Multifamily Investment Memo

Render one per deal from your underwriting model's output, with key returns, a cash flow projection for any hold period and IRR and DSCR sensitivity grids.

PDF, A4, from 1 credit

Output

Multifamily Investment Memo, rendered by oJo with its first sample

Variables

  • assumptions.expenseGrowthnumber
    0.03
  • assumptions.rentGrowthnumber
    0.03
  • assumptions.vacancynumber
    0.05
  • capital.equitynumber
    1951500
  • capital.sources[].amountnumber
    3217500
  • capital.sources[].labeltext
    Senior loan (65% LTV)
  • capital.totalSourcesnumber
    5169000
  • capital.totalUsesnumber
    5169000
  • capital.uses[].amountnumber
    4950000
  • capital.uses[].labeltext
    Purchase price
  • cashFlowstext
    [{"year":1,"grossPotentialRent":496800,"otherIncome":28800,"vacancy":24840,"effectiveGrossIncome":500760,"operatingExpenses":190846,"noi":309914,"debtService":237728,"cashFlow":72186,"cashOnCash":0.037,"dscr":1.3},{"year":2,"grossPotentialRent":511704,"otherIncome":29664,"vacancy":25585,"effectiveGrossIncome":515783,"operatingExpenses":196571,"noi":319212,"debtService":237728,"cashFlow":81483,"cashOnCash":0.0418,"dscr":1.34},{"year":3,"grossPotentialRent":527055,"otherIncome":30554,"vacancy":26353,"effectiveGrossIncome":531256,"operatingExpenses":202468,"noi":328788,"debtService":237728,"cashFlow":91060,"cashOnCash":0.0467,"dscr":1.38},{"year":4,"grossPotentialRent":542867,"otherIncome":31471,"vacancy":27143,"effectiveGrossIncome":547194,"operatingExpenses":208542,"noi":338652,"debtService":237728,"cashFlow":100923,"cashOnCash":0.0517,"dscr":1.42},{"year":5,"grossPotentialRent":559153,"otherIncome":32415,"vacancy":27958,"effectiveGrossIncome":563610,"operatingExpenses":214798,"noi":348811,"debtService":237728,"cashFlow":111083,"cashOnCash":0.0569,"dscr":1.47},{"year":6,"grossPotentialRent":575927,"otherIncome":33387,"vacancy":28796,"effectiveGrossIncome":580518,"operatingExpenses":221242,"noi":359276,"debtService":237728,"cashFlow":121547,"cashOnCash":0.0623,"dscr":1.51},{"year":7,"grossPotentialRent":593205,"otherIncome":34389,"vacancy":29660,"effectiveGrossIncome":597934,"operatingExpenses":227880,"noi":370054,"debtService":237728,"cashFlow":132326,"cashOnCash":0.0678,"dscr":1.56},{"year":8,"grossPotentialRent":611001,"otherIncome":35420,"vacancy":30550,"effectiveGrossIncome":615872,"operatingExpenses":234716,"noi":381156,"debtService":237728,"cashFlow":143427,"cashOnCash":0.0735,"dscr":1.6},{"year":9,"grossPotentialRent":629331,"otherIncome":36483,"vacancy":31467,"effectiveGrossIncome":634348,"operatingExpenses":241757,"noi":392590,"debtService":237728,"cashFlow":154862,"cashOnCash":0.0794,"dscr":1.65},{"year":10,"grossPotentialRent":648211,"otherIncome":37577,"vacancy":32411,"effectiveGrossIncome":653378,"operatingExpenses":249010,"noi":404368,"debtService":237728,"cashFlow":166640,"cashOnCash":0.0854,"dscr":1.7}]
  • cashFlows[].cashFlownumber
    72186
  • cashFlows[].cashOnCashnumber
    0.037
  • cashFlows[].debtServicenumber
    237728
  • cashFlows[].dscrnumber
    1.3
  • cashFlows[].effectiveGrossIncomenumber
    500760
  • cashFlows[].grossPotentialRentnumber
    496800
  • cashFlows[].noinumber
    309914
  • cashFlows[].operatingExpensesnumber
    190846
  • cashFlows[].otherIncomenumber
    28800
  • cashFlows[].vacancynumber
    24840
  • cashFlows[].yearnumber
    1
  • currencytext
    USD
  • disclaimertext
    This report is prepared from information supplied by the seller and third parties and has not been independently verified. Projections are estimates based on stated assumptions, not guarantees of future performance. All names, addresses and figures in this sample are fictional.
  • exit.capRatenumber
    0.065
  • exit.loanPayoffnumber
    2710348
  • exit.netProceedsnumber
    3537137
  • exit.salePricenumber
    6407678
  • exit.sellingCostRatenumber
    0.025
  • exit.sellingCostsnumber
    160192
  • exit.yearnumber
    10
  • facts[].labeltext
    Asset type
  • facts[].valuetext
    Garden-style multifamily, 3 storeys
  • firm.logoUrltext
    data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width=%2224%22 height=%2224%22 viewBox=%220 0 24 24%22%3E%3Crect width=%2224%22 height=%2224%22 rx=%225%22 fill=%22%2315212b%22/%3E%3Cpath d=%22M6 17V9.5L12 6l6 3.5V17h-3.6v-4.4H9.6V17Z%22 fill=%22%23fff%22/%3E%3Crect x=%2210.6%22 y=%2213.8%22 width=%222.8%22 height=%223.2%22 fill=%22%23a9824a%22/%3E%3C/svg%3E
  • firm.nametext
    Halberd Property Analytics
  • highlights[].texttext
    In-place rents sit 9% under renovated comparables within half a mile; 16 units are unrenovated.
  • highlights[].titletext
    Below-market rents.
  • loan.amortizationYearsnumber
    30
  • loan.annualDebtServicenumber
    237728
  • loan.balanceAtExitnumber
    2710348
  • loan.dscrCovenantnumber
    1.25
  • loan.ltvnumber
    0.65
  • loan.ratenumber
    0.0625
  • loan.rateTypetext
    fixed
  • loan.termYearsnumber
    10
  • metrics.capRatenumber
    0.0626
  • metrics.cashOnCashnumber
    0.037
  • metrics.dscrnumber
    1.3
  • metrics.equityMultiplenumber
    2.41
  • metrics.irrnumber
    0.1055
  • metrics.occupancynumber
    0.958
  • proForma.effectiveGrossIncome.annualnumber
    500760
  • proForma.effectiveGrossIncome.perUnitnumber
    20865
  • proForma.expenseRationumber
    0.381
  • proForma.expenses[].annualnumber
    54000
  • proForma.expenses[].labeltext
    Property taxes
  • proForma.expenses[].perUnitnumber
    2250
  • proForma.income[].annualnumber
    496800
  • proForma.income[].labeltext
    Gross potential rent
  • proForma.income[].perUnitnumber
    20700
  • proForma.noi.annualnumber
    309914
  • proForma.noi.perUnitnumber
    12913
  • proForma.notetext
    Taxes reflect reassessment at the purchase price.
  • proForma.totalExpenses.annualnumber
    190846
  • proForma.totalExpenses.perUnitnumber
    7952
  • property.addresstext
    1418 Larkspur Avenue, Denver, CO 80206
  • property.nametext
    The Calloway
  • property.photo.alttext
    Exterior of a mid-rise apartment building with balconies
  • property.photo.credittext
    Photo: Unsplash
  • property.photo.urltext
    https://images.unsplash.com/photo-1460317442991-0ec209397118?w=1600&q=80
  • property.pricePerSqFtnumber
    229
  • property.pricePerUnitnumber
    206250
  • property.purchasePricenumber
    4950000
  • property.taglinetext
    Multifamily · Value-add · Built 1987, renovated 2019
  • property.unitsnumber
    24
  • property.unitsLeasednumber
    23
  • report.datetext
    2026-10-06
  • report.dealTypetext
    Acquisition opportunity
  • report.numbertext
    HPA-26-1173
  • report.preparedFortext
    Larkspur Capital Partners
  • report.titletext
    Investment Property Report
  • risks[].leveltext
    medium
  • risks[].texttext
    Every 25 bps of exit cap expansion costs about 0.6 points of IRR. At a 7.00% exit the hold still returns 9.4%.
  • risks[].titletext
    Refinance and exit pricing
  • sensitivity.dscr.interestRatestext
    [0.055,0.06,0.0625,0.065,0.07]
  • sensitivity.dscr.ltvs[]number
    0.55
  • sensitivity.dscr.valuestext
    [[1.67,1.53,1.41,1.31,1.23],[1.58,1.45,1.34,1.24,1.16],[1.54,1.41,1.3,1.21,1.13],[1.5,1.38,1.27,1.18,1.1],[1.43,1.31,1.21,1.12,1.05]]
  • sensitivity.dscr.values[][]text
  • sensitivity.irr.exitCapRates[]number
    0.0575
  • sensitivity.irr.rentGrowthtext
    [0.02,0.025,0.03,0.035,0.04]
  • sensitivity.irr.valuestext
    [[0.0928,0.0858,0.079,0.0723,0.0657,0.0592],[0.109,0.1023,0.0959,0.0896,0.0834,0.0774],[0.124,0.1176,0.1115,0.1055,0.0997,0.094],[0.138,0.1319,0.126,0.1203,0.1148,0.1094],[0.1513,0.1454,0.1397,0.1342,0.1289,0.1237]]
  • sensitivity.irr.values[][]text

Send any of these in modify. Anything you leave out prints the sample value, and the response lists it in warnings.

Render it

Save the template to your account first. Saving gives you its ID.

curl --request POST \
  --url https://api.ojo.so/v1/pdf/template \
  --header 'Authorization: Bearer <your API key>' \
  --header 'Content-Type: application/json' \
  --data '{
  "templateId": "<YOUR_TEMPLATE_ID>",
  "modify": {
    "currency": "USD",
    "firm": {
      "name": "Halberd Property Analytics"
    },
    "report": {
      "title": "Investment Property Report",
      "number": "HPA-26-1173"
    }
  }
}'

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Multifamily Investment Memo - oJo