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874 Juliet Court Upland, CA 91784

6 Beds 3 Baths 2,606 sqft Built 1973

INVESTimate

$835,000

List Price

$3,410

$3,160 - $3,660

Rent Est.

$885,685  ( +6.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $320.41
  • 5 Days on Market
  • MLS # : CV20172504
  • Updated Date : 08/25/2020 at 14:18
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,606 sqft
  • Baths : 3 full
Listing Agent

Kw College Park

Listing Agent's Description

Beautiful Home in a very desirable area of Upland, pride of ownership, a rare find of 6 bedrooms one story home on a big lot with room to expand in the back yard. Open floor plan perfect for entertaining, open to granite counter top kitchen, leading to a lovely back yard that provide privacy and enjoyment of outdoors. Must see ,,,

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Valencia Elementary School Primary Regular 603 23 8
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Valencia Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 23
8
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
 

$751,500$918,500$835,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,081
Property Tax -$766
Property Insurance -$90
Property Management Fees -$201
CASH FLOW
-$728

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.

$835,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.07%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $3,353

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,2003$3,4004$3,410
$3,410
RENT COMPS ANALYSIS
  • 874 Juliet Court Upland, 4
    • 6 beds 3 baths ∙ 2,606 Sqft ∙ Built 1973 6 beds 3 baths ∙ 2,606 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.31
    •  
  • 1627 Wilson Avenue Upland, 1
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1978
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
  • 1395 N Euclid Avenue Upland, 2
    • 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 1956 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 1956
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.34
    •  
  • 1866 Wilson Avenue Upland, 3
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1981
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.48
    •  
PROPERTY LISTING DETAILS
Yassin Suede
Kw College Park
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20172504
Last Updated: 08/25/2020
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