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3095 Crape Myrtle Circle Chino Hills, CA 91709

3 Beds 3 Baths 1,866 sqft Built 1988

$595,999

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $319.40
  • 3 Days on Market
  • MLS # : IG21057778
  • Updated Date : 03/19/2021 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,866 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Welcome to this Chino Hills home in one of the most desirable Village Oaks neighborhood. Entering into the home, you will fall in love with the cathedral ceiling and windows in the living room that bring in lots of natural light to give the living area a spacious open feeling. The first floor has a cozy living room with a fireplace. The dining room opens to the kitchen and next to the kitchen you will enjoy a beautiful view from the Breakfast nook area. Upstairs you will find 2 bedrooms, full bathroom and den area. The master bedroom is just fabulous with a double-sided fireplace and spacious bathroom and walk in closet. The patio in the back is just the perfect place to enjoy the view with a glass of wine or cup of coffee. Located close to shops, restaurants and freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

Robert O. Townsend Junior High School

  • Education Level: Middle
  • # of students: 1,082
  • # of teachers: 39
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$536,399$655,599$595,999

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,070
Property Tax -$602
Property Insurance -$72
Property Management Fees -$153
CASH FLOW
-$298

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.

$595,999

PROJECTED PRICE

$2,600

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,690

INVESTMENT

$163,690

Down Payment
$149,000
Rehab Estimate
$5,750
Closing Costs
$8,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,070

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,000
Loan Amount $446,999
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,766

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,8504$2,8505$3,200
$3,200
RENT COMPS ANALYSIS
  • 3095 Crape Myrtle Circle Chino Hills, CA 2
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
  • 15427 Ficus Street Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1988
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.48
    •  
  • 15726 Altamira Drive Chino Hills, CA 3
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1989
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.49
    •  
  • 15572 Ficus Street Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1988
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.38
    •  
  • 15673 Fallen Oak Lane Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
PROPERTY LISTING DETAILS
Monica Lopez
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21057778
Last Updated: 03/19/2021
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