Real estate underwriting software for investors who need more than a spreadsheet
Find the deal, research the property and the market, model the numbers with a workflow built for the asset type, compare scenarios, and hand your partners an investor-ready report — from one platform.
Explore a sample deal report → A real published report, built on sample deal data.
Real estate underwriting software helps investors evaluate a property’s financial performance before they buy it: modeling income, expenses, financing, returns and risk assumptions, and testing how the deal holds up when those assumptions move. It replaces the spreadsheet an investor would otherwise build, maintain and debug for every deal — and, done well, it replaces more than the spreadsheet.
Because the spreadsheet was never the whole job. The numbers in an underwriting come from somewhere: a property that had to be found, ownership and debt records that had to be researched, comparable sales that frame the value, market data that frames the rent. In a spreadsheet workflow each of those lives in a different tab or a different tool, assumptions fragment across versions, scenarios multiply as copies of copies, and the final report is yet another document built by hand.
DealWorthIt connects that workflow instead: property discovery, property and market research, asset-specific underwriting models, scenario comparison and shareable reports in one platform — so the facts you research become the assumptions you model, and the model becomes the report, without retyping anything in between.
One workflow from search to report
Underwriting is one stage of five. DealWorthIt connects the stages around it, so the model starts from research rather than from a blank sheet — and ends as a report rather than another export.
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.
A workflow per asset type, not one calculator
A flip’s hold period is a cost driver; a rental’s is a growth driver; a development has no operations at all. Each asset type gets the model built for it, with its own inputs and its own deciding metrics.
Multifamily
Import the T12 and rent roll, reconcile them against the unit mix, apply vacancy, loss to lease and operating expenses, layer the debt, and project growth and exit cap across the hold — for NOI, DSCR, debt yield, cash-on-cash, IRR and equity multiple, with a sensitivity grid across rate and exit-cap movement.
Self-Storage
Build revenue from the unit mix and rate per square foot rather than a rent roll of leases, keep economic occupancy honest against headline occupancy, add tenant insurance and fee income, and carry the result through expenses, debt and exit — with a storage-specific methodology, not renamed apartment math.
Single Family
Three strategies, three separate models: buy and hold for monthly cash flow, cap rate, cash-on-cash and DSCR; fix and flip for net profit and return on cost after rehab and carry; wholesale for the assignment spread and the maximum fee the deal still supports.
New Construction
A development model rather than an operating one: land, hard and soft costs and contingency as separate inputs, construction financing with interest carried on an average drawn balance, completed value, development profit and return on cost — across residential, retail, office, mixed-use and industrial building types.
From T12 and rent roll to an investor-ready analysis
The multifamily workflow, end to end — the same shape every asset workflow follows: documents and research in, editable assumptions in the middle, metrics and a report out.
- Import the T12 and rent roll — rows map into model line items and stay editable; document import is a Gold and Diamond feature
- Reconcile the rent roll against the unit mix, with vacancy and loss to lease explicit
- Build the operating model: other income, controllable and non-controllable expenses, reserves
- Layer the debt: loan-to-value, rate, amortization, interest-only period
- Project the hold: growth, inflation, exit NOI basis and exit cap — pro forma projections are a Gold and Diamond feature
- Read the outputs: NOI, DSCR and debt yield, cash-on-cash, IRR and equity multiple, suggested offer price
- Save scenarios and compare them side by side, then share the report
Imported data should still be reviewed before you rely on the analysis — every mapped figure stays visible and editable for exactly that reason. Full detail on the multifamily underwriting page, and on the document side of the workflow — T12 & rent roll analysis.
Underwriting starts before the spreadsheet
Most underwriting tools start at the moment you already have the numbers. DealWorthIt starts where deals actually start: the search covers 150M+ on-market and off-market properties with investor-grade filters, and every property carries a research profile — current ownership with linked properties, estimated mortgage balance and estimated equity, tax and assessed values, sales history and for-sale and for-rent listing history, foreclosure and auction records where they exist, flood-zone context, sales comparables against median comp value and price per square foot, and value estimates labelled with their source. The research is where your rent, value and repair assumptions come from — so it lives next to the model those assumptions feed.
On the property’s research profile
- On-market and off-market property search
- Ownership, linked properties and associated people
- Estimated mortgage balance and estimated equity
- Tax, assessed values and deed information
And alongside it
- Sales history and MLS listing history
- Foreclosure and auction records where available
- Sales comparables with price per square foot
- Source-labelled value estimates and flood-zone context
How the research works: the property research guide · analyzing property comparables · the property finder
Scenarios, teams and reports
Scenarios, not one static model
A serious underwriting is never one set of numbers. Save alternative versions of the same deal — a different price, rate, rent assumption, rehab budget or exit — and put them side by side. Silver includes 3 scenarios per deal, Gold 10, Diamond unlimited; side-by-side comparison is a Gold and Diamond feature.
Team collaboration
Work the same deals from the same data instead of passing spreadsheet versions back and forth: shared deals and documents, Admin, Analyst and Viewer roles, and an activity log. Team collaboration is a Diamond feature.
Reports you can hand to a partner
Turn the analysis into a shareable, investor-ready report — a link a partner, lender or end buyer can open without an account. Every paid plan includes the deal report with PDF download on every deal type; the Report Center — saved reports, section customization, cover personalization and report link management — is a Gold and Diamond feature, and a report link you have shared stays viewable. Reports present your underwriting; they are not legal, accounting or offering documents.
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.
DealWorthIt vs underwriting in spreadsheets
Excel remains flexible and powerful; the tradeoff is that investors must build, maintain and connect the workflow themselves. DealWorthIt trades some of that flexibility for structure: models built for each asset type, research connected to the model, and reports generated from the analysis rather than rebuilt beside it.
The spreadsheet workflow
- Property discovery happens in separate tools
- Research lives in tabs, screenshots and county sites
- Every asset type needs a model you build and maintain
- Scenarios are copies of copies, drifting apart
- Reports are formatted by hand, per audience
- Versions multiply across the team’s inboxes
The connected workflow
- On-market and off-market search in the same platform
- Property research attached to the property itself
- Structured workflows per asset type and strategy
- Saved scenarios compared side by side
- Shareable investor-ready reports from the analysis
- One deal record the whole team works from
Who it’s for — and who it isn’t
Built for
- Individual real estate investors analyzing their own acquisitions
- Acquisition teams screening and underwriting a pipeline
- Syndicators and operators modeling deals and investor economics
- Investment firms and teams that need one deal record, not competing spreadsheets
- Coaches and communities, through the white-label platform
Not a replacement for
- General-purpose accounting software
- Property-management software for running tenants and work orders
- A certified appraisal — value estimates are research inputs, not appraisals
- Loan origination or servicing software
- Legal or title work
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.
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.