Essential due-diligence doc for 2+ unit deals. Compare rent roll to bank deposits during DD to catch inflated numbers.
Underwriting
Rent Roll
A snapshot of every unit's current tenant, lease dates, rent, deposits, and status.
More in Underwriting
- Credit Score (FICO)— A 300–850 score used to price consumer and investor loans; investor programs typically wan…
- Tri-Merge Credit Report— A single report combining Equifax, Experian, and TransUnion — the lender uses the middle s…
- Reserves— Liquid post-close funds a lender requires you to keep in the bank, measured in months of P…
- PITI— Principal + Interest + property Taxes + Insurance — the four components of a full monthly …
- Gross Rent— Total rental income before any expenses or vacancy adjustments.
- Market Rent— The rent a property would command if leased today, established by an appraiser using recen…