property-underwriting

name	Property Underwriting
description	Underwrite a property to a clear return picture and a defensible maximum offer.
category	Finance

Property Underwriting

Model a deal end to end so the operator sees the return, the risks, and the most they should pay.

When to use

• A candidate property clears the initial screen.
• An offer needs a number backed by real assumptions.

Steps

1. Establish the purchase, rehab, and closing costs.
2. Project rent from real comparables, not the listing's pitch.
3. Model operating costs, vacancy, and financing.
4. Compute cash flow, cap rate, and cash-on-cash return.
5. Derive the maximum offer that still hits the target return.

Output

An underwriting model with returns, sensitivities, and a maximum offer, following the [[Buy box]]. The operator approves any purchase.