543 South 850 East American Fork, UT 84003

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Norman Vincent Welch
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1 Property Report 543 South 850 East American Fork, UT Presented by: Fourplex Investment Group Re/Max Equity 295 West Center Street Provo, UT FIG is not a company, but a marketing platform. All information to be verified by independent study and cannot be guaranteed. Although best efforts are made to be accurate in the assessment of future rents, interest rates, vacancy, expenses, and other details noted in this pro forma, all is to be independently verified by the investor. It is also essential to understand the square footage noted cannot be guaranteed, but in the event of purchase, floor plans will become a part of the contract and discussed with your agent. Real Investments, Real Returns 1

2 Overview Purchase Info Square Feet (20 Units) 14,920 Purchase Price $2,650,000 Initial Cash Invested $2,665,000 Income Analysis Monthly Annual Net Operating Income $9,966 $119,593 Cash Flow $9,966 $119,593 Financial Metrics Cap Rate (Purchase Price) 4.5% Cash on Cash Return (Year 1) 4.5% Internal Rate of Return (Year 10) 6.8% Sale Price (Year 10) $3,561,378 Real Investments, Real Returns 2

3 Purchase Analysis Purchase Info Purchase Price $2,650,000 + Buying Costs $15,000 + Initial Improvements $0 = Initial Cash Invested $2,665,000 Square Feet (20 Units) 14,920 Cost per Square Foot $178 Monthly Rent per Square Foot $1.02 Cost per Unit $132,500 Average Monthly Rent per Unit $763 Financial Metrics (Year 1) Annual Gross Rent Multiplier 14.5 Operating Expense Ratio 32.7% Cap Rate (Purchase Price) 4.5% Cash on Cash Return 4.5% Assumptions Appreciation Rate 3.0% Vacancy Rate 3.0% Income Inflation Rate 3.0% Expense Inflation Rate 3.0% LTV for Refinance 70.0% Selling Costs $185,500 Income Monthly Annual Gross Rent $15,260 $183,120 Vacancy Loss -$458 -$5,494 Operating Income $14,802 $177,626 Expenses (% of Income) Monthly Annual Cleaning & Maintenance (1%) -$200 -$2,400 Insurance (1%) -$150 -$1,800 Management Fees (7%) -$1,036 -$12,434 Taxes (11%) -$1,590 -$19,080 Association Fees (13%) -$1,860 -$22,320 Operating Expenses (33%) -$4,836 -$58,034 Net Performance Monthly Annual Net Operating Income $9,966 $119,593 - Year 1 Improvements -$0 -$0 = Cash Flow $9,966 $119,593 Real Investments, Real Returns 3

4 Buy and Hold Projection Income Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30 Gross Rent $183,120 $188,614 $194,272 $206,103 $238,930 $321,102 $431,534 Vacancy Loss -$5,494 -$5,658 -$5,828 -$6,183 -$7,168 -$9,633 -$12,946 Operating Income $177,626 $182,955 $188,444 $199,920 $231,762 $311,469 $418,588 Expenses Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30 Cleaning & Maintenance -$2,400 -$2,472 -$2,546 -$2,701 -$3,131 -$4,208 -$5,656 Insurance -$1,800 -$1,854 -$1,910 -$2,026 -$2,349 -$3,156 -$4,242 Management Fees -$12,434 -$12,807 -$13,191 -$13,994 -$16,223 -$21,803 -$29,301 Taxes -$19,080 -$19,652 -$20,242 -$21,475 -$24,895 -$33,457 -$44,963 Association Fees -$22,320 -$22,990 -$23,679 -$25,121 -$29,123 -$39,138 -$52,599 Operating Expenses -$58,034 -$59,775 -$61,568 -$65,318 -$75,721 -$101,763 -$136,761 Income Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30 Net Operating Income $119,593 $123,180 $126,876 $134,602 $156,041 $209,706 $281,828 - Improvements -$0 -$0 -$0 -$0 -$0 -$0 -$0 = Cash Flow $119,593 $123,180 $126,876 $134,602 $156,041 $209,706 $281,828 Cap Rate (Purchase Price) 4.5% 4.6% 4.8% 5.1% 5.9% 7.9% 10.6% Cap Rate (Market Value) 4.4% 4.4% 4.4% 4.4% 4.4% 4.4% 4.4% Cash on Cash Return 4.5% 4.6% 4.8% 5.1% 5.9% 7.9% 10.6% Return on Equity 4.4% 4.4% 4.4% 4.4% 4.4% 4.4% 4.4% Loan Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30 Market Value $2,729,500 $2,811,385 $2,895,727 $3,072,076 $3,561,378 $4,786,195 $6,432,246 - Loan Balance -$0 -$0 -$0 -$0 -$0 -$0 -$0 = Equity $2,729,500 $2,811,385 $2,895,727 $3,072,076 $3,561,378 $4,786,195 $6,432,246 Potential Cash-Out Refi $1,910,650 $1,967,970 $2,027,009 $2,150,453 $2,492,965 $3,350,336 $4,502,572 Sale Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30 Equity $2,729,500 $2,811,385 $2,895,727 $3,072,076 $3,561,378 $4,786,195 $6,432,246 - Selling Costs -$191,065 -$196,797 -$202,701 -$215,045 -$249,296 -$335,034 -$450,257 = Proceeds After Sale $2,538,435 $2,614,588 $2,693,026 $2,857,031 $3,312,082 $4,451,161 $5,981,988 + Cumulative Cash Flow $119,593 $242,773 $369,649 $634,933 $1,370,995 $3,213,497 $5,689,665 - Initial Cash Invested -$2,665,000 -$2,665,000 -$2,665,000 -$2,665,000 -$2,665,000 -$2,665,000 -$2,665,000 = Net Profit -$6,972 $192,361 $397,674 $826,964 $2,018,076 $4,999,658 $9,006,654 Internal Rate of Return -0.3% 3.6% 5.0% 6.0% 6.8% 7.2% 7.4% Return on Investment -0% 7% 15% 31% 76% 188% 338% Real Investments, Real Returns 4

5 Graphs $25,000 Monthly Cash Flow $20,000 $15,000 $10,000 $5,000 $0 0 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000, Year Market Value $2,000,000 $1,000,000 $ Year Internal Rate of Return (IRR) 8% 7% 6% 5% 4% 3% 2% 1% 0% -1% Year Real Investments, Real Returns 5

6 Rent Roll Unit Description Square Feet Units of This Type Rent (Per Unit) Garage Spaces $75 Per Month Unit $1,050 Per Month Unit $1,050 Per Month Unit $1,150 Per Month Unit $1,050 Per Month Unit 201 1,330 1 $1,320 Per Month Unit 202 1,330 1 $1,270 Per Month Unit 203 1,330 1 $1,270 Per Month Unit 204 1,330 1 $1,270 Per Month Unit 301 1,330 1 $1,270 Per Month Unit 302 1,330 1 $1,270 Per Month Unit 303 1,330 1 $1,270 Per Month Unit 304 1,330 1 $1,420 Per Month Totals for Year 1 Total Number of Units 20 Total Area (Sum of Units) 14,920 Square Feet Total Rent (Sum of Units) $15,260 Per Month, $183,120 Per Year Real Investments, Real Returns 6

Property Report. 17 Res 3 buildings. Chatham, Ontario. Presented by:

Property Report. 17 Res 3 buildings. Chatham, Ontario. Presented by: Property Report 17 Res 3 buildings Presented by: Cityscape Real Estate Ltd., Brokerage 144 Simcoe Street Toronto, Ontario M5H3E5 Office: Mobile: 1-877-439-2339 Fax: 1-888-937-9944 All information collected