Year-one scorecard
First full year of operation. NOI here is the lender basis (before CapEx reserves) so the cap rate stays comparable to market; cash flow deducts reserves, because the roof still fails whether or not you budgeted for it.
Long-term rental
Short-term rental
Cash flow by year
After-tax cash flow, excluding sale proceeds. Hover a year for the breakdown.
Long-term rental
Short-term rental
Values for every year are in the pro forma table below.
Cumulative profit
Running total of after-tax cash flow plus net sale proceeds if you sold at the end of that year — the line crosses zero at your true break-even.
Long-term rental
Short-term rental
Equity build
Property value against loan balance. The gap is your equity — appreciation plus principal paydown, independent of which strategy you run.
Property value
Loan balance
Short-term rental seasonality
Year-one gross booking revenue by month. A flat projection on a seasonal property is the fastest way to overstate a deal — check these months against real comps in your market.
Sensitivity
Cash-on-cash return when the two assumptions most likely to be wrong move against you. Your current inputs are outlined.
Long-term rental — monthly rent × interest rate
Short-term rental — ADR × occupancy
Stress tests
The deal re-underwritten under conditions that actually happen. A deal that only works in the base case is not a deal.
Short-term rental risk register
Regulation kills more short-term rental deals than arithmetic does. Check every box that applies to this address before trusting the STR column.
Ten-year pro forma
Full projection for each strategy. This table is the data behind every chart above.
Exit & total return
What the deal returns if you sell at the end of the hold period.