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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $331.96
- 7 Days on Market
- MLS # : CV21026326
- Updated Date : 02/10/2021 at 05:09
CONSTRUCTION
- Beds : 5
- Floor Size : 2,184 sqft
- Baths : 3 full
Listing Agent
Trec Homes Inc.
Listing Agent's Description
Charming west facing 5 Bedrooms 3 Bath traditional home located on a quiet cul-de-sac in North Upland. Super Sharp, two-story home has been beautifully remodeled through out the years and has been lovingly maintained. This house offers a family room with fireplace, dining room, Kitchen, 2 bedroom and bathroom downstairs. Three bedrooms including the master and 2 bathrooms upstairs. Walk out and enjoy the covered patio and large back yard. Great for entertaining and family fun. This is the one to see do not miss this one. Beautifully maintained and upgraded home in one of the most desirable neighborhoods in Upland
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Upland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,920 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$677 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$172 | |
|
CASH FLOW
-$527
|
||
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.
$725,000
PROJECTED PRICE
$2,920
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
2
YEARS SAVED
$9,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,920
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$2,916
COMP ESTIMATED VALUE -
$1.34
COMP AVG. RENT PER SQFT
Comps Range
-
1908 Abbie Way Upland, CA 1
- 5 beds 3 baths ∙ 2,184 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,184 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $2,920
- $1.34
-
1845 Mulberry Way Upland, CA 2
- 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,925
- $1.29
-
904 W 20th Street W Upland, CA 3
- 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
-
2196 N Albright Avenue Upland, CA 4
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1975
LEASED 03/16/20- Rent
- Rent Per SQFT
- $3,150
- $1.33
-
2109 N San Antonio Avenue Upland, CA 5
- 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1973
LEASED 02/05/21- Rent
- Rent Per SQFT
- $3,200
- $1.38
PROPERTY LISTING DETAILS
Trec Homes Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21026326
Last Updated: 02/10/2021
