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2480 Trojan Way Upland, CA 91786

3 Beds 3 Baths 1,865 sqft Built 2014

$589,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $315.82
  • 3 Days on Market
  • MLS # : CV20234672
  • Updated Date : 11/06/2020 at 13:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wheeler Steffen Sotheby's Int.

Listing Agent's Description

Turnkey Corner Property in College Park! Property is ready to move in! Convenient corner location allows for easy come-easy go to and from the property. Desirable floor plan with the kitchen opening to the eating area and living room space. High ceilings downstairs add the the open feel of the property. Kitchen with center island includes all appliances. All bedrooms are on the upstairs level, as well as an open loft area, and laundry room for convenient access. Beautiful views of the San Gabriel mountains through double high stairway windows, as well as from the north facing bedrooms. Private back patio with drought tolerant plants and attractive ironwork. Great location near the community pool/spa area that includes multiple barbecue areas for residents to enjoy. Property has been extremely well maintained and has over $40,000 in upgrades, including hardwood floors on the first floor and one bedroom upstairs, granite counters, additional recessed lighting, window coverings, and improvements to the patio. A stone's throw away from the Claremont Colleges, and downtown Claremont Village shopping, dining and entertainment.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Cabrillo Elementary School Primary Regular 750 28 5
Cabrillo Elementary School Middle Regular 750 28 5
Upland High School High Regular 3,456 137 7

Cabrillo Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 28
5
GreatSchools Rating

Cabrillo Elementary School

  • Education Level: Middle
  • # of students: 750
  • # of teachers: 28
5
GreatSchools Rating

Upland High School

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

$530,100$647,900$589,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,173
Property Tax -$579
Property Insurance -$72
HOA -$208
Property Management Fees -$156
CASH FLOW
-$548

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.

$589,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,746

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6403$2,7504$2,9905$3,000
$3,000
RENT COMPS ANALYSIS
  • 2480 Trojan Way Upland, CA 2
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.42
    •  
  • 5014 Birch Street Montclair, CA 1
    • 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2015
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.38
    •  
  • 2465 Bruin Place Upland, CA 3
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2013
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.54
    •  
  • 351 Cardinal Lane Upland, CA 4
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2011
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.48
    •  
  • 342 Cardinal Lane Upland, CA 5
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2011
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
PROPERTY LISTING DETAILS
Ryan Zimmerman
Wheeler Steffen Sotheby's Int.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20234672
Last Updated: 11/06/2020
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