Flipilizer

 AI-Powered Real Estate Intelligence
Calculate IRR, cash flow, and profitability
total price paid to seller
direct costs to plan and permit the development
direct construction costs
gross annual rent collected before expenses
/ year
property value based on cap rate
annualized return on all equity cash flows
analyze performance sensitivity to key inputs

Purchase

Purchase Price
total price paid to seller

Closing Costs

Transfer Tax
real estate transfer tax payable at closing (e.g. welcome tax, land transfer tax, property transfer tax, deed transfer tax, conveyance tax, stamp duty)
Land Transfer Tax %
transfer tax as % of purchase price
Tax Adjustment
reimbursement to seller for prepaid property taxes, prorated to closing date
Prorated Tax Months
months of prepaid property tax reimbursed to seller at closing
Inspections
pre-closing inspections: home, appraisal, required inspections
Legal Fees
title and closing legal fees (attorney/notary, title insurance, registrations, etc.)
Miscellaneous
other pre-closing or closing fees
Closing Costs
total costs paid by closing

Mortgage

Down Payment
cash contribution toward purchase price
Down Payment %
down payment as % of purchase price
Borrowed
amount borrowed
Borrowed %
amount borrowed as % of purchase price
Origination Fees
broker commissions, mortgage insurance, appraisal, and other one-time loan origination fees
Origination %
origination fees as % of amount borrowed
Mortgage Cash Down
cash required for mortgage financing
Mortgage Rate
annual mortgage interest rate
Amortization
number of years to pay the mortgage in full (usually 25 or 30 years)
Compounding
how often interest is compounded (e.g., monthly US, semi-annually Canada)
Mortgage Payment
monthly mortgage payment

Property Tax

Lot Assessment
municipal assessment of the land (excluding buildings)
Building Assessment
municipal assessment of the building(s)
Total Assessment
total assessment of the property, including land and building(s)
Yearly Tax
all recurring taxes and fees such as property tax, school tax, water/sewer, waste, etc.
Tax Rate
all taxes and fees as % of the property's assessed value
Property Tax
monthly municipal taxes and fees

Property Expenses

Replacement Cost
estimated cost to rebuild as new (RCN) at current prices
Repairs
average monthly cost of routine minor repairs and maintenance (plumbing/electrical, HVAC, roof patches, pests, paint/drywall touch-ups, filters/vents, gutters, battery replacement)
Repairs %
repairs as % of building replacement value
Insurance
monthly insurance premium covering fire, water damage, liability, vandalism and other property-related risks
Insurance %
insurance premium as % of building replacement value
Utilities
monthly electricity, gas, heating/cooling, water, internet, etc.
Services
monthly janitorial/cleaning, snow, landscaping, pest control, superintendent, concierge/door, etc.
Other
other monthly property expenses (condo/HOA fees, security, garbage fees, etc.)
Property Expenses
monthly property expenses

Acquisition Analysis

Acquisition Costs
total one-time acquisition costs
Acquisition Cash
total cash required to acquire the property
Carrying Expenses
monthly non-debt operating expenses (excludes mortgage)
Total Carrying Costs
total monthly cash outflows to carry the property
Avg Principal
average monthly principal repaid throughout the mortgage term
Costs less Principal
monthly carrying costs less average principal repayment

Planning & Permitting

Design
space planning, layouts, materials, interiors; exclude if covered by architecture
Design per Area
cost of design per gross area (GFA)
Architecture
architectural drawings and permitting; coordinate consultants; municipal interface
Architecture/Area
cost of architecture per gross area (GFA)
Consultants
environmental (ESA), geotechnical, civil, structural, MEP, energy modeling, code, acoustic, landscape, fire safety
Consultants/Area
cost of consultants per gross area (GFA)
Professional
legal, accounting, bookkeeping, contract review, dispute resolution, regulatory compliance
Professionals/Area
cost of legal and professional services per gross area (GFA)
Municipal Fees
Misc. taxes (e.g. parks tax), permits for construction and demolition, inspections, infrastructure contributions (sidewalks, sewer, utility upgrades), tree protection, etc.
Municipal Fees/Area
municipal fees per gross area (GFA)
Direct Costs
direct costs to plan and permit the development
Direct Permitting
cost of planning and permitting per gross area (GFA)

Development Costs Before Bridge Loan

Accrued Principal
total principal accrued during planning and permitting
Accrued Interest
total interest accrued during planning and permitting
Carrying Costs
total carrying costs throughout planning and permitting including mortgage payments, property taxes, insurance, repairs, etc.
Planning & Permits
total cost to plan and permit the development before contingency
Contingency
buffer for unexpected planning and permitting cost overruns
Contingency %
contingency as a % of planning and permitting costs
Permitting Costs
total cost to plan and permit the development
Permitting per Area
cost of planning and permitting per gross area (GFA)

Bridge Loan

Loan Duration
total months to pay back the bridge loan
Bridge Duration
total years to pay back the bridge loan
LTC
bridge loan size relative to total planning and permitting costs
Equity Ratio
bridge loan equity ratio
Interest Rate
yearly interest rate charged on the bridge loan
Origination %
origination fees as % of amount borrowed
Origination Fee
broker commissions, mortgage insurance, appraisal, and other one-time loan origination fees
Borrowed
amount borrowed
Equity Required
total bridge loan equity required
Interest
total interest accrued over the bridge loan term and capitalized into the balance
Financing Costs
total interest and fees accrued over the full term of the loan

Permitting Totals

Permitting
total planning and permitting costs including financing
Permitting per Area
cost of planning and permitting per gross area (GFA)
Permitting
total planning and permitting costs less any accrued principal
Permitting per Area
cost of planning and permitting per gross area (GFA) less any accrued principal
Total Cost
total preconstruction costs
Total Cost per Area
cost of preconstruction per gross area (GFA)
Equity Invested
total cash invested prior to bridge loan
Equity Required
total cash required for planning and permitting
Cash %
total cash required as % of total planning and permitting cost
Bridge Injection
additional equity required to secure the bridge loan
Cash Required
total cash required for preconstruction
Cash %
total cash required as % of total preconstruction cost

Dimensions

Lot Area
size of lot/land
Footprint
area of the building on the ground
Footprint %
ratio of lot size to building footprint
Gross Area
total gross floor area (GFA) across all floors
Num. Floors
number of floors the building occupies
Net Area
net usable floor area excluding shared/common spaces
Net Area %
net area as % of gross area (GFA)
Num. Units
total rentable units
Avg. Unit Size
average size of each unit

Direct Build Costs

Demolition
major structural demolition for ground-up development, decontamination, excavation, grading, temporary fencing and site preparation
Demolition per Area
cost of demolition per gross area (GFA)
Structure
foundation, framing, roof, exterior walls, windows, doors, insulation, plumbing, electrical, HVAC, fire systems, drywall
Structure per Area
cost of structure per gross area (GFA)
Interior
flooring, stairs, doors/trim, paint/wallcovering, millwork, counters, fixtures, appliances, lighting, window treatments
Interior per Area
cost of interior per gross area (GFA)
Landscaping
cost of driveway, pathways, gazebos, decks, terraces, sheds, pools, awnings, trees, plants, outdoor lighting
Landscaping per Area
cost of landscaping per gross area (GFA), not area of land being landscaped
General Contractor
general contractor (GC) oversight, including scheduling, trades, budgeting, and site supervision
GC per Area
cost of general contractor per gross area (GFA)
Construction Costs
direct construction costs
Construction/Area
total construction costs per gross area (GFA)

Build Duration

Duration
months to complete hard construction such as demolition, structure, interiors, landscaping

Construction Operating Expenses

Builder's Insurance
builder's insurance (course-of-construction insurance), to insure structures and materials from theft or damage during construction
Insurance %
builder's insurance premium as a % of hard costs
Utilities
total cost of utilities needed for construction: electricity, heating/cooling, water, internet, phone, connection/disconnection, etc.
Security
total cost of securing the construction site: surveillance cameras, motion lights, fencing, personnel, etc.
Other
miscellaneous jobsite costs: signage, portable toilets, pre-sale, snow removal, etc.
Operating Expenses
total operating expenses

Total Build Costs

Carrying Costs
total carrying costs throughout the build phase including mortgage payments, property taxes, insurance, repairs, etc.
Recurring Expenses
total recurring expenses throughout the build phase including carrying costs and operating expenses
Construction Costs
total construction costs before contingency
Contingency
buffer for unexpected construction cost overruns
Contingency %
contingency as a % of build costs
Construction Costs
total construction costs
Construction/Area
total construction costs per gross area (GFA)

Stabilization Costs

Duration
total months to achieve lender-approved stabilization for conversion to permanent mortgage
Stabilize
total years to achieve lender-approved stabilization for conversion to permanent mortgage
Base Expenses
total regular rental operating expenses accrued over the stabilization period
Occupancy Tax
one-time taxes/fees due before occupancy (e.g. occupancy permit, state tax, "self-supply" tax, GST/HST/QST, VAT, inspection fees)
Occupancy Tax %
occupancy tax rate as % of post-construction assessed value
Excess Leasing
extra leasing expenses incurred to achieve full occupancy (agents, marketing, etc.)
Excess Leasing %
excess leasing as a % of gross rent revenue
Excess Vacancy
shortfall in operating costs due to excess vacancy
Vacancy %
excess vacancy as a % of gross rent revenue
Temporary Utilities
utilities temporarily covered until tenant transfer
Legal & Other
other leasing-related expenses (management setup, legal fees, furnishings, etc.)
Stabilization Costs
total leasing and stabilization costs including occupancy-related taxes/fees

Developer Fee

Build & Stabilize
total cost to build and stabilize the development
Developer Fee
fee to manage and execute the development
Developer Fee %
developer fee as % of total build and stabilization costs

Development Costs Before Financing

Cash Invested
cash contributed prior to the construction loan
Equity Invested
equity contributed prior to the construction loan
Build Costs
total cost to build and stabilize the development
Development Costs
total cost for land acquisition, build costs and stabilization

Construction Loan

Loan Duration
total months to build and stabilize the property
Development
total years to build and stabilize the property
Max LTC
maximum allowable loan to cost ratio (LTC)
Interest Rate
yearly interest rate charged on the construction loan
Capitalized Interest
total interest accrued over the loan term and capitalized into the loan balance
Origination %
origination fees as % of amount borrowed
Origination Fees
broker commissions, mortgage insurance, appraisal, and other one-time loan origination fees
Borrowed
amount borrowed
Equity Required
total construction loan equity required
Actual LTC
actual loan to cost ratio after taking into account DCR constraints
Actual DCR
actual debt coverage ratio after taking into account LTC constraints
Financing Costs
total interest and fees accrued over the full term of the loan

Improvement

Loan Injection
additional equity required to secure the construction loan
TDC
total development cost including financing
TDC per Area
total development cost per gross area (GFA)
Cash Required
total cash required to complete the development
Development Cash %
total cash required as % of total development cost

Rent Revenue

Avg. Rent per Area
average monthly rent per net area
Avg. Rent per Unit
average monthly rent per unit
Rent Revenue
gross annual rent collected before expenses
Vacancy & Loss
annualized cost of vacancy and credit loss
Vacancy Rate
annual average rate of vacancy and credit loss as % of gross rent revenue
EGI
effective gross income after vacancy and credit loss

New Property Taxes

Lot Assessment
estimated land assessment after improvements
Building Assessment
estimated building(s) assessment after improvements
Total Assessment
total estimated municipal assessment after improvements
Tax Rate
annual property tax rate after improvements
New Property Tax
annual property tax after improvements

Rental Operating Expenses

Replacement Cost
estimated cost to rebuild the renovated building as new (RCN) at current prices
Insurance
annual insurance premium covering fire, water damage, liability, vandalism and other property-related risks
Insurance %
insurance premium as % of building replacement value
Repairs
average annual cost of routine minor repairs and maintenance (plumbing/electrical, HVAC, roof patches, pests, paint/drywall touch-ups, filters/vents, gutters, battery replacement)
Repairs %
repairs as % of building replacement value
Appliances
appliance replacement reserve (e.g., CMHC: $60 per appliance per unit annually)
Utilities
annual electricity, gas, heating/cooling, water, internet, etc. paid by owner (not tenants)
Services
annual janitorial/cleaning, snow, landscaping, pest control, superintendent, concierge/door, etc.
Other
other owner-paid annual expenses (not tenant-billed)
Operating Expenses
annual building operating expenses

Rental Management Expenses

Management Fee
annual fee for rent collection, tenant relations, maintenance coordination, reporting, basic accounting
Management Fee %
annual management fee as % of EGI
Leasing
annual costs for agent commissions, tenant placement, advertising, listing services, signage, etc.
Leasing %
leasing costs as % of EGI
Professional
annual expenses for accounting, bookkeeping, legal, administration
Other
other annual management expenses (e.g., compliance fees and licences, audit fees, banking fees, office supplies, software, etc.)
Management Expenses
annual property management and compliance costs

Net Operating Income

Recurring Expenses
total annual operating, management and tax expenses
Expense %
expenses as a % of EGI
NOI
annual net operating income after taxes and expenses
CapEx per Unit
annual reserve contribution per unit for future capital replacements
CapEx Reserve
annual reserve contribution for future capital replacements
NOI after CapEx
net income after deducting capital replacement reserve contributions

Market Value

Revenue Growth
assumed annual growth rate of rental revenues
Expense Growth
assumed annual growth rate of operating expenses
Forward NOI
projected net operating income after reserves for the next 12 months of operations
Cap Rate
capitalization rate applied to forward NOI after reserves to determine market value
Market Value
property value based on cap rate

Permanent Mortgage

Max LTV
maximum allowable loan to value ratio (LTV)
Min DCR
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Mortgage Rate
annual mortgage interest rate
Amortization
number of years to pay the mortgage in full (usually 25 or 30 years)
Compounding
how often interest is compounded (e.g., monthly US, semi-annually Canada)
Origination Fees
broker commissions, mortgage insurance, appraisal, and other one-time loan origination fees
Origination %
percent of amount borrowed that will be charged as a fee
Actual LTV
actual loan to value ratio after taking into account DCR constraints
Actual DCR
actual debt coverage ratio after taking into account LTV constraints
Borrowed
amount borrowed
Net Proceeds
net proceeds after financing costs
Equity Required
total permanent mortgage equity required
Mortgage Payment
monthly mortgage payment
Mortgage Payment
annual debt service on the long-term mortgage after stabilization

Operate

Cash Flow After Debt
net operating cash available after debt service obligations
Equity Returned
portion of investor equity repaid using proceeds from the permanent mortgage
CFAD
cash available for distribution after all expenses, fees, debt service, and reserves

Asset Management Fee

Asset Management Fee
annual fee paid to the sponsor for overseeing the property's performance
Asset Mgmt. Fee %
asset management fee as % of EGI

Exit Value

Hold Duration
number of years the property will be operated prior to sale
Ending NOI
projected net operating income after reserves for the 12 months following hold period
Cap Rate
capitalization rate applied to forward NOI after reserves to determine exit value
Exit Value
property value based on cap rate

Sales Costs

Light Renovations
minor renovations, touch-ups, or repairs to enhance market value
Marketing
marketing expenses not covered by broker commission (staging, furnishings, photography, video, signage, pre-sale events, etc.)
Legal
legal documentation and closing prep (disclosures, purchase agreements, certificate of location (CoL), etc.)
Other
miscellaneous upfront sale expenses (service disconnections, tenant buyouts, compliance, etc.)
Sales Costs
up-front sales costs paid prior to closing

Closing Costs

Broker Commission
broker/agent commission due at closing
Broker Commission %
broker/agent commission as % of sale price
Legal
complex deals may require additional legal work at closing not covered by the buyer
Other
utilities, municipal, tax adjustments, etc.
Closing Costs
total closing costs deducted from sale proceeds

Exit Fee

Exit Fee
one-time fee paid to the sponsor upon sale of the property
Exit Fee %
disposition fee as % of exit value

Mortgage Balance Repayment

Mortgage Balance
outstanding loan principal balance to be repaid at closing
Prepayment Penalty
penalty charged for early repayment of the mortgage
Prepayment Penalty %
prepayment penalty expressed as a percentage of the remaining loan balance
Discharge Fees
lender admin, registry/notary, CMHC release, and any prepayment penalties to retire or transfer the loan at sale
Mortgage Repayment
mortgage balance repayment at closing, including fees

Liquidate

Liquidation Costs
total costs of selling the property
Net Sale Proceeds
net proceeds from sale after costs and mortgage repayment
CapEx Reserve
unused capital expenditure reserve balance at time of sale
CapEx Return
unused capex reserve returned to seller
CapEx Return %
capex return as % of capex reserve
Net Cash to Equity
total cash available to equity at closing after sale proceeds and reserve return

Performance

Development Duration
total duration of the development in months
Development Duration
total duration of the development in years
Investment Lifecycle
total duration of the investment in months
Investment Lifecycle
total duration of the investment in years
Payback Period
total duration of the investment in years conservatively rounded
Operating Distrib.
cash returned to investors throughout operations
Total Cash to Equity
total cash returned to investors
Equity Invested
total cash invested
Net Profit
net return on cash invested
Equity Multiple
ratio of total cash returned to total equity invested
Cash-on-Cash
average annual ratio of operating cash distributions to total equity invested
IRR
annualized return on all equity cash flows

Development Costs Breakdown

Direct Closing Costs
total direct closing costs excluding taxes
Acquisition Costs
total costs to purchase and close the property excluding taxes and financing
Acquisition / Area
total acquisition costs per net area
Permitting Costs
total direct planning and permitting costs with contingency
Construction Costs
total hard costs to construct the property with contingency
Build Costs
total direct costs to architect, engineer and construct the property
Build / Area
total direct build costs per net area
Mortgage
total mortgage interest and origination fees paid throughout development
Bridge
total bridge loan interest and origination fees paid throughout development
Loan
total construction loan interest and origination fees paid throughout development
Financing Costs
total financing interest and fees paid throughout development
Financing / Area
total financing costs per net area
Build
total recurring expenses paid throughout development, excluding taxes and financing
Stabilization
total direct stabilization expenses paid throughout development, excluding taxes and financing
Operating Expenses
total recurring operating expenses paid throughout development
Operating / Area
total operating expenses per net area
Property Taxes
total property taxes paid throughout development
Municipal Fees
total municipal fees and taxes paid throughout build phase
Taxes & Regulatory
total taxes, permits and regulatory fees paid throughout development
Taxes / Area
total taxes and regulatory fees per net area
Dev. Compensation
compensation paid to the sponsor for managing the development
Developer / Area
total developer compensation per net area
TDC
total developement cost
TDC / Area
total development cost per net area