Institutional-grade underwriting · US real estate
Rentogram sweeps 2M+ listings, HUD rent tables and auction dockets every night, runs six arbitrage strategies on each, and delivers the winners as scored investment memos — the work of a €5,000/month acquisitions analyst, from €9.
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312 DEALS SCORED THIS QUARTER · $4.1M IN SPREAD IDENTIFIED · ALL 50 STATES
Section 8 · 44106
1847 E 86th Street
Cleveland, OH
Cap
11.2%
CoC
14.8%
DSCR
1.61×
FMR spread
+$278/mo
Memo № 0091
Verdict: Acquire
THE HUNTER · sweeping 94 markets…
The problem
4–6 hrs
per deal, by hand
Zillow tab, rent guess, four spreadsheets, stale comps — and you still miss the debt-service trap on row 40. That's one deal. The engines run two million a night.
48 hrs
and the good ones are gone
A genuinely mispriced property doesn't wait for your weekend analysis session. By the time you've built the model, someone faster is under contract.
$40k+
cost of one bad buy
One overpriced acquisition — rents overestimated, capex underestimated — costs more than a decade of any tool ever built. The expensive mistake is buying blind.
How it works
2M+ listings, HUD Fair Market Rent tables, county auction dockets and nightly-rate data — all 50 states, six arbitrage strategies at once.
NOI, cap rate, cash-on-cash, DSCR, full waterfalls — deterministic, unit-tested formulas. The desk never invents a number; it only judges the ones it computed.
Each surviving deal scored 1–100 against a transparent rubric and written up as a four-page memo with a verdict: ACQUIRE, WATCH or PASS.
Try the desk · No signup
Three real properties from the pipeline. Pick one and watch the full underwrite happen — every number, every check, the verdict at the end.
rentogram · underwriting desk
Pick a property. Watch four hours of analysis happen in fifteen seconds.
What it finds
Every engine hunts a different mistake sellers make. Click any of them to see exactly how it works — steps, live example, and the honest risk.
The math on us
This is the same work an acquisitions team does — market screening, rent verification, debt modeling, committee memos. Done nightly, across every market at once, for less than the cost of one feasibility report.
≈ €5 per underwritten deal on Pro at 30 deals a month. One avoided mistake pays for a decade. One found spread pays for two.
| Getting deals underwritten | Cost | Speed |
|---|---|---|
| Junior acquisitions analyst | €4–6k/mo | 3–5 deals/wk |
| Feasibility report, per deal | €500–1,500 | 1–2 weeks |
| Your own evenings | 4–6 hrs/deal | when life allows |
| Rentogram Pro | €149/mo | nightly · unlimited |
All six engines · exact addresses · full memos · cancel anytime
The deliverable · This is what lands in your inbox
HUD's Fair Market Rent for a three-bedroom in ZIP 44106 stands at $1,428 against a private-market estimate of $1,150 — a spread underwritten by the federal government rather than the tenant pool. At the voucher rent, an $82,000 basis produces an 11.2% cap rate and 1.61× debt coverage.
Cap rate
11.2%
Cash-on-cash
14.8%
DSCR
1.61×
FMR spread
+$278/mo
Free · Every Monday
One fully-underwritten deal in your inbox every Monday — exact address, complete math, the Validator's verdict. No teaser, no blur. See exactly what Pro members get, free.
Fair questions
The financial math is deterministic — unit-tested formulas, not black-box estimates. Judgment (ranking, thesis, risk flags) is applied only on top of computed numbers, and every memo shows its inputs: which figures were sourced and which were estimated. An analyst can disagree with the model; they can't say the arithmetic is wrong.
Trust the memo the way an investment committee trusts an analyst's memo: as decision support with a full audit trail. Every number is traceable to its source (HUD tables, live comps, county records), every deal ships with a stress-tested downside, and the risks section is written to talk you out of bad deals, not into them.
You can — for one deal, in about four hours, if your comps are fresh. The platform runs the same underwriting on two million properties nightly, across six different arbitrage strategies, and only shows you the ones where the math already works. The spreadsheet isn't wrong; it's just slow and blind.
Every deal the engines flag, with exact addresses, full cash-flow tables, memos and real-time alerts — unlimited. At 30 deals a month that's under €5 per fully-underwritten deal. The €9 tier shows teasers; €499 adds off-market flow, waterfall modeling and API access.
Cancel any month, no questions. Better: don't start with money at all — the Monday Memo sends you one complete underwritten deal free every week. Judge the quality of the work before you pay for the volume of it.
Everything else — data sources, every engine, who this is for — lives in the full FAQ.
$4.1M
in modeled equity spread identified this quarter
312
deals scored · avg 14% under model value
2,000,000+
properties swept across all 50 states
Preview metrics on illustrative data. Estimates, not investment advice — full model validation against closed transactions ships with the live beta. We'd rather show you the disclaimer than hide it.
From the desk's early users
“The edge alert hit my phone at 6:41am — memo already written, spread already stress-tested at market rent. I offered the same day. That one Section 8 spread pays my subscription nineteen times over, every year.”
Marcus T.
14 doors · Ohio & Alabama
“I'd never underwritten anything in my life. The memo reads like a friend who happens to be an analyst — risks first, then the math, then a verdict. I bought my first US door from London; it cash-flows $290 a month.”
Elena R.
First-time investor · London
“We ran the Syndicate tier against our own analyst pipeline for a quarter. The waterfall modeling — pref, arrears carried, promote splits — comes out IC-ready. We kept the tier and reassigned the analyst.”
David K.
Family office · deals in 3 states
Free sample memo · No card · Cancel anytime