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3919 Bryce Court Chino, CA 91710

3 Beds 2 Baths 1,199 sqft Built 1977

$588,650

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $490.95
  • 3 Days on Market
  • MLS # : PW21031547
  • Updated Date : 02/19/2021 at 11:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,199 sqft
  • Baths : 2 full
Listing Agent

Meadowbrook Realty

Listing Agent's Description

Picture perfect home in a central, convenient location in Chino. The home is located in the center of the track, on a cul-de-sac street. The obvious curb appeal of this newly painted home is evidence of the pride of ownership. The large living room has hardwood floors and a cozy fireplace. The remodeled kitchen is completely open to the dinning area, with a large center island, granite counters, stainless steal appliances, pantry and view of the back yard. Down the hallway is a remodeled full bath and 3 nice sized bedrooms. The 2 kids bedrooms both have a full wall of closet space and ceiling fans. The large master bedroom has a remodeled en-suite full bathroom. The private back yard has a covered patio and artificial grass to play on. Room ceiling fans, newer dishwasher & water heater, 2 car garage with laundry and highly rated schools make this home complete. Low HOA dues provides community amenities; pool, tennis & basketball courts, playground, park and clubhouse. Minuets to shopping at the Chino Hills Plaza, Marketplace and the Chino Spectrum. Please take a 3D tour in the virtual tour link.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k725k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chino Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822725

* 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
Canyon Hills Junior High School Middle Regular 1,163 40 9
Ruben S. Ayala High School High Regular 2,606 98 10

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
 

$529,785$647,515$588,650

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,045
Property Tax -$536
Property Insurance -$56
HOA -$75
Property Management Fees -$132
CASH FLOW
-$604

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.

$588,650

PROJECTED PRICE

$2,240

PROJECTED RENT

0.38%

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-$10k-$5.0k$0.0$5.0k$10k

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$161,742

INVESTMENT

$161,742

Down Payment
$147,163
Rehab Estimate
$5,750
Closing Costs
$8,830

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,045

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,163
Loan Amount $441,488
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,025
1$2,0252$2,2403$2,500
$2,500
RENT COMPS ANALYSIS
  • 3919 Bryce Court Chino, CA 2
    • 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.87
    •  
  • 15256 Yorba Avenue Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1981
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.56
    •  
  • 15324 Green Valley Drive Chino Hills, CA 3
    • 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
    •  
PROPERTY LISTING DETAILS
Scott Underwood
Meadowbrook Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21031547
Last Updated: 02/19/2021
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