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390 W 14th Street Upland, CA 91786

4 Beds 3 Baths 2,778 sqft Built 1967

$799,900

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1967
  • Price/Sqft : $287.94
  • 45 Days on Market
  • MLS # : CV20201211
  • Updated Date : 11/05/2020 at 11:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,778 sqft
  • Baths : 3 full
Listing Agent

Re/max Champions

Listing Agent's Description

Beautiful extremely well maintained home, recent remodel that includes new windows and sliding door, 2 of the bathrooms remodeled with new custom cabinets and granite counter tops, Plantation Wood Shutters on all windows, New cement backyard and pool deck just done in 2020, also new sprinkler and drip system done in 2020, 2 car carport in front of the 2 gar garage, Beautiful landscaping everywhere, gourmet kitchen for feeding the relatives or all your friends, covered patio leading out to the in ground pool perfect for our hot summers, private back yard, This is one beautiful home that anyone would LOVE to call home!

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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
Magnolia Elementary School Primary Regular 612 26 7
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 26
7
GreatSchools Rating

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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,951
Property Tax -$747
Property Insurance -$94
Property Management Fees -$171
CASH FLOW
-$1,063

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.

$799,900

PROJECTED PRICE

$2,900

PROJECTED RENT

0.36%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,917

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,9003$2,9004$3,000
$3,000
RENT COMPS ANALYSIS
  • 390 W 14th Street Upland, CA 3
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
  • 1441 N Pinebrook Avenue Upland, CA 1
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1987
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.98
    •  
  • 1627 Wilson Avenue Upland, CA 2
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1978
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
  • 949 W Cumberland Street Upland, CA 4
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1972
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Scott Jones
Re/max Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20201211
Last Updated: 11/05/2020
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