What you enter and what is calculated
| Figure | How it is calculated |
|---|---|
| Total project cost | Acquisition price + acquisition costs + renovation budget + other capital costs. You can override it. |
| Fraction price | Total project cost / total fractions. You can override it. |
| NOI | Annual rent minus operating expenses per year. |
| Gross yield | Annual rent / current valuation. |
| Net yield | (Annual rent - operating expenses - service charges - property tax) / current valuation. |
| LTV | Loan amount / current valuation. |
| Value change | Current valuation compared with the acquisition price. |
| NAV per fraction | Current valuation / total fractions, or (current valuation - outstanding debt) / total fractions when you show NAV after debt. |
Yields and NAV use the current valuation, which is the most recent valuation by date. Until you record one, they show as not set. See Valuations.
Net of debt
By default NAV is the plain valuation divided by the fractions. To subtract the property's debt first, turn on Show net asset value after debt in Defaults. The setting applies to reports and to what investors see in the portal.
Precision
Money is calculated with exact decimal arithmetic, never floating point, so totals add up to the cent. Figures that are calculated while you read, such as yields and NAV, always reflect the latest numbers.
Why a figure is missing
- No valuation recorded: yields and NAV need one.
- No rent or expenses entered: NOI and yields cannot be calculated.
- Distribution figures and IRR appear once distributions have been paid and the cash flows span at least a year. See Performance metrics.