This commercial property calculator models net operating income (NOI), cap rate, debt service coverage (DSCR), and cash-on-cash return on income-producing commercial real estate — the same ratios Jaken Finance Group uses to underwrite CRE bridge and permanent loans.
Commercial property calculator
Model NOI, cap rate, and debt service on income-producing commercial real estate.
Monthly NOI
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Cap rate
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DSCR
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Cash-on-cash
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Commercial NOI and cap rate formulas
NOI = Effective gross income − operating expenses
Cap rate = Annual NOI ÷ property value
DSCR = Monthly NOI ÷ monthly debt service (P&I or IO)
Unlike residential DSCR on 2–4 unit, commercial underwriting relies on executed leases, CAM reconciliations, and tenant credit. Vacancy and TI reserves must be modeled on lease rollover — especially on multi-tenant retail.
Worked example: neighborhood strip center
| Line item | Annual |
|---|---|
| Effective gross income | $150,000 |
| Operating expenses | −$38,000 |
| NOI | $112,000 |
| Value @ 7.5% cap | $1,493,333 |
| Loan @ 65% LTV | $970,667 |
| Debt service @ 8.25%, 25yr | ~$92,400/yr |
| DSCR | 1.21 |
Commercial programs
- Commercial lending Chicago retail
- Commercial lending Illinois retail
- Bridge loans Chicago mixed-use
- Commercial real estate financing
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Calculator outputs are educational estimates only. CRE terms offered only to qualified borrowers on non-owner-occupied assets.