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2142 Camino Largo Drive Chino Hills, CA 91709

4 Beds 3 Baths 2,230 sqft Built 1988

$850,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $381.17
  • 5 Days on Market
  • MLS # : TR21038436
  • Updated Date : 02/24/2021 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,230 sqft
  • Baths : 2 full , 1 half
Listing Agent

King Realty Group Inc

Listing Agent's Description

Located in a highly desired North Chino Hills neighborhood, this beautifully upgraded home is ready for you to move in! Upon entering, you will appreciate the high ceilings, plantation shutters and natural light throughout. The formal living / dining room is spacious and perfect for gatherings. The dine-in kitchen features plenty of cabinet space with granite counter tops, large center island and mountain views out the window. The family room, centered around the warm brick fireplace, is the perfect space for relaxing. Upstairs, the master suite features a beautifully updated bath with dual sink vanity, large soaking tub and separate walk-in shower. The home's 4th bedroom is currently being used as a large sitting area off the master suite but can be easily converted back to the 4th bedroom. Upstairs has 2 additional bedrooms and full bath. The private rear yard features mountain top views and plenty of room to entertain. Additional upgrades include fresh paint throughout in Dec 2020, new AC in 2019 and redone roof in 2017. Located in the heart of Chino Hills and close to all major shopping and dining locations. You don't want to miss the opportunity to make this your dream home today!

SEE MORE

MARKET HIGHLIGHTS

  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k727k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822735

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Canyon Hills Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 40
9
GreatSchools Rating

Ruben S. Ayala High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 98
10
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,952
Property Tax -$797
Property Insurance -$81
Property Management Fees -$169
CASH FLOW
-$1,139

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$850,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$198

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,860

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,128

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,7503$2,8604$2,9005$3,600
$3,600
RENT COMPS ANALYSIS
  • 2142 Camino Largo Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.28
    •  
  • 2137 Woodhollow Lane Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,897 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,897 Sqft ∙ Built 1985
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.45
    •  
  • 2512 Cottonwood Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1984
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.34
    •  
  • 2266 Norte Vista Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 1987
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.39
    •  
  • 13541 Anochecer Avenue Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.43
    •  
PROPERTY LISTING DETAILS
John Balsz
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21038436
Last Updated: 02/24/2021
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