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2432 Calle Bienvenida Chino Hills, CA 91709

4 Beds 2 Baths 1,650 sqft Built 1993

INVESTimate

$675,000

List Price

$2,520

$2,270 - $2,770

Rent Est.

$709,493  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $409.09
  • 6 Days on Market
  • MLS # : IV20170828
  • Updated Date : 08/25/2020 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

#1 Flat Fee-liberty Realty

Listing Agent's Description

Unreal deal on Chino Hills view home . This home has a panoramic view of the San Gabriel mountains from back yard. The house is single story . It is located on a cul-de-sac. House is in award winning school district. Put this on your list to see. Thanks for showing .

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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
Hidden Trails Elementary School Primary Regular 499 17 9
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Hidden Trails Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 17
9
GreatSchools Rating

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,490
Property Tax -$686
Property Insurance -$67
Property Management Fees -$149
CASH FLOW
-$873

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.

$675,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $2,669

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5204$2,5955$2,750
$2,750
RENT COMPS ANALYSIS
  • 2432 Calle Bienvenida Chino Hills, 3
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.53
    •  
  • 14721 Bordeaux Lane Chino Hills, 1
    • 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1991
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 14704 Molise Court Chino Hills, 2
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1992
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.61
    •  
  • 14715 Chianti Place Chino Hills, 4
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1990
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.67
    •  
  • 14967 Mira Tortuga Chino Hills, 5
    • 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1992
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.68
    •  
PROPERTY LISTING DETAILS
Eric Van Alstine
#1 Flat Fee-liberty Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20170828
Last Updated: 08/25/2020
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