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1866 Plan Tree Dr Upland, CA 91784

4 Beds 3 Baths 2,362 sqft Built 2018

$689,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $291.70
  • 3 Days on Market
  • MLS # : SB21051467
  • Updated Date : 03/12/2021 at 09:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,362 sqft
  • Baths : 3 full
Listing Agent

Gac Real Estate Solutions

Listing Agent's Description

Beautiful furnished home now available in city of Upland at Westridge at Sycamore Hills. The Avenue Plan 3 offers 2,362 Square Feet with 4 bedrooms and 3 bathrooms. Off the entryway is the downstairs guest bedroom, which comes complete with a fully-equipped bathroom and its own closet. Further down the hall is the stairway to the second level, as well as doors to the two-car garage. At the end of the entrance hall is a roomy open-plan great room. The open-concept layout gives you an easy flow into a dining area and the kitchen. With sleek countertops, a sizable island and spacious cabinets, you have everything you need for both formal dinner parties or quick weeknight fare. Upstairs, you’ll immediately be greeted by a bonus room, ideal for viewing movies, playing games, or just unwinding from a long day. A laundry room as well as two more bedrooms, are only steps away. Both share a well-appointed bathroom. You and your significant other will have the master bedroom all to yourselves, with two walk-in closets and a master bath featuring a soaking tub, shower with bench, and dual sinks. Westridge at Sycamore Hills will provide sought-after new Upland single-family homes in a brand new, highly walkable master-plan! An amenity center with a lap pool, tot lot and barbecues and plenty of sidewalks to connect you to all of it. Close distance to Wholefoods, pharmacy, restaurants, shopping, etc.

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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
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

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

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,393
Property Tax -$634
Property Insurance -$84
HOA -$167
Property Management Fees -$174
CASH FLOW
-$502

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

$2,950

PROJECTED RENT

0.43%

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

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

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

$2,393

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$8,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,935

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,9004$2,9505$3,050
$3,050
RENT COMPS ANALYSIS
  • 1866 Plan Tree Dr Upland, CA 4
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.25
    •  
  • 1510 Johnson Court Upland, CA 1
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2017
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.10
    •  
  • 851 Brynlee Pl. Upland, CA 2
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2019
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.32
    •  
  • 865 Harvest Avenue Upland, CA 3
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2018
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.30
    •  
  • 889 Harvest Ave Upland, CA 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2019
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.25
    •  
PROPERTY LISTING DETAILS
Hiro Shiono
Gac Real Estate Solutions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21051467
Last Updated: 03/12/2021
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