Rental property analyzer
See whether the rent supports the property - and the debt.
A reliable rental decision separates income, recurring operations, capital reserves, debt service, evidence confidence, and the price required by your return targets. BrickPads connects those layers without relying on a single screening ratio.
01
Start with supported rent
BrickPads reconciles the subject rent against compatible rental evidence and shows a supported range and confidence. The conservative end of that range is used when positive guidance depends on it.
For two-to-four-unit and multifamily properties, generic single-unit RentCast estimates are not silently treated as whole-building income. A complete entered or verified rent roll is required.
- Confirm current leases, concessions, and utility responsibility
- Match property type and unit configuration
- Treat stale or dispersed evidence as lower confidence
02
Keep NOI and investor cash flow distinct
Effective gross income equals scheduled rent plus recurring other income minus vacancy and credit loss. NOI subtracts recurring operating expenses, but not mortgage payments, income tax, depreciation, or investor distributions.
Capital replacement reserves are shown separately from NOI and are subtracted with principal-and-interest debt service to calculate investor cash flow.
03
Read both DSCR measures
Lender DSCR compares supported gross market rent with modeled PITIA under the configured lender profile. Operating DSCR compares annual NOI with annual principal-and-interest debt service.
The two ratios answer different questions. They are labeled separately and do not imply the eventual lender will use BrickPads' exact assumptions.
04
Test operating resilience
BrickPads evaluates monthly and annual cash flow, cash-on-cash, cap rate, stabilized yield on cost, break-even occupancy, expense ratio, rent-to-value, GRM, projected equity, and longer-hold IRR where inputs support it.
GRM and rent-to-value remain screening measures. They cannot independently determine Pursue, Verify, Pass, or a maximum offer.
05
Reverse-solve the strategy price
The rental price required is solved against the configured monthly cash-flow, cash-on-cash, cap-rate, lender DSCR, operating DSCR, and cash-required targets. BrickPads identifies the binding requirement and only turns the result into acquisition guidance when supported market evidence overlaps.
FAQ
Common investor questions
What is the difference between lender DSCR and operating DSCR?
Lender DSCR uses supported gross monthly rent divided by modeled PITIA under the configured lender profile. Operating DSCR uses annual NOI divided by annual principal-and-interest debt service.
Does BrickPads include CapEx in NOI?
Long-term capital replacement reserves are displayed separately from canonical NOI and are subtracted when calculating investor cash flow.
Does the 1% rule decide whether a rental works?
No. Rent-to-price and GRM are screening references. The decision uses the complete income, expense, debt, cash, evidence, downside, and configured-return model.