7317 Caverna Dr, Los Angeles, CA 90068

Address: 7317 Caverna Dr
City: Los Angeles
State/county: California
Zip/Postal Code: 90068
Country: United States

Description

Financial Details:

Monthly Rent:	$12,000
Expected Monthly Fee For Short Terms Rentals:	$17,500
Annual Gross Rent:	$210,000
Annual Property Tax:	$21,112
Annualy estimated insurance:	$1,750
Annual Pool Maintenance:	$2,000
Annual Garden Maintenance:	$2,000
Live In Maid:	$30,000
Other Expenses (Maintenance):	$12,000
Total Annual Expenses:	$68,802
Net Income Without Funding:	$141,138
Net Annual Return:	8.06%

Financial Expenses:

60% Loan To Property Price:	$1,050,000
Equity:	$700,000‏
Expected Interest:	4% fixed for 30 years
Monthly Return:	$5,013‏
Annual Return:	$60,156
Annual Interest Return:	$19,429
Annual Principal Return:	$40,727
Net Income After Financing Expenses:	$80,982
Net Income After Financing Expense and Principal Return:	$121,709
Return On Equity:	17.38%

Contemporary Mediterranean entertainer in prime Hollywood Hills. This stunning five-bed, four-bath home features many of the most sought-after aspects of this coveted neighborhood: open floor plan with high ceilings and spectacular sunset views, outdoor pool and spa. Surrounded by mature trees and lush landscaping, this serene home is a true jewel in the Hollywood Hills. The spacious living room opens to a large oversized window with lovely hillside and treetop views, while the large eat-in kitchen has high-end appliances and a giant center island. Downstairs is the master bedroom with a walk-in master closet and en suite bath with an oversized shower and bathtub. Additionally, two more bedrooms and a maids quarter, laundry and storage areas. The backyard is an entertainer’s paradise with a gorgeous pool with spa and incredible canyon views. Centrally located in the highly desirable Hollywood Hills close to hiking trails, shopping, and trendy restaurants.