Real Estate Financial Analysis I REFI-0010

SPRING 2024
Sec. 1: Online (self-paced). Feb. 6-Mar. 12 (6 sessions). Selvaggio
Sec. 2: Online (self-paced). Mar. 26-Apr. 30 (6 sessions). Nihalani

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Acquire the essential skills to build a property operating statement, determine net operating income (NOI) and apply capitalization rates to a single-year’s NOI to estimate property value. Topics include real estate investment principles; foundations of real estate valuation; lease types; market rent vs contract rent; useable and rentable area; load factor; potential gross income (PGI); vacancy and collection loss; miscellaneous income; effective gross income (EGI); fixed and variable operating expenses (OE); capital expenditures (CAPX); net operating income (NOI); overall or going-in capitalization rates; direct capitalization and income multipliers. This course uses MS Excel software.