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915 W 20th Street 
Upland, CA
91784
3 Beds 2 Baths 2,453 sqft
Built 1983
INVESTimate
$799,800
List Price
$217,697
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PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $326.05
- 7 Days on Market
- MLS # : CV20170387
- Updated Date : 08/25/2020 at 18:08
CONSTRUCTION
- Beds : 3
- Floor Size : 2,453 sqft
- Baths : 2 full
Listing Agent
Re/max Masters Realty
Listing Agent's Description
*INERIOR PHOTOS COMING SOON* // CONTEMPORARY SINGLE STORY POOL HOME W/CUSTOM REMODELING THROUGHOUT. Front yard w/grass, stone walkway, planters & a spacious driveway w/gated RV parking. Double door entry opens to raised 9' ceilings & custom low sheen concrete flooring which run through family rm, kitchen & hallways. Living rm offers carpeted floors, a radius stainless steel fireplace, vaulted ceilings, flush mounted in-ceiling surround speakers, designer fan & an adjacent formal dining rm w/chandelier & bay window. Great rm features custom kitchen w/radius faced maple cabinetry, cantilevered concrete bar/countertops, 36" Thermador range w/6 burners, Kitchen Aid appliances w/wine fridge, trash compactor, instant hot water dispenser, & a concealed Jupiter Melody alkaline water ionizer. Family rm w/custom wood paneling, surround sound, a wall of view glass w/remote controlled obscurity shades, ceiling fans, floating bar & shelves w/pendant lighting. Primary bdrm w/vaulted ceilings, dual fans, vaulted ceilings, wood shutters & backyard access. Primary bath w/pebble finish floors, dual sinks, walk-in shower w/glass surround & a cedar lined walk-in closet. Two additional spacious bdrms & a hall bath w/stainless & smoked glass pedestal sink & tiled shower/jetted tub. Indoor laundry w/ storage & direct access to three car garage. Resort like backyard w/pool, removable safety gate, pebble decking, built-in BBQ, sail shades, surround sound, patio areas, grass a fenced side yard.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Upland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,050 |
| EXPENSES | Loan Payment | -$2,951 |
| Property Tax | -$734 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
-$901
|
||
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.
$799,800
PROJECTED PRICE
$3,050
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$217,697
LOAN DETAILS
$2,951
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,950 |
| Loan Amount | $599,850 |
0.67
YEARS SAVED
$2,724
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,050
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$3,262
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
915 W 20th Street Upland, 2
- 3 beds 2 baths ∙ 2,453 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,453 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $3,050
- $1.24
-
1845 Mulberry Way Upland, 1
- 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975
LEASED 12/19/19- Rent
- Rent Per SQFT
- $2,825
- $1.25
-
2196 N Albright Avenue Upland, 3
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1975
LEASED 03/16/20- Rent
- Rent Per SQFT
- $3,150
- $1.33
-
1227 Jacaranda Place Upland, 4
- 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1989
LEASED 06/19/20- Rent
- Rent Per SQFT
- $3,395
- $1.34
-
929 Darlene Court Upland, 5
- 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1978
LEASED 07/17/20- Rent
- Rent Per SQFT
- $3,499
- $1.40
PROPERTY LISTING DETAILS
Re/max Masters Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20170387
Last Updated: 08/25/2020
