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Quick underwriting

Check whether a multifamily deal roughly pencils, in a few minutes. Nothing is saved.

Sample data is filled in. Replace it with your deal.

Property

Property Name

Address

Total Units

Avg Unit SF

Offer Price ($)

T-12 Operating Summary

Gross Potential Rent (T-12) ($/yr)

Gross scheduled rent before vacancy and bad debt. We net those below.

Other Income ($/yr)

Operating Expenses ($/yr)

Rents

Avg In-Place Rent ($/mo/unit)

Avg Market Rent ($/mo/unit)

Market

Comp Cap Rate (%)

Deal Terms

Hold (yrs)

Exit Cap (%)

Vacancy (%)

Bad Debt (%)

Rent Growth (%/yr)

Expense Growth (%/yr)

CapEx Reserve ($/unit/yr)

LTV (%)

Interest Rate (%)

Amortization (yrs)

IO (months)

LIVE PREVIEW

PRICE / UNIT

$117,188

PRICE / SF

$130

ENTRY CAP RATE

8.16%

EXPENSE RATIO

29%

Year-1 income build

Gross Potential Rent$960,000

Vacancy (7.0%)($67,200)

Bad debt (1.0%)($9,600)

Concessions$0

Other income$0

Effective Gross Income$883,200

Operating expenses($255,000)

CapEx reserve (64 × $250)($16,000)

Net Operating Income$612,200

Entry cap = $612,200 ÷ $7,500,0008.16%

Entry cap 8.16% · comp cap 6.75% → 1.41 pts above your comp cap

In-place $1,250.00 · market $1,350 → 8.0% rent gapderived from GPR ÷ 12 ÷ units