What is unlevered IRR?
The discount rate that sets the NPV of the unlevered (property) cash flow stream to zero. It answers, “Is this a good asset at this price?”
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.