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919 N 9th Avenue Upland, CA 91786

3 Beds 2 Baths 1,467 sqft Built 1950

$515,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $351.06
  • 6 Days on Market
  • MLS # : CV20246485
  • Updated Date : 11/27/2020 at 18:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,467 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Socal

Listing Agent's Description

Welcome Home to 919 N 9th Avenue! This 3 bedroom, 2 bathroom single story home has all the charming features of a mid-century modern home and is ready for you to make her yours! From the moment you pull up to the front of the home you are instantly drawn in by the tree lined street and whimsical feeling of 1950. The kitchen is well laid out and has enhanced LED lighting while keeping the charm of a 1950's kitchen, you'll appreciate the laundry being located next to the kitchen with ample storage. Both bathrooms offer a generous space to get ready for your day. The bedrooms are well sized and have ample natural lighting. A nice bonus is the newer air conditioner and ducting that was added last year for maximum comfort and efficiency. Located in a prime neighborhood, close to shopping, schools and commuter friendly. The only thing missing is YOU!

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
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,900
Property Tax -$481
Property Insurance -$63
Property Management Fees -$129
CASH FLOW
-$383

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.

$515,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.43%

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1903$2,3004$2,4505$2,485
$2,485
RENT COMPS ANALYSIS
  • 919 N 9th Avenue Upland, CA 2
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.49
    •  
  • 798 E 7th Street Upland, CA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 797 Olive Street E Upland, CA 3
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1943
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.44
    •  
  • 537 N 6th Avenue Upland, CA 4
    • 4 beds 3 baths ∙ 1,500 Sqft ∙ Built 1947 4 beds 3 baths ∙ 1,500 Sqft ∙ Built 1947
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.63
    •  
  • 1333 N Ukiah Way Upland, CA 5
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1961
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $1.60
    •  
PROPERTY LISTING DETAILS
Courtney O'steen
Keller Williams Socal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20246485
Last Updated: 11/27/2020
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