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The Logan

Single Family Rental in Yucaipa, California
5 bedrooms • 5 bathrooms • 4,371 Sq. Feet

avatar
Property listed and underwritten by Joey
icon-hourglass
$1bn+ deployed

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$950,000 purchase price
The Logan appraised 7% above purchase price.
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70.00% loan-to-value
Property financed with 8.5% interest only loan.
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$180,000 projected yearly rental income
Nearby properties average between $191.8K - $282.8K in yearly rent.

The Logan Airbnb Listing: Currently Live & Renting Out


This is one of the most beautiful hilltop mountain view homes in the area. High ceilings, large floor-to-ceiling windows, and imported custom woodwork. This property boasts some of the best unobstructed views in the area on a private road with only four homes on the block. Just off the main road and down the street from all the regional parks, apple orchards, and minutes to all the shopping and dining on Yucaipa Blvd.


This mountain-style home has all brand-new windows and large sliders that open to private decks and main-floor decks. The offering boasts two primary suites with private balconies and their own ensuite bathrooms – one with a spa-jetted tub with views. The home has three levels. The grand living room has 20-foot ceilings with rustic wood beams, a catwalk that spans across the space and a grand stone fireplace which opens up to the den with a built-in bar, a guest bathroom one on end, dining room, spacious country kitchen, main entry, mud room and another guest bathroom on the other wing of the home. The second-level catwalk separates the two primary suites.


Up the open stairs you will be greeted with a nice landing lounge that features another full bathroom, a very well-appointed laundry room, two more bedrooms and another family lounge / office / workout room. So many additions to list: solar, large driveway, large drive-through garage (opens in front and back), RV parking, boat parking, a sand volleyball court, decks, and a large jacuzzi overlooking the hills. No HOA and no special assessments.


Nearby comparable properties
Nearby sales
Beds
Baths
Sq. Ft.
Date sold
Price sold
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36925 Oak Glen Rd
5
4
3.4K
Jun-24
$1M
icon-real-estate-agent
36044 Highland Ave
5
4
4.6K
Mar-24
$948K
icon-real-estate-agent
Weighted avg.
-
-
4K
--
$1.1M
icon-real-estate-agent
The Logan
5
5
4.4K
Jul-23
$950K
Nearby rentals
Beds
Baths
Sq. Ft.
Monthly rent
Yearly rent
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Airbnb 3622
5
4.5
4.2K
$23.6K
$283K
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Airbnb 2964
8
6
5.2K
$20.1K
$241K
icon-calendar
Airbnb 7104
5
3.5
4.1K
$16K
$192K
icon-calendar
Weighted avg.
-
-
4.5K
$19.9K
$239K
icon-calendar
The Logan
5
5
4.4K
$15K
$180K

What are the potential returns
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Projected value
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caret-up--
Rental income
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$84K / 4% growth
Expenses
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$32.1K / 2% growth
Appreciation
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3% growth

The property's status
Purchased Property
July 2023
Anticipated First Dividends
May 2024
The property is currently undergoing upfront improvements. The asset is furnished, with listings going live across several medium-term rental platforms including Airbnb likely in February 2024. First occupancies are planned for the end of February 2024. First dividends are planned for March 2024.

What goes into the offering
Offering Details
Purchase Price
$950,000

(-) Debt
($665,000)
Equity
$285,000
(+) Reserves & Closing Costs
$240,000

(+) mogul Platform Fee (One-Time)
$28,500
Total Offering Amount
$553,500

Where you'll be investing
Yucaipa, California
9.5%
Past 5-year Market Rent Increase
51.8%
Past 5-year Market Value Increase

Yucaipa, CA


  • Robust Fundamentals: Yucaipa, CA, has experienced steady growth in its residential real estate market, driven by its picturesque surroundings, relatively affordable housing options, and proximity to employment centers in Southern California.
  • Strong Demand: Demand for homes in Yucaipa remains strong, fueled by families seeking a suburban lifestyle with access to good schools, parks, and recreational opportunities, contributing to a competitive market environment.
  • Investment Appeal: Yucaipa's strategic location, nestled against the backdrop of the San Bernardino Mountains and offering easy access to outdoor recreation areas like Yucaipa Regional Park and Oak Glen Preserve, adds to its allure, enhancing the quality of life for residents and contributing to the desirability of its residential properties.

avatar
Property listed and underwritten by Joey
icon-hourglass
$1bn+ deployed
icon-mogul-black-sm
mogul co-founder
Prior to co-founding mogul, Joey deployed $15bn+ into high quality residential real estate for some of the most prominent institutions on Wall Street.
Other Key Personnel
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Managed by Awning
managed-by
Financed by Host Financial

Frequently asked questions