Project Name:
Hold Period (yrs):
Construction Months:
Lease-Up Months:
Stabilized Occupancy (%):
Step 2: Rent Roll
Ancillary Income
Applies to Fixed Income annually. (Disabled for percentage mode.)
Step 3: Development Costs
Land:
Hard:
Soft:
Dev Fee:
Contingency/Other:
Step 4: Financing
LTC (%):
Refinance (optional)
If “After Lease-Up”, we’ll refi at (construction_months + lease_up_months).
Costs are taken from proceeds; lower proceeds if needed.
Step 5: Rent Trending
Trending still occurs during construction periods. Make sure to zero out trends during that timeframe if you want to start operations with rents from the unit mix.
Step 6: Operating Expenses
Trending still occurs during construction periods. Make sure to zero out trends during that timeframe if you want to start operations with the initial expenses entered below.
Personnel:
Marketing:
Repairs:
Utilities:
RE Taxes:
Insurance:
Other:
Management Fee (% of income):
Minimum Monthly Management Fee ($):
Step 7: Exit Assumptions
Exit Cap Rate (%):
Sales Cost (%):
Step 8: Construction Draw Schedule
Draw from Equity First:
Draw Schedule Method:
Simple (even)
Custom