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1648 Shamrock Avenue Upland, CA 91784

3 Beds 2 Baths 1,905 sqft Built 1969

$630,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $330.71
  • 3 Days on Market
  • MLS # : IV21002434
  • Updated Date : 01/08/2021 at 20:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full
Listing Agent

Movoto, Inc.

Listing Agent's Description

Beautiful single-story home with RV parking! In a quiet and well-established Upland neighborhood. This home has been impeccably maintained and offers an open floor concept. There are 3 bedrooms, 2 full bathrooms, a dining room that was opened up with a room addition to create an open living space with a fire place, and laminate flooring in the main living area. The kitchen w/dinning nook makes a perfect area to enjoy entertaining. The master bedroom leaves no disappointment with its large size. All bedrooms are a good size with closets. Indoor laundry room with washer and dryer included. There is new plumbing, new toilets, and a water purification system. The backyard is beautifully landscaped with a covered patio area which is perfect to enjoy a beautiful morning or afternoon. This home is close to area shopping, dining, and centrally located to the 210 and 10 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: 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
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,188
Property Tax -$588
Property Insurance -$73
Property Management Fees -$147
CASH FLOW
-$506

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.

$630,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

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$15k

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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,524

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4903$2,5004$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 1648 Shamrock Avenue Upland, CA 2
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.31
    •  
  • 834 W 16th Street Upland, CA 1
    • 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1975
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.29
    •  
  • 1596 Glenwood Way Upland, CA 3
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1977
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
  • 1228 Diana Court Upland, CA 4
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.40
    •  
  • 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
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.34
    •  
PROPERTY LISTING DETAILS
Velia Kraak
Movoto, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21002434
Last Updated: 01/08/2021
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