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6256 Fleetwood Lane Chino Hills, CA 91709

4 Beds 3 Baths 2,200 sqft Built 1988

$729,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $331.36
  • 2 Days on Market
  • MLS # : TR20256601
  • Updated Date : 12/12/2020 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full , 1 half
Listing Agent

Yang Hyon Kim

Listing Agent's Description

A BEAUTIFUL HOME SITUATED ON A CUL-DE-SAC IN CHINO HILLS GRIFFIN BUTERFIELD RANCH COMMUNITY. ENTER THOURH GRAND DOUBLE DOORS THAT OPEN TO SPACIOUS LIVING ROOM WITH VAULTED CEILING & FAMILY ROOM WITH FIREPLACE AND A MANTLE. DUAL PANE WINDOWS & FRESH PAINT THROUGHOUT THE HOME. ALL BEDROOMS UPSTAIRS WITH MASTER BEDROOM THAT HAS A PRIVATE BALCONY OVERLOOKING SEREN VIEW OF TREES & HILLS. A GAS FIRE PIT AND BARBEQUE GRILL OUT IN THE BACKYARD ARE VALUABLE ADDS THAT YOU CAN ENJOY EVEN MORE. THIS 4 BEDROOM HOUSE IS MOVE-IN READY, AND CAN DEFINITLY BE THE HOME YOU'VE BEEN WANTING TO LIVE IN. HURRY, AND DON'T LET THE OPPORTUNITY SLIP OUT!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,690
Property Tax -$705
Property Insurance -$80
Property Management Fees -$163
CASH FLOW
-$868

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.

$729,000

PROJECTED PRICE

$2,770

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

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$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.26

    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$2,7704$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 6256 Fleetwood Lane 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
    •  
    • $2,770
    • $1.26
    •  
  • 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
Yang Kim
Yang Hyon Kim
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20256601
Last Updated: 12/12/2020
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