Editor: APOD creates an operating statement for the first year. It conforms to Standard Real Estate Practices. Benefits IPO provides financial analysis, including Cash Flow, IRR, NPV, Cap Rate, GRM and opportunity cost. It provides color charts, graphs, detailed explanations and an Encyclopedia of real estate terms. The Appreciation Calculator calculates past appreciation of subject and comparable properties. The Amortization tool makes schedules for payments. It supports up to 30 balloon payments.The Startup Cash Flow utility analyzes projected startup cash flow of newly constructed income properties.