The Financial section is the 10-year pro-forma for the property — the modeled NOI build-up, capital plan, debt-service schedule, and resulting Net Cash Flow. This is the section where Relm Pro replaces a folder full of Excel files. On the property overview its card is titled Financial Analysis; the full page is Financial Pro-Forma.
What's in here
The pro-forma is structured as a stack of stable line items running across 10 years (Year 1 through Year 10):
- Income — Gross Potential Income, Other Income, Vacancy & Credit Loss, Effective Gross Income.
- Operating Expenses — Property Taxes, Insurance, Utilities, Repairs, Maintenance, Marketing, Management Fees, Reserves, total OpEx.
- NOI — Effective Gross Income minus OpEx.
- Capital Items — Capex, TI, LC, one-time inflows.
- Debt Service — Principal + interest on the modeled loan.
- Net Cash Flow (NCF) —
NOI + Capital Items - Debt Service.
Above the model: headline metrics (NOI, cap rate, DSCR, cash-on-cash, estimated property value), a cap-rate analysis, and your financing assumptions (purchase price, down payment and LTV, interest rate, loan term). Below NCF: cash-flow and valuation rows, including equity multiple.
Generating the model
Once a property has been researched, the Financial Analysis card on the overview shows a Generate Pro-Forma button, and the Financial Pro-Forma page shows Run Financial Analysis (or Build Pro-Forma Manually to start from a blank template). Relm builds the full model from the property data, your uploads, and asset-class benchmarks. Generation takes 7–20 minutes.
The AI pro-forma waits for research: until the Intel Report has run on the property, the button reads Run Intel Report first. To have the pro-forma built as soon as research finishes, tick Run Financial Analysis automatically when Intel Report finishes when you start an Intel Report.
On the Self-Serve plan, generation is charged in credits when the run completes, based on the data and AI work it delivers — typically 30–110 credits for the pro-forma alone, depending on property size. You get 1,000 credits per month, banked up to 4,000 (plus 250 free on signup). Enterprise uses a larger metered allowance. See Credits explained.
Editing the model
Click Edit in the pro-forma toolbar, then click any value to edit it. Downstream cells recompute live. A save bar at the bottom of the screen tracks your unsaved changes — save them all at once with Save Changes, or Discard. See Edit mode and the save bar.
Live preview & work mode
While Relm generates the pro-forma, a live preview fills in the table as each line item is computed, so you can watch the model take shape. While you're editing, computed rows update as you type, so you can see the impact on NOI and NCF before you save. Work Mode expands the pro-forma table to fill the screen — click Exit Work Mode or press Esc to return. See Live preview & work mode.
Exporting to Excel
When you're ready to share the model:
- Export Excel downloads a .xlsx with the full pro-forma, formulas live (so any cell that depends on rent growth recomputes if rent growth is edited downstream).
- The Excel add-in can also import the pro-forma directly into a sheet you're already working in.
Edits made in Excel can be pushed back to Relm via the add-in — see Push-back from Excel.
Re-generating
You can re-run pro-forma generation with Re-Run Analysis as the property's underlying data changes (new rent roll, updated taxes, refined assumptions). Each re-run is charged like a new generation when it completes. It starts as soon as you click — there's no merge-or-replace prompt — so note any manual edits you want to keep before you re-run, and check them afterwards.