Strategy VI Β· Multifamily

Underwrite the building,
unit by unit.

5-unit walk-ups to small commercial. A real rent roll β€” in-place vs market rent per unit β€” then the reposition math: NOI lift, stabilized value on the exit cap, yield-on-cost spread, and lender-grade DSCR.

Per-unit
Rent roll: in-place vs market, lift & status
YoC vs cap
Value-add spread on the exit cap
7 scenarios
Stress tests Β· DSCR verdicts
PDF
Investor-grade report
Under the hood

The math behind the model.

RENT ROLL

Economic occupancy, computed

collected Γ· gross potential β€” per-unit lift is market βˆ’ in-place, summed across the roll. Vacant units count against you until they don't.

VALUE-ADD

Valued on the exit cap

stabilized value = stabilized NOI Γ· exit cap. Value created is stabilized value minus all-in basis β€” price, rehab, and carry included.

SPREAD

Yield-on-cost is the tell

YoC = stabilized NOI Γ· (price + rehab). A positive spread over the exit cap means you're creating the yield cheaper than the market sells it.

DEBT

Stress-tested DSCR

Seven scenarios including a correlated recession combo, each with a DSCR verdict tiered at 1.25 / 1.05 / 0.90 β€” the lender's bands, not ours.

Ready to underwrite one?

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