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1507 Vigilant Street Upland, CA 91784

3 Beds 2 Baths 2,496 sqft Built 2002

INVESTimate

$689,000

List Price

$2,820

$2,570 - $3,070

Rent Est.

$728,893  ( +5.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $276.04
  • 7 Days on Market
  • MLS # : CV20170903
  • Updated Date : 08/22/2020 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,496 sqft
  • Baths : 2 full
Listing Agent

Real Estate Hound

Listing Agent's Description

NO MELLO ROOS!!!!!! TURNKEY HOME located in a highly desirable neighborhood of the Upland Colonies. This home features 3 bedrooms with a custom built large loft that can be a 4th bedroom or office or game room, 2 baths, 2496 sq ft of open floor plan. Formal entry invites you into a large living and dining room, family room that opens to the large kitchen with island, granite countertops, double wall oven, Master bedroom on the north end of the house with additional bedrooms on the south side of the home. Laundry room with tons of storage is conveniently located by the master bedroom. Beautifully landscaped backyard. An oversized two-car garage with ample storage and is conveniently close to trail, shopping, restaurants, and freeways.

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: The Colonies

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k760k

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

Neighborhood: The Colonies

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822990

* 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
Pioneer Junior High School Middle Regular 928 37 9
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

Pioneer Junior High School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 37
9
GreatSchools Rating

Upland High School

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

$620,100$757,900$689,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,542
Property Tax -$678
Property Insurance -$88
HOA -$100
Property Management Fees -$166
CASH FLOW
-$754

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.

$689,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.79%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,020

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7003$2,7504$2,8205$3,200
$3,200
RENT COMPS ANALYSIS
  • 1507 Vigilant Street Upland, 4
    • 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.13
    •  
  • 927 Matthys Way Upland, 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2015
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.11
    •  
  • 822 Christian Court Upland, 2
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2015
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 761 Matthys Way Upland, 3
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.18
    •  
  • 1748 Eastgate Avenue Upland, 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1993
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.39
    •  
PROPERTY LISTING DETAILS
Fernando Ayala
Real Estate Hound
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20170903
Last Updated: 08/22/2020
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