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1453 Ashley Place Upland, CA 91784

4 Beds 3 Baths 1,900 sqft Built 1985

$659,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $347.32
  • 18 Days on Market
  • MLS # : IV20228339
  • Updated Date : 11/13/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dale Freitas Realty

Listing Agent's Description

LOCATED IN A GREAT AREA OF NORTH UPLAND INCLUDING GORGEOUS MOUNTAIN VIEWS WITH 4 BEDROOMS INCLUDING HUGE MASTER BEDROOM WITH VAULTED CEILINGS PLUS LARGE WALK IN CLOSET WITH UPGRADED WOOD STORAGE DRAWER & MOST MORE, SPACIOUS MASTER BATH WITH DOUBLE VANITY SINKS, SPACIOUS LIVING ROOM AREA WITH DECORATIVE FIREPLACE & FORMAL DINING ROOM, KITCHEN HAS UPGRADED CABINETS THRU OUT, BEAUTIFUL COUNTER TOPS, VIEW OF BACKYARD FROM LARGE KITCHEN WINDOW & CONVENTIONAL DOUBLE OVEN INCLUDING 6 BURNER STOVE, VERY NICE FAMILY WITH LOTS OF ROOM, LOTS OF RECESS LIGHTING THRU OUT HOME, INDIVIDUAL LAUNDRY INSIDE PLUS 2 CAR GARAGE WITH DIRECT ACCESS WITH ADDITIONAL STORAGE AREA ADJACENT TO GARAGE, VERY NICE LANDSCAPING FRONT & BACK WITH DECORATIVE STONE WALKWAY TO FRONT DOOR, DOUBLE PANE WINDOWS THRU OUT & NEWER CENTRAL AIR & HEATING, HUGE LOT SIZE OF 9,400 SF, SELLER'S HAS DONE A LOT OF EXTRA UPGRADED TO THIS HOME LOCATED IN A GREAT COMMUNITY OF WELL MAINTAINED HOMES.

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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
Pepper Tree Elementary School Primary Regular 784 30 9
Pepper Tree Elementary School Middle Regular 784 30 9
Upland High School High Regular 3,456 137 7

Pepper Tree Elementary School

  • Education Level: Primary
  • # of students: 784
  • # of teachers: 30
9
GreatSchools Rating

Pepper Tree Elementary School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 30
9
GreatSchools Rating

Upland High School

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

$593,910$725,890$659,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,435
Property Tax -$605
Property Insurance -$73
HOA -$190
Property Management Fees -$153
CASH FLOW
-$856

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.

$659,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.39%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$180,624

INVESTMENT

$180,624

Down Payment
$164,975
Rehab Estimate
$5,750
Closing Costs
$9,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,975
Loan Amount $494,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,697

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,7504$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 1453 Ashley Place Upland, CA 2
    • 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.37
    •  
  • 1646 Carmel Circle E Upland, CA 1
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1974
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
  • 2255 Wisteria Upland, CA 3
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1985
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.44
    •  
  • 2311 Fairfield Way Upland, CA 4
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1988
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.47
    •  
  • 904 W 20th Street W Upland, CA 5
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.34
    •  
PROPERTY LISTING DETAILS
Dale Freitas
Dale Freitas Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20228339
Last Updated: 11/13/2020
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