Rent Gap & Affordability Analyzer
Quantify mark-to-market upside and MLI Select qualification.
Estimate the gap between in-place rents and market, project NOI lift as leases turn over, and test which units qualify under MLI Select's affordability criterion (rent at or below the 30% median-family-income ceiling for the CMA).
Affordable ceiling: $1,450/mo. Units at or below this rent count toward MLI Select affordability commitments. See /underwriting/affordability for the methodology.
| Type | Count | Current rent | Market rent | Gap $/mo | Affordable? |
|---|---|---|---|---|---|
| Studio | $300 | Yes | |||
| 1-bedroom | $450 | No | |||
| 2-bedroom | $650 | No | |||
| 3-bedroom | $700 | No |
Current EGI
$1,292,040
$1,332,000 gross · 3% vacancy
Market EGI
$1,669,176
$1,720,800 gross
Rent gap
$388,800
29.19% uplift potential
Projected NOI lift from closing the gap · 15% annual turnover
Year 2
$113,141
30.00% closed
Year 5
$282,852
75.00% closed
Year 10
$377,136
100.00% closed
Full gap
$377,136
100% achieved
MLI Select affordability test (existing building)
6 of 60 units (10.00%) are at or below the $1,450/mo ceiling.
At market rent: 0 of 60 units (0.00%) would meet the affordability cap.
| Tier | Required units | Qualifying | Status |
|---|---|---|---|
| 10% of units (50 pts) | 6 | 6 | Qualifies |
| 15% of units (70 pts) | 9 | 6 | Shortfall |
| 25% of units (100 pts) | 15 | 6 | Shortfall |
Existing-building thresholds are 40% / 60% / 80% of units for the 50 / 70 / 100-point tiers. New-construction thresholds are 10% / 15% / 25% — shown above. For refinances of existing buildings, refer to the higher existing thresholds and the full point-scoring framework.
Learn more
The affordability ceiling is roughly the 30% median family income threshold for renter households in each CMA. See underwriting affordability for the full rules, current thresholds, and the 20-year commitment bonus.