Multifamily underwriting calculators
The metrics that decide a deal, each one free and instant. No signup, no email gate. Built on the same math as the MultiScreen underwriting engine.
- Cap rate calculator
A cap rate calculator divides a property's annual net operating income by its purchase price to produce the capitalization rate, the unlevered yield the property generates at that price.
Cap Rate = Net Operating Income / Purchase Price - NOI calculator
An NOI calculator computes net operating income by subtracting vacancy, credit loss, and operating expenses from gross potential rent and adding other income, producing the figure that drives cap rate, DSCR, and property value.
NOI = (Gross Potential Rent - Vacancy - Credit Loss + Other Income) - Operating Expenses - DSCR calculator
A DSCR calculator divides net operating income by annual debt service to produce the debt service coverage ratio, which measures how many times a property's income covers its loan payments.
DSCR = Net Operating Income / Annual Debt Service - Cash-on-cash calculator
A cash-on-cash return calculator divides annual pre-tax cash flow after debt service by total equity invested, measuring the yearly cash yield an investor actually receives on the money they put in.
Cash-on-Cash Return = Annual Cash Flow After Debt Service / Total Equity Invested - Max loan calculator
A maximum loan calculator sizes the largest loan a property supports by testing loan-to-value, debt service coverage, and debt yield simultaneously, then returning the smallest of the three, which is how commercial lenders actually size debt.
Maximum Loan = the lesser of (Value × Max LTV), (DSCR-constrained loan), and (NOI / Min Debt Yield)
Looking for a definition instead? Browse the underwriting glossary
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