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.
Call us: 877-324-6904
Contact Our Agent
2389 Hercules Dr, Los Angeles, CA 90046
Property price: $2,325,000 + Closing costs
- 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%
Real Estate Investments
877-324-6904
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
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: 877-324-6904
Fax-877-282-8028