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1998 Moonbeam Circle Upland, CA 91784

4 Beds 3 Baths 1,951 sqft Built 1988

$629,900

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $322.86
  • 7 Days on Market
  • MLS # : SW21031560
  • Updated Date : 02/17/2021 at 17:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,951 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Lajolla

Listing Agent's Description

Gorgeous turnkey cul-de-sac home in the highly desirable neighborhood of Looking Glass Estates! Step into this expansive home with soaring ceilings and gas fireplace. Open layout floor plan with a newly updated floors and fresh paint throughout the entire downstairs. The recently remodeled kitchen features quartz countertops, gorgeous tile backsplash, soft close doors & drawers, and matching appliances. Master suit is separate from the rest of the bedrooms providing ample privacy and has its own large balcony. The third and fourth bedrooms also have a balcony that spans across the two of them. The large backyard provides for lot of room for entertaining and multiple access points in and out of the house. Additionally this home has dual pane windows & shutters. The community of Looking Glass Estate features a community park, pool, and tennis court.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,188
Property Tax -$582
Property Insurance -$74
HOA -$200
Property Management Fees -$158
CASH FLOW
-$532

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.

$629,900

PROJECTED PRICE

$2,670

PROJECTED RENT

0.42%

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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

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 $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,834

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,7503$2,7954$2,8505$3,400
$3,400
RENT COMPS ANALYSIS
  • 1998 Moonbeam Circle Upland, CA 1
    • 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.37
    •  
  • 2255 Wisteria Upland, CA 2
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1985
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.44
    •  
  • 1531 Moonridge Court Upland, CA 3
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1988
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.41
    •  
  • 880 Kimberly Court Upland, CA 4
    • 4 beds 1 baths ∙ 1,926 Sqft ∙ Built 1973 4 beds 1 baths ∙ 1,926 Sqft ∙ Built 1973
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.48
    •  
  • 1866 Wilson Avenue Upland, CA 5
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1981
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.48
    •  
PROPERTY LISTING DETAILS
Brian Cane
Keller Williams Realty Lajolla
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21031560
Last Updated: 02/17/2021
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