📊 NOI Expansion & Asset Value Lift
Baseline Annual Master Water/Sewer Bill
$48,960 /yr
Monthly Tenant Utility Reimbursements Collected
+$3,023 /mo
Net Annual Operating Income (NOI) Expansion
+$33,688 /yr
Commercial Property Valuation Lift (at 6.25% Cap Rate)
+$539,008
Equity Value Created per Unit
+$11,229 / unit
💧 Value-Add Multiplier: Implementing RUBS utility bill-back on a 48-unit complex creates over \$530,000 in immediate equity value without raising base contract rent.