--- title: "Two-way sensitivity grids" description: "Seven 5×5 grids: DCF (rent × discount rate, rent × exit cap rate), direct cap (NOI factor × cap rate) and the land values (target yield, target rate, period, construction costs, GDV)." --- > Documentation Index > Fetch the complete documentation index at: https://docs.aireon.ch/llms.txt > Use this file to discover all available pages before exploring further. Path: revenoo API › Valuation `GET /api/valuation/{egrid}/sensitivity` Seven 5×5 grids: DCF (rent × discount rate, rent × exit cap rate), direct cap (NOI factor × cap rate) and the land values (target yield, target rate, period, construction costs, GDV). ## Path parameters - `egrid` (`getRevenooSensitivity.path.egrid`; string, required): Swiss parcel identifier: "CH" followed by 12 characters. Spaces are ignored, letters may be lower case. - pattern `^[Cc][Hh][0-9A-Za-z]{12}$` ## Code samples ### cURL ```bash curl --request GET \ --url https://revenoo.aireon.ch/api/valuation/CH427777450687/sensitivity ``` ### TypeScript ```typescript const url = 'https://revenoo.aireon.ch/api/valuation/CH427777450687/sensitivity'; const options = {method: 'GET'}; fetch(url, options) .then(res => res.json()) .then(json => console.log(json)) .catch(err => console.error(err)); ``` ### Python ```python import requests url = "https://revenoo.aireon.ch/api/valuation/CH427777450687/sensitivity" response = requests.get(url) print(response.text) ``` ## Responses ### 200 Two-way sensitivity grids #### Example ```json { "api_version": "2.0.0", "valuation_date": "2026-11-03", "parcel": { "egrid": "CH427777450687", "address": "Hausmattweg 1", "zip": "4663", "municipality": "Aarburg", "bfs_number": 4271, "canton": "AG", "zone": "Wohnzone W3", "lat": 47.322534, "lng": 7.898823, "land_area_m2": 2276, "buildable_gfa_m2": 1707, "rentable_area_m2": 1366 }, "data": { "market_data": "missing", "market_data_date": null, "municipality_rent_per_m2_year": null, "zurich_reference_rent_per_m2_year": null }, "links": { "app": "https://revenoo.aireon.ch/?lat=47.322534&lng=7.898823&parcel_id=CH427777450687", "docs": "https://revenoo.aireon.ch/api/openapi.json" }, "sensitivity": { "dcf_rent_vs_discount_rate": { "rows": "rent_change_pct", "columns": "discount_rate_pct", "row_values": [ -10, -5, 0, 5, 10 ], "column_values": [ 1.5, 1.8, 2.1, 2.4, 2.7 ], "cells": [ [ 20559545, 17211145, 14818469, 13023133, 11626035 ], [ 21701742, 18167320, 15641717, 13746641, 12271926 ], [ 22843939, 19123494, 16464966, 14470148, 12917817 ], [ 23986136, 20079669, 17288214, 15193655, 13563708 ], [ 25128333, 21035844, 18111462, 15917163, 14209599 ] ], "current": { "row": 2, "column": 2 } }, "dcf_rent_vs_exit_cap_rate": { "rows": "rent_change_pct", "columns": "exit_cap_rate_pct", "row_values": [ -10, -5, 0, 5, 10 ], "column_values": [ 1.5, 1.8, 2.1, 2.4, 2.7 ], "cells": [ [ 19476597, 16759356, 14818469, 13362804, 12230620 ], [ 20558630, 17690431, 15641717, 14105182, 12910099 ], [ 21640663, 18621506, 16464966, 14847560, 13589578 ], [ 22722696, 19552582, 17288214, 15589938, 14269057 ], [ 23804730, 20483657, 18111462, 16332316, 14948536 ] ], "current": { "row": 2, "column": 2 } }, "direct_cap_noi_factor_vs_cap_rate": { "rows": "noi_factor_pct", "columns": "cap_rate_pct", "row_values": [ 67.79, 70.79, 73.79, 76.79, 79.79 ], "column_values": [ 2.35, 2.65, 2.95, 3.25, 3.55 ], "cells": [ [ 13343194, 11832644, 10629324, 9648156, 8832819 ], [ 13933688, 12356289, 11099718, 10075128, 9223709 ], [ 14524182, 12879935, 11570111, 10502101, 9614599 ], [ 15114676, 13403581, 12040505, 10929073, 10005490 ], [ 15705170, 13927226, 12510898, 11356046, 10396380 ] ], "current": { "row": 2, "column": 2 } }, "land_value_yield_on_cost": { "rows": "target_yield_on_cost_pct", "columns": "construction_cost_per_m2_nia", "row_values": [ 4, 4.5, 5, 5.5, 6 ], "column_values": [ 3600, 3800, 4000, 4200, 4400 ], "cells": [ [ 5164201, 4861436, 4558671, 4255906, 3953141 ], [ 3982626, 3679861, 3377096, 3074331, 2771567 ], [ 3037366, 2734601, 2431836, 2129072, 1826307 ], [ 2263972, 1961207, 1658442, 1355677, 1052912 ], [ 1619476, 1316712, 1013947, 711182, 408417 ] ], "current": { "row": 2, "column": 2 } }, "land_value_dcf_rate_vs_construction_cost": { "rows": "target_rate_of_return_pct", "columns": "construction_cost_per_m2_nia", "row_values": [ 10, 12.5, 15, 20, 25 ], "column_values": [ 3600, 3800, 4000, 4200, 4400 ], "cells": [ [ 7899331, 7615404, 7331478, 7047551, 6763624 ], [ 7437124, 7159285, 6881447, 6603609, 6325771 ], [ 7006325, 6734271, 6462216, 6190162, 5918108 ], [ 6228393, 5967080, 5705767, 5444454, 5183142 ], [ 5547050, 5295500, 5043949, 4792399, 4540849 ] ], "current": { "row": 2, "column": 2 } }, "land_value_dcf_period_vs_gdv": { "rows": "development_period_months", "columns": "gross_development_value", "row_values": [ 12, 18, 24, 30, 36 ], "column_values": [ 14818469, 15641717, 16464966, 17288214, 18111462 ], "cells": [ [ 6499222, 7183661, 7868101, 8552541, 9236980 ], [ 5861834, 6500077, 7138321, 7776564, 8414807 ], [ 5271887, 5867052, 6462216, 7057381, 7652546 ], [ 4726029, 5281023, 5836017, 6391012, 6946006 ], [ 4221144, 4738678, 5256213, 5773748, 6291283 ] ], "current": { "row": 2, "column": 2 } }, "land_value_static": { "rows": "construction_cost_per_m2_nia", "columns": "gross_development_value", "row_values": [ 3600, 3800, 4000, 4200, 4400 ], "column_values": [ 14818469, 15641717, 16464966, 17288214, 18111462 ], "cells": [ [ 6542124, 7208340, 7874557, 8540773, 9206989 ], [ 6239359, 6905576, 7571792, 8238008, 8904224 ], [ 5936594, 6602811, 7269027, 7935243, 8601459 ], [ 5633830, 6300046, 6966262, 7632478, 8298694 ], [ 5331065, 5997281, 6663497, 7329713, 7995930 ] ], "current": { "row": 2, "column": 2 } }, "method": "Two-way sensitivity: each cell is the value with the two inputs moved and all others unchanged; `current` marks the base case. `rows` and `columns` name the two inputs; their values are in the unit the name ends in, rates in percent.", "sources": [ { "source": "rics_dcf", "title": "RICS, Discounted cash flow valuations (practice information, 2023)", "paragraphs": "glossary \"Sensitivity analysis/testing\", Appendix B" } ] }, "assumptions": { "asking_land_price": null, "rentable_area_m2": 1366, "residential_rent_per_m2_year": 281.52, "vacancy_pct": 3, "discount_rate_real_pct": 2.1, "macro_premium_pct": 0, "micro_rating": "average", "micro_premium_bp": null, "usage_rating": "residential", "condition_rating": "new", "special_premium_pct": 0, "inflation_pct": 1, "forecast_years": 10, "rent_growth_real_pct": 0, "discount_timing": "mid_year", "exit_cap_rate_pct": null, "exit_sale_costs_pct": 2, "lease_up": true, "initial_occupancy_pct": 75, "lease_up_months": 12, "cap_rate_pct": 2.95, "noi_convention": "after_capex", "gdv_source": "dcf", "gdv_manual": 0, "construction_cost_per_m2_nia": 4000, "professional_fees_pct": 12, "contingency_pct": 5, "sale_costs_pct": 2, "site_acquisition_costs_pct": 2.5, "development_period_months": 24, "target_irr_pct": 15, "finance_rate_pct": 3, "developers_profit_pct": 10, "target_yield_on_cost_pct": 5, "yield_on_cost_basis": "gross_rent" } } ``` - `api_version` (`getRevenooSensitivity.response.200.api_version`; string, required) - `valuation_date` (`getRevenooSensitivity.response.200.valuation_date`; string, required) - format `date` - `parcel` (`getRevenooSensitivity.response.200.parcel`; object, required): The parcel: EGRID, address, municipality, BFS number, canton, zone, coordinates and areas. - `data` (`getRevenooSensitivity.response.200.data`; object, required): Provenance: market data status and date, municipal and Zürich reference rents. - `links` (`getRevenooSensitivity.response.200.links`; object, required): `app` opens this valuation in revenoo; `docs` is this document. - `assumptions` (`getRevenooSensitivity.response.200.assumptions`; object, required): Assumptions you can change. Omitted keys keep the defaults the response reports. - `asking_land_price` (`getRevenooSensitivity.response.200.assumptions.asking_land_price`; number | null, optional): Asking price of the land. When set, the response appraises it: project IRR, profit on cost and on value, initial yield on cost. - min 0; max 100000000000 - `rentable_area_m2` (`getRevenooSensitivity.response.200.assumptions.rentable_area_m2`; number, optional): Rentable area (NIA) in m². The unit mix is rescaled to it. - min 1; max 10000000 - `residential_rent_per_m2_year` (`getRevenooSensitivity.response.200.assumptions.residential_rent_per_m2_year`; number, optional): Rent per m² NIA and year for every apartment row of the unit mix (parking keeps its own rent). - min 0; max 5000 - `vacancy_pct` (`getRevenooSensitivity.response.200.assumptions.vacancy_pct`; number, optional): Stabilized vacancy, in percent of GPR, applied to every row of the unit mix. - min 0; max 100 - `discount_rate_real_pct` (`getRevenooSensitivity.response.200.assumptions.discount_rate_real_pct`; number, optional): Real discount rate in percent. Setting it enters the macro rate at this value and resets the premiums to zero; premium assumptions sent with it add to it. - min 0; max 30 - `macro_premium_pct` (`getRevenooSensitivity.response.200.assumptions.macro_premium_pct`; number, optional): Macro premium added to the macro rate, in percent. - min -10; max 10 - `micro_rating` (`getRevenooSensitivity.response.200.assumptions.micro_rating`; string, optional): Micro location grade, which sets the micro premium. - one of `"good"`, `"average"`, `"weak"` - `micro_premium_bp` (`getRevenooSensitivity.response.200.assumptions.micro_premium_bp`; number | null, optional): Micro premium in basis points; replaces the micro rating while set (e.g. from proove). null returns to the rating. - min -500; max 500 - `usage_rating` (`getRevenooSensitivity.response.200.assumptions.usage_rating`; string, optional): Use of the property, which sets the usage premium. - one of `"residential"`, `"office"`, `"retail"`, `"commercial"` - `condition_rating` (`getRevenooSensitivity.response.200.assumptions.condition_rating`; string, optional): Condition of the building, which sets the condition premium. - one of `"new"`, `"like_new"`, `"normal_condition"`, `"minor_renovation_needed"`, `"major_renovation_needed"` - `special_premium_pct` (`getRevenooSensitivity.response.200.assumptions.special_premium_pct`; number, optional): Special premium for risks no other factor covers, in percent. - min -10; max 10 - `inflation_pct` (`getRevenooSensitivity.response.200.assumptions.inflation_pct`; number, optional): Expected inflation in percent; real rate plus inflation gives the nominal rate, shown for reference (the cash flows are real). - min -5; max 20 - `forecast_years` (`getRevenooSensitivity.response.200.assumptions.forecast_years`; integer, optional): Explicit forecast period in years (RICS §4.65: markets often default to about ten). - min 1; max 50 - `rent_growth_real_pct` (`getRevenooSensitivity.response.200.assumptions.rent_growth_real_pct`; number, optional): Real rent growth per year, in percent. Must stay below the real discount rate. - min -10; max 10 - `discount_timing` (`getRevenooSensitivity.response.200.assumptions.discount_timing`; string, optional): Discount each year from its middle or its end. - one of `"mid_year"`, `"end_year"` - `exit_cap_rate_pct` (`getRevenooSensitivity.response.200.assumptions.exit_cap_rate_pct`; number | null, optional): Exit capitalization rate in percent. null lets it follow the discount rate (RICS §4.59 with no real growth). - min 0.1; max 30 - `exit_sale_costs_pct` (`getRevenooSensitivity.response.200.assumptions.exit_sale_costs_pct`; number, optional): Sale costs deducted from the terminal value, in percent (RICS §4.63). - min 0; max 20 - `lease_up` (`getRevenooSensitivity.response.200.assumptions.lease_up`; boolean, optional): Model a lease-up: occupancy rises from the initial level to stabilized over the lease-up months. - `initial_occupancy_pct` (`getRevenooSensitivity.response.200.assumptions.initial_occupancy_pct`; number, optional): Occupancy at the start of the lease-up, in percent. - min 0; max 100 - `lease_up_months` (`getRevenooSensitivity.response.200.assumptions.lease_up_months`; integer, optional): Months until stabilized occupancy. - min 0; max 60 - `cap_rate_pct` (`getRevenooSensitivity.response.200.assumptions.cap_rate_pct`; number, optional): Capitalization rate in percent: direct cap value = stabilized NOI ÷ cap rate. - min 0.1; max 30 - `noi_convention` (`getRevenooSensitivity.response.200.assumptions.noi_convention`; string, optional): Which NOI is capitalized. - one of `"after_capex"`, `"before_capex"`, `"custom_factor"` - `gdv_source` (`getRevenooSensitivity.response.200.assumptions.gdv_source`; string, optional): Where the gross development value (GDV) comes from. - one of `"dcf"`, `"direct_cap"`, `"manual"` - `gdv_manual` (`getRevenooSensitivity.response.200.assumptions.gdv_manual`; number, optional): GDV amount when gdv_source is manual. - min 0; max 100000000000 - `construction_cost_per_m2_nia` (`getRevenooSensitivity.response.200.assumptions.construction_cost_per_m2_nia`; number, optional): Construction costs per m² NIA. - min 0; max 50000 - `professional_fees_pct` (`getRevenooSensitivity.response.200.assumptions.professional_fees_pct`; number, optional): Professional fees, in percent of construction costs (RICS B1.2.6). - min 0; max 50 - `contingency_pct` (`getRevenooSensitivity.response.200.assumptions.contingency_pct`; number, optional): Contingency, in percent of construction costs (RICS B1.2.5). - min 0; max 50 - `sale_costs_pct` (`getRevenooSensitivity.response.200.assumptions.sale_costs_pct`; number, optional): Sale costs, in percent of GDV (GDV less sale costs is the NDV). - min 0; max 20 - `site_acquisition_costs_pct` (`getRevenooSensitivity.response.200.assumptions.site_acquisition_costs_pct`; number, optional): Site acquisition costs, in percent of the land price (RICS B1.2.2). - min 0; max 20 - `development_period_months` (`getRevenooSensitivity.response.200.assumptions.development_period_months`; integer, optional): Development period from land purchase to completion, in months. - min 1; max 240 - `target_irr_pct` (`getRevenooSensitivity.response.200.assumptions.target_irr_pct`; number, optional): Target rate of return of the DCF application: a project IRR before finance, real (RICS §6.2.4, §7.2.4). - min 0; max 100 - `finance_rate_pct` (`getRevenooSensitivity.response.200.assumptions.finance_rate_pct`; number, optional): Cost of finance per year, on 100% of land and building costs (RICS B2.2.2). - min 0; max 30 - `developers_profit_pct` (`getRevenooSensitivity.response.200.assumptions.developers_profit_pct`; number, optional): Developer's profit, in percent of GDV (RICS B2.2.3). - min 0; max 100 - `target_yield_on_cost_pct` (`getRevenooSensitivity.response.200.assumptions.target_yield_on_cost_pct`; number, optional): Target initial yield on cost: annual income over total development cost, in percent (RICS B2.2.3.4). - min 0.1; max 50 - `yield_on_cost_basis` (`getRevenooSensitivity.response.200.assumptions.yield_on_cost_basis`; string, optional): The annual income the yield on cost is read on: GPR, or NOI before or after the capex reserve. - one of `"gross_rent"`, `"noi_before_capex"`, `"noi_after_capex"` ### 400 Invalid EGRID or assumptions. `details` lists each invalid assumption. #### Example ```json { "error": "string", "details": null } ``` - `error` (`getRevenooSensitivity.response.400.error`; string, required) - `details` (`getRevenooSensitivity.response.400.details`; unknown, optional): For invalid assumptions: one { key, message } per problem. ### 404 No parcel with this EGRID, or an unknown part. #### Example ```json { "error": "string", "details": null } ``` - `error` (`getRevenooSensitivity.response.404.error`; string, required) - `details` (`getRevenooSensitivity.response.404.details`; unknown, optional): For invalid assumptions: one { key, message } per problem. ### 429 Too many uncached requests from this client; retry after the Retry-After seconds. #### Example ```json { "error": "string", "details": null } ``` - `error` (`getRevenooSensitivity.response.429.error`; string, required) - `details` (`getRevenooSensitivity.response.429.details`; unknown, optional): For invalid assumptions: one { key, message } per problem. ### 502 The data service (RES) failed. #### Example ```json { "error": "string", "details": null } ``` - `error` (`getRevenooSensitivity.response.502.error`; string, required) - `details` (`getRevenooSensitivity.response.502.details`; unknown, optional): For invalid assumptions: one { key, message } per problem. ### 503 The data service is not configured. #### Example ```json { "error": "string", "details": null } ``` - `error` (`getRevenooSensitivity.response.503.error`; string, required) - `details` (`getRevenooSensitivity.response.503.details`; unknown, optional): For invalid assumptions: one { key, message } per problem. Source: https://docs.aireon.ch/revenoo/get-revenoo-sensitivity/index.md