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3836 Buckingham Road Chino Hills, CA 91709

4 Beds 2 Baths 1,470 sqft Built 1974

$600,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $408.16
  • 4 Days on Market
  • MLS # : CV21008907
  • Updated Date : 01/14/2021 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Socal

Listing Agent's Description

This beautiful property is located strategically near downtown Chino Hills, with prime access to freeways, shopping, and schools. It is beautifully landscaped, and a well-maintained home. Much of the home has been refurbished, to include a kitchen with granite countertops and beautiful cabinetry, and a family room with gorgeous flooring. There is a room adjoining the family that can be used as a part of the family room, or as an office or 4th bedroom. The manicured backyard has an open patio, and RV access on the side. There is an attached garage. This is an inviting, well-designed family home. You’ll love it!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,084
Property Tax -$549
Property Insurance -$63
Property Management Fees -$147
CASH FLOW
-$352

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.

$600,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.42%

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

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,275
1$2,2752$2,3003$2,4904$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3836 Buckingham Road Chino Hills, CA 3
    • 4 beds 2 baths ∙ 1,470 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,470 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.69
    •  
  • 3445 Whirlaway Lane Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1977
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.78
    •  
  • 3789 Glen Ridge Drive Chino Hills, CA 2
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1977
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 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 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.74
    •  
  • 14984 Kalan Court Chino Hills, CA 5
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1977
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.64
    •  
PROPERTY LISTING DETAILS
Laurel Starks
Keller Williams Socal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21008907
Last Updated: 01/14/2021
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