Underwrite
The underwriting desk
Type a building in and see the same stack we run on our own files — gross potential income down to net operating income, then the cap rate, the coverage ratio and the cash-on-cash. It opens on Bear Creek 8, so you can see the shape before you change anything.
Headline
| Line | Annual | Note |
|---|---|---|
| Gross potential income | — | Every unit, every month, nothing vacant |
| Vacancy and credit loss | — | |
| Other income | — | |
| Effective gross income | — | The money that arrives |
| Operating expenses | — | |
| Management | — | |
| Total operating expenses | — | |
| Net operating income | — | Before debt, tax and reserves |
| Below the line | ||
| Capital reserves | — | Real, and not inside the cap rate |
| Annual debt service | — | Loan constant |
| Cash flow after debt service | — |
Cash in
- Loan
- —
- Closing costs
- —
- Total cash invested
- —
What a lender supports
- Loan at 1.20x
- —
- Loan at 1.25x
- —
Net operating income divided by the coverage floor, divided by the loan constant. On a lot of files this, and not the comparables, is the offer. The arithmetic, walked through.
| Net operating income | NOI | Cap | DSCR | Cash-on-cash |
|---|
Nothing you type is sent anywhere. This page has no analytics on it and makes no network request while you use it. Results are an estimate from the assumptions you enter and are not a valuation, an appraisal, a loan quote or advice. The first substantive conversation about a specific property is a licensed act — send it to Ryan McMillan and get it in writing.
Contact
Contact Ryan McMillan
Send us the building. You get a written analysis whether or not you transact, and whether or not you transact with us.
Ryan McMillan, Broker, OR #201262100. Brokered by eXp Realty. The first substantive conversation about a specific property is a licensed act and belongs to the broker.