Live demo · the actual engine
This is the real model.
The same engine that powers Nivora is running in your browser right now, on a fictional 104-unit Tampa deal. Drag the assumptions: every figure below, from the annual cash flow to the LP waterfall, re-runs the complete model. No login, no canned numbers.
Your assumptions
Everything else (debt sizing, taxes, the waterfall structure) stays at the sample's underwritten values. In the product, every one of them is yours to set.
Levered IRR
13.2%
Equity Multiple
1.75×
Avg Cash-on-Cash
6.3%
Going-In DSCR
2.00
Annual cash flow
| Line item | Year 0 | Year 1 | Year 2 | Year 3 | Year 4 |
|---|---|---|---|---|---|
| Effective gross income | $1.81M | $1.99M | $2.04M | $2.10M | $2.16M |
| Operating expenses | −$854k | −$919k | −$949k | −$980k | −$1.01M |
| Net operating income | $957k | $1.07M | $1.09M | $1.12M | $1.15M |
| Debt service | −$465k | −$507k | −$507k | −$507k | −$507k |
| Levered cash flow | −$6.18M | $317k | $483k | $510k | $9.61M |
| Cash-on-cash | 1.7% | 5.5% | 7.7% | 8.2% | 8.6% |
The LP's side of the waterfall
An 8% preferred return, then a 70/30 promote, distributed monthly and reconciled against levered cash flow. Drag the assumptions above and watch the promote move: that's the entire LP/GP negotiation, live.
Underwrite your own dealWant this on your own deal?
Request access and your first rent roll becomes a pro forma like this one, usually in under two minutes.
Illustrative sample deal for demonstration only: not an offer to invest and not investment advice. The engine, the math, and the waterfall are the production code; the property is fictional and the assumptions are illustrative sample data.