Analyze the purchase first. Then test whether improvement actually makes the deal better.
This version is focused on acquisition underwriting. It compares the property as purchased versus a realistic improvement scenario, using unit mix, operating assumptions, financing terms, and qualification thresholds.
Step 1 — Purchase Property + Operations
Enter the actual unit mix and operating assumptions for the property as it sits today.
As-Is Unit Mix
Unit Type
# Units
Rent / Unit
Other Income / Unit
As-Is Operating Inputs
$
%
%
%
%
$
$
$
$
$
$
Step 2 — Financing + Qualification
If it does not finance, it is not a deal. This section turns the operating story into a real underwriting decision.
Financing Inputs
%
$
%
$
$
%
Qualification Inputs
%
%
Monthly Payment
$0
Annual Debt Service
$0
LTV
0.0%
Required Reserves
$0
Qualification Pending
Step 3 — As-Is Purchase Analysis
Market Benchmark
%
Purchase Read
—
As-Is Metrics
Gross Scheduled Rent
$0
Annual NOI
$0
Cap Rate
0.0%
Annual Cash Flow
$0
Market-Implied NOI
$0
NOI Gap
$0
Debt Yield
0.0%
DSCR
0.00
—
Step 4 — Improvement Scenario
This is where you test whether the deal gets materially better after realistic rent growth or operational cleanup.
Improved Unit Mix
Unit Type
# Units
Rent / Unit
Other Income / Unit
Improved Operating Inputs
%
%
%
%
$
$
$
$
$
$
Annual NOI
$0
Annual Debt Service
$0
Annual Cash Flow
$0
Cap Rate
0.0%
As-Is vs Improved
Scenario 1
Purchase As-Is
NOI
$0
Cash Flow
$0
Cap Rate
0.0%
Qualification
—
Scenario 2
Purchase + Improve
NOI
$0
Cash Flow
$0
Cap Rate
0.0%
NOI Lift
$0
Recommended Focus
—
Long-Term Results
This compares the path of buying it as-is versus buying it and improving operations.
%
%
Scenario 1
Purchase As-Is
Projected Value
$0
Principal Remaining
$0
Net Equity
$0
NOI
$0
Debt Service
$0
Net Cash Flow
$0
Scenario 2
Purchase + Improve
Projected Value
$0
Principal Remaining
$0
Net Equity
$0
NOI
$0
Debt Service
$0
Net Cash Flow
$0
This tool compares operating performance, financing pressure, and improvement upside. It does not model taxes, renovation timing, lease-up lag, lender-specific carveouts, or legal/accounting advice.
