Oycora methodology
Capital Expenditures and Reserves
An assumption for major replacements or improvements kept separate from recurring operating expenses.
Methodology v1.0Effective 2026-08-23Last reviewed 2026-08-23
How this is calculated
Pre-tax cash flow deducts the modeled CapEx reserve after NOI
CapEx is excluded from NOI and deducted in pre-tax cash flow.
Why it matters
Separating CapEx preserves the meaning of NOI while still reflecting capital planning in cash flow.
What is included
- User-entered or modeled reserve for major replacements
What is excluded
- Routine maintenance included in operating expenses
- Accounting depreciation
Assumptions and limitations
- A reserve is not an inspection, contractor quote, or guarantee of future replacement costs.