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128 Fulton Way Upland, CA 91786

3 Beds 2 Baths 1,410 sqft Built 1970

$519,999

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $368.79
  • 4 Days on Market
  • MLS # : 20658832
  • Updated Date : 11/13/2020 at 13:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming, single-story home ready for easy move-in, nestled in a cul-de-sac with peek-a-boo views of Mt. Baldy. Minutes from major freeways, shopping and public transportation. Gorgeous hardwood floors in the living room and 3 bedrooms complimented by upscale tile in the bathrooms, kitchen and dining area. The master bedroom has an En suite upgraded bathroom with jacuzzi tub and opens to the backyard. Home is equipped with solar panels, newer central HVAC, dual pane windows and doors. New paint throughout entire home and garage. The front yard is a desert oasis with mature, drought-tolerant plants and trees. The private, manicured backyard has a large grassy area perfect for pets along with a new sprinkler system and newer storage shed. The tiled, covered patio outside the living room and kitchen is ideal for entertaining and relaxing.

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
Citrus Elementary School Primary Regular 652 27 2
Upland Junior High School Middle Regular 877 38 3
Upland High School High Regular 3,456 137 7

Citrus Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 27
2
GreatSchools Rating

Upland Junior High School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 38
3
GreatSchools Rating

Upland High School

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

$467,999$571,999$519,999

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,919
Property Tax -$502
Property Insurance -$61
Property Management Fees -$127
CASH FLOW
-$459

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.

$519,999

PROJECTED PRICE

$2,150

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $389,999
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,164

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,1004$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 128 Fulton Way Upland, CA 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.52
    •  
  • 1307 N Elderberry Avenue Ontario, CA 1
    • 3 beds 3 baths ∙ 1,243 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,243 Sqft ∙ Built 1978
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.53
    •  
  • 1334 N Elderberry Avenue Ontario, CA 2
    • 3 beds 3 baths ∙ 1,246 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,246 Sqft ∙ Built 1976
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.60
    •  
  • 484 Corte Verde Upland, CA 3
    • 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
    •  
  • 1347 Deodar Ontario, CA 5
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.49
    •  
PROPERTY LISTING DETAILS
Deborah Watson
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20658832
Last Updated: 11/13/2020
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