Resources

Tools and references.

Calculators and a glossary available now; the library will grow as resources are completed.

Calculators

For education only. Results are simple arithmetic and exclude taxes, fees, reserves, and other real-world adjustments.

NOI ÷ Price

NOI ($)Price ($)

6.67%

Effective gross income − Operating expenses

Effective gross income ($)Operating expenses ($)

$100,000

P · r(1+r)^n ÷ ((1+r)^n − 1)

Loan amount ($)Annual rate (%)Amortization (years)

$6,752

Annual pre-tax cash flow ÷ Equity invested

Annual cash flow ($)Equity invested ($)

6.00%

Price ÷ Building SF

Price ($)Building SF

$250 / SF

NOI: Net operating income: property revenue minus operating expenses, before debt service and capital items.
Cap Rate: NOI divided by price. A snapshot measure of yield used to compare and value income properties.
NNN: Triple-net lease, where the tenant pays its share of taxes, insurance, and common area maintenance in addition to base rent.
CAM: Common area maintenance: shared costs of operating parking lots, landscaping, lighting, and similar areas.
Co-Tenancy: A lease clause allowing a tenant remedies, such as reduced rent, if specified other tenants close or occupancy falls.
Anchor: A large tenant expected to generate traffic for a shopping center.
Guaranty: A promise by a third party, often a parent company or individual, to satisfy lease obligations if the tenant does not.
Percentage Rent: Additional rent calculated as a share of tenant sales above a stated breakpoint.
Cash-on-Cash: Annual pre-tax cash flow after debt service divided by the equity invested.
TI: Tenant improvements: build-out work to prepare a space for a tenant, often partly funded by the landlord.