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3317 Marble Ridge Drive Chino Hills, CA 91709

5 Beds 3 Baths 2,531 sqft Built 1986

$850,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $335.84
  • 7 Days on Market
  • MLS # : TR20248969
  • Updated Date : 12/03/2020 at 13:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,531 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Great location. Munities to The Shopps at Chino Hills, Costco, 99 Rancho Market, Trade Joe's and Spectrums in Chino. One of the best schools in Chino Hills. Less than one mile to Ayala High. This 2-story home feathers an open concept kitchen and family room. Cathedral ceiling in entry. 3-car garage. Newer laminate flooring throughout the whole house. Newer interior paint. Newer upgrade counter top in kitchen. One bedroom and a full bath shower on main floor. Upstairs there are four bedrooms including a master bedroom and a huge bedroom. This home won't last long.

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
Eagle Canyon Elementary School Primary Regular 573 21 8
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

Eagle Canyon Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 21
8
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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,136
Property Tax -$810
Property Insurance -$88
Property Management Fees -$199
CASH FLOW
-$863

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.

$850,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.40%

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

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $3,195

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,2004$3,2005$3,370
$3,370
RENT COMPS ANALYSIS
  • 3317 Marble Ridge Drive Chino Hills, CA 5
    • 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.33
    •  
  • 3336 Silvertip Road Chino Hills, CA 1
    • 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.19
    •  
  • 3342 Royal Ridge Road Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.34
    •  
  • 3375 Royal Ridge Road Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
  • 3377 Silvertip Road Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
PROPERTY LISTING DETAILS
Denise Xiao
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20248969
Last Updated: 12/03/2020
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