500 SOUTH 900 EAST APARTMENTS 13 UNITS IN SALT LAKE CITY 500 SOUTH 900 EAST | SALT LAKE CITY, UT 84102 JASON WADSWORTH ANDREW WADSWORTH 801-230-3794 801-922-0662
[email protected] [email protected] TABLE OF CONTENTS 500 SOUTH 900 EAST ANALYSIS FINANCIAL FINANCIAL ANALYSIS VIEW Financial Analysis 2 Notes to Proforma 3 PROPERTY INFO PROPERTY INFO Summary / Ratings 4 Neighborhood / Nearby Jobs 5 MAPS Transportation Map 6RKET OVERVIEW Job Density Map 7 Area Map 8 Parcel Map 9 MAPS PHOTOS Aerial View 10-11 Unit Interior 12-15 COMPARABLE RENTS PHOTOS Comparable Rents Map 16-17 One Bedroom: Monthly Rents 18 One Bedroom: Rent Per Square Foot 19 Two Bedroom: Monthly Rents 20 Two Bedroom: Rent Per Square Foot 21 COMPARABLE RENTS COMPARABLE Three Bedroom: Monthly Rents 22 Three Bedroom: Rent Pet Square Foot 23 Vacancy 24 Concessions 25 MARKET INFO MARKET 1 500 South 900 East, Salt Lake City Annualized Annualized Avg Market Monthly Pro Forma Type % of Mix Unit SF Total SF Market Rent Rent / SF Proforma Avg Rent / SF Unit Mix Rent Market Rent Rent Roll Rent 13 One-Bed / One-Bath 100% 550 7,150 $950 $12,350 $148,200 $1.73 $1,133 $13,596 $2.06 Income In-Place Variance Pro Forma % of MKT Financing New Loan Scheduled Market Rent $140,400 $36,348 $176,748 Interest Rate 5.00% FINANCIAL ANALYSIS ANALYSIS FINANCIAL Less: Loss to Lease ($2,400) $633 ($1,767) (1.0%) Amortization Years 30 Gross Potential Rent (GPR) $138,000 ($62,733) $174,981 % of GPR LTV 65% Less: Vacancy ($6,900) ($1,849) ($8,749) (5.0%) Loan Origination Fee 1% Less: Concessions