This model was built for quickly assessing multifamily redevelopment opportunities. It was designed to work best for scenarios where individual units will be rehabbed over the hold at varying times. It’s a simple way to quickly analyze the viability of this type of multifamily investment.
It can work for properties with 1-12 units. There are more appropriate models out there for one and two-unit properties – see Spencer’s single-family investment model. This model is not meant for new development.