neev takes the raw T-12 and rent roll, structures the data, checks it, and gives you the foundation underwriting needed to make a fast investment decision — for multifamily and student housing, with every number traceable back to the document it came from.
| Account | T-12 | T-9 | T-6 | T-3 | As-Is | Pro Forma |
|---|---|---|---|---|---|---|
| Gross Potential Rent | 3,150,000 | 3,178,199 | 3,208,566 | 3,239,736 | 3,150,000 | 3,150,000 |
| Adjusted GPR | 3,114,300 | 3,146,333 | 3,180,804 | 3,215,511 | 3,114,300 | 3,328,068 |
| Effective Gross Income | 3,052,752 | 3,098,155 | 3,135,143 | 3,184,489 | 3,083,689 | 3,375,108 |
| Operating Expenses | 1,476,600 | 1,490,793 | 1,512,566 | 1,526,728 | 1,508,986 | 1,469,853 |
| Net Operating Income | 1,576,152 | 1,607,362 | 1,622,577 | 1,657,761 | 1,514,702 | 1,845,255 |
Worked example — Northgate Crossing, 200 units, San Antonio TX. Illustrative deal, real model output.
A raw T-12 and a raw rent roll go in. Clean, structured analytics and a complete underwriting model come out — nothing retyped, nothing lost.
You send the documents. neev does the rest — rent roll analytics, expense comps by MSA, a self-reconciling model — and shows its work at every step.
Each line from the operating statement is matched to the right account and kept with its original code. Anything neev is unsure about is flagged rather than guessed. Disagree with a call? Change it — the original line stays on screen either way.
The income neev calculates must match the income printed on the source statement. If the two disagree, the deal doesn't move forward until you say so.
Rent growth, expense growth, your renovation plan and the loan — all on one schedule, from the day you buy to the day you sell.
Pay more. Borrow more. Sell into a softer market. Every combination is a complete re-run of the model, not an estimate between two corners.
Five steps. You stay in control of every one of them.
The T-12 and the rent roll, in whatever form the broker sent them — Excel, CSV or PDF.
neev files every line. You fix anything it got wrong, and it remembers.
The income has to match the source statement before the deal goes any further.
Where the property is today, and where you think you can take it. Past, present and pro forma — all aligned for your review.
The full underwriting, the price to offer, and the whole thing as an Excel file.
And the number you actually offer: neev values the property on the income you expect it to produce, then works backwards — taking out what the renovation costs — to land on what you should actually pay for it today.
Pay a little more. Borrow a little more. Sell into a softer market. Every square below is the whole model run again from scratch — the full spectrum of deal outcomes, so you can negotiate better.
Price you pay, down the side · how much you borrow, across the top.
Nothing is estimated quietly in the background. Every figure on the screen points back to a line on the source document.
Click any figure and you get the original line, the code it was filed under, and the twelve monthly amounts behind it.
Lines you take out stay on screen, greyed out and labelled. Anyone reviewing the deal can see what you removed and why.
Open the deal today or in six months and the numbers are identical. Nothing drifts, nothing is cached, nothing quietly recalculates.
Nothing is trapped in the app. Everything leaves as a normal Excel file — live formulas, opens anywhere, no add-ins.
The whole thing, live: the operating statement, your assumptions, the fifteen-year projection, the loan schedule and both sensitivity tables.
Every line filed, with your corrections and exclusions already applied.
Every unit, plus the summary: occupancy, rent against market, and when the leases roll.
The source files exactly as they arrived, kept beside the deal.
| Account | As-Is | Pro Forma |
|---|---|---|
| Gross Potential Rent | 3,150,000 | 3,150,000 |
| Effective Gross Income | 3,083,689 | 3,375,108 |
| Operating Expenses | 1,508,986 | 1,469,853 |
| Net Operating Income | 1,514,702 | 1,845,255 |
Live formulas · no external links · no macros
Send us a deal you have already underwritten by hand. We will run it through neev and show you exactly where the two of you disagree.
nitin@lever-8.com