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ExampleFictional example for demonstration — not a live listing. Numbers are illustrative.
Dallas, TX·garden

Gateway Park

7900 N Stemmons Fwy, Dallas, TX 75247

Units264
Year built2016
Asking price$47,520,000
Price / unit$180,000
Data sourceMANUAL

Operating snapshot (as reported, before your assumptions)

Gross scheduled income$4,752,000
Other income$180,000
Vacancy5.5%
Effective gross income$4,670,640
Operating expenses$1,900,000
Expense ratio41%
Net operating income$2,770,640
Going-in cap rate5.8%

Model this deal

Adjust financing and growth assumptions below. Changes affect only your analysis — the underlying listing is never modified.

Assumptions

Adjust any input — results update instantly.

Property
Financing
Cash invested & reserves

Closing costs, upfront improvements, and initial reserves are added to total cash invested (they raise the cash-on-cash denominator). The annual capex reserve reduces cash flow but not NOI or cap rate — a common convention is $250–$300 per unit per year (≈ $72,600/yr here). It defaults to $0.

Growth
Model improvements (value-add)

Renovation rent premium, operational uplift, and general market-rent growth are counted separately — never combined. A large current-to-proposed rent gap is an assumption to confirm, not proof.

Downside scenario

A scenario, not a forecast.

Cap Rate5.8%
Cash-on-Cash3.3%
DSCR1.25
Debt Yield9.0%
NOI$2,770,640Before reserves & debt service
Cash Flow (after reserves)i$548,370After $0/yr reserve ($0/unit)
Monthly Debt Service$185,189
Break-even Occupancy84%
Price / Unit$180,000
Total Cash Invested$16,632,000
Loan Amount$30,888,000
Balloon at Maturity$25,848,847Due in year 10

5-year projection

Cash flow is after debt service and the annual capex reserve. Debt service is held at the current payment; the loan balloon is due in year 10.

YearNOICash Flow
Year 1$2,770,640$548,370
Year 2$2,909,966$687,696
Year 3$3,055,577$833,307
Year 4$3,207,743$985,473
Year 5$3,366,744$1,144,474

What the numbers say

An assessment of how this deal reads under the assumptions above — not an endorsement, recommendation, or suitability determination.

Current incomeCaution

Marginal for current income — cash flow is positive but debt coverage is thin (DSCR 1.25, 3.3% cash-on-cash). Sensitive to vacancy, expense, or rate changes.

  • • Annual cash flow after reserves: $548,370.
Value-add potentialNot assessed

Not yet modeled. Open “Model improvements” and add renovation scope, costs, and target rents to assess the upside.