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2340 W Cantina Way, Palm Springs, CA 92264

Property price: $1,525,000 + Closing costs
sold3
Luxury home in Los Angeles with a high yield and a high potential for improvement
The investor is required to put down 40 % with 60% bank financing with 4%-5% interest .
Option to purchase with the CLA model.
  • Status: Sold
  • Year Built: 1993
  • SF: 5,872sqft
  • Lot size: 0.31Acres (1,254.52sqft)
  • Bedrooms: 5
  • Bathrooms: 8
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Pool: Yes
  • Roof top Terrace: Yes
  • Financial details

  • Monthly Rent: $10,314
  • Expected Monthly Fee For Short Terms Rentals: $20,628
  • Annual Gross Rent: $247,536
  • Annual Property Tax: $23,437
  • Annualy estimated insurance: $1,875
  • Annual Pool Maintenance: $2,000
  • Annual Garden Maintenance: $2,000
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): $12,000
  • Total Annual Expenses: $71,312
  • Net Income Without Funding: $176,224
  • Net Annual Return: 9.39%
  • Financial Expenses

  • 60% Loan To Property Price: $1,125,000
  • Equity: $750,000
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: $5,370.92
  • Annual Return: $64,450.04
  • Annual Interest Return: $42,957.97
  • Annual Principal Return: $21,493.06
  • Net Income After Financing Expenses: $111,773.96
  • Net Income After Financing Expense and Principal Return: $133,267.02
  • Return On Equity: 17.76%
Pacific Holdings
Real Estate Investments
877-324-6904
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: 877-324-6904
Fax-877-282-8028