01 / ACQUISITION
YOUR NEXT INVESTMENT, IN PERSPECTIVE
Make the numbers
feel clear.
Explore the deal. Adjust the assumptions. Find your return.
One property. Every possibility.
All amounts in USD · Unlevered returns
PROPERTY WORKSPACE
02 / OPERATIONS
Shape the income
Rental units
Set the nightly rate, occupancy and available days for each unit.
03 / THE BIG PICTURE
Your annual cash flow
How the numbers work
Annual gross revenue = sum of each unit’s nightly rate × available days × occupancy. Operating costs = gross revenue × operating expense rate + annual fixed costs. NOI = gross revenue − operating costs. Gross ROI = gross revenue ÷ total investment; net ROI = NOI ÷ total investment. Payback = total investment ÷ annual NOI, without growth, resale proceeds or discounting.
NOI and returns are before financing, income tax, depreciation and capital appreciation. Include recurring property taxes, insurance, management, utilities and maintenance in your operating assumptions. Avoid counting costs in both the expense percentage and fixed costs. The 6% closing cost assumption is editable and is not a tax estimate.