A deal survived the check — one question left: what goes on paper? Two engines answer it from opposite ends. One reads the seller’s situation; one works back from the return you refuse to go under. Where they overlap is your number.
Comps, the seller’s tax story, distress signals, how many rivals are circling — and word-for-word scripts. It also says plainly when you have no leverage at all.
Three numbers out of one address: open at, land near, walk away above — with the comps, the seller's tax story, distress signals, how many rivals are circling, and word-for-word scripts. Tells you when you have no leverage.
Cap rate, cash-on-cash or a ten-year IRR — it works back from the rent roll to the highest price that still hits it, says how far that is from the ask, and draws the whole price-to-return curve.
Type the return you need — cap rate, cash-on-cash, or a ten-year IRR — and it works back from the rent roll to the highest price that still hits it, says how far that is from the ask, and draws the whole price-to-return curve, financed or all-cash.
The same deal priced after the old tricks — rents to market off signed comps, taxes reset at your price, insurance credits — so you know what it is worth to the buyer who will do the work.
Every income deal with two caps: at the ask as-is, and after the old tricks — rents to market off signed comps, taxes reset at your price, wind-mitigation insurance credits. Also gives the make-it-work price.
Everything on this branch is education. It is not investment, legal or tax advice, nothing here is a recommendation to buy or sell anything, and no page knows your situation. The numbers are computed from county records and signed leases so you can audit them — do your own due diligence, and bring your own advisers before money moves.
Two ways forward.