Recommended financial models for apartments?

[Michelle Watt]

Hi everyone,

I am fully aware of the BP calculators (which are awesome), but as I am a finance person and like to see things being calculated in excel (or a platform with greater granularity), do you have any financial model examples for valuing apartment complexes and modeling out their cash flow? I'm aware of ARGUS as well those I've seen from Googling, but I definitely trust the opinions of BP members and just wanted to see if there was anything you guys could recommend from your experience.

Ideally hoping to start within the 20 unit range, but open to all shapes and sizes to become more familiar.

Thank you!

Michelle

[Tony Blaine]

Hi Michelle, I use the Opportunity Evaluator by J. Scott Scheel. It uses Excel format and does all the calculating for you from current to projected financials for presenting them to your network of investors,etc. 

I've used this for the last few years and haven't needed anything else. I'm open to also knowing what other people use.