Work out cash flow after financing instantly with clear inputs, formula shown and shareable results.
Cash flow after financing takes net operating income, deducts debt service and a reserve for capital replacement, then applies tax to what remains. The debt service coverage ratio shown alongside is the lender's key test: NOI divided by debt service, with 1.25 the usual minimum for stabilised property.
Cash flow
Before tax = NOI - debt service - capex reserve; after tax = before tax x (1 - tax rate)
Coverage
DSCR = NOI / annual debt service
Before tax = NOI - debt service - capex reserve; after tax = before tax x (1 - tax rate). Cash flow after financing takes net operating income, deducts debt service and a reserve for capital replacement, then applies tax to what remains.
Roofs, lifts and plant fail on a long cycle but they fail. Treating cash flow as distributable without a reserve overstates sustainable income and eventually forces a capital call.
This calculator takes 4 inputs: Net operating income, Annual debt service, Capital expenditure reserve, Effective tax rate. The pre-filled defaults are a realistic worked example — replace them with your own site or project figures.