The template will take your unique inputs and assumptions for your property and acquisition details to automatically calculate and build your Income Statement (Profit & Loss), Balance Sheet, and Cash Flow statement. Any change you make on the input tabs will automatically be calculated and updated on your financial statements making for easy changes and experimentation. The financial statements are easily exported or printed for lender and investor presentations.

Financial Statements Included:

• 10 Year Income Statement Annual Summary
• 10 Year Income Statement Monthly Breakdown
• 10 year Cash Flow Statement Annual Summary
• 10 year Cash Flow Statement Monthly Breakdown
• 10 Year Projected Balance Sheet Annual Summary
• 10 Year Projected Balance Sheet Monthly Breakdown

Our At-A-Glance dashboard offers a concise financial overview of your Condo projections. With key financial ratios like vacancy rate, return on equity, and debt service coverage ratio. This tab, filled with tables, charts, and graphs can easily be copied into a lender or investor presentation.

Visualizations Include:

• Cash flow at a glance
• Potential gross income, Effective Gross Income and NOI
• Key financial ratios - Effective Vacancy Rate and Operating Profit Margin
• Operational cash flow visuals - breakeven analysis
• Purchase and renovation budget summary

Tailored for Condo Developers, this model provides a structured breakdown of sales projections, asset valuations, and recurring revenue to support accurate forecasting and seamless integration into your financial statements.

Condo Sales Revenue: Forecast revenue by unit type, including Studios, One-Bedroom, Two-Bedroom, Three-Bedroom, and Penthouse Suites. Track total units sold, average price per unit, and projected gain on sale per condo.

Construction and Development Costs: Budget for direct and indirect build costs, monitor construction spending over time, and calculate the book value of completed condos.

Cash Flow from Sales: Estimate revenue timing from pre-sales, deposits, and final closings. Track customer deposit liabilities and cumulative cash collections per unit.

HOA Fee Revenue: Project ongoing monthly revenue from homeowner association fees per unit. Account for total condos sold, fee escalation, and annual growth rate.

Vacation Rental Income: For units enrolled in rental programs, estimate nightly rental revenue based on average occupancy, nightly rates, and rental management fees. Factor in seasonal pricing and projected annual rate increases.

Asset Valuation & Debt Paydown: Monitor condo asset book value, gain on sale of assets, and reduction of construction-related debt over time.

Financial Statements: All assumptions and revenue streams automatically populate financial reports, providing a comprehensive view of sales, operations, and ongoing revenue.

‍

Marketing & Launch Costs: Budget for grand opening promotions, ongoing monthly marketing, and website development to attract both buyers and vacation renters.

Ongoing Maintenance & Operations: Account for recurring maintenance expenses for common areas, condo exteriors, or unsold inventory.

Administrative Expenses: Include costs for office supplies, software tools, and other general business operations essential for managing sales, rentals, and HOAs.

Insurance Coverage: Plan for Worker’s Compensation and General Liability insurance to protect the development team and operations during construction and ongoing management phases.

Rental Management Fees: Track costs associated with outsourced vacation rental management, including listing management, guest communications, and cleaning coordination.

Financial Statements: All fixed costs and staffing assumptions automatically feed into financial statements for transparent and consistent reporting.

‍

This model tracks construction-related fixed assets, development costs, and depreciation to support capital planning, cost allocation, and financial statement integration.

Fixed Asset Categories: Define key construction asset types including Land Development, Building & Improvements, Equipment, Furniture & Fixtures, and Other Fixed Assets. Assign useful life for depreciation tracking where applicable.

Depreciation Tracking: Enter depreciation start month to align expense recognition with construction completion and operational start. Depreciation is automatically calculated for each asset class.

Development Phase Spending: Monitor cash expenditures across each month of development, including hard construction costs, general contractor fees, grading, parking lot construction, and equipment rental. The model supports monthly allocation of costs based on unit volume and build timelines.

Condo vs. Other Assets: Distinguish between condo-related expenditures and other capital assets (e.g., office furnishings, tools, or non-residential equipment) to maintain accurate asset classification and reporting.

Cumulative Construction Spend: Track cumulative investment into each category, giving visibility into total development costs and capitalized fixed assets at any given time.

Depreciation Schedules: Asset values are automatically linked to the depreciation schedule, allowing for accurate reporting of book value, depreciation expense, and accumulated depreciation over time.

Construction Debt and Equity Draws: Plan and monitor equity investment use and track draw schedules for construction loans. Identify how much funding is being used and when.

Post-Construction Capital Assets: Use the dedicated section for tracking additional assets acquired after the initial build, such as renovations, office furniture, or computers for administrative staff.

Financial Statements: All capital investments and depreciation data seamlessly integrate into financial reports, ensuring clarity and accuracy across your asset base and development timeline.

‍