Development concept is PlatNum's name for a build-and-exit option. Asking price is the seller's advertised price. Purchase basis is the acquisition cost used in the model. Max bid is the highest price that still meets the selected return target.
- Margin on cost
- Gross profit ÷ total development cost × 100. Strong: 15% or more. Viable: 5% to under 15%. Marginal: 0% to under 5%. Negative: below 0%.
- Yield on cost
- Annual net operating income (NOI) divided by total development cost.
- Assessed / lot SF
- County assessed land plus improvements, divided by the parcel’s lot area. A location-value measure: it tracks where a parcel is rather than how big it is.
- $ / building SF
- Sale price divided by the building’s floor area. Not comparable to assessed value per lot square foot, which is measured over land rather than structure.
- Pipeline phase
- Where a permit sits in its jurisdiction’s process — applied, under construction, or completed. Derived from the permit’s own dates, not from its status text.
- Units by structure size
- Residential units permitted, split by how many units the building holds: 1, 2, 3–4, or 5 and above. A count of units, not of buildings.
- Construction value
- Declared construction cost from the permit application, as reported to the Census Building Permits Survey. Not a market or assessed value.
- Cap rate
- Annual net operating income (NOI) divided by property value.
- Debt yield
- Annual net operating income (NOI) divided by the loan amount.
- DSCR
- Annual net operating income (NOI) divided by annual debt payments.
- LTC
- Loan amount divided by total development cost.
- LTV
- Loan amount divided by stabilized property value.
- Land residual
- Value left for the property after development costs and the target return.
- Max bid
- The most you can pay for the property and still meet the selected return target.
- Purchase basis
- The acquisition cost used by the model, from the best available price source.
- Lot-shape marketability
- A screening comparison of a proposed lot’s buildable home footprint with a reference set of detached homes. It reduces only added-lot value when a footprint is unusually small, narrow, or irregular; it is not a measure of buyer demand, sales comparables, or absorption.
- Stabilized value
- Estimated property value after construction and lease-up.