Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $362.47
- 3 Days on Market
- MLS # : CV21018709
- Updated Date : 01/30/2021 at 20:24
CONSTRUCTION
- Beds : 5
- Floor Size : 2,174 sqft
- Baths : 1 full , 1 half
Listing Agent
Help-u-sell Prestige Prop's
Listing Agent's Description
Highly desirable SINGLE story pool/spa home, immaculate & turnkey! Featuring 5 bedrooms & 2.5 bathrooms on a generous 10,115 sq foot lot, this home will impress! Boasting great curb appeal, attractively designed mature landscape & pavers. Upgraded double door entry leads to the formal living room which enjoys elegant new ceramic plank tile flooring, recessed lights, shutters & fireplace to enjoy on a cool winter evening. Formal dining area has views to the private backyard. Remodeled kitchen w/light toned wood cabinetry, tile flooring, plentiful storage, corian counter tops, high end viking oven & breakfast nook dining. Kitchen opens to the family room. Master bedroom w/on-suite bath, new flooring, ceiling fan & upgraded closet built ins. 5th bedroom currently used as an office, extensive built in's including desk & extra counter space-a perfect home office that also has private access to the backyard. All baths have been upgraded including vanities, counter tops & flooring. Backyard is an entertainers delight, gorgeous swimming pool & spa, redone in 2015 with stacked rock detailing. Other backyard upgrades include pavers, spacious covered patio w/ceiling fans for outdoor dining & block wall fencing that allows for utter privacy. Large lawn area & side yard w/2 storage sheds. 3 car garage has multiple built in cabinets & work area. Other notables: dual pane windows, sliders, new interior doors, newer roof, newer heating/air, re-piped, newer interior paint & baseboards.
SEE MORE
MARKET HIGHLIGHTS
- 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.
- 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)
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$2,737 |
| Property Tax | -$735 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$169 | |
|
CASH FLOW
-$861
|
||
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.
$788,000
PROJECTED PRICE
$2,860
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$214,570
LOAN DETAILS
$2,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $197,000 |
| Loan Amount | $591,000 |
0.58
YEARS SAVED
$1,716
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,860
LIST RENT -
$1.32
LIST RENT PER SQFT
-
$2,989
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
-
930 Carson Street Upland, CA 2
- 5 beds 2 baths ∙ 2,174 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,174 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $2,860
- $1.32
-
1228 Diana Court Upland, CA 1
- 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1977
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,850
- $1.40
-
1845 Mulberry Way Upland, CA 3
- 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1975
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,925
- $1.29
-
904 W 20th Street W Upland, CA 4
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981
LEASED 09/25/20- Rent
- Rent Per SQFT
- $2,950
- $1.34
-
588 W 17th Street Upland, CA 5
- 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1970
LEASED 06/25/20- Rent
- Rent Per SQFT
- $3,300
- $1.47
PROPERTY LISTING DETAILS
Help-u-sell Prestige Prop's
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21018709
Last Updated: 01/30/2021
