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5723 Waverly Drive Chino Hills, CA 91709

4 Beds 3 Baths 2,555 sqft Built 2000

$719,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $281.41
  • 8 Days on Market
  • MLS # : WS20239234
  • Updated Date : 11/15/2020 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,555 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jyg Royal Investment Co

Listing Agent's Description

Beautiful 2 stories home in Fairfield Ranch. Bright and open floor plan. Cathedral ceilings! Wood floors, upgraded tile downstairs and new paint. Kitchen with Center Island opened to Family room with Fireplace. Master Bedroom with walk-in closet. ONE BONUS ROOM DOWNSTAIRS!! Built-in sound system! Spacious backyard and manicured landscaping. Immaculate garage with Epoxy floor. Low Association fee! Leased Solar system around $77 per month, makes the hot summer cooler and save bills!! Close to walking trails, community park and field of Dreams baseball stadium. Easy access to freeways. MUST SEE !!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$647,100$790,900$719,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,653
Property Tax -$813
Property Insurance -$89
HOA -$45
Property Management Fees -$193
CASH FLOW
-$523

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.

$719,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.45%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,238

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,1004$3,2705$3,495
$3,495
RENT COMPS ANALYSIS
  • 5723 Waverly Drive Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $1.28
    •  
  • 15869 Cornerstone Street Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2000
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.26
    •  
  • 16484 Quail Ridge Way Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2003
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.19
    •  
  • 15823 Old Hickory Lane Chino Hills, CA 3
    • 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 1999
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
  • 5117 Pomona Rincon Road Chino Hills, CA 5
    • 4 beds 4 baths ∙ 2,672 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,672 Sqft ∙ Built 2018
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.31
    •  
PROPERTY LISTING DETAILS
Na Li
Jyg Royal Investment Co
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20239234
Last Updated: 11/15/2020
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