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Illustrative sample — not a customer result. The address and every input below are illustrative assumptions, not verified property facts.

Sample Decision Memo

Doesn't meet your targets at asking.

Philadelphia rental example · asking $265,000

What a decision memo is

A decision memo is the written form of an analysis: the answer at asking price, the Offer Ceiling with the targets that produced it, the cash flow after reserves and the DSCR that drove the verdict, the assumptions with their sources, the two inputs most likely to change the outcome, and what to verify before you offer. It is what you hand a partner, a lender, or a client so the numbers and the reasoning travel together. This one is generated from the sample deal by the same engine that runs every analysis, so what you see here is exactly what a real deal produces.

Offer Ceiling

$236,000

Sample targets v1.0 · cash flow ≥ $750/mo · DSCR ≥ 1.25

The asking price is $29,000 above this ceiling.

Binding
Cash flow ≥ $750/mo
Next constraint
DSCR ≥ 1.25
Screening range
$202,000–$273,500

If rent ±5%, rate ±0.5 points, vacancy ±2 points.

The highest price that still meets Sample targets under the assumptions shown.

Base economics at asking

Monthly cash flow
$554
Cap rate
9.33%
Cash-on-cash
10.91%
DSCR
1.52

Deal score 86/100 · a heuristic summary of the modeled numbers.

What could break the decision?

  • Rent: $3,050/mo is a scenario assumption; a signed lease or rent roll could move the ceiling materially.
  • Financing: 6.6% at 20% down is not a quote. Rate, points, PMI, and reserves can change cash flow and DSCR.
  • Operating costs: taxes, insurance, vacancy, maintenance, management, and CapEx are screening inputs—not verified bills or bids.

What should I verify next?

  1. 1. Income: confirm contract rent, concessions, utilities, and current occupancy.
  2. 2. Debt: obtain a written investor-loan quote with rate, points, DSCR definition, escrows, and reserve requirements.
  3. 3. Property costs: verify post-transfer taxes, insurance, inspection findings, and near-term capital work.

Methodology and scope

Generated from sample fixture synthetic-rental-v2 using TrueCap Underwriting Standard v1.3. Target profile: Sample targets v1.0. The same sample powers the homepage preview and the opened sample analysis.

Review the methodology
Analyze a Deal See Decision Memo access