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3365 Marble Ridge Drive Chino Hills, CA 91709

5 Beds 3 Baths 2,531 sqft Built 1986

INVESTimate

$839,999

List Price

$3,080

$2,830 - $3,330

Rent Est.

$882,923  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $331.88
  • 6 Days on Market
  • MLS # : WS20170190
  • Updated Date : 08/21/2020 at 05:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,531 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Signature Rlty

Listing Agent's Description

Beautiful 5 bedroom 3 bath home in desirable area of North Chino Hills! Open floor plan, with high ceiling and wide staircase. Laminate flooring throughout. Granite counter top in a spacious kitchen. One bedroom and one bathroom downstairs perfect for guests. 3 car attached garage with laundry downstairs. Backyard offers stunning city lights and mountain views. Great views from kitchen, family room, and master bedroom. Conveniently located near shopping center, schools, restaurants, and much more! Must see to fully appreciate!

SEE MORE

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
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
 

$755,999$923,999$839,999

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,099
Property Tax -$800
Property Insurance -$88
Property Management Fees -$182
CASH FLOW
-$1,089

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.

$839,999

PROJECTED PRICE

$3,080

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$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $210,000
Loan Amount $629,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,170

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,0804$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 3365 Marble Ridge Drive Chino Hills, 3
    • 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.22
    •  
  • 3336 Silvertip Road Chino Hills, 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
    •  
  • 13852 Shady Knoll Lane Chino Hills, 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
    •  
  • 3375 Royal Ridge Road Chino Hills, 4
    • 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, 5
    • 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
Christine Cheng
Keller Williams Signature Rlty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20170190
Last Updated: 08/21/2020
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