Price Per Door
Resources & Tools
Free calculators for Houston apartment investors, owners and lenders. Every tool runs in your browser. Nothing you enter is saved or sent anywhere.
PricingCap Rate & Price Per DoorTurn an asking price and NOI into price per door and a going-in cap rate, the two numbers every Houston broker quotes first.PricingValue From NOIWork backward from NOI and a market cap rate to value, and see how much a 50 basis point move in cap rates changes the answer.DebtLoan SizingSize a multifamily loan the way lenders do: the lower of the loan-to-value limit and the debt service coverage limit.DebtMortgage & AmortizationMonthly payment, annual debt service and the remaining balance at years 1, 3, 5, 7 and 10, with an optional interest-only period.ReturnsDeal ReturnsA quick levered return model: IRR, equity multiple, year 1 cash-on-cash and DSCR, from price, debt, NOI growth and an exit cap.OperationsBreak-Even OccupancyHow full does the property need to be to cover operating expenses and debt service? The lower the number, the more room you have if leasing slows.ReturnsValue-Add Return on CostEstimate the NOI and value created by renovating units for a rent premium, and the return on each dollar spent.
For education only. Not investment, tax or legal advice.