Multifamily • Buy & Hold

Multifamily Deal Analyzer

Underwrite income property fast: NOI, cap rate, DSCR, and cash-on-cash. Standard buy-and-hold multifamily — not a BRRRR or value-add tool. Paste a listing link for reference (data is not auto-pulled).

Property Info

Revenue

Expenses

Results

Verdict

Property Info

Property address, purchase price, and financing terms

Property Address

Listing Link (Reference Only)

Purchase Price ($)

Units

Down Payment (%)

Down Payment ($)

Interest Rate (%)

Loan Term (Years)

Property Taxes (Monthly, $) Using estimate

Starter estimate only. Taxes vary by town and assessment. If you know the real annual tax bill, replace this number.

Insurance (Monthly, $) Using estimate

Starter estimate only. Insurance depends on property type, age, condition, location, and coverage. Replace with a quote if available.

Closing Costs ($) Using estimate

Using estimate (2.5% of purchase price). Starter estimate only. Actual closing costs vary by lender, location, and deal structure.

Closing Cost Treatment

Loan Amount (auto-calculated)

Cash to Close (auto)

HOA (Monthly, $)

Monthly Mortgage Payment (P&I only)

Monthly Housing Payment (PITI)

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Mortgage + Taxes + Insurance

Revenue

Monthly income, rent roll, and vacancy

Income — Rent Roll

Gross Monthly Rent (occupied units)

Other Monthly Income ($)

Vacancy / Credit Loss (%)

Vacancy ($/mo): $0

EGI = (Occupied Rent + Other Income) × 12 × (1 − Credit Loss%)

Total Monthly Revenue (EGI)

Effective Gross Income after vacancy / credit loss

Operating Expenses

Itemized monthly operating costs

Operating Expenses / Month

Utilities ($)

Repairs / Maintenance $ %

Property Management $ %

Miscellaneous ($)

CapEx Reserve $ %

CapEx reserve is included in operating expenses and reduces NOI, cap rate, and DSCR.

Total Monthly Operating Expenses

Utilities + Repairs + Management + Misc + CapEx + HOA

Monthly NOI

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Annual NOI

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Deal Results

Key performance metrics based on current inputs

Cash Flow Snapshot

Monthly NOI

Effective income minus operating expenses.

Monthly PITI

Principal, interest, taxes & insurance.

Monthly Cash Flow

NOI minus debt service (P&I + taxes + insurance).

Annual NOI

Monthly NOI × 12.

Annual Cash Flow

Monthly cash flow × 12.

Underwriting Metrics

DSCR (Lender-Style)

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NOI ÷ annual debt service (P&I only).

Cap Rate

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NOI ÷ purchase price.

Cash-on-Cash Return

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Annual cash flow ÷ cash invested.

Break-Even Occupancy

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Occupancy needed to cover all costs.

Price Per Unit

Purchase price ÷ number of units.

Risk & Verdict

Enter your numbers above to see the verdict.

Risk & Action Flags

CDeal Verdict

Structural assessment based on current inputs

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Enter your numbers above to see the verdict.

Risk & Action Flags

📚 Terms & Definitions — Multifamily

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NOI — Net Operating Income

Effective gross income minus all operating expenses — including utilities, repairs, management, HOA, and CapEx reserve — before debt service. In this analyzer, property taxes and insurance are grouped with the mortgage payment (PITI) below the NOI line. NOI drives property value in commercial real estate.

Cap Rate — Capitalization Rate

NOI divided by purchase price. A 7% cap rate means you earn 7% of the property value annually before debt. Lower cap rates generally indicate hotter or safer markets.

DSCR — Debt Service Coverage Ratio

NOI divided by annual P&I debt service. Commercial lenders typically require 1.20–1.25 minimum. Below 1.0 means the property cannot cover its own mortgage from income.

EGI — Effective Gross Income

Gross potential rent plus ancillary income, minus vacancy and credit loss. This is the realistic income you can actually collect — not the theoretical 100% occupied number.

Cash Flow

NOI minus debt service (P&I, taxes, and insurance). HOA and CapEx reserve are already deducted above the NOI line. This is what actually lands in your pocket each year.

Cash-on-Cash Return

Annual cash flow divided by total cash invested (down payment + closing costs). Measures how hard your actual out-of-pocket dollars are working — not the property's total return including appreciation or loan paydown.

CapEx Reserve

A reserve set aside from income for future capital expenditures — roof, HVAC, plumbing, appliances. In this analyzer, CapEx reserve is included in operating expenses and reduces NOI and cap rate. A deal that looks good before CapEx may not hold up once reserves are properly accounted for.

Operating Expenses

All costs to run the property above the NOI line — utilities, repairs, management, HOA, and CapEx reserve. In this analyzer, property taxes and insurance are grouped with the mortgage payment (PITI) below NOI. The 50% rule estimates operating expenses at half of gross rent as a quick screening benchmark.

Price Per Unit

Purchase price divided by number of units. A quick benchmarking metric to compare multifamily deals in the same market. Not a substitute for NOI-based underwriting, but useful for initial filtering.

Vacancy Rate

The percentage of units unoccupied in a given period. A 5% vacancy rate on a 10-unit building means roughly half a unit empty on average. Always underwrite with realistic local vacancy — not best-case assumptions.