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Lot rent, park-owned home (POH) rent and rent-to-own (RTO) note payments are kept as separate income streams from parsing through to the analysis, and home vacancy is tracked separately from lot vacancy. Lot income is valued at the lot cap rate, while POH and RTO income appear as their own NOI lines, with an institutional view that values POH income at a higher cap rate or strips it out. How much weight POH income deserves typically depends on the age and condition of the homes.

Yes. Upload a lot roll as an Excel or CSV file and UWmatic reads the lot count, the tenant-owned / park-owned / rent-to-own split, and lot rent versus home rent, including rolls that state lot and home rent as one combined figure. Tenant name and contact columns are stripped before any AI provider sees the file, and the upload is deleted after parsing. PDF lot rolls are not accepted, so export the roll from your property management system as .xlsx or .csv.

Utility reimbursements on the P&L are kept separate from utility expenses. You can also model utility billbacks (RUBS) as an optional overlay: recoverable utility expense times a recovery rate. Reimbursements already on the P&L are netted out so nothing is counted twice, and billbacks lift blended NOI without inflating the lot-rent valuation. Recovery rates vary by state rules and lease terms.

Yes. An optional business-plan schedule models lots filled per year, lot-rent increases per year, mid-year timing for both, and an infill cost per lot ($5,000 by default). The lot-prep and infrastructure capital is added to the equity raised at closing, so returns reflect what the plan costs as well as what it earns. Fill rates in practice often run slower than plans assume.

Replacement reserves default to $150 per lot per year and can be edited. They sit below NOI, the way lenders treat them: cap rate is measured on NOI before reserves, while DSCR and debt yield use cash flow after reserves. Parks with private water or sewer systems often need more than the default.

Debt sizing (Solo and up) sizes the loan on net cash flow after reserves against Fannie Mae MHC, Freddie Mac MHC or custom terms, showing the maximum loan, which limit binds, DSCR, debt yield and an agency eligibility screen (for example, park-owned homes above 25% of homes). Pro and up adds a lender package PDF with coverage, debt yield, the operating statement and a rate and leverage sensitivity grid. Actual terms vary by lender and should be confirmed with them.

Multifamily underwriting software automates the analysis of apartment investment properties. It calculates key metrics like Cap Rate, NOI, DSCR, Cash-on-Cash returns, and IRR. UWmatic's AI-powered platform extracts data from offering memorandums and T-12 financial statements, then generates institutional-grade analysis with 10-year projections in minutes instead of weeks.

Our AI analyzes your multifamily deal in three ways: (1) Chat-to-Property lets you describe a deal in plain English and AI extracts all property details, (2) Document Parser automatically reads OMs and T-12s to extract financial data, (3) Deal Intelligence identifies red flags like expense anomalies, below-market rents, and risk factors. All analysis includes GSE financing rate estimates and eligibility screening.

Apartment syndication analysis evaluates multifamily deals for group investments where a General Partner (GP) raises capital from Limited Partners (LPs). UWmatic provides GP/LP waterfall modeling with preferred returns, promote structures, equity multiple calculations, and 10-year LP projections. This helps syndicators present professional investment packages to potential investors.

Our T-12 parser supports formats from all major property management systems — including Yardi, RealPage, AppFolio, Rent Manager, MRI Software, Buildium, and more — for both multifamily and mobile home park properties. Across tested templates, the parser achieves high accuracy for income and expense categorization. Every extraction includes a review step before finalizing, so you can verify line items and make adjustments before they flow into your underwriting model. We actively expand format support based on user uploads. If you encounter a format that doesn't parse cleanly, our team works to add support — usually within days.

We've tested our parser against T-12 formats from every major property management system, and it handles the vast majority of formats you'll encounter from brokers and operators. In the rare case your format doesn't parse perfectly, every upload includes a review step where you can adjust line items before they hit your model. We also actively add new format support — if you send us a format we haven't seen, we typically add support within a few days. You're never stuck.

UWmatic includes GSE financing data for Freddie Mac and Fannie Mae agency programs. You get 5/7/10-year fixed rate benchmarks, automatic eligibility screening based on DSCR and LTV requirements, and HUD income limits for LIHTC and affordable housing programs by MSA.

UWmatic supports three main property categories: (1) Multifamily (5+ units) - full underwriting with syndication analysis, GSE financing, and institutional-grade reporting, (2) Mobile Home Parks - P&L and lot roll parsing, lot rent analysis, separate valuation of lot income and park-owned homes, POH/TOH mix analysis, (3) Small Properties (1-4 units) - House Hack, BRRRR, Buy & Hold, and Fix & Flip strategy calculators.

UWmatic provides comprehensive financial analysis including: 10-year cash flow projections with customizable assumptions, scenario modeling (best/base/worst case), NOI and cap rate analysis, DSCR calculations, IRR and equity multiple projections, GP/LP waterfall structures, and REO distressed property underwriting. All powered by AI-driven document parsing.

Every new account gets 4 free deals with full AI underwriting — upload a T-12 or offering memo, describe a deal in chat, or type it in by hand. They never expire and no credit card is required. After that you keep underwriting at 2 deals a month, free forever — one of those two comes with full AI parsing and chat, the other is manual entry. Solo ($29/mo) raises that to 20 deals, Pro ($69/mo, 70 deals) adds the full syndication suite — GP/LP waterfall, IRR, and investor packets — and Team ($199/mo) gives acquisition teams a shared 200-deal pool across 3 seats. Unused deals roll over each month on paid plans, into a bank capped at 20 (Solo), 140 (Pro) or 200 (Team).

Yes, UWmatic generates investor-grade Excel spreadsheets with live formulas. Exports include 10-year cash flow projections, detailed P&L statements, scenario modeling worksheets, and sensitivity analysis. All formulas are editable so you can adjust assumptions and see results update automatically.

Unlike static spreadsheets, UWmatic uses AI to extract data automatically from documents, includes GSE financing rate estimates, pulls market data from federal sources, detects deal red flags, and generates professional reports. UWmatic turns broker documents into a first-pass analysis in about 3 minutes.