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Features
Wow... its smart, easy, flexible software!
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Version I
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Version II
Extra Powerful Calculations for...
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Includes all of Version 1... plus these items! |
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Income
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10-year cash flow projection (expandable 2 to 20
years!)
• Rent roll for up to 60 tenants
• Unlimited dollars & values
• Year 1 Rent auto-blends the mid-year bumps of
each lease!
Accurate to the day!
• For office, retail,
industrial .... any type of standard commercial
investment property! (for apartments/multi-plex
version - call)
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Income
Replaces
Argus's powerful features and more!
• Powerful
programming for lease rollovers!
Roll to Renewals and Market Rent based on renewal probabilities
for each tenant! Accurate to the day! Powerful
behind-the-scenes
programming!
• More Rent input options:
Easy Stepped Rent (fixed
rent amounts in any year)
Percentage Rent
Renewals have multiple
easy ways to input, including option
for rent to renew "at market". |
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Expenses
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Step-up levels of
simple to more complex expense inputs /
analysis. No over-working a simple analysis!
• Tenanting Expenses: Easy
application for Tenant
Improvements & Leasing Commissions!
• Other: You can separately
input non-regular expenses. |
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Expenses
• Powerful programming for lease rollovers,
for tenanting expenses!
Renewal & Market assumptions for tenant improvements, leasing
commissions, free rent, and vacancy/downtime, etc.
Default to same for each tenant, or apply different.
• Stepped expense increases - by line item.
Including stepped
assessed value and stepped tax rate.
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Value
• Automated returns of
Cap Rate,
Yield IRR, MIRR, Discount Rate,
PV, Cash on Cash.
• Audit
the rent cash flow line for each tenant: Audit-check for
correct input. All on a single
worksheet!
• Easy calculation of net
end sale price (terminal sale).
• Loans
Up to 3 fixed-interest loans + 1 refinance.
(see below for more detail)
• Tax
After tax cash flows. Calculate depreciation benefits.
(see below for more detail)
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Value
• Simple
toggle to
change analysis between Simple and
Complex.
Keeping it SIMPLE! So if you want a full valuation
before inputting
Renewals and Market assumptions ... then Toggle Simple.
If you later input then... Toggle Complex!
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| Items below are in BOTH versions 1 and 2!
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Automated! |
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• Dashboard overview
with sensitivity inputs in one spot!
• Print
& Copy buttons throughout are
automated 1-click
Click
Copy, then easily paste into Word.
• Auto-populate your Company Name
throughout!
• Flexible formats that can
be changed.
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Inputs are easy and intuitive!
Important audit-checks! You
don't have to go back and check if you forgot what you did!
These are on the Dashboard!
Color coded fonts so you know exactly where
to input/overwrite data and which numbers/cells are
automated/program cells. Simply, red/maroon font for your
inputs, blue/black font for program cells!
Duplicate Input one lease and copy it so
you don't have to re-input same data.
Tech or Valuation Help is readily available
when you need it - call or text. We are usually available 7
days a week! If we don't answer your call, simply leave a
phone/text message for a quick call back. You can also set
up an appointment. |
Easy |
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Accurate |
• Powerful programming automates the
complex calculations.
• Excellent user-clarity on how
returns are calculated! Visually and by formula
transparency!
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Transparency! Most cells can be easily
followed (forward or backward) and the
formulas are there for you to see how
they work!
•
MS Excel ModernValue is an Excel based
program because of its powerful
programming capability, user-friendly experience, and
program stability!
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General inflation/Growth Easily changed - and can vary year by year - in
the four separate categories of: rent, expenses,
other income, and capital items!
Other Software You can import cash flow data
from other software for
a better final analysis within
ModernValue.
Stepped Rent allows for simple inputs of
fixed rents for each tenant. |
Flexible |
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Audit Alerts |
Important audit alerts located on
the Dashboard Automated double-checks for you!
Some items
allow you to change from a steady increase to varying
increases/decreases each year. For examples: overall rent
and rent vacancy, market rent and market vacancy for each
tenant (version 2 only), and inflation categories.
But you don't need to be afraid of
changing these (you may later forget what you did), because
the Dashboard tells you if it is
unsteady - alerting you that you made manual changes! And
don't worry, your changes are easy to change back to steady!
Other Alerts include: an
alert if you inputted any Stepped rents, if you applied
After-Tax calculations, if your End Sale was a Capital Gain
or Loss, and more!
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Reports Premium designed for placement in
professional reports and brochures for investors,
lenders, or buyers and sellers!
Tax After tax
cash flows! Can be simply toggled on/off.
Sophisticated analysis is done on a single
worksheet by inputting your marginal tax rates and applying them: Income Tax rate
(for yearly income tax), Depreciation Tax savings, and for
the final sale - Capital Gain tax and Tax on allowable
Recapture of prior depreciation booked. Four different
ways to easily apply a value to the land portion (which is
taken out of depreciation calculation) -
including assessed value, or by simply applying a rule-of-thumb percentage.
Worksheet & formulas can be modified (not guaranteed IRS compliant).
Loans Up to 3 fixed-interest loans and 1 refinance
with full amortization tables. Input LTV or loan dollar
amount, years of amortization, loan points, interest rate,
and apply interest-only. Debt Coverage Ratios calculate for
each cash flow year. Amortization table. Other loans types could be
added manually.
Miscellaneous Non-regular income and expenses
Items can be added - in any year! Input in the year it
happens in today's dollars - automation inflates it
for you. It is very simple! Inputs here may
include: Acquisition costs, partnership expenses,
non-regular expenses (example: renovation costs), non-regular
income.
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Complete |
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Extras |
4 Automated Graphs of
cash flow. Copy & modify as you need.
Helpful notes on items of possible confusion.
Partnerships
Simple and Preferred partnerships. Detailing equity and
return proportions. Call or email to get a copy of how
preferred is structured.
Break-Even Easily
change rent or vacancy to find Year 1 break-even point, in a
stand-alone analysis.
Lease Expiration Chart
of Current Leases (fully automated) showing number
of tenants expiring, percent of square feet expiring, and
dollars expiring each year. (Lenders are interested in these numbers!)
(see Screeshots PDF)
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Moving Cap Rate
A proper analysis to visualize how Value and Cap Rate can
change each year.
Expense Comparable Data
Get comfortable with the reasonableness of your expense line
items! Do they appear high or low? This is where sellers
manipulate data (besides of course, vacancy and market
rent)! You will be an instant pro! Quickly scrap an
overpriced property or see opportunity in an underpriced
property!
About this Expense Comparable Data: This is hard-to-get, quality data of
nationwide properties! This is not second-hand data. It was
all obtained by Stuart Haxton over 2 years! Range & median
line-item expenses per sf from a large sample of data of: Typical
multi-tenant office and retail buildings of $5 million to
$10 million in value, in the US. Buildings of one or two
levels with parking lots and less than 10 years old. Data
compiled over years of 2006 to 2007. Cost outlyer regions
(like NY, coastal, depressed regions) excluded from this
sample data.
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Special Extras! |
Stuart Haxton Company
| Copyright ©
2007-Present | All Rights Reserved |
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