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4764 Fairway Boulevard Chino Hills, CA 91709

3 Beds 2 Baths 1,132 sqft Built 1961

$499,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $441.61
  • 4 Days on Market
  • MLS # : MB21013140
  • Updated Date : 01/21/2021 at 12:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 2 full
Listing Agent

Century 21 Realty Masters

Listing Agent's Description

Nicely remodeled home located on a tranquil street, surrounded by trees, lakes and the nicest neighbors you can wish for. Property offers new laminate wood flooring throughout the home with recessed lighting in living room and kitchen area. Kitchen has new cabinets and granite counter tops with an island with extra storage space. Good size living room that can accommodate your family and your big screen TV. The master bedroom features a walk-in closet and a full bathroom with a linen closet. The other bathroom is spacious and also has a linen closets. Owner has upgraded the home with double pane windows throughout the house, copper plumbing, new drainage system, new AC and heating unit, new water heater and garage doors. The wrought iron gate in the front yard opens with remote for easy access. Property offers a good size enclosed den with a closet that can be used as a 4th bedroom. The back yard is big enough to accommodate large family gatherings and it's perfect for your kids to go out and play. The storage unit in the backyard has washer and dryer connections and a water heater. This home is a must see.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Chaparral Elementary School Primary Regular 629 23 7
Robert O. Townsend Junior High School Middle Regular 1,082 39 8
Chino Hills High School High Regular 3,012 111 8

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 23
7
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
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,736
Property Tax -$461
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$351

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.

$499,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,0253$2,2504$2,2505$2,260
$2,260
RENT COMPS ANALYSIS
  • 4764 Fairway Boulevard Chino Hills, CA 1
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.78
    •  
  • 15256 Yorba Avenue Chino Hills, CA 2
    • 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
    •  
  • 4076 Rosebay Street Chino Hills, CA 3
    • 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
    •  
  • 3945 Madrona Way Chino Hills, CA 4
    • 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1974
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.68
    •  
  • 15702 Ponderosa Lane Chino Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Apolo Andrade
Century 21 Realty Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB21013140
Last Updated: 01/21/2021
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