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6134 Geanie Court Chino Hills, CA 91709

4 Beds 3 Baths 2,488 sqft Built 1999

$849,800

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $341.56
  • 3 Days on Market
  • MLS # : TR21009426
  • Updated Date : 01/15/2021 at 10:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,488 sqft
  • Baths : 3 full
Listing Agent

King Realty Group Inc

Listing Agent's Description

Located in the highly desired Hunter's Hill neighborhood of Chino Hills, this beautiful home sits on a huge cul-de-sac lot. Upon entering, you will appreciate the formal living / dining room that's spacious and perfect for gatherings. The open dine-in kitchen features plenty of cabinet and counter space and the family room is centered around the warm fireplace, perfect for relaxing. Convenient downstairs full bath and laundry room. Upstairs, the master suite features dual sink vanity, large soaking tub and separate walk-in shower. The second floor also features 3 additional bedrooms and full bath. The gorgeous rear yard features a custom pool and spa, BBQ island and custom rock fireplace. You don't want to miss the opportunity to make this your dream home!

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
Butterfield Ranch Elementary School Primary Regular 769 27 8
Butterfield Ranch Elementary School Middle Regular 769 27 8
Chino Hills High School High Regular 3,012 111 8

Butterfield Ranch Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 27
8
GreatSchools Rating

Butterfield Ranch Elementary School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 27
8
GreatSchools Rating

Chino Hills High School

  • Education Level: High
  • # of students: 3,012
  • # of teachers: 111
8
GreatSchools Rating
 

$764,820$934,780$849,800

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,952
Property Tax -$875
Property Insurance -$87
Property Management Fees -$185
CASH FLOW
-$960

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.

$849,800

PROJECTED PRICE

$3,140

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$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$230,947

INVESTMENT

$230,947

Down Payment
$212,450
Rehab Estimate
$5,750
Closing Costs
$12,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,450
Loan Amount $637,350
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,936

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0003$3,1404$3,1955$3,200
$3,200
RENT COMPS ANALYSIS
  • 6134 Geanie Court Chino Hills, CA 3
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.26
    •  
  • 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
    •  
  • 5969 Nisa Drive Chino Hills, CA 5
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2018
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
John Balsz
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21009426
Last Updated: 01/15/2021
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