FREE VALUATION MODEL · v1.2
Free Real Estate DCF Valuation Model
Value property cash flow using explicit income, expenses, capex, discounting and terminal value.
Immediate downloadNo credit cardDirect .xlsx file
Download free model- Editable formulas and assumptions
- Base and downside cases
- Built-in reconciliation checks
- Investor and lender outputs
Real Estate DCF Valuation Model v1.2
Updated 17 September 2026. The screenshots are generated from the actual workbook. Illustrative defaults must be replaced and independently reviewed for live decisions.
WHAT THE MODEL DOES
From assumptions to an auditable investment case.
A transparent annual real estate DCF. It forecasts rent, vacancy, operating costs and recurring capex, discounts net investment cash flow and calculates a terminal value from forward NOI and an exit cap rate.
How to use it
- Read the instructions and checks before changing the workbook.
- Replace blue input cells with deal-specific costs, timing, operations and financing.
- Review monthly cash flow, peak funding and the debt schedule before relying on returns.
- Run the downside case and confirm every validation check equals zero.
- Export the dashboard only after an independent review of assumptions and formulas.
MODEL STRUCTURE
Worksheets included
01Dashboard
02Assumptions
03Forecast
04Sensitivity
05Checks
06ReadMe
WHO IT IS FOR
Built for the full deal team
InvestorsValuersInvestment analystsFamily officesLenders
Quality controls
Cash flow, debt and distribution schedules include model-specific checks. All IRR formulas use explicit, cash-flow-appropriate starting guesses to avoid false convergence errors.
CLEAR ANSWERS