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