Underwriting Your Way
to Ownership
The master pre-offer analysis that consolidates what your investment calculators do in isolation — into a single, structured workflow. Enter a property once. Walk out with NOI, DSCR, Cap Rate, Cash-on-Cash, risk flags, and a max offer price.
Deal Underwriting Worksheet
Complete analysis — no account required
Offline Underwriting Model (Excel)
Full 10-year DCF, sensitivity matrices, Monte Carlo risk scoring, and T-12 rent roll — works without internet. Edit the blue cells on Property Inputs; everything cascades automatically.
No AI required. The online worksheet runs locally in your browser. The Excel model works fully offline — take it on a flight, edit at a showing, or share with your lender. Export branded PDFs with your name, brokerage, and contact info.
If you are wondering why both are offered — the online tool answers “should I make an offer?” and the Excel model answers “should I close this deal and what are my 10-year returns?”
Deal Underwriting Worksheet
Complete each section below. The worksheet calculates NOI, DSCR, Cap Rate, Cash-on-Cash Return, and risk flags — then tells you the maximum you should pay.
Property Identification
Basic property facts — used in the PDF header and metrics
Conventional investment: 20–30%
Typical: 2–4% of purchase price
Income Analysis
Gross scheduled rent, vacancy allowance, and other income
Annual GSR: calculating...
Laundry, parking, storage, pet fees
Multifamily typical: 5–10%
Operating Expenses
Enter annual figures. Use benchmarks for items you don't have exact numbers for.
% of effective gross income
Per unit, per year
Per unit, per year. Roof, HVAC, etc.
Water, sewer, trash if owner-paid
HOA, landscaping, legal, accounting
Financing Details
Loan structure for DSCR and cash flow calculations
Current investment property rates: 7–8%
Your Investment Targets
Used to back-calculate the maximum price you should pay
Max offer = NOI ÷ Target Cap Rate
Max offer = solved from CoC equation
Lenders typically require ≥ 1.20
Deal Grade: A
Exceptional — all metrics exceed thresholds
0 red flags • 0 yellow flags
Income Summary
Expense Summary
Debt Service
Per-Unit Performance
Maximum Offer Price Analysis
By Target Cap Rate
By Target Cash-on-Cash
If the asking price exceeds both max offer figures, this deal does not meet your investment targets at the current price. Use these numbers as negotiating anchors.
Visual Breakdown
Income vs. Expenses vs. Cash Flow
Operating Expense Breakdown