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8579 Walnut Dr, Los Angeles, CA 90046

Property price: $1,525,000 + Closing costs
sold3
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: Sold
  • Year Built: 1989
  • SF: 3,127sqft
  • Lot size: 6,155sqft
  • Bedrooms: 3
  • Bathrooms: 3.5
  • Garage/Parking: Garage
  • Heating: Yes
  • Central air: Yes
  • Roof top Terrace: Yes
  • Financial details

  • Monthly Rent: $7,103
  • Expected Monthly Fee For Short Terms Rentals: $15,950
  • Annual Gross Rent: $191,400
  • Annual Property Tax: $19,937.5
  • Annualy estimated insurance: $1,595
  • Annual Garden Maintenance: $2,000
  • Live In Maid: $30,000
  • Other Expenses (Maintenance): $12,000
  • Total Annual Expenses: $65,532.5
  • Net Income Without Funding: $125,867.5
  • Net Annual Return: 7.89%
  • Financial Expenses

  • 60% Loan To Property Price: $957,000
  • Equity: $638,000
  • Expected Interest: 4% fixed for 30 years
  • Monthly Return: $4,568.86
  • Annual Return: $54,826.32
  • Annual Interest Return: $36,542.908
  • Annual Principal Return: $18,283.412
  • Net Income After Financing Expenses: $71,041.18
  • Net Income After Financing Expense and Principal Return: $89,324.592
  • Return On Equity: 14%
Pacific Holdings
Real Estate Investments
(800) 403-3407
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: (800) 403-3407
Fax-877-282-8028