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6121 Sevenoaks Street Chino Hills, CA 91709

4 Beds 3 Baths 2,200 sqft Built 1988

$799,900

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $363.59
  • 4 Days on Market
  • MLS # : EV21062543
  • Updated Date : 03/25/2021 at 14:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Beautiful 2-story pool home in wonderful Butterfield Ranch neighborhood of Chino Hills. 4 bedrooms, 3 bathrooms, 2200 SF. Great curb appeal w/ custom side retaining wall, palm trees, and lush grounds w/ an irrigation system on a timer (one for the front of the house and the other for the backyard). Double-door entry leads to an open and spacious floorplan w/ lots of natural light, high ceilings and 18-inch-tile flooring. Living Room and Family Room share a dual-sided brick fireplace and Living Room has slider to the back yard. Large kitchen features recessed lighting, granite counters, graphite sink, stainless-steel dishwasher, microwave, and oak cabinets. Dining Room w/ wrought iron light fixture. Downstairs Laundry Room and under-stair storage. 3 large secondary bedrooms upstairs all w/ mirrored closet doors with built in drawers, shelves, and hanging rods. Big Primary bedroom has a deck overlooking the pool and backyard, high ceilings, laminate flooring, a walk-in closet w/ mirrored closet doors also with built in drawers, shelves, and hanging rods. Primary bathroom includes tile flooring, tile shower, corian counters and single sink. Attached 3- car garage w/ water softener. Private backyard w/ sparkling pool and spa. Concrete patio, wrought iron side gates, built-in BBQ, custom planter and retaining walls. ~~Buyer to assume solar lease.~~ Great location. Easy access to the 71 Fwy and close to award winning schools and shopping. Low tax rate and NO HOA!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,778
Property Tax -$773
Property Insurance -$80
Property Management Fees -$160
CASH FLOW
-$1,082

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.

$799,900

PROJECTED PRICE

$2,710

PROJECTED RENT

0.34%

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

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,783

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,7104$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 6121 Sevenoaks Street Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.23
    •  
  • 6139 Sevenoaks Street Chino Hills, CA 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.23
    •  
  • 6151 Sevenoaks Street Chino Hills, CA 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1988
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
  • 17855 Via Casitas Chino Hills, CA 4
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1988
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.27
    •  
  • 6470 Via Del Rancho Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1988
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.34
    •  
PROPERTY LISTING DETAILS
Michael Espiritu
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21062543
Last Updated: 03/25/2021
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