Understanding your analysis report

Every Full Analysis opens with an Investment Summary card. Here's what the key numbers mean and how to use them.

The verdict badge

The badge — Strong Buy / Buy / Hold / Pass — is Underwrite's top-line recommendation. It's a 0–100 composite score combining cap rate, cash-on-cash return, revenue upside, market strength, and entry price vs. comps. A score above 70 typically signals a strong opportunity.

Key metrics explained

Cash-on-Cash Return (CoC)

Annual pre-tax cash flow ÷ total cash invested (down payment + closing costs + furnishing). This is your levered, Year 1 yield on the money you actually put in.

Target for STRs: 8–12% at current rate levels.

Cap Rate

Net Operating Income ÷ purchase price. Financing-agnostic — useful for comparing deals regardless of how each is financed.

Target for STRs: 5–7% in coastal markets; 8–12% in secondary markets.

DSCR (Debt Service Coverage Ratio)

NOI ÷ annual debt service. Most DSCR lenders require ≥ 1.25x. Color-coded in the report: green (≥ 1.25), gold (≥ 1.0), red (< 1.0 — can't cover the mortgage from STR income alone).

Why it matters: Underwrite calculates DSCR before you make an offer, so you know your loan qualification picture up front.

The P&L flow strip

Below the metrics: Gross Revenue → Operating Expenses → NOI → DSCR

This strip shows how revenue flows through expenses to net income, and whether that income covers the debt.

The nine report tabs

Not sure what a metric means? Hover over any metric label — a tooltip explains the definition and a benchmark range.