Deal Library

Fictional Deal Library

Practice analyzing realistic rental-property examples. Every property and address in this library is fictional and provided only for education.

Fictional educational example

Philadelphia Duplex — Stable but Modest Returns

123 Maple Street, Philadelphia, PA — Fictional

Duplex · 2 units

Purchase price: $400,000
Monthly rent: $4,000
Total cash required: $99,350
Monthly cash flow: $387.37
Annual NOI: $30,196
Cap rate: 7.55%
Cash-on-cash: 4.68%
DSCR: 1.18

Stable cash flow

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Fictional educational example

Tuscaloosa Student Rental — High Occupancy Risk

800 Crimson Avenue, Tuscaloosa, AL — Fictional

Single-family student rental · 1 unit

Purchase price: $350,000
Monthly rent: $3,200
Total cash required: $101,000
Monthly cash flow: -$244.05
Annual NOI: $18,560
Cap rate: 5.30%
Cash-on-cash: -2.90%
DSCR: 0.86

Negative cash flow

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Fictional educational example

Charlotte Triplex — Renovation-Heavy Value Add

4500 Queen City Road, Charlotte, NC — Fictional

Triplex · 3 units

Purchase price: $525,000
Monthly rent: $5,100
Total cash required: $162,000
Monthly cash flow: $301.40
Annual NOI: $37,148
Cap rate: 7.08%
Cash-on-cash: 2.23%
DSCR: 1.11

Renovation deal

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Fictional educational example

Sunset Street Duplex

1420 Sunset Street, Madison, WI — Fictional

Duplex · 2 units

Beginner

Primary skill: Rent, expenses and NOI

Purchase price: $310,000
Monthly rent: $2,800
Total cash required: $104,000
Monthly cash flow: $409.89
Annual NOI: $20,952
Cap rate: 6.76%
Cash-on-cash: 4.73%
DSCR: 1.31

Rent to NOI to cash flow

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Fictional educational example

Maple Court Fourplex

2210 Maple Court, Denver, CO — Fictional

Fourplex · 4 units

Intermediate

Primary skill: Income & NOI

Purchase price: $420,000
Monthly rent: $4,600
Total cash required: $120,000
Monthly cash flow: $402.63
Annual NOI: $29,980
Cap rate: 7.14%
Cash-on-cash: 4.03%
DSCR: 1.19

Income & NOI

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Fictional educational example

Harborview Apartments

900 Harborview Drive, Tampa, FL — Fictional

Multifamily · 12 units

Advanced

Primary skill: Multifamily underwriting & DSCR

Purchase price: $2,000,000
Monthly rent: $19,500
Total cash required: $870,000
Monthly cash flow: $4,004.53
Annual NOI: $129,816
Cap rate: 6.49%
Cash-on-cash: 5.52%
DSCR: 1.59

Multifamily underwriting

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Fictional educational example

Riverside Triplex

615 Riverside Lane, Austin, TX — Fictional

Triplex · 3 units

Intermediate

Primary skill: Assumption checking & risk

Purchase price: $525,000
Monthly rent: $5,250
Total cash required: $176,000
Monthly cash flow: $678.40
Annual NOI: $36,015
Cap rate: 6.86%
Cash-on-cash: 4.63%
DSCR: 1.29

Assumption checking

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All case studies use realistic but fictional numbers. They are not active listings and do not represent available properties.