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1421 Francis Avenue Upland, CA 91786

4 Beds 2 Baths 1,895 sqft Built 1957

INVESTimate

$588,888

List Price

$2,690

$2,440 - $2,940

Rent Est.

$624,634  ( +6.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $310.76
  • 6 Days on Market
  • MLS # : IV20172312
  • Updated Date : 08/21/2020 at 21:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,895 sqft
  • Baths : 2 full
Listing Agent

All Nations Realty & Invs

Listing Agent's Description

New Listing! Welcome to prestigious Upland Community in a well established developed tree lined street. This SINGLE STORY 4 bedroom 2 bath home has an addition that could be used as a game room, great room or so much more! Working on verifying square footage. This may be larger than 1,895 Sq. Feet. We will be measuring and checking for permits. With some definite deferred maintenance, this home could be your castle with the right touch! Take a break from the heat in the pool as is, or customize it and put in a waterfall and grotto so you can enjoy all your friends in this huge back yard! Location Location Location is key to this diamond in the rough. Will it be yours? Come see it quickly because this one wont last! More description and professional photography to follow...

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
Sierra Vista Elementary School Primary Regular 438 17 6
Sierra Vista Elementary School Middle Regular 438 17 6
Upland High School High Regular 3,456 137 7

Sierra Vista Elementary School

  • Education Level: Primary
  • # of students: 438
  • # of teachers: 17
6
GreatSchools Rating

Sierra Vista Elementary School

  • Education Level: Middle
  • # of students: 438
  • # of teachers: 17
6
GreatSchools Rating

Upland High School

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

$529,999$647,777$588,888

PURCHASE PRICE

$2,421$2,959$2,690

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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 $2,690
EXPENSES Loan Payment -$2,173
Property Tax -$550
Property Insurance -$73
Property Management Fees -$159
CASH FLOW
-$264

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.

$588,888

PROJECTED PRICE

$2,690

PROJECTED RENT

0.46%

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$161,805

INVESTMENT

$161,805

Down Payment
$147,222
Rehab Estimate
$5,750
Closing Costs
$8,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,222
Loan Amount $441,666
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$22,218

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,776

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,7503$2,8004$2,8005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1421 Francis Avenue Upland, 1
    • 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.42
    •  
  • 1275 N 1st Avenue Upland, 2
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1960
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.40
    •  
  • 859 Carson Street Upland, 3
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 1965
    property image
    LEASED 04/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 1679 N 2nd Avenue Upland, 4
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1962
    property image
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.52
    •  
  • 588 W 17th Street Upland, 5
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
PROPERTY LISTING DETAILS
Roland Corral
All Nations Realty & Invs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20172312
Last Updated: 08/21/2020
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