What is levered IRR?
The discount rate that sets the NPV of the levered (equity) cash flow stream to zero. It answers, “Is this a good equity investment under these financing terms?”
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.