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4080 Fir Court Chino Hills, CA 91709

5 Beds 2 Baths 1,800 sqft Built 1965

INVESTimate

$695,000

List Price

$2,470

$2,223 - $2,717

Rent Est.

$730,515  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $386.11
  • 10 Days on Market
  • MLS # : RS20167332
  • Updated Date : 08/24/2020 at 08:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Realty Executives Select

Listing Agent's Description

New! New! New! Outside paint and AC system both done this year. Plumbing and electrical throughout upgraded. Recently had all bathrooms renovated and ceilings upgraded to smooth and recessed lighting. Water softener, new tile flooring, and carpet. This rare find offers a private cul-de-sac in the middle of Chino Hills center. Big ranch private lot with lots of potentials. The home is a TURN -KEY. Open concept living room and dining room. Offers 2 rooms downstairs and 3 upstairs. One full bathroom downstairs. An indoor patio for those parties, storage, man cave, or kids plays area. The patio offers a deck on one side leading to the garden. There's a shed on a concrete slab that offers a world of possibilities for a motherhouse or etc! The other side of the yard offers a dog run area made into a kid's playground plus yard. Detached shed in the back for the tools and supplies. This side yard also has an awning for a small boat or camper with plenty of room for a larger RV or boat in the front. New sprinklers throughout the front and the back and side yards. Lots of trees, roses, fruit bushes, and fruit trees throughout. Yard has room for you to build your own oasis and install the dream pool and or a casita. Close to Chino Hills Shoppes (Inland Empires primer shops), Bowling Alley, Best Schools in Chino Hills, and lots more!

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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,564
Property Tax -$633
Property Insurance -$71
Property Management Fees -$146
CASH FLOW
-$944

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.

$695,000

PROJECTED PRICE

$2,470

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4253$2,4704$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 4080 Fir Court Chino Hills, 3
    • 5 beds 2 baths ∙ 1,800 Sqft ∙ Built 1965 5 beds 2 baths ∙ 1,800 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.37
    •  
  • 3968 Rosebay Street Chino Hills, 1
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.38
    •  
  • 14950 Redwood Lane Chino Hills, 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1964
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.35
    •  
  • 4017 Rosebay Street Chino Hills, 4
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1974
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.34
    •  
  • 15753 Country Club Drive Chino Hills, 5
    • 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1977
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.39
    •  
PROPERTY LISTING DETAILS
Alexander Perez
Realty Executives Select
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS20167332
Last Updated: 08/24/2020
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