Investor Education
Multifamily Glossary
A quick reference for common terminology.
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Key takeaway
NOI: property revenue less operating expenses. Cap Rate: NOI divided by property value. T12: trailing twelve months of operations. Rent Roll: unit-level leasing schedule. DSCR: income available for debt service divided by required debt service. LTV: loan balance divided by value.
Educational Notice
This material is for general educational purposes only and is not investment, tax, legal, or accounting advice.