CHRIS HILL PROPERTIES - CALCULATOR UPDATE - OCTOBER 27, 2026

Replace earlier workbook versions with this file and re-enter deal assumptions.

Changes in this version:
- Down-payment amounts above the purchase price and percentages outside 0%-100% no longer produce invested-capital or return results. The calculator explains which input to correct.
- Intentional zero income, expense and vacancy overrides remain zero. Clearing an override restores the underlying calculation.
- Cleared growth assumptions leave dependent forecasts unavailable. Use 0% when no growth is intended.
- Other annual income appears separately in Deal at a Glance and remains included once in effective income.
- Each rent row accepts Monthly or Annual amounts through its Basis selector.
- Financing and refinancing prerequisites have been tightened while retaining the monthly debt ledger, balloon, refinance, reserve, capital-plan and sale-year calculations.
- Toolkit instructions now refer to the existing Deal Calculator worksheet and its Model Notes & Sources section.

Quick Fill totals override detailed entries. Clear the relevant total to use unit rents or itemized expenses. The workbook remains a macro-free .xlsx file.

Defaults remain 4% appreciation, 4% revenue growth and 3% expense growth. These are editable assumptions, not forecasts or guarantees. The example is fictional.
The companion PDF is unchanged and explains general deal-analysis concepts.
Before-tax educational model. Confirm actual loan terms and verify property-specific information.
