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 CMA model.
Status:For sale
Year Built:1992
SF:6,745sqft (626.63sqm)
Lot size:0.4acres (17,424sqft)
Bedrooms:5
Bathrooms:6
Garage/Parking:Garage
Heating:Yes
Central air:Yes
Financial details
Monthly Rent:$11,952.18
Expected Monthly Fee For Short Terms Rentals:$25,998.37
Annual Gross Rent:$311,980.38
Annual Property Tax:$31,197.91
Annualy estimated insurance:$2,599.81
Annual Garden Maintenance:$2,000
Live In Maid:$30,000
Other Expenses (Maintenance):$12,000
Total Annual Expenses:$77,797.72
Net Income Without Funding:$234,182.66
Net Annual Return:8.52%
Financial Expenses
60% Loan To Property Price:$1,649,400
Equity:$1,099,600
Expected Interest:4% fixed for 30 years
Monthly Return:$10,871
Annual Return:$130,452
Annual Interest Return:$86,947.13
Annual Principal Return:$43,504.87
Net Income After Financing Expenses:$103,730.66
Net Income After Financing Expense and Principal Return:$147,235.54