Multifamily Underwriting Course
This course equips you with essential skills to master multifamily underwriting. You will learn to analyse rents and expenses, calculate key metrics like DSCR, cash-on-cash, and equity multiples. Build robust pro formas, conduct stress tests on deals, and leverage market data to deliver clear investment recommendations such as buy, renegotiate, or pass.

flexible workload of 4 to 360h
valid certificate in your country
What will I learn?
Gain a practical framework to underwrite multifamily deals confidently. Master creating pro formas, analysing revenue, expenses, and CapEx. Structure debt assumptions realistically and compute DSCR, cash-on-cash returns, and equity multiples. Explore secondary markets, build sensitivity scenarios, evaluate risks, and formulate strong investment recommendations.
Elevify advantages
Develop skills
- Master building and auditing multifamily pro formas with speed and precision.
- Conduct thorough market rent analysis using Class B/C comps for solid assumptions.
- Model debt metrics like DSCR, cash-on-cash returns, and equity multiples accurately.
- Underwrite expenses and CapEx effectively to reduce risks in value-add properties.
- Perform sensitivity analysis and make confident buy, renegotiate, or pass decisions.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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