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13326 San Pedro Place Chino, CA 91710

4 Beds 3 Baths 2,286 sqft Built 1976

INVESTimate

$599,900

List Price

$2,640

$2,390 - $2,890

Rent Est.

$640,273  ( +6.73%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $262.42
  • 9 Days on Market
  • MLS # : OC20168334
  • Updated Date : 08/24/2020 at 11:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,286 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ehm Real Estate, Inc.

Listing Agent's Description

Two story pool home with PAID solar ! This home features 4 bedrooms, 2.5 bathrooms and a large in ground swimming pool. Hard wood floors, granite kitchen counter tops and wood blinds are just a few of the upgraded features. Located on a cul-de-sac and walking distance to schools and minutes to The Shoppes in Chino Hills & Chino Spectrum Market Place. No Monthly HOA or Mello Roos Taxes !

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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k560k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chino

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10822394

* 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
Doris Dickson Elementary School Primary Regular 667 23 3
Doris Dickson Elementary School Middle Regular 667 23 3
Don Antonio Lugo High School High Regular 1,745 81 5

Doris Dickson Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Doris Dickson Elementary School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 23
3
GreatSchools Rating

Don Antonio Lugo High School

  • Education Level: High
  • # of students: 1,745
  • # of teachers: 81
5
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,213
Property Tax -$549
Property Insurance -$83
Property Management Fees -$156
CASH FLOW
-$361

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.

$599,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.73%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$15,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,846

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,7003$2,7504$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 13326 San Pedro Place Chino, 1
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.15
    •  
  • 13681 San Juan Court Chino, 2
    • 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.18
    •  
  • 13693 San Juan Court Chino, 3
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1975
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.20
    •  
  • 3406 Royal Ridge Road Chino Hills, 4
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1987
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.34
    •  
  • 3375 Royal Ridge Road Chino Hills, 5
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1987
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
PROPERTY LISTING DETAILS
Joseph Rutter
Ehm Real Estate, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20168334
Last Updated: 08/24/2020
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