tinyhumansai 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
- Establish the purchase, rehab, and closing costs.
- Project rent from real comparables, not the listing's pitch.
- Model operating costs, vacancy, and financing.
- Compute cash flow, cap rate, and cash-on-cash return.
- 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.