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865 N 4th Avenue Upland, CA 91786

4 Beds 2 Baths 1,400 sqft Built 1980

$539,888

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $385.63
  • 3 Days on Market
  • MLS # : IV20243475
  • Updated Date : 11/20/2020 at 11:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Nexthome Crea Real Estate

Listing Agent's Description

Welcome to your charming 4 bedroom 2 bath home. Nestle in the historic city of Upland. Moments upon arrival you find great curb appeal, 2 car garage and R.V. parking. Nice walk path to front door. As you enter your home you are greeted with a lovely open living room, dining room and kitchen area. Hardwood flooring and window shutters throughout the home. Kitchen has new shaker cabinets, sink, countertops and Island. Bathrooms have been remodeled with tile flooring, showers, vanities and mirrors. Spacious backyard with custom built woodshed and vinyl fencing. Great for hosting and entertaining. Walking distance to Upland Unified Schools. Come Tour. Fall in Love. Make an offer.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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 Elementary School Primary Regular 541 20 5
Upland Elementary School Middle Regular 541 20 5
Upland High School High Regular 3,456 137 7

Upland Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 20
5
GreatSchools Rating

Upland Elementary School

  • Education Level: Middle
  • # of students: 541
  • # of teachers: 20
5
GreatSchools Rating

Upland High School

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

$485,899$593,877$539,888

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,992
Property Tax -$504
Property Insurance -$61
Property Management Fees -$127
CASH FLOW
-$524

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.

$539,888

PROJECTED PRICE

$2,160

PROJECTED RENT

0.40%

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$148,820

INVESTMENT

$148,820

Down Payment
$134,972
Rehab Estimate
$5,750
Closing Costs
$8,098

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,972
Loan Amount $404,916
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,4003$2,4504$2,4855$2,500
$2,500
RENT COMPS ANALYSIS
  • 865 N 4th Avenue Upland, CA 1
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.54
    •  
  • 1292 Armando Street Upland, CA 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1978
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.54
    •  
  • 264 Freedom Avenue Upland, CA 3
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2000
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.47
    •  
  • 1333 N Ukiah Way Upland, CA 4
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $1.60
    •  
  • 1108 E 9th Street Upland, CA 5
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1990
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.45
    •  
PROPERTY LISTING DETAILS
Desiree Torres
Nexthome Crea Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20243475
Last Updated: 11/20/2020
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