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1438 Francis Avenue Upland, CA 91786

4 Beds 1 Baths 1,332 sqft Built 1957

$595,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $446.70
  • 4 Days on Market
  • MLS # : AR21024020
  • Updated Date : 02/04/2021 at 16:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,332 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker George Realty

Listing Agent's Description

Welcome to this beautiful and immaculate house in Upland. This is a single-story home in a quiet neighborhood with a 3-Bedrooms and 2-Bathrooms and a huge 9,870 sqft lot. It comes with a newly remodeled kitchen with new cabinets and countertops. The house also has new windows, a new central A/C, an electrical panel, copper plumbing, and recessed lightings. It is located nearby shopping centers, restaurants, schools, recreational parks, freeways, and great mountain views.

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
Upland Junior High School Middle Regular 877 38 3
Upland High School High Regular 3,456 137 7

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
 

$535,500$654,500$595,000

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 -$2,067
Property Tax -$555
Property Insurance -$59
Property Management Fees -$127
CASH FLOW
-$658

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.

$595,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.36%

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$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,126

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
  • $1.61

    LIST RENT PER SQFT
  • $2,141

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,4503$2,4854$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 1438 Francis Avenue Upland, CA 1
    • 4 beds 1 baths ∙ 1,332 Sqft ∙ Built 1957 4 beds 1 baths ∙ 1,332 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.61
    •  
  • 7425 Carnelian Street Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.61
    •  
  • 1333 N Ukiah Way Upland, CA 3
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $1.60
    •  
  • 876 W Emory Court Upland, CA 4
    • 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1962
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.61
    •  
  • 880 Emily Court Upland, CA 5
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1975
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.61
    •  
PROPERTY LISTING DETAILS
Thanh Le
Coldwell Banker George Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR21024020
Last Updated: 02/04/2021
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