{"summary":{"engine":"sfr","engine_version":"sfr-2.0.0","passed":4,"failed":0,"pending":0,"all_passing":true,"workbook_sha256":"40c492026ecd9c3c89c9fc176bf8962eb3f05473280a29f4d3ef3bc6d3dbecca","checked_at":"2026-09-05T13:30:28.321150+00:00"},"conventions":{"basis":"Basis = purchase price x (1 + transaction fees). Debt = LTC x basis; equity funds the balance plus all repair/occupancy costs.","lease_up":"Occupancy begins rehab_months + 2 months after purchase; no revenue or opex before occupancy. Repairs spent evenly over the rehab months.","escalation":"Rent escalates on the occupancy anniversary; operating expenses escalate on the calendar year. Vacancy is a % of gross rent.","debt":"Standard monthly amortisation (interest lags one month); the full remaining balance is repaid at exit.","sale":"Sale value = exit-month NOI annualised / exit cap rate, less sale costs.","returns":"Reported unlevered and levered. IRR via the composed XIRR engine (ACT/365) on monthly dated cash flows — the same convention as the XIRR agent. Equity multiple = inflows / outflows. These are project-level (pre-waterfall)."},"tolerances":{"cash":0.6,"irr":0.0003,"moic":0.001},"cases":[{"id":"sfr_project_base","status":"pass","source":{"workbook":"sfr.xlsx","sha256":"40c492026ecd9c3c89c9fc176bf8962eb3f05473280a29f4d3ef3bc6d3dbecca","cells":"Summary O24:O30 returns, K24/K26 equity/debt; Proforma B12/B29/B39/B41/B44/B46"}},{"id":"sfr_hold_5yr","status":"pass","source":{"workbook":"sfr_Hold.xlsx","sha256":"711cf0526d3039e1c620a57792f7423ddd8fb1dbfd10cf5500b07c229ef8fe35","cells":"Summary O24:O30 returns, K24/K26 equity/debt; Proforma B12/B29/B39/B41/B44/B46"}},{"id":"sfr_io_24mo","status":"pass","source":{"workbook":"sfr_IO.xlsx","sha256":"17ae178d5e53693c29ea17659411c730e6a5e634689474038a70d4093f03022d","cells":"Summary O24:O30 returns, K24/K26 equity/debt; Proforma B12/B29/B39/B41/B44/B46"}},{"id":"sfr_unlevered","status":"pass","source":{"workbook":"sfr_LTV.xlsx","sha256":"3431dd75c248d33a7f807e5239e84923bc4ffbeeb735ff34b0d9d777a8d01b8e","cells":"Summary O24:O30 returns, K24/K26 equity/debt; Proforma B12/B29/B39/B41/B44/B46"}}]}