Example · Multifamily
Illustrative render · not a real project Multifamily: does it pencil at the asking price?
Run a feasibility study on the site, then underwrite the deal on the Tear Sheet in three scenarios before you write the LOI.
Walkthrough
Multifamily
Step by step, in the product
- New dealAdd the address, price, rents and rehab budget in the Deal Desk.
- UnderwriteThe Tear Sheet runs Conservative / Base / Aggressive at 5% vacancy, 35% expense ratio, 75% LTV.
- Red flagsCapex above 40% of price or an expense ratio under 20% is flagged.
- ShareSend a read-only report link to a partner or lender.
What gets checked
Zoning fit
ZoningBot reads permitted uses, density, height and parking for the zoning you enter, and HBUBot tests highest & best use.
Market context
MarketBot covers demographics, demand drivers, supply and rents for the submarket.
Cost & returns
ConstructBot budgets the work by trade; FinBot builds the pro forma.
Three-scenario Tear Sheet
Conservative, Base and Aggressive cases on the Proper Plans Underwriting Standard, with DSCR and cash-on-cash verdicts and red flags.
Screen your next multifamily site
First full study free. No credit card required.