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673 Sawyer Place Upland, CA 91786

3 Beds 4 Baths 1,839 sqft Built 2017

$485,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $263.73
  • 5 Days on Market
  • MLS # : WS21016711
  • Updated Date : 01/27/2021 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,839 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Signature Rlty

Listing Agent's Description

New 2017 multi-level town home in impeccable condition with all the comforts you need. The builder did a beautiful job designing this community considering the Mountain View. Each home is a timeless contemporary style you’ll love! The first level offers direct garage access, and a room for an office or additional bedroom. Accommodations include a private patio, ADA compliant full bathroom, and custom shades. The second level opens to a bright and airy family room that showcases a chic modern kitchen featuring stainless steel appliances. Notice how the white cabinetry compliments the sleek stone granite countertops. The pantry room has an extra area for storage or create a your own morning coffee station. Enjoy that morning coffee just off the living room balcony with a nice community view. Entertain often?...Don’t worry about visitors using your personal bathroom, this floor offers a guest bath for the occasion. The third level has 2 large master suites equipped with deep walk-in closets, double sinks, and more views! Between the masters is a quaint laundry room with storage. Each floor gets beautiful natural light and has an open feel. Windows come with custom plantation shutters that contrast the lovely wood floor and light color carpet. Living here means you’ll have a daily view of the San Gabriel mountains, and a place to relax and hang out in the community pool or by the BBQ pits. Minutes away is Target, restaurants, the mall and 10/210 freeway access.

SEE MORE

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
Upland Junior High School Middle Regular 877 38 3
Upland High School High Regular 3,456 137 7

Upland Junior High School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 38
3
GreatSchools Rating

Upland High School

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

$436,500$533,500$485,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,685
Property Tax -$442
Property Insurance -$72
HOA -$292
Property Management Fees -$148
CASH FLOW
-$138

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.

$485,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,501

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,5004$2,5955$2,700
$2,700
RENT COMPS ANALYSIS
  • 673 Sawyer Place Upland, CA 3
    • 3 beds 4 baths ∙ 1,839 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,839 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.36
    •  
  • 629 Sawyer Place Upland, CA 1
    • 3 beds 4 baths ∙ 1,839 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,839 Sqft ∙ Built 2017
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.25
    •  
  • 1077 Venice Way Upland, CA 2
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
  • 5014 Birch Street Montclair, CA 4
    • 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
    •  
  • 776 Central Avenue Upland, CA 5
    • 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2018
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.37
    •  
PROPERTY LISTING DETAILS
May Tseng
Keller Williams Signature Rlty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21016711
Last Updated: 01/27/2021
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