📊 NOI & Cap Rate Analysis
Net Operating Income and capitalization rate calculated automatically from your income and expense inputs. Compare properties on equal footing.
💰 Debt Service Analysis
Monthly and annual debt service for any loan structure. DSCR calculation — most commercial lenders require DSCR ≥ 1.25.
📈 IRR & Equity Multiple
Internal rate of return and equity multiple over 5 and 10-year hold scenarios. Includes annual cash flow and equity buildup.
🏗️ 39-Year Depreciation Schedule
IRS 39-year commercial depreciation schedule with mid-month convention. Cost segregation study inputs included.
📅 Multi-Year Cash Flow Projections
10-year income, expense, and cash flow projections with adjustable rent growth and expense escalation assumptions.
🔄 Sensitivity Analysis
Model different vacancy rates, rent growth assumptions, and interest rate scenarios to understand deal risk.
What's the difference between residential and commercial property analysis?
Residential properties (1–4 units) use 27.5-year depreciation and conventional residential financing. Commercial properties (5+ units) use 39-year depreciation and commercial loan terms (3–5 year ARM, 25–30 year amortization). Commercial deals also typically require DSCR ≥ 1.25 vs. 1.0 for residential.
What is a good cap rate for commercial property?
Cap rates of 5–8% are common in high-demand markets (major metros). 8–12% cap rates are typical in secondary markets. Properties with cap rates above 10% carry higher risk or more vacancy. Our template grades deals automatically.
What is NOI in real estate?
Net Operating Income (NOI) = Gross Rental Income − Operating Expenses. It does not include debt service, capital expenditures, or depreciation. NOI is the core metric for valuing commercial properties: Value = NOI ÷ Cap Rate.
Does this work for apartment building syndications?
Yes. The commercial property template supports 5+ unit apartment buildings with all the metrics syndicators use: NOI, cap rate, IRR, equity multiple, and 39-year depreciation. Perfect for evaluating syndication deals as a passive investor.
Is this for active investors or passive investors?
Both. Active investors use it to analyze deals before bidding. Passive investors use it to evaluate deals presented to them by syndicators or brokers — to independently verify the numbers before committing capital.