100% Gross Potential Income ¹$
Less Vacancy and Uncollectables ²$ 5% 7.5% 10% 12.5% 15% 20%
Effective Gross Income$

 

Less Expenses ³
Taxes$
Insurance$
Utilities$
Management ⁴$
Trash$
Maintenance and Repairs$
Landscape$
Administrative$
Miscellaneous$
Total Operating Expenses$ % of GPI
Expenses per Unit$

 

Net Operating Income$
Less
Capital Reserves ⁵ per unit$# Units:
Total Capital Reserves$
Cash Flow Available to Service Debt$

 

 

Calculator

Interest Rate   %
Repayment Schedule (years)   years
Debt Service Coverage ⁶   1.2 1.25 1.3 1.35 1.4
Loan Amount$

Notes:
1. Sum of all actual income assuming 100% occupancy.
2. Input actual vacancy and uncollectables. If input is less than 5% of Gross Potential Income, model will automatically default to greater number.
3. Input actual expenses with necessary adjustments for taxes and Insurance. Use miscellaneous as a catch all.
4. Input actual management expenses. If input is less than 5% of Effective Potential Income, model will automatically default to greater number.
5. Use greater of $250/door or actual.
6. Defaults to 1.2 times.