Verdict: PASS
Reserves Below Lender Minimum — Liquid reserves $0 against a $15,276 lender minimum — short by $15,276 (0% of requirement).
Estimates are fine for screening. The page never treats an estimate as a lender approval: state, insurance, and post-close reserves still need review.
The engine prices this rate off the FICO and LTV grid. It is an output, not an input — an editable rate field here would have changed nothing on screen.
Manual review required — incomplete state, prepayment-penalty, insurance, or reserve evidence means this is not an approval recommendation.
PASSRead this before the IRR: you are buying at a 4.88% entry cap and the schedule sells at a 5.63% exit cap — a 0.75% spread against you. That spread, not the rent, is usually what decides the return grade. Change the exit cap on the left to see the verdict move.
Preliminary estimate — not a commitment to lend. Submit a scenario review for exact underwriting.
State and prepayment-penalty rules are calculated from the existing governed matrix. Insurance and reserves are reported inputs that must be confirmed in the actual lender file.
These are the exact gates the verdict evaluated, in the order it evaluated them — not a second scoring system. The first FAIL is the binding constraint quoted above. 3 of 7 cleared.
0.2% P(DSCR < 1.00) against a 15% blocker threshold, and a 5th-percentile DSCR of 1.09× against a 0.80 floor. Either breach registers as a hard blocker in the first gate above. 50,000 simulated paths, seed 42, which puts one standard error on that probability at ±0.020 percentage points — a seeded model of this scenario, not a forecast, not a lender's assessment.
Track 1 DSCR 1.178 against a lender floor of 0.75, but Track 2 DSCR 0.848 is below 1.0 — a bleed of $386/mo. No acknowledgment is on file. PROCEED requires an explicit acknowledgment whose appreciation or after-tax thesis, stated in $/mo, at least covers the bleed.
BLOCKER = the deal cannot proceed as structured. WARNING = disclose and address. ACKNOWLEDGMENT = the investor must sign off in writing.
UNSPECIFIED is not a recognized jurisdiction in the PPP rules matrix. Verify the state before quoting a prepayment-penalty structure.
Action: Select a recognized property state and confirm vesting, loan amount, unit count, and product type before relying on prepayment economics.
No two-letter property state is selected, so state-specific tax, market-overlay, and PPP assumptions cannot be reviewed.
Action: Select the property state before relying on the modeled verdict.
The annual insurance input is an estimate until a bindable quote or binder is confirmed.
Action: Obtain and review a current bindable insurance quote before relying on the modeled verdict.
Reserve assets are not documented as eligible and retained after closing. Self-reported balances are not lender verification.
Action: Have a human reviewer confirm current asset statements, eligibility, and post-close availability.
Appraisal break point 15.10% > 4.83% threshold.
Action: Renegotiate price or increase down payment to cover appraisal gap.
Liquid reserves $0 against a $15,276 lender minimum — short by $15,276 (0% of requirement).
Action: Document additional liquid reserves, reduce the loan amount, or pass. Reserves are a closing condition, not a preference.
No confidence score exists for the best-fit lender, so the <60 threshold cannot be applied. Absence of a score is not a passing score.
Action: Verify the lender terms directly against a dated rate sheet before proceeding.
Track 2 DSCR 0.848 < 1.0 — deal qualifies but loses money monthly. Monthly bleed is $386/mo. No acknowledgment is on file.
Action: Record an explicit acknowledgment with an appreciation or after-tax thesis stated in $/mo that at least covers the bleed. Without one this deal cannot PROCEED.
Every program is evaluated and shown, eligible or not. An empty or all-ineligible list is a PASS — "no lender was checked" is never read as "a lender said yes".
Credit memo (draft) — PASS
Generated modeling, not an underwriting decision.
This restates the verdict, schedule and program evaluation already on this page in investment-committee format. No lender, credit officer or investment committee has seen it. Nothing on it is an approval, a rate quote, a commitment to lend, or a legal or tax conclusion. Anything this page could not establish reads "not established" — it is never filled in with a plausible number.
Reserves Below Lender Minimum — Liquid reserves $0 against a $15,276 lender minimum — short by $15,276 (0% of requirement).
Flips the verdict: Verdict is already PASS; no rate move degrades it further (deal-break rate 8.35%).
This screen models the annual property tax you entered. The reassessment figure is state law applied to your purchase price — reported here, not underwritten into the DSCR above. The IRR percentile band is not established: this page simulates the DSCR tail, not a distribution of returns.
P(DSCR<1.00) 0.2% and a 5th-percentile DSCR of 1.09×, from 50,000 seeded paths (seed 42). Modeled, not observed.
Prepayment: UNKNOWN — UNSPECIFIED is not a recognized jurisdiction in the PPP rules matrix. Verify the state before quoting a prepayment-penalty structure.
Property: Address not provided (LLC). Qualification: Track 1 DSCR 1.178 vs lender floor 0.75 — cushion 0.428. Return: After-tax IRR -10.8% (Grade F), equity multiple 0.61x. Risk: Binding risk = Reserves Below Lender Minimum — Liquid reserves $0 against a $15,276 lender minimum — short by $15,276 (0% of requirement).. P(DSCR<1.00) = 0.2%. Structural condition that flips verdict: Verdict is already PASS; no rate move degrades it further (deal-break rate 8.35%)..
· Hold period 5 yr, exit modeled at a 5.63% cap rate — both entered on this page.
· Note rate 6.250% solved from the FICO and LTV pricing grid. An engine output, not a lender quote.
· Program eligibility read from the Jun 24, 2026 matrix, which carries no pricing.
· Rent growth 2%/yr, vacancy 8%, management 8%, maintenance 5%, capex reserve 5% — model defaults with no dated source.
· Selling costs 6% of sale price. Ordinary tax 32%, state tax 5%, land allocation 20%.
· The DSCR above uses the annual property tax entered on this page. A post-sale reassessment is reported but not underwritten into it.
UNVALIDATED DECISION-SUPPORT MODEL. This output is an educational scenario based on user-entered assumptions and internally configured weights that are not empirically calibrated. It is not a loan commitment, credit decision, appraisal, rate quote, provider match, legal or tax conclusion, investment recommendation, or prediction. Rates, provider guidelines, jurisdiction rules, insurance, taxes, and transaction facts can change and require current primary sources plus review by the responsible licensed or qualified professional. Do not rely on this output for a financing, legal, tax, or investment decision.
Source and review date for every dated dataset this verdict reads. Reviewed as of August 2026.
6 of the registry's datasets are past their refresh cadence today. Verify against current sources before relying on this verdict.
The cash-flow schedule needs these to run, and no sourced value for them exists in this repository. They are model defaults, not researched figures — read every return above with that in mind.
Property taxes, insurance, hold period and exit cap rate are NOT on this list — they are the figures you entered on the left.
· Verdict is already PASS; no rate move degrades it further (deal-break rate 8.35%).
· Verdict is already PASS; no Track 1 DSCR move degrades it further (lender floor 0.75).
How PROCEED is decided: all six gates above must clear — no hard blockers, at least one eligible program, Track 1 DSCR at least 0.05 above the program floor, Track 2 at or above 1.00 (or an acknowledged $/mo thesis that covers the bleed), a return grade of B or better on the after-tax IRR, and at least 50 basis points of rate headroom. Any missing input is treated as a failure, never as a pass. Unvalidated decision-support model. Preliminary estimate — not a commitment to lend, a rate quote, or a credit decision. Final terms subject to full underwriting.