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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $388.95
- 5 Days on Market
- MLS # : TR21149680
- Updated Date : 07/09/2021 at 09:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,571 sqft
- Baths : 3 full
Listing Agent
King Realty Group Inc
Listing Agent's Description
Located in a highly desired North Chino Hills neighborhood, this beautiful pool home is ready for you to move in! Upon entering, you will appreciate the separate formal living and dining rooms that are spacious and perfect for gatherings. The dine-in kitchen offers plenty of cabinets and counter space. The family room is centered around the warm brick fireplace and has a built-in wet bar, perfect for relaxing. First floor features a bedroom, full bath and laundry nook. Upstairs, the large master suite features an ensuite bathroom with dual sink and makeup vanity, large soaking tub, separate walk-in shower and walk-in closet. The second level has 2 additional bedrooms and a full bath. You will appreciate the sparkling pool and spa in the beautifully landscaped backyard. Centrally located in the Heart of Chino Hills close to all major shopping & dining locations. Make this your dream home!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,590 |
| EXPENSES | Loan Payment | -$3,473 |
| Property Tax | -$947 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$212 | |
|
CASH FLOW
-$1,131
|
||
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.
$1,000,000
PROJECTED PRICE
$3,590
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,750
LOAN DETAILS
$3,473
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $250,000 |
| Loan Amount | $750,000 |
0.5
YEARS SAVED
$1,630
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,590
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$3,574
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
2372 Olympic View Drive Chino Hills, CA 4
- 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $3,590
- $1.40
-
2467 Madrugada Drive Chino Hills, CA 1
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1989
LEASED 05/10/21- Rent
- Rent Per SQFT
- $3,400
- $1.35
-
2443 Madrugada Drive Chino Hills, CA 2
- 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
-
13342 Mesa Bluff Court Chino Hills, CA 3
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1987
LEASED 06/15/21- Rent
- Rent Per SQFT
- $3,500
- $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
King Realty Group Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR21149680
Last Updated: 07/09/2021
