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3043 Ellington Dr, Los Angeles, CA 90068

Property price: $2,179,000 + 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: 2006
  • SF: 6,780sqft
  • Lot size: 6.33 Acres ( 275,754.8 sqft)
  • Bedrooms: 3
  • Bathrooms: 4.5
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Pool: Yes
  • Jacuzzi: Yes
  • Roof top Terrace: Yes
  • Financial details

  • Monthly Rent: $10,728
  • Expected Monthly Fee For Short Terms Rentals: $21,790
  • Annual Gross Rent: $261,480
  • Annual Property Tax: $27,237
  • Annualy estimated insurance: $2,179
  • Annual Pool Maintenance: $2,000
  • Annual Garden Maintenance: $2,000
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): 12,000$
  • Total Annual Expenses: $75,416
  • Net Income Without Funding: $186,064
  • Net Annual Return: 8.53%
  • Financial Expenses

  • 60% Loan To Property Price: 1,307,400$
  • Equity: 871,600$
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: 6,242$
  • Annual Return: 74,904$
  • Annual Interest Return: 23,593$
  • Annual Principal Return: 51,311$
  • Net Income After Financing Expenses: 75,159.5$
  • Net Income After Financing Expense and Principal Return: 126,470.5$
  • Return On Equity: 14.5%
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