| Finacial Formuals 1 | Financial Fomuals 2 | Financial Formuals 3 |
|---|---|---|
|
What is Total Rent Revenue (TRR)
GPR - VAC
|
What is Capitalization Rate (Cap Rate)
NOI / Purchase Price
|
What is Percent Renewal Increase
Amount of Increase / Previous Lease Rent
|
|
What is Economic Occupancy (EO)
TRR / GPR
|
What is Gross Potential Income ( GPI )
Occupied Units x Average Leased Rent + Vacant Units x Average Market Rent
|
What is Turnover Ratio
Total number of Move-Outs / Total Number of Units
|
|
What is Cash on Cash Return
Cash Flow / Down Payment (or Initial Equity)
|
What is Gross Potential Rent ( GPR )
Total # of Units x Average Market Rent
|
What is Effective Gross Income (EGI)
GPR - VAC = TRR + OI
|
|
What is Cash Flow (CF)
NOI - DS - RR
|
What is Operating Expense Ratio (OER)
OE / EGI
|
What is Annualization
Average of actual months of expenses ( or income) / number of months reported x 12
|
|
What is Net Operating Income (NOI)
EGI - OE
|
What is Breakeven Occupancy Ratio
(OE + DS + RR) / EGI
|
What is Breakeven per Square Foot
(OE + DS + RR ) / Total Property Square Feet
|
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