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1048 W 11th Street Upland, CA 91786

3 Beds 2 Baths 1,352 sqft Built 1963

INVESTimate

$529,900

List Price

$2,000

$1,800 - $2,200

Rent Est.

$562,065  ( +6.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $391.94
  • 4 Days on Market
  • MLS # : CV20173120
  • Updated Date : 08/25/2020 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

WOW! If a picture is worth a thousand words, then the video will leave you speechless! Come see this amazing Upland Pool Home! Centrally located I the heart of Upland. This home hits all the marks. 3 Bedrooms & 2 Bathrooms with a bonus Bedroom / Office / Workspace. New Roof, New Windows, New Kitchen, & New Flooring. Relax & Enjoy the Pool or have a nice meal under the covered patio. Need space for a few toys??? There’s ample space on either side of the house to privately secure your boat, jet skis, or off-road vehicle.

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: Upland

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k642k

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

Neighborhood: Upland

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822575

* 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
Baldy View Elementary School Primary Regular 634 26 5
Baldy View Elementary School Middle Regular 634 26 5
Upland High School High Regular 3,456 137 7

Baldy View Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 26
5
GreatSchools Rating

Baldy View Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 26
5
GreatSchools Rating

Upland High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 137
7
GreatSchools Rating
 

$476,910$582,890$529,900

PURCHASE PRICE

$1,800$2,200$2,000

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,955
Property Tax -$495
Property Insurance -$60
Property Management Fees -$118
CASH FLOW
-$628

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.

$529,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.07%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1204$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 1048 W 11th Street Upland, 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 484 Corte Verde Upland, 2
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1982
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.52
    •  
  • 1166 Mountain Gate Road Upland, 3
    • 3 beds 1 baths ∙ 1,550 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,550 Sqft ∙ Built 1974
    LEASED 03/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.37
    •  
  • 1408 W 14th Street Upland, 4
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.47
    •  
  • 1354 N Erin Avenue Upland, 5
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1977
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.53
    •  
PROPERTY LISTING DETAILS
Steven Rodriguez
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20173120
Last Updated: 08/25/2020
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