Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6221 Sunny Meadow Lane Chino Hills, CA 91709

4 Beds 3 Baths 2,009 sqft Built 1988

INVESTimate

$710,000

List Price

$2,810

$2,560 - $3,060

Rent Est.

$746,281  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $353.41
  • 6 Days on Market
  • MLS # : TR20171390
  • Updated Date : 08/21/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,009 sqft
  • Baths : 3 full
Listing Agent

Kw Vision

Listing Agent's Description

POOL PARTY!!!! WELCOME to the most beautiful home in the Community of The Meadows, nestled in Chino Hills. This home will take your breath away with 4 bedrooms and 3 bath, and more upgrades than can be listed. You enter through a custom front door to the living room with double doors to enter the backyard. Downstairs there is a custom Coffee area, Laundry room with a Custom countertop and Custom shelves, and a custom blinds. The Family room features a Custom stone wall with a gas fireplace built in and Surround Sound Speakers. The Remodeled kitchen has all soft close drawers and new Cooktop. Once you enter the backyard you feel like you are in PARADISE! The Pool has a ROCK SLIDE, Spa, Built in Umbrella, Stone Wall Fire pit, Fountain, Outdoor Speakers, a Dog Run, and access to the Greenbelt. Upstairs both Bathrooms are Custom remolded with stone. The Master Bedroom has a Custom Walk in Closet. This house also features, Crown Molding, LED Lights, New Paint, new Ceiling Fans, All new Windows, New Water Heater, and a chain free Garage Door with external Keypad.

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
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
 

$639,000$781,000$710,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,620
Property Tax -$686
Property Insurance -$76
Property Management Fees -$166
CASH FLOW
-$737

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.

$710,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,032

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
  • $1.4

    LIST RENT PER SQFT
  • $2,913

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,8104$2,8955$2,995
$2,995
RENT COMPS ANALYSIS
  • 6221 Sunny Meadow Lane Chino Hills, 3
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.40
    •  
  • 5963 Meadowood Court Chino Hills, 1
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1988
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
  • 5941 Ridgegate Drive Chino Hills, 2
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1988
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.46
    •  
  • 6163 Sunny Meadow Lane Chino Hills, 4
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1988
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.36
    •  
  • 17604 Wildflower Place Chino Hills, 5
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1988
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.60
    •  
PROPERTY LISTING DETAILS
Joi Zerbel
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20171390
Last Updated: 08/21/2020
BESbswy