Valuation of an Income Generating Property

This model can be used to value property


The user must define the following inputs:
- Building Space
- Occupancy
- Rental Income
- Operating expenses
- Operating income before depreciation

Note: this model is being shared with the authorization of Professor Aswath Damodaran from NYU Stern Business School (

This business tool includes
1 Excel Model

Prof. Aswath Damodaran offers you this business tool for free!

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Further information

Outputs key metrics for valuing property and investment


Discussion feed for Valuation Of An Income Generating Property

The user community and author are here to help. Go ahead!

  • Faiz Abhuani
    Oh and what are "beggining" and "terminal years"?
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    • Faiz Abhuani
      Hi there! Thanks so much for this great model. I am trying my hand at developing a financial projection for a community housing project in Montreal. My objective is to know what my cashflow will be every year for the next 30 years. You can learn more about it here: - In any case, quick question: by "vacancy rate" you mean "occupancy rate", right? Thanks!
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      • Prof. Aswath Damodaran
        The vacancy rate is the occupancy rate (I screwed up there because it is usually 1- occupancy rate). The beginning year is the base year (usually most recent year) and the terminal year is year 6.
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        please wait...