Separate value from price
Asking price, as-is signals, and after-repair value stay different numbers.
Underwrite the property before the offer leaves your desk.
Put after-repair value, repairs, financing, holding time, and exit costs on one screen, then keep that file when the property becomes a project.
What you get
A decision you can explain to a partner or a lender.
Price the work
Repairs start as a scope, not a single placeholder called rehab.
Include time
Interest, taxes, insurance, utilities, and delay sit in the model before you offer.
Know the ceiling
The maximum offer is the price that still leaves your target after the costs you entered.
How it works
From address to a walk-away price.
Name the exit
Resale, refinance, wholesale assignment, or a house hack. The exit chooses the value definition.
Support the value
Use closed sales that match the finished house. Read the after-repair value guide before you trust an average.
Scope the repairs
Room and system lines, then bids. A square-foot allowance is only a screen.
Add financing and hold
Points, interest, and monthly carrying cost change the offer even when ARV does not.
Write the walk-away
If the seller cannot reach it, stop. Save the file so the next address starts from the same checklist.
Common questions
What underwriting software should refuse to invent.
Is this an automated valuation model?
No. Research can draft a value from public evidence. You accept or edit it. Rehabfolio does not issue appraisals.
How is this different from the free calculators?
Calculators run one formula in the browser. The workspace stores the assumptions, comps, scope, and later the actual costs on the same property.
Does underwriting software replace a lender appraisal?
No. Lenders order their own appraisals under their own rules. Your internal ARV is a decision tool, not their value.
Can I underwrite a rental and a flip on the same address?
Yes. Compare resale profit with NOI, DSCR, and a refinance case before you pick the exit. The sell, rent, or refinance guide walks through that choice.
What does it cost to start?
The browser analyzer and calculators are free. A Free workspace includes 2 active projects and does not require a card. Solo is $69 per month, Team $179, Business $349.
Underwrite one address before you buy another login.
Free accounts include the core workspace and monthly AI research. No card required.
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