Belaire Real Estate Underwriting Engine

Underwrite Like a Private Capital Lender

Run a full acquisition → rehab → refinance → lease-up → exit analysis in your browser. Use every tool free — create an account when you're ready to download your results as a PDF.

Underwriting Engine FREE Mortgage Calculator FREE Investment Return Calculator

Real Estate Underwriting Engine

Fill in the yellow fields. Everything else calculates automatically — the same 6-phase model as the Belaire spreadsheet.

Purchase Price ($) Down Payment (%) Closing Costs (% of ST loan) Annual Property Tax ($) Annual Insurance ($) Number of Units Building Size — Gross / Lot (SF) Building Size — Net Leasable (SF) Rehab Category

Enter budgeted cost per line. Add your own rows as needed.

Category	Budgeted ($)

Contingency (%) Rehab Duration (months)

Total Rehab Budget: $0

Bedroom Type	Unit Count	Avg SF / Unit	Monthly Rent / Unit ($)	Monthly Income ($)

Gross Monthly Rent: $0 · Total SF in Mix: 0

Short-Term Rehab Loan (interest-only)

ST Loan Amount ($) ST Interest Rate (%) ST Points (%) Operating Reserve ($)

Refinance — Permanent Loan at Completion

ARV — Value When Rehab Complete ($) Refinance LTV (%) Permanent Rate (%) Permanent Term (years) Refi Closing Costs (%)

Permanent Loan: $0 · Monthly P&I: $0

Gross Monthly Rent ($) Vacancy & Collection Loss (%) Other Monthly Income ($) Annual Operating Expenses ($) Management Fee (% of EGI) Annual Rent Growth (%) Annual Expense Growth (%)

Annual Appreciation (%) Selling Costs (%)

Cash Flow Timeline (36 months)

	t = 0 (Purchase)	Year 1	Year 2	Year 3 + Sale

Return Analysis

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FREE Mortgage Calculator

Monthly payment, total interest, and a year-by-year amortization schedule.

Loan Amount ($) Interest Rate (%) Term (years)

Monthly P&I: $0 · Total Interest: $0

Year	Interest	Principal	Balance

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FREE Investment Return Calculator

Calculate IRR, equity multiple, cash-on-cash, yield and rate of return on any deal.

Total Cash Invested ($) Holding Period (years) Annual Cash Flow ($) Net Sale Proceeds at Exit ($)

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Step 1 of 2 — your contact information

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