The "Setup"
Income and expense are entered as rates per square foot or per dwelling unit or as total amounts. Initial periods can be separately input as rent-up assumptions. Vacancy allowances may be input either against minimum or against total rents. Operating expenses can be expressed separately as fixed and variable. (Note: Vacancy does not effect AVI[42] or AVI[51].)
| input | description | help# | importance | frequency |
|---|---|---|---|---|
| AVI[53] | Vacancy rate (in normal operating years) | 331 | 5 | |
| AVI[40] | Minimum income/unit before vacancy(ex.AVI[7]units) | 331 | 4 | |
| AVI[55] | Operating expenses (fixed, per unit) | 331 | 4 | |
| AVI[41] | Other income/unit (vacancy applies;ex.AVI[7]units) | 331 | 3 | |
| AVI[56] | Variable expenses (percent of income) | 331 | 3 | |
| AVI[51] | Other income (vacancy rate not applied) | 331 | 2 | |
| AVI[198] | Annual bond issuer audit fee (adjustment to cap rate) | 331 | 1 |
