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3445 Tupelo Street Chino Hills, CA 91709

4 Beds 2 Baths 1,603 sqft Built 1980

$629,800

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $392.89
  • 3 Days on Market
  • MLS # : WS20229781
  • Updated Date : 11/01/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent

Supreme Investment Corp

Listing Agent's Description

Beautiful single story corner unit turn key home!! 4-bedroom, 2-bathroom, spacious family room with vaulted ceilings and great fireplace. New kitchen cabinetry and tile counters. 2 cars attached garage and a long drive way. Central air/heat. Double panel windows. wood flooring throughout.Lots of natural light fill this home. Large backyard with lawn area and block wall fencing.Great quite neighborhood in the heart of Chino Hills. Close to Chino Hills Schools, restaurants, freeways, Costco, Ranch 99 Market and "The Shoppes at Chino Hills".

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
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
 

$566,820$692,780$629,800

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,324
Property Tax -$574
Property Insurance -$66
Property Management Fees -$149
CASH FLOW
-$592

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.

$629,800

PROJECTED PRICE

$2,520

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,647

INVESTMENT

$172,647

Down Payment
$157,450
Rehab Estimate
$5,750
Closing Costs
$9,447

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,450
Loan Amount $472,350
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,917

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
  • $1.57

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5203$2,6004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3445 Tupelo Street Chino Hills, CA 2
    • 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.57
    •  
  • 15324 Green Valley Drive Chino Hills, CA 1
    • 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1988
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.62
    •  
  • 3870 Yellowstone Circle Chino, CA 3
    • 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1977
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.60
    •  
  • 14770 Osmunda Avenue Chino Hills, CA 4
    • 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1977
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.74
    •  
  • 14738 Hiddenspring Circle Chino Hills, CA 5
    • 3 beds 4 baths ∙ 1,750 Sqft ∙ Built 1989 3 beds 4 baths ∙ 1,750 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.49
    •  
PROPERTY LISTING DETAILS
Wen Luo
Supreme Investment Corp
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20229781
Last Updated: 11/01/2020
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