| Going-in cap rate (T-3 NOI / purchase price) | 5.55% | Purchase CAP Rate |
| Exit, year 6: sale at a 5.80% cap rate | $42,900,000 | Expected Sale Proceeds |
| Cash-on-cash by year: Y1 4.2%, Y2 5.2%, Y3 6.0%, Y4 6.8%, Y5 7.0%, Y6 7.2% | Projected Returns - Yearly (1-10?) | |
| Levered IRR | 15.6% | Expected IRR - Hold |
| Equity multiple | 2.19x | Expected Equity Multiple - Hold |
| Hold period | 6 years (exit 2028) | Expected Hold |
| Refinance in 2026 at 65% LTV on stabilized value | Expected Refi Year | |
| Refinance proceeds: new loan $26,940,000, less payoff $21,968,000 = $4,970,000 to equity | Expected Refi Proceeds |
| Rate type | Fixed | Loan #1 - Floating or Fixed |
| Interest rate | 6.13% fixed | Loan #1 - Rate |
| Amortization | Amortizing (30-year schedule) | Loan #1 - I/O or Amortizing |
| Term | 5 years | Loan #1 - Term |
| Maturity | February 13, 2027 | Loan #1 - Maturity Date |
| Renovation program complete | 2023 | Last Renovated |
| Capital budget: Roof $576,800, Unit renovations $2,060,000, Amenities $247,200; total $2,884,000 | Budgeted Capex (by category) | |
| Interior upgrades on 120 of 300 units as they turn, $17,167 per unit | Units to Rehab |
Nothing is read from this document for the fields below: having it on file is the answer.
A static rendering for this demo: the passages each deal-sheet value was read from, highlighted where they sit. In the application this link opens the filed document itself. Every name and figure on it is invented.