Playing Upland requires an understanding of your assets. Properties that you buy cost UPX or USD, have value and provide you with passive earnings. It is important to understand the numbers behind your properties. Without understanding these numbers and simple calculations you are likely to incorrectly value a property and not list it accordingly. This will either lead to your property not selling, or selling too quicky!
When you click on a property, you are able to see the property card with the information below. The property cards are 3 different colors based on the status of the property:
- Dark blue – property you own (left)
- Green – property not owned by you and for sale (middle)
- Light blue – property not owned by you and not for sale (right)
This page will review the following fields:
If you are a visual/audio learner, check out our YouTube video that covers the information below and more! (note that the current yield earnings have been changed from 17.28% annually to 14.7%)
As you can notice the main difference between the 3 cards is the inconsistency in fields. In your property you can see the purchase price, in a for sale property you see the sale price, and in a property not for sale you don’t see any price. The first question is how much did that property cost? Don’t worry, there is a very simple formula to calculate that. Jump here to the formula, or read on to understand how we arrive at it.
Every Upland property has a base yield of 14.72% (rounded to 2 decimal points) per year. This means that if your property was minted for 100,000 UPX, after one year of owning it you will have earned 14,717 UPX. Divide that number by 12 and you get the monthly earnings of the property; in the case of our example, 1226.4 UPX. The monthly earnings is always shown in the property card. Using the following formula you can always calculate the original mint price of a property. Note that there is a potential rounding error due to the fact that the monthly earnings is rounded to the hundreds.
Original mint price = Monthly Earnings / 30 days/month x 365 days/year / 0.1472
Using 1044 W. Waveland Ave (left picture) as an example, we can verify that the
mint price (5,880) = monthly earnings (71.12) / 30 x 365 / 0.1472
(This number is slightly different from that shown on the property card, due to a rounding error.)
When you are looking to purchase a property on the secondary market, you will want to know the markup percentage. This is calculated by dividing the sales price by the mint price.
Using 1050 W. Waveland Ave (middle picture) as an example from the calculation above, we can find the mint price to be 7,558UPX. By taking the sales price of 1,055,000 UPX , the markup is 1,055,000/7,558x 100% = 13,900%. This means that the owner is looking to sell the property for 139 times what he paid for it.
Note that when buying a property on the secondary market, a 5% sales fee is taken by Upland from both the seller and the buyer (when selling for USD or UPX). For the seller, this can be seen below under USD asking price, it calculates how much you will get. This 5% sales fee essentially means that you will only be receiving 95% of the asking price. Therefore the asking price ($540) x 0.95 = $513.
A 5% buyers fee is also taken by Upland from the buyer. Similar to how the property card for the seller says “you will get $XXX”, for the buyer it will says “you will pay $XXX”. A 5% buyer fee essentially means that the buyer will be paying 105% of the asking price. Therefore the buyer will pay $540 x 1.05 = $567
The UP2 size refers to the actual size of the property in the real world. 1 UP2 = 9 square meters. The UP2 number is important to know because it helps to determine the neighborhood value. Similar to the real world, if you own a plot of land in the suburbs and a same sized plot in downtown, obviously the one downtown will be worth more. This is also true in Upland. The size of the property is not always indicative of its value. Each neighborhood has its own value multiplier. Calculating the neighborhood value can be done using the mint price, or if it is unknown the monthly earnings.
neighborhood value = mint price / UP2
neighborhood value = monthly earnings / 0.0121/ UP2
Neighborhood values can be compared between neighborhoods and between cities to better understand the status of the city or neighborhood. Each neighborhood value is predetermined by Upland and is not always reflective of real world statuses.
By reorganizing the equation above we can calculate the monthly earnings from the mint price:
Monthly Earnings = Original mint price x 0.0121
Note that if you are looking at the property tab of your own property, you might see the monthly earnings in green. This indicates that the property is currently active in a collection. If this is the case, calculate the base monthly earnings in the method listed below – boosted earnings, or click on the “title” button.
Monthly earnings are calculated
Each property can be placed into a collection, where you will earn a boost factor. For example, the Newbie collection gives you a 1.1x boost on your monthly earnings on the property that is active within that collection. By clicking on the numbers in the boosted earnings field (pictured below on the left) you are able to view the collections that the property is a part of (pictured below on the right), and the monthly earnings if the property is active within that collection.
From the collection earnings, you can always work back and determine the mint price from the newbie collection.
Mint price = Newbie standard collection monthly boost / 1.1 / 0.0121
Where 1.1 is the boost for the newbie collection. If you know the boost factor of another collection that can be used instead of the 1.1x newbie boost. The value 0.0121 was calculated above and indicating the 14.72% annual yield on a monthly basis.
For the example above, the mint price of the Broadway property is 1,207.09/ 1.1 / 0.0121= 90,690 UPX. Note that there is a slight rounding error in the calculation due to the fact that Upland only displays 2 points following the decimal and that the number 0.0121 is rounded in itself. If you are a new player and you are starting to fill your collections, read here for strategies when and how to fill them.
With this basic understanding of the property card, it is now more clear how each property is valued, and what to look for when you are looking up properties on the Upland Marketplace Analytics page.