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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chino Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$161,742
LOAN DETAILS
$2,045
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,163 |
| Loan Amount | $441,488 |
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
-
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
Meadowbrook Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21031547
Last Updated: 02/19/2021
