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6124 Fleetwood Lane Chino Hills, CA 91709

4 Beds 3 Baths 2,700 sqft Built 1989

$799,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $295.93
  • 3 Days on Market
  • MLS # : TR21025115
  • Updated Date : 02/05/2021 at 21:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,700 sqft
  • Baths : 3 full
Listing Agent

Yang Hyon Kim

Listing Agent's Description

Bring your big family to this spacious home situated in a tranquil neighborhood in Chino Hills! This lovely home offers one bedroom with full bath downstairs, three bedrooms up, and a great room that can be used as an executive office or entertainment room. Master bedroom with its own balcony, and master bath with privacy windows. This home boasts low maintenance brick-covered backyard, dual pane windows through-out, two fire places, and bright & airy open floorplan. Great school district and convenient location near freeway & shopping centers. Hurry and be imaginative with your future home to find more great features before it's too late!

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,775
Property Tax -$772
Property Insurance -$93
Property Management Fees -$179
CASH FLOW
-$779

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.

$799,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.38%

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$15k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,186

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0003$3,0404$3,1955$3,200
$3,200
RENT COMPS ANALYSIS
  • 6124 Fleetwood Lane Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.13
    •  
  • 17256 Rachels Way Chino Hills, CA 1
    • 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1999
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
  • 5953 Park Crest Drive Chino Hills, CA 2
    • 5 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 18003 Via La Cresta Chino Hills, CA 4
    • 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1988
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.21
    •  
  • 6158 Sevenoaks Street Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1988
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
Yang Kim
Yang Hyon Kim
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21025115
Last Updated: 02/05/2021
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