1488 S 400 E ##1-4
Quadruplex53d on market

A+

Investment Rating

CF: ARet: A+

1488 S 400 E ##1-4

Salt Lake City, UT 84115

$1,150,000

8 bed 8 bath 3,960 sqft$6,097/yr tax Turn-key
MLS Listing

Highlights

Year 1

Pays for Itself

$285k

Cash to Close

$67k

Cash Flow Yr 10

$1M

Equity Yr 10

$393k

Tax Savings (10yr)

Performance Metrics

8.5%

Gross Yield

7.3%

Cap Rate

4.2%

Cash on Cash

20.9%

5-Year IRR

20.7%

10-Year IRR

Projections

Cash Flow

Equity

Cash Flow Details

Gross Revenue (Rent)
Net Operating Income
$6,548
Take-Home (before reserves)
$1,649
True Cash Flow
$1,003

Deal Summary

Offer Price
$271/sqft
$
Rocco Value
$1,121,250

4.3% below market · Income approach at 3.81% cap rate

Down Payment
$268,750 (25.0%)
Closing Costs~2% of loan amount
$
Renovation Cost
$
Other Expenses (monthly)
$
YearHome ValueLoan BalEquityCash FlowCumulativeIRR
1$1M$797k$331k$20k$20k-0.5%
5$1M$751k$614k$38k$144k20.9%
10$2M$677k$1M$67k$418k20.7%
15$2M$576k$2M$104k$860k19.9%
20$3M$439k$2M$151k$2M19.3%
25$4M$253k$3M$213k$2M18.9%
30$5M$0$5M$291k$4M18.7%
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Adjusted assumptions:

Rent: $8,459 → $7,600Offer: $1,150,000 → $1,075,000

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.

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