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2389 Hercules Dr, Los Angeles, CA 90046

Property price: $2,325,000 + Closing costs
pending
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: Pending
  • Year Built: 1976
  • SF: 4,040sqft
  • Lot size: 7,766sqft
  • Bedrooms: 5
  • Bathrooms: 4
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Pool: Yes
  • Roof top Terrace: Yes
  • Financial details

  • Monthly Rent: $9,400
  • Expected Monthly Fee For Short Terms Rentals: $23,250
  • Annual Gross Rent: $279,000
  • Annual Property Tax: $29,062
  • Annualy estimated insurance: $2,325
  • Annual Pool Maintenance: $2,000
  • Annual Garden Maintenance: $2,000
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): $12,000
  • Total Annual Expenses: $77,387
  • Net Income Without Funding: $201,613
  • Net Annual Return: 8.67%
  • Financial Expenses

  • 60% Loan To Property Price: $1,395,000
  • Equity: $930,000
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: $6,656
  • Annual Return: $79,872
  • Annual Interest Return: $25,763
  • Annual Principal Return: $54,109
  • Net Income After Financing Expenses: $121,741
  • Net Income After Financing Expense and Principal Return: $175,850
  • Return On Equity: 18.9%
Pacific Holdings
Real Estate Investments
(800) 403-3407
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: (800) 403-3407
Fax-877-282-8028