Multifamily Underwriterby Yield the North
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🇨🇦Built for Canadian multifamily investors

Professional underwriting for your next apartment deal.

Enter your deal details, pay $49 CAD, and receive a full underwriting report — NOI, CMHC financing, IRR, sensitivity analysis, and a deal verdict — by email in under 60 seconds.

Underwrite a Deal$49 CAD · one-time
No account requiredPDF + web reportAll Canadian provincesResults in seconds

Sample Report

12-Unit Apartment · Toronto, ON

$2,800,000
Gross Potential Income$216,000 / yr
Effective Gross Income$207,360 / yr
Net Operating Income$127,400 / yr
Purchase Cap Rate4.6%
CMHC Loan (MLI Select)$1,842,000
Annual Debt Service$94,800 / yr
Cash-on-Cash Return6.8%
5-Year IRR22.4%

CONDITIONAL BUY

Strong NOI with below-market rents. Turnover strategy over 24 months could push IRR above 28%. Consider VTB at 3% for 2 years to improve initial cash-on-cash.

Illustrative example · Your report is generated from your actual inputs

60

Canadian cities with market data

12

report sections per analysis

$49

CAD, flat fee, no subscription

< 60s

from payment to report in inbox

How it works

From deal details to report in three steps.

No account. No waiting. No spreadsheet.

01

Enter your deal

Property address, unit mix, in-place rents, operating expenses, and purchase price. Takes about 5 minutes.

02

Pay $49 CAD

Secure checkout via Stripe. No account required — just your email to receive the report.

03

Get your report

PDF delivered to your inbox within seconds. Plus an interactive web report you can revisit any time.

The report

Everything a lender, partner, or broker would want to see.

Eight sections. One PDF. The same analysis an institutional underwriter would run.

Full Operating Statement

GPI → vacancy → EGI → itemized expenses → NOI. Industry-standard defaults pre-filled, fully customizable.

CMHC MLI Select Financing

LTV-based and DSCR-based loan sizing, insurance premium breakdown with amortization surcharges and MLI Select discount.

Conventional Bank Financing

Side-by-side comparison with standard bank terms (75% LTV, 1.20× DSCR minimum) so you can choose the right structure.

5-Year IRR & Returns

Cash-on-cash, IRR, equity multiple, year-by-year cash flow, and exit analysis at your underwritten cap rate.

Value-Add Scenario

Model reno cost, rent bump per unit, and turnover timeline. Calculates stabilized NOI and return on renovation capital.

Sensitivity Analysis

Cap rate and interest rate sensitivity matrices. See how your returns shift across a range of exit and financing assumptions.

Local Market Context

CMHC median rents and vacancy rates for your city. Rentals.ca asking rents for 60 Canadian markets — so you know where rents stand.

Deal Narrative

STRONG BUY to PASS verdict with a written analysis: strengths, risks, and specific tactics to make the deal work (VTB, turnover strategy, CMHC vs conventional recommendation).

Methodology

Built by someone who actually underwrites Canadian multifamily.

This isn't a generic real estate calculator. It's the same underwriting framework used by actual asset managers in the Ontario multi-family space — the people running eight-figure portfolios who need to know exactly what a deal looks like before they pick up the phone.

The CMHC calculations in particular are notoriously tricky: semi-annual compounding converted to monthly, LTV vs DSCR constraints applied simultaneously, insurance premiums added back to the loan balance. We get them right.

CMHC MLI Select modeled the way a mortgage broker actually runs it — LTV and DSCR constraints applied simultaneously, insurance premium added to the loan balance, not ignored

Financing outputs show both what you can borrow and why: whether the loan is LTV-constrained or DSCR-constrained makes a material difference to your equity cheque and your options

Two rent benchmarks shown for every market — in-place rents and current asking rents — so you can see where your deal sits relative to both existing tenants and the open market

Value-add analysis built around realistic turnover assumptions, not a lump-sum renovation budget that ignores vacancy and sequencing

The deal verdict isn't a black box — it tells you what to actually do: whether to push for a VTB, which financing structure to use, and what your rent increase timeline looks like

Share it with your team

The PDF is print-ready and formatted to hand to your mortgage broker, equity partner, or lender — not a screenshot of a spreadsheet.

Pricing

Simple and transparent.

One report. One price. No surprises.

$49CAD

Per report · One-time · No subscription

Full PDF report emailed to you instantly
Interactive web report — revisit any time
CMHC MLI Select + conventional financing comparison
Operating statement, IRR, sensitivity analysis
Value-add scenario modeling
Local market data for 60 Canadian cities
Deal verdict with written narrative
All Canadian provinces supported
Start Your Analysis

Secure checkout via Stripe · No account required

Stop underwriting on the back of a napkin.

Get the same analysis a mortgage broker or institutional fund manager would run — in the time it takes to make a coffee.

Underwrite a Deal — $49 CAD

All Canadian provinces · CMHC market data included · PDF + web report