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1376 Augusta Drive Upland, CA 91786

3 Beds 3 Baths 1,993 sqft Built 1994

$615,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $308.58
  • 5 Days on Market
  • MLS # : CV21006126
  • Updated Date : 01/22/2021 at 16:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,993 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Free Realty

Listing Agent's Description

Welcome home to this original owner, gorgeous golf course view home located in the Upland Hills Estates gated community. Located on the 16th putting green, this home features 1,993sf of living space on 2 levels. This home is attached on 1 garage wall and the living space is not attached. Downstairs features a formal living room, formal dining room, remodeled kitchen, family room w/fireplace, and 1/2 bath. Upstairs features 3 large bedrooms, 2 full bathrooms w/bonus loft area. There is an indoor laundry room w withwasher & dryer hookups. The backyard features a covered patio area, 2 fountains, and an unobstructed view of the 16th hole putting green. This is the perfect place to start your morning cup of coffee or end the day with a glass of wine and enjoy the parklike scenery. Partial upgrades include laminate flooring & newer baseboards downstairs, remodeled kitchen w/stainless KitchenAid appliances, granite countertops, enlarged bar area, pendant lighting, built-in shelving/storage, upgraded high SEER energy-efficient air conditioning system, overhead garage storage w/pull-down stair access, upgraded bathroom tile flooring, bathroom built-in shelving, and interior doorknobs. This home also has an interior fire sprinkler system & exterior block walls w/iron side gate. The association includes the gated community w/private roads, water & trash service, community landscaping incl. front yard maintenance, 3 pools & spas, tennis courts, exterior painting, and roof maintenance.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Upland Hills Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k644k

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

Neighborhood: Upland Hills Country Club

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
Foothill Knolls Elementary School Primary Regular 447 19 5
Foothill Knolls Elementary School Middle Regular 447 19 5
Upland High School High Regular 3,456 137 7

Foothill Knolls Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 19
5
GreatSchools Rating

Foothill Knolls Elementary School

  • Education Level: Middle
  • # of students: 447
  • # of teachers: 19
5
GreatSchools Rating

Upland High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,136
Property Tax -$564
Property Insurance -$75
HOA -$330
Property Management Fees -$160
CASH FLOW
-$556

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.

$615,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$1.6M$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,735

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,7004$2,7005$2,710
$2,710
RENT COMPS ANALYSIS
  • 1376 Augusta Drive Upland, CA 5
    • 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.36
    •  
  • 768 Dylan Drive Upland, CA 1
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2014
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.35
    •  
  • 1535 Upland Hills Drive S Upland, CA 2
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 1998
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.27
    •  
  • 8399 Derfer Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.45
    •  
  • 1228 Scenic View Street Upland, CA 4
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
PROPERTY LISTING DETAILS
Joey Ortega
Home Free Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21006126
Last Updated: 01/22/2021
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