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Before and After Tax Discounted Cash Flow Analysis

The Course Will Teach You to

Course Objectives

Conduct a comprehensive real estate investment analysis on a before and after tax basis through this interactive online course. First, you'll identify and define the components of the real estate cash flow model, allowing you to answer the four basic questions that are critical in real estate analysis:

  • How many dollars go into the investment?
  • When do the dollars go into the investment?
  • How many dollars come out of the investment?
  • When do the dollars come out of the investment?

Calculate and explain the following measures of investment performance:

  • Capitalization rate
  • Before-tax cash on cash
  • Internal rate of return
  • Net present value

The course concludes with you completing a 5-year before and after tax discounted cash flow analysis on a subject property.

Course Description

Course Description

Before and After Tax Discounted Cash Flow Analysis caters to commercial real estate professionals new to the industry and interested in learning practical, hands-on investment analyses. This course also caters to existing CCIM Designees looking to refresh their analysis skills using innovative tools  may have been previously unavailable when they were earning their Designation. This includes the Discounted Cash Flow (DCF) Analysis Form, a customized Excel spreadsheet used in providing a comprehensive real estate investment analysis, and can be used for future analyses.

CE Disclaimer

To maintain their real estate licenses in the state(s) where they operate, real estate agents and brokers need to participate in defined amounts of continuing education (CE). These requirements are set forth in state laws and are administered by state real estate commissions. The specific requirements, time frames, and due dates vary considerably across states.

Are you interested in CE credit for real estate or CPA license renewal? If you're unclear whether this course qualifies for CE in your state, review The CCIM Institute's list and verify this approval with your state’s real estate commission. 

For additional questions about CE credit, please Cecredit@ccim.com.

Tech Requirements
Tech Requirements

This course may require the use of a laptop or desktop computer with full Excel capabilities. Mobile devices, like iPads, tablets, and cellphones, will not run The CCIM Institute's macro-enabled spreadsheets.

PC: Microsoft Office 2000 or higher is necessary to run The CCIM Institute macro-enabled spreadsheets.

Mac: Mac versions of Microsoft Office 2004, 2011, 2016, or 365 are required to run The CCIM Institute macro-enabled spreadsheets.

Browser: The CCIM Institute courses are optimized for use with the Google Chrome web browser.

Course Tuition
Member Price
$189
For Members
Realtor Price
$209
For Realtors®
Non-member Price
$229
For Non-members
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Course Details and Register Start Date Format
Online June 16, 2025 Online - Instructor Led Register
Getting Started in Commercial Real Estate?

"It's a wonderful time to be new in commercial real estate ... and certainly organizations like The CCIM Institute can help train someone in the industry" - Jay Olshonsky, President of NAI Global