Staying on top of your Property Metrics is vital to understanding the performance of your properties. This also has a significant impact on the decisions you make with your properties. On the Property Analytics page, Baselane enables you to easily keep track of the most important metrics across your portfolio.
All metrics can be viewed either on a per-property basis or in aggregate across your portfolio and can be shown for different time periods (using the filters on the top right). A summary view of these metrics across your portfolio is also shown on the Dashboard.
Specifically, Baselane enables you to track 5 key performance metrics. You can toggle between them by navigating the different tabs on the Property Analytics page. Note that some of these features are coming soon:
Asset value and appreciation – This is measured by your initial inputs of the purchase price and current market value. We also automatically integrate data from Zillow, which you can use to guide your inputs on the property page.
Net Operating Income (NOI) – This metric is determined by Total Revenue (Rental Income and Other Fees) less Total Operating Expenses (all Expenses except Interest, Taxes, and Depreciation). This metric is key to understanding the profitability of your rentals and is an important contributing factor for other metrics.
Return on Equity – This is measured by calculating your total return (NOI - CapEx and financings costs + accumulated gain/loss) relative to your equity stake in your properties. ROE is an important measure of performance relative to the equity you invested.
Cash-on-Cash Return – Similar to Return on Equity, Cash-on-cash return tracks your performance relative to your initial investment. However, cash-on-cash return looks only at cash return and takes into account all initial cash outlays. It is calculated as YTD annual pre-tax cash flow divided by initial cash outlay.
Cap Rate – Cap rate tracks your property’s performance relative to the current asset value. It is calculated by dividing your property’s NOI by its Current Asset Value. The cap rate is a quick way to understand the yield on your investment and compare it to other similar properties in the same geography.