Real estate financial models
Underwrite real estate deals with more confidence.
A complete collection of editable Excel models for acquisitions, development, debt, refinancing, operations, exit analysis and GP/LP investor returns.
Built for the full real estate deal lifecycle
Choose the model closest to the property and decision in front of you, then adjust the assumptions around the actual deal.
Underwrite the purchase
Model in-place operations, forward assumptions, leverage, equity requirements and going-in returns.
Stabilize the asset
Test occupancy, rent growth, renovations, lease-up, operating expenses and capital improvements.
Structure debt and equity
Evaluate debt service, refinancing, preferred returns, IRR hurdles, promotes and investor splits.
Measure the outcome
Compare hold periods, exit values, sensitivity cases, cash distributions and investor-level returns.
This bundle is a strong fit if...
You regularly evaluate different property types or need several acquisition, development and waterfall structures.
An individual model may be enough if...
You have one narrowly defined property type and do not expect to use the broader collection.
Start with these flagship underwriting models
These models cover several of the most common and decision-intensive real estate situations in the collection.
Multi-Family Acquisitions
This template makes it easy to properly analyze multi-family real estate acquisition deals.
View model detailsStrip Mall Acquisition
Optimize strip mall acquisitions with this template. Analyze deals with up to 30 tenants, renovate, and exit. Includes waterfalls and leverage.
View model detailsSenior Living Acquisition Model
A deal underwriting spreadsheet for real estate and business combination acquisitions. Compatible with joint ventures.
View model detailsSingle Tenant Industrial
An underwriting template to analyze single tenant industrial real estate opportunities as an operator-only or joint venture group.
View model detailsHotel Analysis - Advanced
Analyze potential hotel deals, including new construction or acquisitions, with this Excel template. Includes joint venture logic and equity planning.
View model detailsGeneral Real Estate Model
A real estate deal analyzer template for acquisitions, construction, & underwriting. Features robust rent roll, value-add metrics, and JV capable.
View model detailsExplore everything included
Search 46 linked models or filter by underwriting, investor waterfalls and related real estate tools. Land Banking is also included in the bundle.
Showing 46 linked templates
Hotel Analysis - Advanced
Analyze potential hotel deals, including new construction or acquisitions, with this Excel template. Includes joint venture logic and equity planning.
Fix and Flip Scaling Model
An Excel template that helps with cash flow planning for fix and flip real estate activities. Model up to 10 years of deals, includes joint venture.
Multi-Family Acquisitions
This template makes it easy to properly analyze multi-family real estate acquisition deals.
Senior Living Acquisition Model
A deal underwriting spreadsheet for real estate and business combination acquisitions. Compatible with joint ventures.
Retail Building Construction
An Excel spreadsheet template that was made to help real estate professionals underwrite new construction retail buildings.
Lot Development Model
A financial planning template for purchasing and developing lots of land and selling them for a profit. Includes debt and joint venture waterfalls.
General Real Estate Model
A real estate deal analyzer template for acquisitions, construction, & underwriting. Features robust rent roll, value-add metrics, and JV capable.
Strip Mall Acquisition
Optimize strip mall acquisitions with this template. Analyze deals with up to 30 tenants, renovate, and exit. Includes waterfalls and leverage.
Single Tenant Industrial
An underwriting template to analyze single tenant industrial real estate opportunities as an operator-only or joint venture group.
Rental Property Scaling
Dive into strategic property investment with this comprehensive rental property acquisition spreadsheet. Tailored versions for individuals and funds.
See the model page for version details.
New Home Development
Dive deep into housing development financial analytics with this comprehensive template, ideal for build & sell developers.
See the model page for version details.
STR (Short-term Rentals)
Dive deep into short-term rental investments with this dynamic Excel financial model. Handle up to 20 property tranches over 15 years.
Assisted Living Facility
Excel tool for healthcare facility operators and investors, ideal for forecasting financials of assisted living, nursing homes, or hospitals.
Hotels
Underwriting template for hotel acquisition, combining hospitality & rental logic. Features include initial costs, room booking revenue, and more.
Mixed-Use
Master mixed-use property investment with this detailed real estate Excel model. Plan for up to 10 years, define 7 unique property 'uses', and more.
Mobile Home Park(s)
Dynamic financial model for analyzing 1-40 Mobile Home Park investments. Features debt, REFI options, cash flow waterfalls, JV structures, and more.
Multi-family
Real estate forecasting template with annual pro forma, IRR-based cash flow distribution, and refinance logic. Handles 4 properties, offers DCF & NPV.
IRR Sensitivity (Occupancy vs. Hold Period+)
Efficiently evaluate real estate risks with this IRR sensitivity analysis tool. Analyze impacts of key variables like vacancy & hold period.
Rental Property ROI Calculator
Easy-to-use Excel tool for calculating ROI on rental property investments. Features leveraged/unleveraged scenarios and more.
Unit-Based Acquisition Model
Real estate acquisition tool for analyzing units with dynamic inputs on rent, renovations, financing, & costs. For joint ventures or single operator.
Short-term Rental Arbitrage
AirBnB arbitrage financial planner for up to 100 properties over 10 years. Test lease rates, day rates, and more to understand feasibility.
Real Estate Flipping Calculator
Robust real estate analysis template for buying & renovating properties. Tailored for multi-family units.
Real Estate Development
Uniquely designed real estate financial model with monthly tabs for budgeted and actual values. Ideal for developers, it offers ROI and IRR results.
Self Storage
Analyze up to 6 self-storage investments over time. Includes GP and LP perspective with IRR hurdles. Each deal has its own configuration assumptions.
Joint Venture Real Estate Financial Model
Comprehensive Excel financial model for real estate JV deals. Adjust years, sale dates, financing. Compare investor/sponsor cash flows, IRR promotes.
Real Estate Brokerage
Comprehensive Excel model for real estate brokerages. Plan financial strategies with 10-year forecasts, financial statements, DCF analysis, and KPIs.
Property Management Business
Real estate meets SaaS in this property management financial planner. Understand pricing, scale, & costs.
Joint Venture Monthly Waterfall Models
Joint venture cash-flow waterfall templates with investor and sponsor IRR hurdles, adjustable distribution splits and return summaries. The purchase includes five template types, including monthly waterfalls, a sensitivity variant and a multifamily acquisition version with refinancing logic.
Zero Down Seller Financing Strategy
A real estate model to plan out purchasing multiple properties from a seller with seller financing. Includes REFI of any properties given.
IRR Pref. Waterfall
Master joint venture deals with this versatile model, offering insights into cash flow waterfalls with 3 IRR hurdles.
IRR Pref. Waterfall (2)
An IRR hurdle cash flow waterfall template that includes a GP catch-up provision. Aligns GP-LP interests, and illustrates cash distribution logic.
Preferred Equity
Explore complex funding structures with this preferred equity model, featuring optional common equity waterfall with IRR hurdles.
Preferred Return
Unravel joint venture cash flows with this template, simplifying investor and sponsor distributions based on preferred returns.
Preferred Return (2)
Joint venture spreadsheet for non-compounded preferred return hurdles. Ideal for GP/LP deals based on simple interest rate tiers.
Office-as-a-Service
Build a full financial forecast for a coworking pod network. This template models CAPEX, subscription pricing, and cash flow to evaluate scenarios.
Event Venue Business
This Excel spreadsheet framework is built to help startup venues plan out initial costs, event economics, and perform cash flow planning.
Warehouse Fulfillment Operator
Ten-year financial model for a 3PL warehouse operator leasing its space. Choose pallet-based or occupied-volume forecasting, then model storage and fulfillment revenue, seasonal activity, direct labor and materials, capital spending, debt, monthly and annual financial statements, DCF and IRR.
Sale-leaseback Analysis
A complete template that makes it easy for one to understand the varying NPVs when deciding on sale-leaseback scenarios. Includes multiple views.
Data Center
An Excel spreadsheet built to perform financial feasibility analysis for data centers.
Cost Segregation Study
Explore the financial advantages of a cost segregation study with this detailed CSS template. Strategically accelerate your property's depreciation.
Cost Basis Calculator
A real estate spreadsheet tool that makes it easier to record / calculate the adjusted cost basis of a property.
Depreciation Recapture Analysis
Navigate the complexities of depreciation recapture with this comprehensive calculator. Unravel the nuances of taxable income from asset sales.
Tenant and Lease Management
Unlock efficient tenant management with this Excel-based template, designed for producing monthly reports of units and tenants.
Rent vs Buy
Solve the age-old debate of owning vs. renting a home through a comprehensive financial model. Analyze costs, returns, and cash flow differences.
Real Estate Checklist
Comprehensive real estate checklist template for buyers, sellers & agents. Easily editable, printable & organized for smooth transactions.
Seller Financing
Advanced Excel financial model for understanding seller financing economics. Perfect for analyzing both initial investment and financing outcomes.
No exact match found
Try a broader property type or financial term.
See acquisition analysis in practice
A $2.95 million business-and-real-estate deal
See how purchase price, property ownership, rent alternatives, debt service, operating improvements and buyer returns affected the analysis of a laundromat acquisition.
Frequently asked questions
The practical details about choosing, downloading and using the bundle.
Can I buy individual models instead?
Yes. Most linked templates can be purchased individually from their model pages. Land Banking is currently available only inside the bundle.
Are the spreadsheets fully editable?
Yes. The formulas and tabs are visible and editable, allowing you to change assumptions, study the logic and adapt the framework.
How is the bundle delivered?
The files are immediately downloadable after purchase. You will also receive an email with a download link, which is useful when purchasing on a mobile device.
Are future models included?
Yes. Purchasing the bundle includes access to future real estate templates added to this collection, along with updates to its existing templates.
Does every model use the same structure?
No. Each model is designed around the operating and financial drivers of its property type or analytical purpose. Features vary by model.
What if I need analysis for a live acquisition?
A template gives you the framework. If you want an independent review of an actual deal, see the SmartHelping acquisition deal-analysis service.
One-time purchase
Get the complete Real Estate Model Bundle.
Download 46 linked models plus Land Banking, with access to future additions and updates within the bundle.
