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847 Brynlee Pl. Upland, CA 91786

5 Beds 3 Baths 2,230 sqft Built 2019

$658,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $295.07
  • 2 Days on Market
  • MLS # : TR21047404
  • Updated Date : 03/06/2021 at 19:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,230 sqft
  • Baths : 3 full
Listing Agent

Imax Realty & Mortgage Inc.

Listing Agent's Description

This beautiful, built in 2019, 5 Bedroom, 3 Bath, 2230 square foot home is located in the gated master-planned community of Springtime at Harvest. With close proximity to the acclaimed Claremont Colleges along with easy access to Orange, Los Angeles and San Bernardino counties via I-10, I-210, 60 and 57 Freeways, this home is in a great location. One of these beautiful bedrooms is located downstairs near a full bathroom, which is perfect for guests and older family members. Some other features include: new gas range, microwave hood combination, and dishwasher, 9 ft. first floor ceilings, upgraded recessed lights, Carrier Cor Wi-fi Thermostat, upgraded Bella Quartz kitchen counters with 6" backsplash, KB Home's Select Home Network Package with extra network and phone outlets, upgraded Uniontown Oak specialty wood, white thermafoil cabinets, dual sinks in master bath, along with energy efficient features such as: door weather stripping, tankless water heater, dual glazed vinyl windows, and much more. This home has over $20,000 worth of builder option upgrades! Along with all these amazing features, this unique community has a community garden, run by residents, that has edible, organic plants and exclusive recreation center with kitchen, pool, spa, fitness center, and BBQ area. This brand new Springtime at Harvest home located in a prime location and a safe, quiet community. This opportunity is a must see and won't last long!

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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
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
 

$592,200$723,800$658,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,285
Property Tax -$643
Property Insurance -$81
HOA -$299
Property Management Fees -$170
CASH FLOW
-$599

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.

$658,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.44%

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

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$180,120

INVESTMENT

$180,120

Down Payment
$164,500
Rehab Estimate
$5,750
Closing Costs
$9,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,500
Loan Amount $493,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,821

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$2,9003$2,9004$2,9505$3,050
$3,050
RENT COMPS ANALYSIS
  • 847 Brynlee Pl. Upland, CA 1
    • 5 beds 3 baths ∙ 2,230 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,230 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.29
    •  
  • 2368 Yasamin Place Upland, CA 2
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2017
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.19
    •  
  • 865 Harvest Avenue Upland, CA 3
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2018
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.30
    •  
  • 2331 Helen Ave Upland, CA 4
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2017
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.32
    •  
  • 889 Harvest Ave Upland, CA 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2019
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.25
    •  
PROPERTY LISTING DETAILS
Matthew Hsu
Imax Realty & Mortgage Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21047404
Last Updated: 03/06/2021
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