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1473 Francis Avenue Upland, CA 91786

4 Beds 2 Baths 1,624 sqft Built 1973

$638,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $392.86
  • 6 Days on Market
  • MLS # : TR21027145
  • Updated Date : 02/11/2021 at 10:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Macroreal Inv Grp Inc.

Listing Agent's Description

Don't miss out on this rare opportunity! This 4 bedroom 2 bath home with open kitchen and spacious floorplan is ideal for all family types and sits on a large 8,601sf lot complete with fire pit, pool and spa perfect for entertaining guests. Great location as well! Conveniently located in a nice, quiet neighborhood just walking distance from the park and school. Home was meticulously maintained and upgraded inside and out so Buyer can move in and enjoy immediately. The interior was fully upgraded with quartz counter tops, new cabinets, appliances, fixtures, laminate flooring, paint, new vanities, renovated showers and tubs, even brand new vinyl window and sliding door. Systems also were upgraded including garage motor, new hvac, new roof, new electric panel, brand new water heater.

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
 

$574,200$701,800$638,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,216
Property Tax -$595
Property Insurance -$67
Property Management Fees -$142
CASH FLOW
-$620

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.

$638,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.38%

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-$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$174,820

INVESTMENT

$174,820

Down Payment
$159,500
Rehab Estimate
$5,750
Closing Costs
$9,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,500
Loan Amount $478,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,594

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 1473 Francis Avenue Upland, CA 2
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.48
    •  
  • 1292 Armando Street Upland, CA 1
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.54
    •  
  • 876 W Emory Court Upland, CA 3
    • 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
    •  
  • 1069 Viewpoint Street Upland, CA 4
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1986
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.63
    •  
  • 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
Jared Leung
Macroreal Inv Grp Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21027145
Last Updated: 02/11/2021
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