Term
Rental Rate Formula
Percentage Lease |
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Definition
Annual Gross Sales - Gross Sales level specified in lease = Sales subject to rent
Sales Subject to rent* Percent in lease = additional rent
Base Rent from lease + additional rent = Total Rent |
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Term
Rental Rate Formulas
Index Lease |
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Definition
New indes - original indes = change in index/ original index = percent change
Original rent * perent change = increase in rent
Increase in rent + original rent = new rent |
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Term
Financial Ratio Formula
Housing Expense Ratio (HER) |
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Definition
| Monthly housing expenses / monthly gross income = HER |
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Term
Financial Ratio Formula
Total Obligation Ratio (TOR) |
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Definition
| Total Monthly Obligations/monthly gross income = Total obligations ratio |
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Term
Financial Ratio Formula
Loan to Value Ratio (LTV) |
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Definition
| Loan Amount / Sale Price or value = Loan to Value Ratio |
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Term
Profit or Loss Formula
Profit or Loss |
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Definition
| Sale price - cost = Profit or Loss |
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Term
Profit or Loss Formula
Percent of Profit or Loss |
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Definition
| Profit (-Loss_ / cost = percent of Profit or loss |
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Term
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Definition
| Effective Age/Economic Life*Reproduction Cost New = Accrued Depreciation |
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Term
| Gross Rent Multiplier (GRM) |
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Definition
| Sale Price/Monthly Rent=GRM |
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Term
| Gross Income Multiplier (GIM) |
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Definition
| Sale Price/Annual Gross Income = GIM |
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