You're reading from Extreme DAX

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Published inJan 2022

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ISBN-139781801078511

Edition1st Edition

Concepts

Business Intelligence

Authors (2):

Michiel Rozema

Henk Vlootman

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Calculating cost-covering rent

The last topic in this chapter is about cost-covering rent, or CCR for short. This is the answer to the question: what is the minimum rent to charge property tenants to make the investment break even?

Let's go back to the NPV formula once again:

The IRR is calculated by solving this formula for the rate r at zero NPV:

The cost-covering rent also comes from solving the NPV formula, but now for (roughly) the future values:

To be more precise, while our future values are composed of multiple components, we only want to solve for the (initial) recurring positive cash flows in this case. The question is therefore: instead of the positive recurring cash flows in the fPosCashFlows table, and specifically those with Type 2 (rent), which values can we use to get a zero NPV?

Like with the IRR, there is no direct way of calculating this. And worse, there is no DAX function that will solve this equation. We therefore need...

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Extreme DAX

Published in: Jan 2022Publisher: PacktISBN-13: 9781801078511

Authors (2)

Michiel Rozema

Michiel Rozema is one of the world's top Power BI experts, living in the Netherlands. He holds a master's degree in mathematics and has worked in the IT industry for over 25 years as a consultant and manager. Michiel was the data insight lead at Microsoft Netherlands for 8 years, during which time he launched Power BI in the country. He is the author of two Dutch books on Power Pivot and Power BI. Michiel is one of the founders of the Dutch Power BI user group and the organizer of the Power BI Summer School, and has been a speaker at many conferences on Power BI. He has been awarded the Microsoft MVP award since 2019 and, together with fellow MVP Henk Vlootman, runs the consultancy company Quanto, specialists in Power BI.
Read more about Michiel Rozema

Henk Vlootman

Henk Vlootman is a senior global Power Platform, Power BI, and Excel business consultant. Every year since 2013, Henk has received the Microsoft MVP award for his outstanding expertise and community leadership. Henk is one of founders of the Dutch Power BI user group and the organizer of the Power BI Summer School, and has been a speaker at many conferences on Power BI all over the world. He is also the author of two Excel and two Power Pivot / Power BI books. He started his career in 1992 with his own company, then as an Excel consultant. Nowadays he runs the consultancy company Quanto, specialists in Power BI, together with fellow MVP Michiel Rozema.
Read more about Henk Vlootman

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