Real estate education built around deals
Learn real estate investing.Work through real deals.
PropertyU teaches you how real estate investing works, then lets you practice underwriting, analyze properties, and build investor judgment before risking real capital.
Free to start · Built for practical learning
See PropertyU in action
Learn the concept. Apply it to a deal. Make the call.
PropertyU connects short lessons with practical deal analysis so you understand not only the formula, but how investors actually use it.
Learn
Understand NOI
Learn what net operating income means and why investors use it.
5 min lesson
Apply
Use it on a property
Apply the same calculation to a clean fictional deal summary.
Maple Street Duplex
Analyze
Make the investment call
The property produces a 7.87% cap rate, but expenses appear unusually low. What should you do?
Why?
Strong headline returns do not matter if the assumptions are unreliable.
What you'll learn
Build the skills to actually understand a real estate deal.
Go from learning the fundamentals to understanding the numbers, testing assumptions, and forming your own investment judgment.
Understand the income
- Rent rolls
- Vacancy
- Other income
- Effective gross income
Analyze operations
- Operating expenses
- NOI
- Cap rates
- Expense assumptions
Understand financing
- Loan structure
- LTV
- Debt service
- DSCR
Measure returns
- Cash flow
- Cash-on-cash
- Equity multiple
- IRR
Value the deal
- Property value
- Exit assumptions
- Cap-rate relationships
- Sale proceeds
Think like an investor
- Verify assumptions
- Test downside cases
- Compare opportunities
- Buy / Investigate / Pass
Featured practice deals
Read the numbers. Find the story behind the deal.
Explore fictional properties designed to teach a specific underwriting decision.
Practice deal
Sunset Street Duplex
Madison, WI
Duplex · 2 units · Beginner
- Purchase price
- $310,000
- Monthly rent
- $2,800
- Cap rate
- 6.76%
- Cash flow
- $410 / mo
Analyze deal
Practice deal
Maple Court Fourplex
Denver, CO
Fourplex · 4 units · Intermediate
- Purchase price
- $420,000
- Monthly rent
- $4,600
- Cap rate
- 7.14%
- Cash flow
- $403 / mo
Analyze deal
Practice deal
Harborview Apartments
Tampa, FL
Multifamily · 12 units · Advanced
- Purchase price
- $2,000,000
- Monthly rent
- $19,500
- Cap rate
- 6.49%
- Cash flow
- $4,005 / mo
Analyze deal
Practice deal
Riverside Triplex
Austin, TX
Triplex · 3 units · Intermediate
- Purchase price
- $525,000
- Monthly rent
- $5,250
- Cap rate
- 6.86%
- Cash flow
- $678 / mo
Analyze deal
Fictional educational examples. Figures are illustrative, not investment recommendations.
Start with the fundamentals
Learn the numbers before you risk the capital.
Build the knowledge, practice the process, and learn to analyze a deal with confidence.
Educational tools and estimates only. PropertyU is not an investment adviser, lender, broker, attorney, accountant, or appraiser.