Underwriting in plain language,
in your own model
Your judgment, paired with the speed and execution of your agents.
With agents connected to your digital deal brain, every relevant data point can be brought into the underwriting process so your team can make better decisions with greater confidence.
Let’s run the playbook on Sundance Ridge.
On it. The model’s verified and synced, every floorplan was cleaned up automatically. We’re on step 3 now; here are my recommended assumptions for you to review:
Determining physical vacancy assumptions…
Model · Sundance Ridge Apartments
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A9
fx
=SUM(B6:B8)
| Jun 2025 | Jul 2025 | Aug 2025 | T-12 Total | |
|---|---|---|---|---|
| Gross Potential Rent | 489,214 | 491,806 | 493,925 | 5,876,411 |
| (Loss-to-Lease) / Gain-to-Lease | (8,120) | (7,940) | (9,271) | (86,717) |
| Net Potential Rent | 481,094 | 483,866 | 475,389 | 5,384,887 |
| Concessions | (1,213) | (613) | (1,888) | (21,582) |
| Non-Revenue Units | (4,421) | (4,468) | (4,632) | (51,238) |
| Collection Loss | (1,992) | (5,138) | (37,482) | (115,774) |
| Total Rental Income | 421,171 | 427,181 | 368,706 | 4,926,779 |
| Pet Rent | 1,563 | 2,799 | 2,770 | 26,723 |
| Parking / Garage | 12,939 | 13,141 | 11,914 | 150,706 |
| Storage | 1,933 | 2,178 | 2,081 | 25,481 |
| Fee Income | 5,136 | 15,107 | 37,353 | 188,430 |
| RUBS Income | 29,270 | 19,797 | 23,124 | 319,307 |
| Other Income | 1,074 | 1,263 | 2,129 | 14,737 |
| Total Other Income | 53,606 | 55,960 | 79,931 | 735,968 |
| Effective Gross Income | 474,777 | 483,141 | 448,637 | 5,662,747 |