How to Read a Deal
Start here. What NOI, a cap rate, leverage, MoIC, and IRR actually mean, taught through one small property, one formula at a time, before you build a real model.
REPE · Foundations · about 25 minutes · 10 guided steps
Lesson outline
Operating Income
- Step 1: Effective Gross Income
- Step 2: Net Operating Income (NOI)
Entry
- Step 3: Purchase Price
- Step 4: Loan Amount
- Step 5: Equity Invested
Exit
- Step 6: Exit NOI
- Step 7: Exit Value
- Step 8: Exit Equity
Returns
- Step 9: MoIC
- Step 10: IRR