PawFredNOI Calculator

Instant underwriting model for portfolio managers

Scenario Inputs
Property & Pets
Property units200 units
Registered pet penetration60.0%
Exit cap rate5.0%
Custom portfolio units1,000 units
Pet Rent Revenue
Monthly tiered pet rent uplift$25 / pet / mo
Hidden pets captured rate30.0%
Monthly rent on hidden pets$25 / pet / mo
Pet deposit per registered pet$300 / pet
Animal Community Membership
Monthly fee$5 / pet / mo
Partner share: $2.50 / pet / mo → $30 / pet / yr
Sponsored Membership (Including SA & ESA)
Sponsored fee$30 / animal
Partner share: $15.00 / animal
Costs
Platform cost (annual)$0 / yr
Impact Summary — Current Property
Registered petsEXCL.
120pets
Units × penetration
Hidden petsEXCL.
60pets
Units × capture rate
SA/ESA animalsEXCL.
36animals
30% of reg. pets
Tiered pet rent NOIIN NOI
$36,000/yr
Risk-based tiered rent
Hidden pets NOIIN NOI
$18,000/yr
No-pet attestation
Community Membership NOIIN NOI
$3,600/yr
50% of $5/mo × 120 pets
Sponsored Membership NOIIN NOI
$540
50% of $30 × 36 SA/ESA
Total incremental NOIIN NOI
$58,140/year
Tiered rent + hidden pets + community membership + sponsored membership − costs
NOI per unit
$291/unit/yr
Asset value
$1,162,800
@ 5.0% cap
Deposit poolEXCL.
$36,000cash
Balance sheet
Portfolio Scale-Up
ScenarioUnitsReg. PetsHiddenTieredHidden NOIMembershipSponsoredTotal NOIDeposits
Current property20012060$36,000$18,000$3,600$540$58,140$36,000
Custom (1,000 u)1,000600300$180,000$90,000$18,000$2,700$290,700$180,000
Example (5,000 u)5,0003,0001,500$900,000$450,000$90,000$13,500$1,453,500$900,000
National (10,000 u)10,0006,0003,000$1,800,000$900,000$180,000$27,000$2,907,000$1,800,000
Asset Value at 5.0% Cap Rate
Current property
$1,162,800
Custom portfolio
$5,814,000
Example (5,000 u)
$29,070,000
National (10,000 u)
$58,140,000

⚠ Pet deposits excluded from NOI (shown as cash held). Community Membership and Sponsored Membership each contribute 50% of collected fees to partner NOI. SA/ESA pool capped at 30% of registered pets.