American Fork 6-PLEX Sam Levin, REALTOR RE/MAX Equity · Cap Rate (Purchase Price) 5.2% Cash on Cash Return (Year 1) 1.7% Internal Rate of Return (Year 10) 13.7% Sale Price (Year

Property Report

American Fork 6-PLEX 777 E 550 S

American Fork, UT 84003

Presented by:

Sam Levin, REALTORRE/MAX Equity

295 W Center St, Suite AProvo, UT 84601

Mobile: (801)[email protected]

Utah Income Properties, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified.

" Better Investments " 1

OverviewAmerican Fork 6-PLEX 777 E 550 SAmerican Fork, UT 84003

Sam Levin, REALTORRE/MAX Equity(801)652-7397

[email protected]

Purchase InfoSquare Feet 6,810Initial Market Value $1,260,000Purchase Price $1,250,000Initial Cash Invested $331,250

Income Analysis Monthly AnnualNet Operating Income $5,368 $64,415Cash Flow $477 $5,730

Financial MetricsCap Rate (Purchase Price) 5.2%Cash on Cash Return (Year 1) 1.7%Internal Rate of Return (Year 10) 13.7%Sale Price (Year 10) $1,865,108

Located just East of the I-15 off of American Fork 500 East exit. This brand new Easton Park development is consisted of townhomes, flat condo apartment buildings and retail space. In the middle of the complex sits a city maintained 7 acres park with soccer field, kids ziplines, playgrounds, pavilion, picketball court, fenced dog-park & fitness room. The community layout has an open yet urbanized feel to impress your rental audience with the convenience of play. The Northern Utah economy is very robust with an unemployment rate near 3% and steady job growth. Transportation is supported through the UTA Frontrunner, bus systems, and expansion to the I-15.


Purchase AnalysisAmerican Fork 6-PLEX 777 E 550 SAmerican Fork, UT 84003


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Purchase InfoInitial Market Value $1,260,000Purchase Price $1,250,000- First Mortgage -$937,500- Second Mortgage -$0= Downpayment $312,500+ Buying Costs $18,750+ Initial Improvements $0= Initial Cash Invested $331,250Square Feet 6,810Cost per Square Foot $184Monthly Rent per Square Foot $1.15

Mortgages First SecondLoan-To-Cost Ratio 75% 0%Loan-To-Value Ratio 74.4% 0%Loan Amount $937,500 $0Loan Type AmortizingTerm 30 YearsInterest Rate 4.75%Payment $4,890.44 $0.00

Financial Metrics (Year 1)Annual Gross Rent Multiplier 13.2Operating Expense Ratio 29.6%Debt Coverage Ratio 1.10Cap Rate (Purchase Price) 5.2%Cash on Cash Return 1.7%

AssumptionsAppreciation Rate 4.0%Vacancy Rate 3.0%Income Inflation Rate 2.5%Expense Inflation Rate 3.0%LTV for Refinance 70.0%Selling Costs $88,200

Income Monthly AnnualGross Rent $7,865 $94,380Vacancy Loss -$236 -$2,831Operating Income $7,629 $91,549

Expenses (% of Income) Monthly AnnualManagement Fees (7%) -$534 -$6,408Taxes (9%) -$677 -$8,125HOA (14%) -$1,050 -$12,600Operating Expenses (30%) -$2,261 -$27,133

Net Performance Monthly AnnualNet Operating Income $5,368 $64,415- Mortgage Payments -$4,890 -$58,685- Year 1 Improvements -$0 -$0= Cash Flow $477 $5,730


Buy and Hold ProjectionAmerican Fork 6-PLEX 777 E 550 SAmerican Fork, UT 84003


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Income Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Gross Rent $94,380 $96,740 $99,158 $104,178 $117,868 $150,881 $193,140Vacancy Loss -$2,831 -$2,902 -$2,975 -$3,125 -$3,536 -$4,526 -$5,794Operating Income $91,549 $93,837 $96,183 $101,053 $114,332 $146,354 $187,346

Expenses Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Management Fees -$6,408 -$6,569 -$6,733 -$7,074 -$8,003 -$10,245 -$13,114Taxes -$8,125 -$8,369 -$8,620 -$9,145 -$10,601 -$14,247 -$19,147HOA -$12,600 -$12,978 -$13,367 -$14,181 -$16,440 -$22,094 -$29,693Operating Expenses -$27,133 -$27,915 -$28,720 -$30,400 -$35,045 -$46,586 -$61,954

Income Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Net Operating Income $64,415 $65,922 $67,463 $70,653 $79,287 $99,768 $125,392- Mortgage Payments -$58,685 -$58,685 -$58,685 -$58,685 -$58,685 -$58,685 -$58,685- Improvements -$0 -$0 -$0 -$0 -$0 -$0 -$0= Cash Flow $5,730 $7,237 $8,778 $11,967 $20,602 $41,083 $66,706Cap Rate (Purchase Price) 5.2% 5.3% 5.4% 5.7% 6.3% 8.0% 10.0%Cap Rate (Market Value) 4.9% 4.8% 4.8% 4.6% 4.3% 3.6% 3.1%Cash on Cash Return 1.7% 2.2% 2.6% 3.6% 6.2% 12.4% 20.1%Return on Equity 1.5% 1.6% 1.7% 1.8% 1.9% 1.8% 1.6%

Loan Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Market Value $1,310,400 $1,362,816 $1,417,329 $1,532,983 $1,865,108 $2,760,815 $4,086,681- Loan Balance -$923,034 -$907,865 -$891,960 -$857,796 -$756,773 -$466,434 -$3= Equity $387,366 $454,951 $525,368 $675,186 $1,108,335 $2,294,381 $4,086,678Loan-to-Value Ratio 70.4% 66.6% 62.9% 56.0% 40.6% 16.9% 0.0%Potential Cash-Out Refi -$5,754 $46,106 $100,170 $215,292 $548,802 $1,466,136 $2,860,674

Sale Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Equity $387,366 $454,951 $525,368 $675,186 $1,108,335 $2,294,381 $4,086,678- Selling Costs -$91,728 -$95,397 -$99,213 -$107,309 -$130,558 -$193,257 -$286,068= Proceeds After Sale $295,638 $359,554 $426,155 $567,878 $977,777 $2,101,124 $3,800,610+ Cumulative Cash Flow $5,730 $12,967 $21,745 $44,067 $129,416 $444,283 $991,326- Initial Cash Invested -$331,250 -$331,250 -$331,250 -$331,250 -$331,250 -$331,250 -$331,250= Net Profit -$29,882 $41,270 $116,650 $280,694 $775,943 $2,214,157 $4,460,686Internal Rate of Return -9.0% 6.1% 10.8% 13.5% 13.7% 12.1% 11.0%Return on Investment -9% 12% 35% 85% 234% 668% 1,347%


GraphsAmerican Fork 6-PLEX 777 E 550 SAmerican Fork, UT 84003


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PhotosAmerican Fork 6-PLEX 777 E 550 SAmerican Fork, UT 84003


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1st Floor : 1 Bed 1 Bath unit + 2 signle car garage 2nd & 3rd Floor : 3 Bed 2 Bath units + 2 storages

Extra Large Indoor Storage Spaces

Garages are very popular and easy to rent


Documents

American Fork 6-PLEX Sam Levin, REALTOR RE/MAX Equity · Cap Rate (Purchase Price) 5.2% Cash on Cash Return (Year 1) 1.7% Internal Rate of Return (Year 10) 13.7% Sale Price (Year