Use Quick Mode for a fast back-of-napkin check,
or switch to Full Mode for a complete 20-year underwriting.
Fill in your numbers and click Calculate Returns.
or switch to Full Mode for a complete 20-year underwriting.
Fill in your numbers and click Calculate Returns.
Development
Construction breakdown · sources & uses · spread analysis · per-SF metrics
Run a calculation on a Development property to see this view.
Rent roll
Per-tenant detail · lease terms · rollover schedule
This tab will render the rent roll view in Pass 2.
Cash flow
Year-by-year NOI, debt service, and levered cash flow
This tab will render the annual cash flow table in Pass 2.
Returns
IRR · equity multiple · waterfall
This tab will render the returns waterfall in Pass 2.
Sensitivity
Stress tests · IRR matrix · heatmap
This tab will render the stress test heatmap in Pass 2.
Investment memo
Narrative · verdict · key numbers
This tab will render the investment memo in Pass 2.