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1310 Brenda Court Upland, CA 91786

4 Beds 2 Baths 1,906 sqft Built 1974

$669,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $351.00
  • 5 Days on Market
  • MLS # : AR20241772
  • Updated Date : 11/18/2020 at 13:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

Deasy Penner Podley

Listing Agent's Description

Welcome home to this impeccable updated single story located on a quiet cul-de-sac. This pride of ownership home offers four bedrooms and one and three quarter baths in 1906 square feet of living space on a 7777 square foot lot. Spacious living room with eating area and a fireplace, light and bright remodeled kitchen with a breakfast bar that opens to the formal dining area and spacious backyard patio perfect for entertaining. The master bedroom features an updated three quarter bath and large closet. Backyard features a pool and spa, generous grass area, large side yard area with the possibility of R.V. parking and two car attached garage. This home has been tastefully updated within the last two years including new flooring throughout, custom interior paint, exterior paint and a new HVAC system. Come see this turnkey home you won’t be disappointed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Sycamore Elementary School Primary Regular 452 18 7
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 18
7
GreatSchools Rating

Pioneer Junior High School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 37
9
GreatSchools Rating

Upland High School

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

$602,100$735,900$669,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,468
Property Tax -$624
Property Insurance -$73
Property Management Fees -$158
CASH FLOW
-$654

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.

$669,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,678

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,6004$2,6705$2,850
$2,850
RENT COMPS ANALYSIS
  • 1310 Brenda Court Upland, CA 4
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.40
    •  
  • 1408 W 14th Street Upland, CA 1
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.47
    •  
  • 1596 Glenwood Way Upland, CA 2
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1977
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
  • 1293 Brenda Court Upland, CA 3
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1974
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.48
    •  
  • 1228 Diana Court Upland, CA 5
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.40
    •  
PROPERTY LISTING DETAILS
Linda Medley
Deasy Penner Podley
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20241772
Last Updated: 11/18/2020
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