Which calculation aids in determining the equity position after debt service?

The calculation that aids in determining the equity position after debt service is cash flow after debt service. This figure is crucial because it represents the net cash available to the equity holders of a property after all debt obligations, such as mortgage payments, have been met. Essentially, it gives insight into the financial performance of the property from the perspective of the owners.

Understanding equity position after debt service is vital for investors, as it informs them of how much cash flow is left to distribute to shareholders or reinvest into the property once all debts are paid. This helps in evaluating the overall profitability and financial health of the investment.

In contrast, cash flow before debt service refers to the total cash generated prior to accounting for any debt payments and does not provide an accurate representation of the cash available to equity holders. Annual operating income reflects the income generated by the property from operations but does not account for debt obligations. Total assets owned indicates the aggregate value of the properties held but does not reflect the cash flow dynamics or equity position after servicing debt. Thus, cash flow after debt service is the most relevant calculation for understanding equity position in this context.