Operating model overview

How the monthly P&L grid works

The operating model is a monthly grid that tracks income, expenses, NOI, debt service, and cash flow across your hold period.

Grid structure

The P&L runs in this order:

Section	Description
Income	Gross rent, other income
Operating expenses	All OpEx line items
NOI	Net operating income
Debt service	Interest and principal per tranche
Net income	NOI minus debt service
Cash flow from operations	Net income adjusted for non-cash items
DSCR	Debt service coverage ratio
Distributions	Distributable cash per investor
Capital events	Sale or refi proceeds

Data modes

Each line item supports four data modes:

• Actual — imported or manually entered historical data
• Budget — approved budget figures
• Forecast — forward-looking projections
• Blended — actual for past periods, forecast for future periods

Inline editing

Click any cell to edit it directly. Changes are versioned automatically — you can always revert to a previous version.