Financial Metrics for Measuring Progress

[Sheldon Peart]

Hello Everyone, 

I am looking for some opinions here regarding tracking financial progress with operating small multi-family properties.

We recently bought a 4-plex with a silent partner who provided half the equity, I am the managing partner since the property is located in the town my Wife and I live, while our partner lives about 6 hours away and prefers to be a silent partner. We have intentions of buying a second 4-plex off the same owner sometime in 2019 when they decide to retire. 

I am putting together a report to explain how the properties are performing and the types of challenges we have experienced so far, and how we plan to manage the properties going forward. I want to provide the information to our partner that i would expect/want if our positions were reversed. The following are the metrics i am thinking are most important in measuring progress as the years go on, please let me know if there are better metrics to use.

- Return on Shareholders Equity

- NOI

- ROI

- Cash-on-cash return (this was one of the main metrics we used to find the property, with our target being 15%)

I believe these are sufficient in measuring a real estate portfolio's progress from year to year, I would really appreciate any insight or advice people may have. 

Thanks, 

Sheldon