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3182 Forest Meadow Drive Chino Hills, CA 91709

5 Beds 3 Baths 2,356 sqft Built 1989

$839,800

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $356.45
  • 38 Days on Market
  • MLS # : CV20249889
  • Updated Date : 12/05/2020 at 12:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,356 sqft
  • Baths : 3 full
Listing Agent

Help-u-sell Prestige Prop's

Listing Agent's Description

Spacious 5-bedroom, 3-bathroom executive home in prime area of Chino Hills. Entering the home, you are greeted by a dramatic iron open staircase, ceramic tile entry and laminate wood flooring in the formal living room which enjoys vaulted ceilings. Formal dining room also has laminate wood flooring and chandelier. Upgraded kitchen features granite counters, stainless steel appliances, oversized sink, ample cupboard space and pantry. Generous counter space to work too. Adjacent is the informal dining area with slider that leads out to the backyard. The family room is located off the kitchen and enjoys a cozy fireplace setting. Next to the family room are the double doors that lead to the downstairs bedroom. The bedroom has its own entrance to the downstairs bathroom which has a shower. Master suite has private fireplace, bamboo hardwood floors & plantation shutters. Large windows with mountain views make the master suite a true retreat. The master bathroom is accented with an antique style stand-alone tub, raised granite double sinks, and a tile and granite shower PLUS it enjoys the beauty of the dual sided fireplace. Three more carpeted bedrooms are upstairs as well, one that leads out to the fabulous oversized wraparound deck that has a tranquil view of the mountains. Great extra storage features in the hallway with plenty of storage space in the custom-built closets. True pride of ownership!

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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
Gerald F. Litel Elementary School Primary Regular 502 18 9
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Gerald F. Litel Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 18
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
 

$755,820$923,780$839,800

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,917
Property Tax -$854
Property Insurance -$84
Property Management Fees -$174
CASH FLOW
-$1,079

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.

$839,800

PROJECTED PRICE

$2,950

PROJECTED RENT

0.35%

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$228,297

INVESTMENT

$228,297

Down Payment
$209,950
Rehab Estimate
$5,750
Closing Costs
$12,597

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,917

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $209,950
Loan Amount $629,850
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,104

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,0004$3,3505$3,500
$3,500
RENT COMPS ANALYSIS
  • 3182 Forest Meadow Drive Chino Hills, CA 1
    • 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.25
    •  
  • 13852 Shady Knoll Lane Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.30
    •  
  • 14668 Grandrue Place Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1992
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.31
    •  
  • 2798 Avenida Marguerite Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1991
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.25
    •  
  • 14745 Foxwood Road Chino Hills, CA 5
    • 5 beds 3 baths ∙ 2,489 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,489 Sqft ∙ Built 1996
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.41
    •  
PROPERTY LISTING DETAILS
Patrick Wood
Help-u-sell Prestige Prop's
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20249889
Last Updated: 12/05/2020
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