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$10 / pet / mo
Partner share: $5.00 / pet / mo → $60 / pet / yr
Sponsored Membership (Including SA & ESA)
Sponsored fee$45 / animal
Partner share: $22.50 / 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
$7,200/yr
50% of $10/mo × 120 pets
Sponsored Membership NOIIN NOI
$810
50% of $45 × 36 SA/ESA
Total incremental NOIIN NOI
$62,010/year
Tiered rent + hidden pets + community membership + sponsored membership − costs
NOI per unit
$310/unit/yr
Asset value
$1,240,200
@ 5.0% cap
Deposit poolEXCL.
$36,000cash
Balance sheet
Portfolio Scale-Up
ScenarioUnitsReg. PetsHiddenTieredHidden NOIMembershipSponsoredTotal NOIDeposits
Current property20012060$36,000$18,000$7,200$810$62,010$36,000
Custom (1,000 u)1,000600300$180,000$90,000$36,000$4,050$310,050$180,000
Example (5,000 u)5,0003,0001,500$900,000$450,000$180,000$20,250$1,550,250$900,000
National (10,000 u)10,0006,0003,000$1,800,000$900,000$360,000$40,500$3,100,500$1,800,000
Asset Value at 5.0% Cap Rate
Current property
$1,240,200
Custom portfolio
$6,201,000
Example (5,000 u)
$31,005,000
National (10,000 u)
$62,010,000

⚠ 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.