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4941 Mandarin Court Chino Hills, CA 91709

4 Beds 3 Baths 2,148 sqft Built 1996

$758,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $352.89
  • 7 Days on Market
  • MLS # : PW21016198
  • Updated Date : 02/02/2021 at 14:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,148 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Newport Estate

Listing Agent's Description

Stunning 4 bedroom, 2 1/2 bathroom home located in a quiet cul-de-sac in Chino Hills! Freshly painted interior and exterior. Spacious living and dining areas with high ceilings, recessed lighting and plush new carpeting. Completely remodeled kitchen with new rich cabinetry, stainless steel appliances, granite counter tops, recessed lighting, tile flooring and cheery breakfast area. Family room boasts a cozy fireplace with custom mantle, ceiling fan, tile flooring which also opens to kitchen. Enjoy a gracious upstairs loft with ceiling fan, recessed lighting and laminate wood flooring. Master suite offers vaulted ceilings, french doors which lead to massive view deck, walk-in closet, on-suite bathroom with dual sink vanity, granite counters, oval tub and a separate shower. Nice size secondary bedrooms. Serene and private backyard setting with covered patio, park-like backyard with expansive lush lawn area, block wall fencing and foothill views. Close to coveted Chino Hills schools, 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
 

$682,200$833,800$758,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,633
Property Tax -$829
Property Insurance -$79
HOA -$42
Property Management Fees -$166
CASH FLOW
-$939

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.

$758,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.37%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,620

INVESTMENT

$206,620

Down Payment
$189,500
Rehab Estimate
$5,750
Closing Costs
$11,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,633

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $189,500
Loan Amount $568,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,927

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,7954$2,8005$2,810
$2,810
RENT COMPS ANALYSIS
  • 4941 Mandarin Court Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.31
    •  
  • 4705 Golden Road Chino Hills, CA 1
    • 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.32
    •  
  • 4957 Agate Rd Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1992
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.29
    •  
  • 4764 Topaz Road Chino Hills, CA 3
    • 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.42
    •  
  • 16312 Starstone Road Chino Hills, CA 4
    • 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1996
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.42
    •  
PROPERTY LISTING DETAILS
Jordan Wang
Keller Williams Newport Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21016198
Last Updated: 02/02/2021
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