Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3921 Glenwood Way Chino Hills, CA 91709

4 Beds 2 Baths 1,796 sqft Built 1966

$590,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $328.51
  • 3 Days on Market
  • MLS # : CV21004123
  • Updated Date : 01/08/2021 at 09:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

Excellence Vision Real Estate

Listing Agent's Description

Wow!! A Beautiful Home in Chino Hills with many great features. Double Door entry into great size Living Room with a Fireplace. Updated Kitchen Cabinets and stainless steel appliances. Kitchen Table Area with sliding patio door access to the rear yard. Direct Access to and from the garage with an oversize bedroom and full bath in the 1st Floor. Staircase leading to the 2nd Floor is amazing with the Oversize Picture Window. Almost looks Fake. Such beautiful Natural Light and Twilight for those that prefer the night. 2nd Floor boasts the remaining 3 oversize bedrooms and 2nd Full Bath. 2nd Floor Bedrooms have Awesome views of the city and mountains. Both Rear and Front Yards are ready for your landscaping ideas or just simply seed and let the green grow. Home is surrounded by Great Hills to incorporate your daily jog/walk routine. Enjoy a cup of Joe in your welcoming Front Porch or Rear Patio Area. Neither will disappoint. Almost forgot, Award Winning School District. Come see this home. It will not last.

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
Glenmeade Elementary School Primary Regular 549 21 6
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Glenmeade Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 21
6
GreatSchools Rating

Robert O. Townsend Junior High School

  • Education Level: Middle
  • # of students: 1,082
  • # of teachers: 39
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,049
Property Tax -$538
Property Insurance -$71
Property Management Fees -$157
CASH FLOW
-$154

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.

$590,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$25,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,649

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,6604$2,7005$2,900
$2,900
RENT COMPS ANALYSIS
  • 3921 Glenwood Way Chino Hills, CA 3
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.48
    •  
  • 3968 Rosebay Street Chino Hills, CA 1
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.38
    •  
  • 15762 Rolling Ridge Drive Chino Hills, CA 2
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 1974
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 3796 Daisy Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.47
    •  
  • 15483 Oakdale Road Chino Hills, CA 5
    • 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 1986
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.54
    •  
PROPERTY LISTING DETAILS
Pablo Soto
Excellence Vision Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21004123
Last Updated: 01/08/2021
BESbswy