Which of the following would you find on the transaction summary tab of a real estate model?

• A. Investment returns
• B. Operating expenses
• C. Vacancy rate
• D. Cap rate

Answer: (A)

In a real estate model, the transaction summary tab is all about the deal's financial outcomes from the investor’s perspective—the returns you actually get from closing the deal. It aggregates the deal’s financing, sources and uses, and the projected investor metrics like IRR, cash-on-cash return, and equity multiple. Those numbers capture the value the deal creates for investors, not the day-to-day operating performance.

Operative details such as operating expenses and vacancy rate belong in the property's operating/operating statement sections, where you model the income and costs of running the property. The cap rate is a valuation tool used to estimate the property's exit value, typically part of the valuation or exit analysis rather than the transaction summary.