Land plus hard plus soft plus carry. Build-to-Sell versus Build-to-Rent head-to-head. Yield-on-cost and developer spread, the way a real developer thinks about a deal — not a homeowner pricing a renovation.
Every panel is interactive — toggle BTS or BTR, the model rebuilds both exit waterfalls.
Land + hard + soft + carry + contingency stacked. Where every dollar goes before the first shovel.
Build-to-Sell after-tax profit vs Build-to-Rent 10-year wealth from the same project. The winner is highlighted.
YOC vs market cap rate. The gap is your developer spread — anything under 150 bps gets flagged.
Cost + schedule + ARV haircuts combined. Where does the sale-mode deal still clear?
If you hold, what's the DSCR at lease-up vs stabilization? A 1.20 floor reference makes the lender check trivial.
New-build sale comps near the site (via RentCast), ranked against your ARV. Catches overoptimistic exits.
If you hold post-stabilization — appreciation + amortization + cumulative CF compounded forward 30 years.
Reverse-solves the highest land price that still hits your target profit / cap rate / DSCR. Hero number + binding constraint.
Simple = 50% average balance. Milestone = your draw schedule. Use Simple for screening, Milestone for closing.
The cushion you've built. 200 bps survives a cap-rate move. Under 150 bps gets flagged.
Sale after-tax profit vs 10-yr hold wealth at your opportunity cost. The analyzer makes the call and shows its work.
Default 10% on hard costs. Stress mode bumps it to 15/20/25% so you see how much you can absorb before the deal breaks.
Sign up free and run your first deal in minutes. No credit card. No setup. Or jump straight into the demo to see what the analyzer does on a worked example.