TrueCap vs Crexi: residential underwriting vs commercial marketplace
By TrueCap · built by a Philadelphia rental investor
Crexi is a commercial real-estate marketplace + intelligence platform for CRE listings, sale comps, lease data, and broker listing tools. TrueCap is a residential rental underwriting calculator — single-family, small multifamily, owner-occupant. Different asset classes. Investors who do both residential and commercial may use Crexi for sourcing CRE deals and TrueCap for residential.
Free analyzer: no card or signup
TL;DR
Use TrueCap when
- You're underwriting residential rentals (SFR, 2-4 unit multifamily, owner-occupant).
- You want cap rate, CoC, DSCR, cash flow on a specific residential address.
- You want financing math (PITI, amortization) on a specific residential address.
- You're not evaluating commercial deals.
Use Crexi when
- You're sourcing commercial real estate (office, retail, industrial, multifamily).
- You need a CRE listings marketplace + comp database.
- You're a CRE broker marketing listings.
- You're evaluating commercial deals where Crexi's data is the comp source.
Feature-by-feature
Side-by-side on every dimension that matters for a comparison-shopping investor.
| Feature | TrueCap | Crexi |
|---|---|---|
| Primary asset class | Residential (SFR, small multifamily, owner-occupant) | Commercial (office, retail, industrial, multifamily) |
| Lifecycle stage | Per-deal underwriting calculator | Marketplace + intelligence |
| Cap rate / CoC / DSCR analysis | Yes — full engine for residential | Valuation calculator on sale listings (DSCR, cap rate, ROI) after free registration |
| 10-year projection | Pro — residential rent + expense + appreciation | Not listed in its listing calculator |
| Starting values (rent/rate/tax) | HUD rent + FRED rate + manual local property tax (residential) | Listing calculator inputs: purchase price, NOI, down payment, rate and term |
| CRE listings (office, retail, industrial) | No — residential focus | Yes, a national CRE marketplace for sale, lease and auction listings |
| CRE sale + lease comps | No | Yes, 46M+ sales comps plus lease data on paid Intelligence plans |
| Broker listing tools | No | Yes, Crexi PRO helps brokers market listings |
| Tenant info (CRE) | Not applicable | Yes, tenant history in its Intelligence lease data |
| Free tier | Yes — core residential underwriting | Free to browse and list; paid for Intelligence |
| Pricing (entry tier) | Free core; paid Pro — see live pricing | Free to browse and list; Intelligence Select $299/month, or $269/month billed yearly; higher tiers on request (as of October 2026) |
Crexi details were checked against its Intelligence pricing page and its sale listings in October 2026. Features and prices can change.
Where each one fits
- If you do both residential and CRE. TrueCap underwrites your residential deals; Crexi sources and provides comps for your CRE deals.
- For CRE underwriting specifically. Crexi shows you the deal + market comps, and the valuation calculator on its sale listings returns DSCR, cap rate, and ROI after free registration. For a full CRE model, use dedicated CRE underwriting software or a CRE spreadsheet model.
- If you're purely residential. TrueCap covers the underwriting. Crexi's marketplace is commercial, so source residential deals on the MLS or a residential listing site.
Want the residential underwriting half on its own? The free closing cost calculator sizes the cash you actually need at the table, and the full TrueCap analyzer returns cap rate, DSCR, and cash flow from an address, the asking price and a bedroom count — no CRE model required. Our guide on 60-second underwriting walks through the workflow end-to-end.
Common questions about TrueCap vs Crexi
Quick answers to the questions investors comparison-shopping these tools actually ask.
Is TrueCap a Crexi alternative?
No — different asset classes. Crexi is commercial real estate (office, retail, industrial, multifamily). TrueCap is residential (single-family, small multifamily, owner-occupant). The two don't overlap meaningfully.
Crexi vs LoopNet — which one?
That choice is outside what TrueCap does, so this page takes no side. Compare listing coverage in your market, data tools, and current pricing on Crexi's and LoopNet's own sites before choosing.
Does TrueCap support commercial real estate?
Not really — we're built for residential underwriting (SFR, 2-4 unit, owner-occupant). Commercial deals (office, retail, industrial) have entirely different cash-flow math, lease structures, and metrics (NOI multiples, vacancy by tenant type, TI / LC allowances). For CRE underwriting use dedicated CRE software or a CRE spreadsheet.
Is Crexi free?
Free to browse listings and to list properties. Crexi Intelligence Select is $299 a month, or $269 a month billed yearly, and higher tiers are priced on request (as of October 2026).
Can I use TrueCap for small multifamily commercial deals?
Yes. TrueCap is built for 1-4 unit residential deals, and the form accepts more units. The owner-occupant property type also handles small multifamily configurations. For 5+ unit multifamily that's classified as commercial financing, the math gets different (commercial loans + DSCR underwriting standards) and you'd want a dedicated multifamily calculator.
On price, plainly
Tools in this space run from free to well above TrueCap — check Crexi's live pricing for their current number. What TrueCap's price buys is the decision layer, not more calculation: an Offer Ceiling for your targets, Buy Box fit with reasons, the downside stress test, and assumptions that are source-labeled instead of silently defaulted. Whether that workflow justifies the price depends on your volume, verification process, and existing tools.
Screening listings for investor clients? TrueCap for agents keeps a client roster and screens each deal against the Buy Box of the client you assign it to.
Underwrite the next deal — free.
TrueCap free covers cap rate, CoC, DSCR, and monthly cash flow. Your first complete decision also includes the Offer Ceiling. Pro adds 10-year cash-flow and equity projections, sensitivity, the Offer Ceiling, co-branded share links and PDF reports; see live pricing for current terms. No card to start.
About TrueCap
TrueCap is built by one person, a rental investor in Philadelphia. It started as the tool he wanted for his own underwriting — a way to get from an address to a source-labeled first-pass answer — and it's still how he runs the deals he considers.