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03

Financial modeling

Underwriting analyst

How do operating, capital, debt, and exit assumptions change returns?

Scenario Compare · Eastside Yards

deterministic overrides · benchmarked against the realized Cedar Park 120 exit

Levered IRR by scenario

Rent growthLTVCoC avg
Base8.00%3.0%73%15.8%2.04x7.8%$6,864,000
Downside8.75%1.5%73%7.8%7.9pp1.34x7.8%$2,252,681
Upside7.50%4.0%73%20.8%▲ +5.0pp2.59x7.8%$10,472,680
Cedar Park 120Realized5.70%4.0%66%16.8%▲ +1.0pp2.06x6.1%$8,586,000