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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $440.83
- 2 Days on Market
- MLS # : CV20260296
- Updated Date : 12/19/2020 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,200 sqft
- Baths : 2 full
Listing Agent
Mitchell Realty Co.
Listing Agent's Description
Wonderful Upland Area with great Value... Features 3 Bedroom, 2 Bath, 1200 sq.ft. on a large lot that includes a freshwater pool and RV Parking. Very Darling interior with Upgraded Dual Payne Windows, New Heating / AC system, Modern wood laminate flooring and Freshly painted. Open Floor plan includes a remodeled Kitchen with granite countertop and decorative backsplash. Dining area flows nicely into the kitchen and large living room. Curb appeal? YES....Fresh concrete driveway and lush Beautiful front yard Landscaping. Price to sell today!!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Upland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,952 |
| Property Tax | -$494 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$132 | |
|
CASH FLOW
-$394
|
||
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.
$529,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$145,935
LOAN DETAILS
$1,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,250 |
| Loan Amount | $396,750 |
2.25
YEARS SAVED
$9,527
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$1.87
LIST RENT PER SQFT
-
$1,908
COMP ESTIMATED VALUE -
$1.59
COMP AVG. RENT PER SQFT
Comps Range
-
1363 5th Avenue Upland, CA 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $2,240
- $1.87
-
8348 Main Street Rancho Cucamonga, CA 1
- 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1977
![property image]()
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,200
- $1.57
-
7425 Carnelian Street Rancho Cucamonga, CA 3
- 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966
![property image]()
LEASED 08/17/19- Rent
- Rent Per SQFT
- $2,450
- $1.61
PROPERTY LISTING DETAILS
Mitchell Realty Co.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20260296
Last Updated: 12/19/2020
