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Vacancy & expense sensitivity

A table of net before depreciation under three vacancy rates and one expense shock.

Three layers stay separate: Market context is not on this table · Cash flow (vacancy and expenses) · Tax education (how net before depreciation moves). No blended after-tax return from live FMR.

Estimates for planning; not tax/legal advice.

Base case (annual)

Shown for context. Scenario percents below drive the table.

Exclude depreciation. Repeat inputs here, or arrive from the estimator hash (numbers only. no names or addresses).

Example: 10 means expenses × 1.10 on every row. 0 leaves expenses unchanged.

Three vacancy scenarios (%)
Inputs, formulas, assumptions, sources

Inputs. Base rents, a base vacancy percent (context), base operating expenses excluding depreciation, an expense-shock percent, and three vacancy scenario percents.

Formulas. For each scenario: vacancy loss = rents × scenario%; effective rent = rents − vacancy loss; shocked expenses = base expenses × (1 + shock/100); net before depreciation = effective rent − shocked expenses.

Assumptions. Vacancy and one expense shock on the cash you enter. Depreciation, debt service, and tax rates stay off this table.