Real estate financial model template
A complete financial model framework for residential, BTR, coliving, student housing, and mixed use real estate deals.
The real estate financial model is a free downloadable PDF documentation pack for a 12 tab workbook that underwrites residential, build to rent, coliving, student housing, and mixed use deals on a single, defensible template. It includes 12 tabs covering revenue by unit type, real estate specific operating costs, capital stack from senior debt to equity, sensitivity tables, and investor outputs like NOI, cap rate, IRR, equity multiple, and DSCR. Built for deals from one million to five hundred million dollars.
Inside this template
- 12 tab workbook map
- Unit mix by asset class
- Real estate OPEX categories
- Capital stack modelling
- Investor summary tab
Built for operators who need it to be right the first time.
Every real estate decision eventually lands inside a spreadsheet. Acquisitions get underwritten in one. Investor decks are built from one. Operating budgets get tracked through one. Most operators rebuild the same model from scratch every time, losing days to formula errors, missing sensitivities, and inconsistent assumptions. This template gives you a single, defensible model you can adapt to any deal type.
The model includes revenue projections by unit type, operating cost categories tuned to real estate, financing structures from senior debt through equity, sensitivity tables on rent and occupancy, NOI and cap rate calculations, IRR and equity multiple outputs, and an investor ready summary tab. It works for deals from one million to five hundred million dollars and across residential, build to rent, coliving, student housing, and mixed use assets.
This is the underwriting framework our real estate consultancy uses on every advisory engagement.
Everything in this template.
- 01A documentation pack for the 12 tab workbook covering revenue, costs, financing, sensitivities, and outputs
- 02Unit mix and pricing inputs tuned for residential, BTR, coliving, and student housing
- 03Operating expense categories specific to real estate operations
- 04Capital stack modelling across senior debt, mezzanine, and equity
- 05Investor ready summary tab with NOI, cap rate, IRR, equity multiple, and DSCR
Who this template is for.
Developers underwriting new acquisitions, operators modelling property conversions, REITs comparing portfolio assets, PropTech founders pitching the unit economics of their business, and investors stress testing deal assumptions.
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From strategy and advisory to marketing, technology, and operations, our team works with real estate and PropTech operators across 14+ countries. Book a free 30 minute strategy call and we will walk through where this template fits in your roadmap.