{"id":17186,"date":"2023-02-17T15:08:04","date_gmt":"2023-02-17T23:08:04","guid":{"rendered":"https:\/\/essential.construction\/academy\/?post_type=glossary&#038;p=17186"},"modified":"2023-02-17T15:08:05","modified_gmt":"2023-02-17T23:08:05","slug":"proforma","status":"publish","type":"glossary","link":"https:\/\/essential.construction\/academy\/glossary\/proforma\/","title":{"rendered":"Proforma"},"content":{"rendered":"\n<p>A proforma is a document that is developed by a real estate company that helps to analyze the details of a project. A proforma is typically prepared via a spreadsheet or a document. It includes some of the below details:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Design costs<\/li>\n\n\n\n<li>Construction Costs<\/li>\n\n\n\n<li>Permitting Costs<\/li>\n\n\n\n<li>Land purchase costs<\/li>\n\n\n\n<li>Financing costs (loan interest rates)<\/li>\n<\/ul>\n\n\n\n<p>It analyzes those against the income that will be produced from the property including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Land appreciation or depreciation (increase in the value of your land)<\/li>\n\n\n\n<li>Rental income<\/li>\n\n\n\n<li>Sale of property income<\/li>\n\n\n\n<li>Rental of space or amenities<\/li>\n<\/ul>\n\n\n\n<p>The proforma takes the above inputs (and many more) and helps to understand the return on any investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A document to help real estate investors decide on whether a property development is worth it.<\/p>\n","protected":false},"author":1,"featured_media":17191,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"glossary-categories":[465],"glossary-tags":[2303,2304,2302],"class_list":["post-17186","glossary","type-glossary","status-publish","has-post-thumbnail","hentry","glossary-categories-division-01-general-requirements","glossary-tags-investing","glossary-tags-investment","glossary-tags-real-estate"],"_links":{"self":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary\/17186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/comments?post=17186"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary\/17186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/media\/17191"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/media?parent=17186"}],"wp:term":[{"taxonomy":"glossary-categories","embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary-categories?post=17186"},{"taxonomy":"glossary-tags","embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary-tags?post=17186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}