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3950 Poplar Lane Chino Hills, CA 91709

4 Beds 2 Baths 1,442 sqft Built 1964

$629,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $436.20
  • 3 Days on Market
  • MLS # : DW21024556
  • Updated Date : 02/05/2021 at 11:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

Astro Realty

Listing Agent's Description

Newly remodeled 4 bedroom 2 bath home in a quiet, quaint, neighborhood of Chino Hills. No HOA, low tax rate, move in ready! Beautiful, turn-key single story home featuring an inviting living room with fireplace, formal dining room, spacious kitchen with new countertops, tile backsplash, stainless steel sink and fixtures, separate laundry area, recessed lighting, smooth ceilings, new paint, new windows, upgraded bathrooms with new tiles, vanities and fixtures, master bedroom with on-suite bathroom, new lighting fixtures and central A/C and heating. Private backyard adorned with lots of fruit trees (lemons, pomegranate, grapefruit, persimmon, red dates/jujubes and plum) and a large separate storage shed. Within walking distance to parks, walking trails and beautiful views. Close to award winning Chino Hills Schools, shops and 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
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8
Chino Hills High School High Unknown NA

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

Chino Hills High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$566,100$691,900$629,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,185
Property Tax -$573
Property Insurance -$62
Property Management Fees -$142
CASH FLOW
-$552

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.

$629,000

PROJECTED PRICE

$2,410

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$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$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,185

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,531

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,275
1$2,2752$2,3003$2,4104$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3950 Poplar Lane Chino Hills, CA 3
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.67
    •  
  • 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
    •  
  • 15507 Balsam Court Chino Hills, CA 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1972
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.79
    •  
  • 14770 Osmunda Avenue Chino Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Betty Kim
Astro Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21024556
Last Updated: 02/05/2021
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