LearnCRE.com - Real Estate 101 - Real Estate Metrics
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This document discusses key real estate metrics used to evaluate investment performance and risk. It defines metrics like yield on cost (YOC), return on cost (ROC), internal rate of return (IRR), equity multiple (EM), gross rent multiplier (GRM), cash on cash return, debt service coverage ratio (DSCR), debt yield, loan-to-value (LTV), and capitalization rate (cap rate). Examples are provided to illustrate how to calculate some of these metrics. The document also notes some limitations of using cap rates to compare properties with different risk profiles.
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3:国家专业人才认证中心颁发入库证书
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Gurgaon Industrial Business Association.pdf
Presentation of Industrial Land for development of various business opportunities
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
原版一模一样【微信：741003700 】【(ucr毕业证书)加州大学河滨分校毕业证学历学位证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
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https://listingturkey.com/property/avrupa-konutlari-esentepe/
Listing Turkey - Yeni Eyupevleri Istanbul
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
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Recent Trends Fueling The Surge in Farmhouse Demand in India
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
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LearnCRE.com - Real Estate 101 - Real Estate Metrics
- 2. LearnCRE.com Real Estate Metrics + Why? + Examples – YOC – Yield on Cost = Stabilized Rent / TPC – ROC – Return on Cost = (End Value-TPC) / TPC – IRR – Internal Rate of Return – Dev IRR – IRR over the development period (end value at dev end) – 10 Year IRR – IRR over 10 year period (or 5 or 7) (end value at period end) – EM - Equity Multiple = Equity In / Equity Out (ratio) – GRM – Gross Rent Multiplier = PP or TPC / Rent (similar to P/E ratio) – Cash on Cash Return = (Equity In - Equity Out) / Equity Out (%) – Cash Yield / Cash on Cash Yield = NOI-Debt Service / Equity Outlay – DSCR NOI / Debt Payment – Debt Yield NOI / Loan Amount – LTV Loan to Value = Loan / Value – Passing Yield Contracted first year NOI / Property Value 39
- 3. LearnCRE.com Real Estate Metrics 40 At Acquisition Cash Flow (pa) Cost/Value Comment Total 7.0 100.0 Debt 3.0 60.0 5% interest rate, 5 year term, I/O Equity 4.0 40.0 At Disposition Cash Flow (pa) Cost/Value Comment Total 8.1 115.9 At same yield, 3% rent growth Debt 3.0 60.0 Pay off loan with proceeds Equity 5.1 55.9 1 2 3 4 5 6 Acq -100.0 Rent 7.0 7.2 7.4 7.6 7.9 8.11 Disp 115.9 Total -93.0 7.2 7.4 7.6 123.8 Loan 60.0 -60.0 DS -3.0 -3.0 -3.0 -3.0 -3.0 Equity -36.0 4.2 4.4 4.6 60.8
- 4. LearnCRE.com Real Estate Metrics 41 Unlevered Returns Value Math Definition YOC 7.0% =7.0/100.0 Yield on Cost GRM 14.3 =100.0/7.0 Gross Rent Multiplier ROC 15.9% =(115.9-100.0)/100.0 Return On Cost IRR 13% =IRR(cashflows) Internal Rate of Return Levered Returns Value Math Definition EM 1.40 =55.9/40.0 Equity Multiple Cash on Cash Return 40% =(55.9-40.0)/40.0 Cash on Cash Yield 10% =4.0/40.0 Levered IRR 22% =IRR(cashflows post debt) Bank Returns Value Math Definition DSCR 2.3 =7.0/3.0 Debt Service Coverage Ratio Debt Yield 12% =7.0/60 LTV 60% =60/100 Loan To Value
- 5. LearnCRE.com YOC – Yield on Cost + Market Rent / Total Project Costs + What does it mean? + Why important? + Stabilized Rent over 42
- 6. LearnCRE.com ROC – Return on Cost + ROC = Profit / Total Project Cost + Profit = End Value – Total Project Cost + What does it mean? + Why important? 43
- 7. LearnCRE.com 10 Year IRR vs Dev. IRR + Internal Rate of Return – The discount rate that sets estimated discounted cash flows equal to the initial investment + Revisit Business plans – It is easy to figure out B1 returns by hand…how about B3? – IRR helps here… + 10 Year IRR – Total IRR over 10 year period – Cash out phase – Cash in phase – End Value Phase + Development IRR – IRR from start to Development End – Cash out Phase – End Value Phase 44
- 8. LearnCRE.com Tell me What is wrong with this OM? 45
- 9. LearnCRE.com Cap Rate + Capitalization rate + Market Rent / End Value or = Stabilized Rent / Purchase Price + “Yield forever” or “IRR as time approaches infinity” + Risk free rate plus real estate risk + How does this differ from passing yield? + Risks: – Different property types – Different locales – Different property quality – Different tenant profile 46