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4030 Willow Lane Chino Hills, CA 91709

4 Beds 2 Baths 1,209 sqft Built 1972

INVESTimate

$579,900

List Price

$2,100

$1,890 - $2,310

Rent Est.

$609,533  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $479.65
  • 10 Days on Market
  • MLS # : IG20167420
  • Updated Date : 08/20/2020 at 21:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,209 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

This Charming One Story home is located in a Planned community of Parks, Schools, Greenbelts and Trails.. The home offers 4 bedroom 2 full baths with 1209 sq ft of living space. These features are one your family will desire to call home with the large fence front yard for Children and Pets to play. Newer front sod with privacy front. Side door for easy excess to your 2 car garage with extra parking on driveway..The home features Travertine flooring through-out the home. Gas Fireplace in Living Room, Newer front door. Updated kitchen with a large area for center island and eating area with added french doors that leads to the large back patio area which is enhanced by the view to the greenbelt and several fruit trees. The front bath is located in the hall to accommodate the 3 bedroom leading to the Master suite and extra storage for linens. Both bathroom has been updated. The inside of home has recently been pained. The roof is only 7 years old. This is a desired area of Chino Hills to live. Close to all shopping and freeway. You won't be disappointed.

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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
 

$521,910$637,890$579,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$2,140
Property Tax -$528
Property Insurance -$56
Property Management Fees -$124
CASH FLOW
-$748

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.

$579,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $2,046

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,2604$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4030 Willow Lane Chino Hills, 1
    • 4 beds 2 baths ∙ 1,209 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,209 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.74
    •  
  • 4076 Rosebay Street Chino Hills, 2
    • 3 beds 1 baths ∙ 1,379 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,379 Sqft ∙ Built 1974
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.63
    •  
  • 15702 Ponderosa Lane Chino Hills, 3
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1974
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.64
    •  
  • 3789 Glen Ridge Drive Chino Hills, 4
    • 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, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Leona Mcgarrh
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20167420
Last Updated: 08/20/2020
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