215 S 300 E
> 4 Units236d on market

A+

Investment Rating

CF: A+Ret: A+

215 S 300 E

Salt Lake City, UT 84111

$2,300,000

20 bed 15 bath 7,711 sqft$12,382/yr tax Fixer-upper
MLS Listing

Highlights

Year 1

Pays for Itself

$730k

Cash to Close

$304k

Cash Flow Yr 10

$2M

Equity Yr 10

$860k

Tax Savings (10yr)

Performance Metrics

19.0%

Gross Yield

15.7%

Cap Rate

22.8%

Cash on Cash

31.9%

5-Year IRR

33.4%

10-Year IRR

Projections

Cash Flow

Equity

Cash Flow Details

Gross Revenue (Rent)
Net Operating Income
$26,109
Take-Home (before reserves)
$17,049
True Cash Flow
$13,887

Deal Summary

Offer Price
$259/sqft
$
Rocco Value
$2,070,000

3.5% below market · Income approach at 3.49% cap rate

Down Payment
$500,000 (25.0%)
Closing Costs~2% of loan amount
$
Renovation Cost
$
Other Expenses (monthly)
$
YearHome ValueLoan BalEquityCash FlowCumulativeIRR
1$2M$1M$592k$205k$205k-7.9%
5$2M$1M$1M$245k$1M31.9%
10$3M$1M$2M$304k$3M33.4%
15$3M$1M$2M$372k$4M33.0%
20$4M$814k$3M$451k$6M32.8%
25$5M$468k$4M$543k$9M32.6%
30$6M$0$6M$650k$12M32.6%
Loading neighborhood data...

Adjusted assumptions:

Reno: $0 → $200,000Offer: $2,300,000 → $2,000,000

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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