Don't Buy an Income Property Without Doing an Analysis.

The free analysis takes ten seconds. It tells you if a listing is even worth a second look. The full model is the same underwriting I've used on commercial deals for 22 years — vacancy, taxes, reserves, NOI, cap rate, cash-on-cash, DSCR — before you write the offer.

Free · No email required

Property analysis screen. Live, right here.

Listing price, down payment, rent. The same first-pass I run before I spend an hour on a deal. Then keep scrolling — the full model is waiting.

Leave one unit's rent blank if you'd live in it — the analysis treats that as your house-hack unit.

$
$
$
Down payment10% · $50,000
Interest rate6.78%
$

What the napkin says

Your Real Monthly Housing Cost

$0/ mo

Gross rent minus the mortgage. This is the number most buyers fall in love with.

Mortgage Payment (P&I)$0
Rental Income$0
Subtotal$0
PMI$0

This number is incomplete on purpose.

It ignores vacancy, maintenance, capital reserves, and what it actually costs to close. Lenders do not ignore those. Neither should you.

See what a full underwriting analysis looks like

Example numbers, based on what you entered above — not a real listing or financial advice.

Free Resources

Find the property. Learn the steps. Free.

Start with Prompt 1 to find listed properties, graduate to Prompt 2 to build your deal flow, make the calls with the Voice Script, and keep the 7-step guide on hand. No email, no catch — same as the analyzer above.

Prompt 1 — Find Your First Deal

A copy-paste prompt that finds currently listed 2–4 unit properties matching your parameters — on ChatGPT, Claude, Gemini, or any AI you already use (web browsing turned on). Built for your first deal.

  • Fill in five blanks — town, property type, price range, results, focus area
  • Get back a sorted shortlist with listing links
  • Every result routes back here, to the free analyzer
Download Prompt 1
Free · No email required

Prompt 2 — Build Your Deal Flow

Your first deal will probably come from a listed property. This prompt maps the brokers and firms who see 2–4 unit listings before — or instead of — the portals, and hands you the exact questions to ask when you call.

  • Finds local agents with real 2–4 unit closings
  • Maps commercial firms’ in-house inventory pages
  • A 4-question call script for the deals no AI can see
Download Prompt 2
Free · No email required

The Voice Script — What to Say on the Call

The word-for-word script for calling the brokers and agents Prompt 2 finds you. No blanks to fill in — print it and keep it next to the phone.

  • Exactly what to say to reach the multifamily specialist
  • How to ask for the books and records
  • A follow-up checklist for after the call
Download the Script
Free · No email required

Buying Your First Income Property

The 7 steps to buying your first 2–4 unit property, in order — with both prompts built into the steps where you need them. Printable. Keep it.

Download the PDF
Free · No email required

Found a listing worth a second look? Run it through the analyzer above — then verify it with The Deal Verifier before you offer.

You've got your answer. Here's the path from here.

The free analysis is step one. It doesn't end there.

1

Decide it's worth pursuing

You just did that — the number above is your first filter.

2

Find an agent

Someone who actually knows income property, not just single-family homes.

3

Get qualified

FHA 203(b) allows as little as 3.5% down on owner-occupied 2–4 unit purchases — and rental income can count toward what you qualify for.

4

Run The Deal Verifier

Before you write an offer — acquisition costs, debt service, NOI, cap rate, cash-on-cash.

What the analysis hides

The analysis said one thing. The Deal Verifier says another.

That's a real swing, every month, on a single listing. Vacancy, maintenance, and reserves were never optional — the napkin just declined to count them.

Same example numbers as above — illustrative, not a real listing.

Napkin math

$0

Full underwrite

$0

Monthly, after every cost. Left is rent minus the mortgage. Right is NOI minus debt service.

Where the money actually goes

The leak, line by line

Lender-grade metrics

NOI / year
$0
Cap rate
0.0%
Cash-on-cash
0.0%
DSCR
0.00

Cash to close
$0

Break-even occupancy
0%

Stress it before you offer

These knobs don't exist on the free analysis

Move them. Watch DSCR and cash-on-cash change. The full workbook lets you set every line from your real tax bill, insurance quote, and rent roll.

Vacancy allowance5%
Maintenance reserve7% of EGI
Capital expenditure reserve5% of EGI

Property manager

8% of collected income after vacancy

Why The Deal Verifier

Eight things a 10-second analysis cannot see.

You're not buying a calculator. You're buying the line items a lender, an appraiser, and a serious principal will actually check — packaged so you can run them yourself in under five minutes.

The Deal Verifier

Six tabs. Zero fluff. Built for real deals.

Most property calculators spit out a number and call it a day. This is a workbook you keep — Excel, Google Sheets, or Numbers — and run on every listing until you find one that actually works.

Tab 02 · live preview

Property Analysis

Your numbers, right now

Seven years of this deal

Equity + cash, if you hold

Illustrative 3% appreciation plus principal paydown and the model's cash flow. Not a promise — a picture of why underwriting the hold matters as much as month one.

Same framework. Printed. Yours to keep.

Unlimited properties. One payment. The first deal you skip because the model said no is the one that pays for this a hundred times over.

Get The Deal Verifier — $47
Two ways to own it

House hack or pure investment. Same model.

Toggle it on the free analysis above — leave a unit blank to house-hack it, or fill every unit to run it as a pure rental. The workbook keeps both views, so you can see what it costs to live there, or what it pays you as a rental, before you choose.

House hack or pure investment — same model
You live in one unit

House hack

You live in one unit.

The other unit's rent isn't "cash flow." It's a reduction in what it costs you to live. The model shows your real monthly housing cost after vacancy, taxes, insurance, and reserves — the easiest way to start the move from labor to capital.

Pure investment

You rent every unit.

Monthly and annual cash flow, cap rate, cash-on-cash, DSCR. The numbers that tell you if it's a deal or a mistake — the same analysis, run the same way, whether this is your first duplex or your fifth.

Cap rate, with a market

Your deal is coming in at 0.0%.

Your deal is coming

A cap rate that "sounds fine" is how suburban duplexes get priced like trophies. The gold line on the chart is this listing, underwritten with the assumptions you set above.

Figures are illustrative closed-sale ranges from 2025–2026 market reports (Northmarq, Matthews, Kidder Mathews, ARCA / CoStar). Your property is not an average — that's the point of running the model.

California & U.S. multifamily

Where this cap rate sits

One Payment. Yours Forever.

$47
One-time. Not a subscription.
That's less than one month of a $59/mo AI platform — and you keep this forever.
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Arthur DeJohn

Who Built This.

Hi, I'm Arthur DeJohn. 20+ years in commercial real estate, underwriting income properties for investors and brokers.

I built this because most first-time buyers run the numbers on a property the same way they'd guess a tip — and the ones who don't have a framework are the ones who find out they overpaid after closing, not before.

This is the same framework I've used with real clients for two decades, packaged so you can run it yourself in under 5 minutes.

Use it once. See what it tells you about your next deal.

Common Questions.

Your First Deal Isn't Far Away.

The question isn't whether you'll find a listing. It's whether you'll know if it's actually a good one when you do.

Get The Deal Verifier — $47

Instant download • 7-day guarantee • Yours forever