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2342 Madrugada Drive Chino Hills, CA 91709

4 Beds 3 Baths 2,512 sqft Built 1989

$988,888

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $393.67
  • 5 Days on Market
  • MLS # : IV21017623
  • Updated Date : 01/27/2021 at 12:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,512 sqft
  • Baths : 3 full
Listing Agent

Einstein Realty

Listing Agent's Description

Rare find in highly desirable Chino Hills neighborhood. This home is maximized with the latest in modern design trends. Featuring 4 bedrooms and 3 full bathrooms. Hard-to-find model with 3-car garage and RV Parking with an Oasis Backyard perfect for entertaining. Extravagant entry with high ceilings and solid wood flooring, you will be greeted by a glass and quartz accented wall defining the entry way from the formal living room. Positive vibrations only in this feng shui friendly home. Downstairs bedroom has been converted to an office or can used as a distant learning room. Gourmet kitchen featuring stainless steel appliances, quartz countertops and European style cabinetry with subway tile backsplash. Fully upgraded bathrooms, newer windows, shutters, recess lighting are just some of the additional features. This home is one-of-a-kind that you must see to truly appreciate. Located in the Rolling Ridge Elementary, Canyon Hills Junior High and Ruben Ayala school districts. Schedule a tour today.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$889,999$1,087,777$988,888

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,435
Property Tax -$936
Property Insurance -$88
Property Management Fees -$200
CASH FLOW
-$1,269

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.

$988,888

PROJECTED PRICE

$3,390

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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,805

INVESTMENT

$267,805

Down Payment
$247,222
Rehab Estimate
$5,750
Closing Costs
$14,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,435

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,222
Loan Amount $741,666
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,379

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$3,249
1$3,2492$3,3903$3,4004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 2342 Madrugada Drive Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.35
    •  
  • 13622 Nimes Court Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,249
    • $1.29
    •  
  • 13613 Martinique Drive Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.35
    •  
  • 13565 Anochecer Avenue Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.35
    •  
  • 2443 Madrugada Drive Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1988
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.39
    •  
PROPERTY LISTING DETAILS
Sal Kabir
Einstein Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21017623
Last Updated: 01/27/2021
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