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:1999
SF:5,388sqft (500.56sqm)
Lot size:0.51acres (22,215.6sqft)
Bedrooms:4
Bathrooms:5
Garage/Parking:Garage
Heating:Yes
Central air:Yes
Pool:Yes
Jacuzzi:Yes
Sauna:Yes
Financial details
Monthly Rent:$10,760.88
Expected Monthly Fee For Short Terms Rentals:$23,407.04
Annual Gross Rent:$280,884.48
Annual Property Tax:$28,088.33
Annualy estimated insurance:$2,340.68
Annual Pool Maintenance:$2,000
Annual Garden Maintenance:$2,000
Live In Maid:$30,000
Other Expenses (Maintenance):$12,000
Total Annual Expenses:$76,429.01
Net Income Without Funding:$204,455.47
Net Annual Return:8.26%
Financial Expenses
60% Loan To Property Price:$1,485,000
Equity:$990,000
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:$74,003.47
Net Income After Financing Expense and Principal Return:$117,508.34