Illustrative sample — frozen DealVeto output built from seeded demo inputs. It is not a live pursuit, current market evidence, or a performance claim.
Stonebridge Flats
Investment Committee Summary
288 units · 14.6 ac · 19.7 u/ac · 889 SF avg · 1.7 parking
Screened Aug 7, 2026 · price book dvhi-2026.2-draft
Decision
WATCHLIST
Does not clear its hurdle on today's numbers.
- Yield on cost
- 3.92%
- Required
- 6.30%
- Gap
- -238 bps
- Confidence
- Moderate confidence
22 of 34 inputs entered · 13 pro forma fields not modeled
Core economics
- Land basis
- $11,500,000engine
- Hard cost
- $57,161,160engine
- Hard cost / program GSF
- $189/GSFengine
- Total development cost
- $91,897,358engine
- TDC / unit
- $319,088/unitengine
- Avg monthly effective rent
- $1,750/moengine
- Stabilized NOI
- $3,605,341engine
- Yield on cost
- 3.92%engine
- Required yield on cost
- 6.30%engine
- Development spread
- -1.28%engine
- Exit-cap basis
- 5.20%engine
What would have to change
- hardCost No clearing point inside the modeled range.does not clear in range · preconstruction
- landBasis No clearing point inside the modeled range.does not clear in range · acquisitions
- parkingRatio No clearing point inside the modeled range.does not clear in range · design
What you would have to believe
- Rent of $2,835/mo against a $1,517/mo market comp.
- Exit cap of 2.82% against a 5.20% basis.
These are not levers. They are what would have to be true. Each is solved on its own and they are not additive.
Assumptions and evidence limits
- Parking requirement not verified — No verified parcel minimum is on record; the ratio is an assumption, not a code check.
- Vacancy is a default — 6.0% — not supplied for this deal.
- Operating expense ratio is a default — 38% of EGI (TX garden) — not supplied for this deal.
- Debt % is a default — 60% — not supplied for this deal.
- Interest rate is a default — 7.2% — not supplied for this deal.
- Escalation is a default — 4.0% — not supplied for this deal.