Underwriting software

Know the numbers.
Understand the deal.

Real estate underwriting software for income, expenses, financing, and returns. Research the opportunity, test your assumptions, and share the analysis.

UNDERWRITE A SAMPLE DEALMultifamily · 12 units
DealWorthItDeal analysisSample data
01 / 05 · MULTIFAMILY UNDERWRITING

Build the rental income

Units
—
Monthly rent / unit
—
Scheduled annual rent
—
Vacancy allowance · 5%
—
Effective annual income—

12 units × $1,600 × 12 months, less 5% vacancy.

Build rental income

Animated demo · Illustrative assumptions · Projections are not guaranteed

From facts to assumptions

Build the investment case before the offer

Model a property’s income, expenses, debt, and projected returns. Then compare scenarios to see how changes in rent, costs, or financing affect the deal.

The workflow

One workflow from search to report

Carry the property’s context through research, analysis, scenario comparison, and reporting.

Find

Discover on-market and off-market opportunities.

Research

Review ownership, debt, tax, property, comparable, and market data.

Analyze

Underwrite deals using asset-specific financial models.

Compare

Test scenarios and assumptions side-by-side.

Present

Create clear reports for investment decisions, partners, and teams.

Asset-specific models

A model built for your investment strategy

Choose your asset type. Work with the inputs and metrics that fit the investment.

Your investment model

Multifamily

Multifamily property illustration

Turn the rent roll and operating expenses into a clear investment case.

Start with

Unit mix · Rental income · Expenses · Financing

Evaluate
NOIDSCRCash flowProjected returns
Multifamily underwriting
DealWorthItSample workspace
ILLUSTRATIVE INVESTMENT

Multifamily analysis

Draft
Income assumptions
Operating assumptionsBasisAmount
12 × 2-bedroom12 units$1,600 / mo
Vacancy assumption5%-$11,520 / yr
Operating expensesAnnual$72,880
$1,700,000
Adjust to see the sample results update
Annual NOI$146,000
Cap rate8.59%
Annual cash flow$49,294
Debt service coverage1.51× DSCR

Simplified annual example. 75% LTV, 6.5% interest, 30-year amortization. Closing costs, reserves, capital expenditures, and income taxes excluded. Projections are not guaranteed.

In practice

From T12 and rent roll to an investor-ready analysis

Review the source data, set your assumptions, and turn the results into a shareable report.

DealWorthItDocument import · Sample data
CSV
sample-rent-roll.csvUploading…
PDF
sample-t12.pdfUploading…
●Uploading sample files
Occupancy100%12 occupied · 0 vacant
Scheduled rent / year$230,40012 × $1,600 / month
12 unit rows classified Review lease and rent details
Sample rent roll review
UnitStatusRent / moMarket / mo
101Occupied$1,600$1,650
102Occupied$1,600$1,650
103Occupied$1,600$1,650
104Occupied$1,600$1,650
105Occupied$1,600$1,650
106Occupied$1,600$1,650
107Occupied$1,600$1,650
108Occupied$1,600$1,650
109Occupied$1,600$1,650
110Occupied$1,600$1,650
111Occupied$1,600$1,650
112Occupied$1,600$1,650
Review mappings and check duplicates
Illustrative import · Gold or Diamond required
01

Review the documents

Import and check the T12 and rent roll. Document import requires Gold or Diamond.

02

Set the assumptions

Reconcile the unit mix, vacancy, operating expenses, and financing.

03

Test the investment case

Review cash flow and debt coverage. Detailed projections require Gold or Diamond.

04

Share the analysis

Compare saved scenarios and create a report for your partners.

Explore T12 & rent roll analysis →
Research built in

Underwriting starts before the spreadsheet

Keep ownership, debt, taxes, and comparable sales beside the assumptions they help inform.

Look beyond the asking price

  • Ownership and linked properties
  • Estimated debt, equity, and tax records
  • Sales history and comparable properties
  • Building details and location context

Coverage varies by property and record type. Verify material information before relying on estimates.

Explore property research →
PROPERTY DETAILSSample records · Address hidden
Estimated value
$540,000
Estimated equity
$237,600 · 44%
Estimated LTV
56%
Annual property tax
$8,100

Value vs debt

Debt $302,400Equity $237,600
Representative sample property
Atlanta, GA

Property 1 · address hidden

Multifamily · 20 units

Property type
Apartments
Units
20
Year built
1986
Building size
18,400 sq ft

Illustrative records and representative photos. Verify valuations, ownership, tax, and property details. Address and contact information hidden.

How the research works: the property research guide · analyzing property comparables · the property finder

Beyond the model

Scenarios, teams and reports

Two investment scenarios compared on a laptop

Scenarios, not one static model

Save alternative assumptions. Silver includes 3 scenarios per deal, Gold 10, and Diamond unlimited. Side-by-side comparison requires Gold or Diamond.

Colleagues reviewing a shared property analysis

Team collaboration

Share deals, documents, and roles with your team. Team collaboration requires Diamond.

Shared investment report webpage with a downloadable PDF

Reports you can hand to a partner

Share a report link or download a PDF on every paid plan. Report Center customization requires Gold or Diamond.

Plan details and allowances live on the pricing page. If the deal includes outside investors, the LP/GP economics have their own page: real estate syndication software.

The alternative

Choose how you build the investment case

Spreadsheets offer flexibility. DealWorthIt brings research, asset-specific models, and reporting into a connected workflow.

Across the workflow

Spreadsheets

A model you build and maintain

DealWorthIt

A structured investment workspace

Research

SpreadsheetsCollect records in separate tools

DealWorthItKeep property research beside the model

Models

SpreadsheetsBuild formulas for each strategy

DealWorthItStart with an asset-specific workflow

Scenarios

SpreadsheetsManage alternative file versions

DealWorthItSave assumptions; compare on Gold or Diamond

Reports

SpreadsheetsFormat a separate presentation

DealWorthItShare a report from your analysis

Teamwork

SpreadsheetsCoordinate edits and file versions

DealWorthItShared deals and roles on Diamond

Find your fit

Built for the people behind the deal

For investors and teams evaluating an acquisition, testing assumptions, and presenting the investment case.

01

Individual investors

Evaluate your next acquisition with a repeatable process.

02

Acquisition teams

Screen the pipeline and carry qualified opportunities into analysis.

03

Syndicators & operators

Model the property and review investor economics.

04

Investment firms

Organize deal research and analysis in a shared workflow.

05

Coaches & communities

Offer a branded workspace through the white-label platform.

Where it fits

Investment analysis, alongside your other tools

Keep accounting, property operations, and professional services in their dedicated workflows.

  • Accounting & bookkeeping
  • Tenant & property management
  • Certified appraisals
  • Loan origination & servicing
  • Legal & title services

Depending on the strategy and asset type, DealWorthIt can model metrics such as NOI, cap rate, cash flow, cash-on-cash return, DSCR, debt yield, IRR, equity multiple, return on cost and development profit. Each asset workflow computes the metrics that decide that kind of deal — a flip is not judged on DSCR, and a development is not judged on cash-on-cash — which is exactly why the models are separate.

The metrics themselves are covered in depth in the guides: NOI, cap rate, DSCR and the full underwriting guide.

DealWorthIt is decision-support software. Property records, estimates, imported documents and model outputs should be reviewed and validated before making investment decisions — the platform organizes the evidence and the arithmetic; the judgment stays yours.

Questions

Real estate underwriting software, answered

Real estate underwriting software helps investors evaluate a property’s financial performance by modeling income, expenses, financing, returns, scenarios and risk assumptions before they buy. DealWorthIt extends that definition across the workflow around the model: finding on-market and off-market properties, researching ownership, debt, tax, history and comparables, underwriting with asset-specific models, comparing scenarios, and sharing investor-ready reports.

DealWorthIt has dedicated analysis workflows for multifamily, self-storage, single-family and new construction. The single-family workflow splits into buy and hold, fix and flip and wholesale — three separate models with separate inputs — and the new-construction pro forma covers residential, retail, office, mixed-use and industrial building types within one development workflow.

Yes. Upload the operating statement and rent roll and DealWorthIt maps the rows into model line items — flagging the ones that need a human decision, and leaving every mapped figure editable. Document import is a Gold and Diamond feature, and imported data should still be reviewed before you rely on the analysis: an imported number you cannot argue with is worse than one you typed.

Yes — as three separate workflows, not one calculator with a dropdown. A buy and hold is judged on cash flow, cap rate, cash-on-cash and DSCR; a fix and flip on net profit and return on cost after rehab and carry; a wholesale on the assignment spread and the maximum fee the deal supports. Each model carries its own inputs and outputs.

It replaces the workflow most investors use Excel for: building and maintaining a model per deal, copying research into it, duplicating tabs for scenarios and formatting reports by hand. Excel remains more flexible for one-off custom analysis — the tradeoff DealWorthIt makes is structure: asset-specific models, research connected to the model, saved scenarios and generated reports.

Yes. Every property carries a research profile: current ownership with linked properties, estimated mortgage balance and estimated equity, tax and assessed values, sales and MLS listing history, foreclosure and auction records where they exist, flood-zone context, sales comparables and source-labelled value estimates. The search side covers on-market and off-market properties, so research starts from deal criteria rather than one address at a time.

Yes, on the Diamond plan: shared deals and documents, Admin, Analyst and Viewer roles, and an activity log, so a team works one deal record instead of emailing spreadsheet versions. On any plan, a generated report can be shared as a link that the recipient opens without an account.

Yes. The analysis generates a shareable, investor-ready report — published sample reports exist for multifamily, self-storage and all three single-family strategies, built on sample deal data. Every paid plan includes the deal report with PDF download on every deal type; the Report Center — saved reports, section customization and cover personalization — is a Gold and Diamond feature. Reports present your underwriting to partners, lenders and buyers; they are not legal, accounting or securities offering documents.

Underwrite your next deal with more context

Find the property, research the opportunity, model the numbers with the workflow built for it, and present the deal — from one platform.

No long-term contract · Cancel anytime