pro-formula

I don't know what you are asking. Without a reference point, For example, if this property was in Podunk, MS, my thoughts would be that this isn't a good deal but if this deal was in Manhattan, NY, it would be a fantastic deal and you should snatch it up. Needless to say, the expenses that need to be given are also a determining fact of this deal.

Hi Bill,

Happy 4th , thanks so much for your help. Actually it's close to manhattan in westchester ny. I am unsure what a pro-forma really is though.

you are wanting information on a pro-forma statement, not a pro formula. A pro forma statement is produced by taking all of the projected revenue and then subtracting all of the normalized expenses for the property as if you have your units rented and there are ongoing expenses. It differs from an actual statement which is also called a P/L. Hope this helps.