Single Family Residence154d on market
B+
Investment Rating
CF: C+Ret: A
948 N BANNER DR #621
Saratoga Springs, UT 84045
$592,900
Highlights
Year 1
Pays for Itself
$143k
Cash to Close
$25k
Cash Flow Yr 10
$537k
Equity Yr 10
$186k
Tax Savings (10yr)
Performance Metrics
7.1%
Gross Yield
6.3%
Cap Rate
1.0%
Cash on Cash
17.9%
5-Year IRR
18.0%
10-Year IRR
Projections
Cash Flow
Equity
Cash Flow Details
Gross Revenue (Rent)
Net Operating Income
$2,851
Take-Home (before reserves)
$390
True Cash Flow
$118
Deal Summary
Offer Price
$189/sqft
$
Rocco Value
$533,610
1.2% above market · 57 comps (high)
Down Payment
$135,000 (25.0%)
Closing Costs~2% of loan amount
$
Renovation Cost
$
Other Expenses (monthly)
$
| Year | Home Value | Loan Bal | Equity | Cash Flow | Cumulative | IRR |
|---|---|---|---|---|---|---|
| 1 | $567k | $400k | $167k | $5k | $5k | -3.9% |
| 5 | $688k | $377k | $311k | $13k | $43k | 17.9% |
| 10 | $877k | $340k | $537k | $25k | $141k | 18.0% |
| 15 | $1M | $289k | $829k | $41k | $311k | 17.3% |
| 20 | $1M | $220k | $1M | $61k | $572k | 16.7% |
| 25 | $2M | $127k | $2M | $87k | $951k | 16.3% |
| 30 | $2M | $0 | $2M | $120k | $1M | 16.1% |
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Adjusted assumptions:
Offer: $592,900 → $540,000Rent: $3,170 → $3,200
IMPORTANT DISCLAIMER: Any calculations or estimates provided regarding potential return on investment in real estate are not guaranteed, and are subject to change based on various factors, such as fluctuations in the market, property value growth in the region, changes in rental income, taxes, maintenance costs, potential renovations, regulatory changes, shifts in supply and demand, and other variables. Past performance does not guarantee future results.