3646 Potosi Ave, Studio City, CA 91604

Address: 3646 Potosi Ave
City: Los Angeles
State/county: California
Zip/Postal Code: 91604
Country: United States

Description

Financial Details:

Monthly Rent:	$8,000
Expected Monthly Fee For Short Terms Rentals:	$16,000
Annual Gross Rent:	$192,000
Annual Property Tax:	$17,188
Annualy estimated insurance:	$1,375
Annual Pool Maintenance:	$2,000
Annual Garden Maintenance:	$2,000
Live In Maid:	$30,000
Other Expenses (Maintenance):	$12,000
Total Annual Expenses:	$62,563
Net Income Without Funding:	$129,438
Net Annual Return:	9.40%

Financial Expenses:

60% Loan To Property Price:	$839,999
Equity:	$560,000
Expected Interest:	4% fixed for 30 years
Monthly Return:	$4,010
Annual Return:	$48,120
Annual Interest Return:	$33,328
Annual Principal Return:	$14,792
Net Income After Financing Expenses:	$81,318
Net Income After Financing Expense and Principal Return:	$96,109
Return On Equity:	17.16%

Enjoy hillside living at its best in this recently upgraded Mediterranean style home overlooking the hills. Newly improved with copper plumbing, Italian porcelain tile and hardwood floors, Caesarstone countertops, and stainless steel appliances, this property offers an enchanting and unforgettable space to call home. Distinctive double-height ceilings make the formal living room feel open and airy. With views of the hills from almost every room, this evocative space entices any guest and provides the ideal backdrop for modern living. The tastefully and classically designed master suite with fireplace, sitting area, walk-in closet, and spacious master bath complete with double vanities, soaker tub, and incredible views await and provide comfort and relaxation. Entertain in style in the formal dining room with comfortable space for a table of six, or prepare a casual meal in the spacious eat-in kitchen. This sophisticated and stylish home is truly a must-have.