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Rental Property Cash Flow, NOI & Underwriting Command Centre

Underwrite a Canadian rental property with an eight-line rent roll, current-versus-market rent, acquisition cash, Canadian mortgage math, formal and reserve-adjusted NOI, cash flow, cap rate, cash-on-cash return, DSCR, debt yield, break-even occupancy, capital components, five stress paths, ten-year projection and professional evidence controls.

Who it helps: Rental-property buyers, investors, landlords, Realtors, mortgage brokers, property managers, lawyers, accountants, inspectors, insurers and acquisition teams

Decision: What do the property's documented income, operating costs, capital needs, financing and stress paths actually produce, and which fact remains unresolved before offer, condition or funding instruction?

Estimate generatedRental underwriting evidence confidenceFive operating scenariosUnit-level rent rollNo deal grade

Estimate confidence

9.7/100

Confidence reflects entered documents, evidence, source matching and release controls only. It never validates rent, value, legal use, tenancy compliance, tax, financing or investment merit.

Monthly pre-tax cash flow

-$1,208.05

Operating NOI

$1,992.82

DSCR

$0.68

Cash-on-cash return

-8.93%

Reserve runway

3.5 months

Decision brief

Monthly pre-tax cash flow: -$1,208.05

Next action

Keep every income, cost and capital line tied to current property evidence.

Key notes

Sources

What this means

Monthly pre-tax cash flow is -$1,208.05. Use this as the anchor for your next conversation: Keep every income, cost and capital line tied to current property evidence.

Report view

Client view keeps the decision clear. Professional view includes the calculation trail.

Investor rental underwriting brief

Rental property underwriting file INVESTOR RENTAL UNDERWRITING BRIEF Current position: Selected scenario has negative pre-tax cash flow Property: Rental property - example address Working scenario: Base operating case. OPERATIONS Potential gross income $3300/month; effective income $3102; operating NOI $1993; capital reserve $250; debt service $2951; pre-tax cash flow $-1208. RETURNS AND COVERAGE Cap rate 3.83%; cash-on-cash -8.93%; DSCR 0.68x; reserve runway 3.5 months; break-even rent $4712. OPEN WORK Documents 14; issues 12; controls 31; conflicts 0.

Realtor, mortgage, lawyer and accountant handoff

Rental property underwriting file REALTOR / MORTGAGE / LAWYER / ACCOUNTANT HANDOFF Purchase $625000; acquisition cash $162300; mortgage principal $500000; applied periodic payment $2951 monthly. Current rent $3300; entered market rent $3475; market-rent gap $175; component annual reserve $4214. Provincial source matches entered property code; open documents 14; issues 12; handoffs 8. Next instruction: Reconcile the rent roll, leases, expenses, financing, insurance, capital plan, legal use and provincial/municipal requirements before offer, condition or funding instruction.

Five-scenario rental income, NOI, debt and cash-flow comparison

Scenario	Status	Selected	Potential gross	Loss %	Effective income	Operating expenses	NOI	Capital reserve	Debt service	Shock	Cash flow	Cap rate	Cash-on-cash	DSCR	Reserve-adjusted DSCR	Break-even rent	Break-even occupancy	Evidence	Next
Base operating case	entered estimate	YES	3300.00	6.00%	3102.00	1109.18	1992.82	250.00	2950.87	0.00	-1208.05	3.83%	-8.93%	0.68	0.59	4712.26	134.23%	owner record	Reconcile rents, vacancy, expenses, reserves, rate, amortization and shock costs to current evidence before relying on this path.
Rent and vacancy downside	entered estimate	No	3135.00	11.00%	2790.15	1122.61	1667.54	275.00	2950.87	0.00	-1558.33	3.20%	-11.52%	0.57	0.47	5059.10	143.62%	owner record	Reconcile rents, vacancy, expenses, reserves, rate, amortization and shock costs to current evidence before relying on this path.
Renewal-rate pressure	entered estimate	No	3642.58	7.00%	3387.60	1203.30	2184.30	275.00	3515.53	0.00	-1606.23	4.19%	-11.88%	0.62	0.54	5540.53	141.46%	owner record	Reconcile rents, vacancy, expenses, reserves, rate, amortization and shock costs to current evidence before relying on this path.
Repair and turnover shock	entered estimate	No	3201.00	12.00%	2816.88	1166.52	1650.36	312.50	2950.87	1000.00	-2613.01	3.17%	-19.32%	0.56	0.45	6463.99	177.70%	owner record	Reconcile rents, vacancy, expenses, reserves, rate, amortization and shock costs to current evidence before relying on this path.
Improved operations	entered estimate	No	3399.00	3.50%	3280.03	1108.60	2171.43	250.00	2950.87	0.00	-1029.44	4.17%	-7.61%	0.74	0.65	4571.28	129.78%	owner record	Reconcile rents, vacancy, expenses, reserves, rate, amortization and shock costs to current evidence before relying on this path.

Rent roll, lease evidence and market-rent gap

Unit / income	Current rent	Entered market rent	Recognized	Monthly gap	Lease review	Status	Evidence	Next
Primary rental unit	3100.00	3250.00	YES	150.00	Feb 26, 2027	written evidence	lease invoice statement	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Parking / storage / laundry	200.00	225.00	YES	25.00	Mar 28, 2027	entered estimate	owner record	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Secondary suite / unit	0.00	0.00	No	0.00	Apr 27, 2027	not applicable	none	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Unit 4	0.00	0.00	No	0.00	May 27, 2027	not applicable	none	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Unit 5	0.00	0.00	No	0.00	Jun 26, 2027	not applicable	none	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Unit 6	0.00	0.00	No	0.00	Jul 26, 2027	not applicable	none	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Unit 7	0.00	0.00	No	0.00	Aug 25, 2027	not applicable	none	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.
Unit 8 / other income	0.00	0.00	No	0.00	Sep 24, 2027	not applicable	none	Confirm lease, lawful rent, deposits, incentives, arrears, utilities, parking/storage, renewal, notices and market-rent evidence.

Formal NOI and pre-tax cash-flow waterfall

Line	Monthly amount	Treatment
Potential gross rent and income	3300.00	Before vacancy and credit loss
Vacancy / credit loss	198.00	Income reduction
Effective gross income	3102.00	Collected-income scenario
Operating expenses	-1109.18	Included in NOI
Operating NOI	1992.82	Before capital reserve and debt service
Capital replacement reserve	-250.00	Below formal NOI
Additional below-NOI costs	0.00	Entered cash costs
Debt service	-2950.87	Mortgage payment
Scenario shock	0.00	One-time annual shock / 12
Pre-tax cash flow	-1208.05	Before income tax and owner distributions

Acquisition cash sources and uses

Line	Amount	Treatment
Purchase price	625000.00	Property price
Down payment	125000.00	Cash equity
Closing costs	12500.00	Cash
Inspection / due diligence	1800.00	Cash
Immediate repairs / lease-up	8000.00	Cash
Initial operating reserve	15000.00	Protected operating liquidity
Financing fees paid cash	0.00	Cash
Other acquisition cash	0.00	Cash
Credit / incentive	0.00	Confirm timing and conditions
Total acquisition cash	162300.00	Cash-on-cash denominator
Mortgage principal	500000.00	Purchase less down payment plus financed costs

Mortgage payment, Canadian compounding and renewal bridge

Measure	Amount / record	Control
Principal	500000.00	Entered purchase/down payment/financed costs
Rate	5.15%	canadian semi annual
Frequency	monthly	12 payments/year
Modelled periodic payment	2950.87	Canadian or entered proxy convention
Lender-quoted periodic payment	0.00	Visible reconciliation only
Applied monthly equivalent	2950.87	Normalized for operating comparison
Entered renewal rate	6.15%	Year 5
First renewal / refinance date	Jul 30, 2031	Confirm actual maturity and options

Operating expense evidence and NOI treatment

Expense	Monthly amount	Treatment	Evidence boundary
Property tax	350.00	Operating NOI	Current bill / assessment is not future tax
Insurance	150.00	Operating NOI	Current property/use-specific quote
Repairs / maintenance	250.00	Operating NOI	Separate current repairs from capital improvements
Utilities	0.00	Operating NOI	Owner-paid share
Condo / strata	0.00	Operating NOI	Separate assessments and capital items
Legal / accounting / admin	80.00	Operating NOI	Recurring amount only
Management / leasing	279.18	Operating NOI	Applied to effective income
Lawn, snow and exterior	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Pest control	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Licensing / inspection	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Advertising / leasing	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Bookkeeping / software	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Security / monitoring	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Owner-paid internet / cable	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Banking / collection	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Non-capital turnover allowance	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.
Other recurring expense	0.00	Not recognized	Confirm payer, frequency, tax, inflation, contract, allocation and whether the cost belongs in operating NOI or below-NOI cash flow.

Capital component and replacement reserve schedule

Component	Replacement cost	Remaining years	Recognized	Annual reserve	Status	Evidence and next
Roof	18000.00	12.0	YES	1500.00	entered estimate	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Furnace / heating	8500.00	7.0	YES	1214.29	entered estimate	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Hot water	2500.00	5.0	YES	500.00	entered estimate	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Appliances	6000.00	6.0	YES	1000.00	entered estimate	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Windows / exterior	0.00	10.0	No	0.00	not applicable	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Plumbing / electrical	0.00	10.0	No	0.00	not applicable	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Flooring / interior turnover	0.00	10.0	No	0.00	not applicable	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Parking / site work	0.00	10.0	No	0.00	not applicable	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Condo special assessment buffer	0.00	10.0	No	0.00	not applicable	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.
Other capital component	0.00	10.0	No	0.00	not applicable	Confirm present condition, quantity, replacement scope, cost, remaining life, inflation, warranty and funding responsibility.

Investor guardrail and break-even dashboard

Measure	Working result	Entered target	Variance	Boundary
Monthly cash flow	-1208.05	300.00	-1508.05	Pre-tax planning cash
DSCR	0.68	1.20	-0.52	Not lender underwriting
Cash-on-cash	-8.93%	5.00%	-13.93%	Uses complete entered acquisition cash
Reserve runway	3.48 months	6.00 months	-2.52 months	Entered initial reserve
Break-even rent	4712.26	3300.00	-1412.26	Total recognized current rent
Break-even occupancy	134.23%	94.00%	-40.23%	Includes entered operating, reserve, debt and shock costs

Ten-year rent, NOI, cash-flow, mortgage and equity projection

Year	Rent/month	Effective income/year	NOI/year	Capital reserve	Debt payments	Interest	Cash flow	Periodic payment	Mortgage balance	Entered value scenario	Planning equity	Rate phase
$1	3300.00	37224.00	23913.84	3000.00	35410.40	25242.71	-14496.56	2950.87	489832.31	637500.00	147667.69	Projection
$2	3382.50	38154.60	24561.49	3060.00	35410.40	24712.33	-13908.92	2950.87	479134.24	650250.00	171115.76	Projection
$3	3467.06	39108.46	25226.32	3121.20	35410.40	24154.29	-13305.28	2950.87	467878.12	663255.00	195376.88	Projection
$4	3553.74	40086.18	25908.79	3183.62	35410.40	23567.13	-12685.24	2950.87	456034.85	676520.10	220485.25	Projection
$5	3642.58	41088.33	26609.36	3247.30	38476.91	27388.15	-15114.85	3206.41	444946.09	690050.50	245104.41	Entered renewal reset
$6	3733.65	42115.54	27328.50	3312.24	38476.91	26695.71	-14460.66	3206.41	433164.89	703851.51	270686.62	Projection
$7	3826.99	43168.43	28066.69	3378.49	38476.91	25960.03	-13788.71	3206.41	420648.00	717928.54	297280.54	Projection
$8	3922.66	44247.64	28824.44	3446.06	38476.91	25178.40	-13098.53	3206.41	407349.49	732287.11	324937.62	Projection
$9	4020.73	45353.83	29602.26	3514.98	38476.91	24347.97	-12389.63	3206.41	393220.55	746932.86	353712.31	Projection
$10	4121.25	46487.68	30400.66	3585.28	38476.91	23465.68	-11661.53	3206.41	378209.31	761871.51	383662.20	Projection

Rental underwriting evidence document register

Document	Date/version	Owner	Status	Evidence	Requirement	Next
Title, legal use and unit configuration	Aug 5, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Rent roll and tenant ledger	Aug 10, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
All leases, amendments and notices	Aug 15, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Deposits, interest and trust records	Aug 20, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Property tax and utilities	Aug 25, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Insurance policy, claims and replacement evidence	Aug 30, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Condo/strata documents, fees and assessments	Sep 4, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Operating statements and source invoices	Sep 9, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Repair, capital and inspection evidence	Sep 14, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Management, service and utility contracts	Sep 19, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Mortgage offer, appraisal and lender conditions	Sep 24, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Provincial tenancy and municipal use sources	Sep 29, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Tax/accounting ownership and expense review	Oct 4, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Offer, condition, lawyer and closing file	Oct 9, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.

Rental acquisition and operating milestone board

Milestone	Date	Days from review	Owner	Status	Evidence	Requirement	Next
Investment brief and authority	Aug 5, 2026	$5	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Rent roll / lease reconciliation	Aug 10, 2026	$10	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Property and capital inspection	Aug 15, 2026	$15	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Operating expense verification	Aug 20, 2026	$20	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Financing, appraisal and insurance	Aug 25, 2026	$25	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Legal use, tenancy and condo review	Aug 30, 2026	$30	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Scenario and liquidity decision	Sep 4, 2026	$35	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Offer / condition instruction	Sep 9, 2026	$40	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Closing and tenant transition	Sep 14, 2026	$45	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
First 90-day operating audit	Sep 19, 2026	$50	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.

Rental underwriting exception queue

Issue	Date	Owner	Status	Evidence	Requirement	Next
Current rent or lease evidence conflict	Aug 5, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Vacancy / arrears / concessions	Aug 10, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Operating expense omission or allocation	Aug 15, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Capital reserve underfunding	Aug 20, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Negative cash flow or DSCR gap	Aug 25, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Renewal-rate pressure	Aug 30, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Legal use / suite / occupancy / permit	Sep 4, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Tenancy rule or notice requirement	Sep 9, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Condo/strata rental or assessment risk	Sep 14, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Insurance / replacement / vacancy condition	Sep 19, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Financing / appraisal / lender condition	Sep 24, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Tax / ownership / GST-HST / CCA question	Sep 29, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.

Investor, Realtor, lender, lawyer and manager handoff matrix

Deliverable	Target	Owner	Status	Evidence	Requirement	Next
Investor underwriting brief	Aug 5, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Realtor acquisition and condition file	Aug 10, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Mortgage and appraisal file	Aug 15, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Buyer lawyer title/use/tenancy file	Aug 20, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Inspector and capital plan	Aug 25, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Insurance review	Aug 30, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Accountant / tax trigger file	Sep 4, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.
Property manager operating handoff	Sep 9, 2026	Assigned file owner	requested	none	Current property-specific evidence with date, version, scope, exception and required response.	Obtain, reconcile, assign and retain the investor or professional decision record.

Rental underwriting release controls

Control	Status	Required standard
ownerEntityAuthorityAndDecisionMakersRecorded	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
propertyAddressTitleUseAndUnitConfigurationReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
purchasePriceDepositClosingAndAcquisitionCostsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
downPaymentMortgageTermsAndQuotedPaymentReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
rentRollLeasesDepositsArrearsAndConcessionsReconciled	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
currentAndMarketRentEvidenceSeparated	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
vacancyCreditLossAndLeaseupAssumptionsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
otherIncomeOwnershipAndCollectionEvidenceReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
propertyTaxInsuranceUtilitiesAndCondoCostsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
managementLeasingRepairsAndAdministrationCostsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
operatingExpensesAndCapitalReservesSeparated	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
capitalComponentCostsLivesAndKnownRepairsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
baseDownsideRenewalRepairAndUpsideScenariosReconciled	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
noiCapRateCashFlowCashOnCashAndDscrDefinitionsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
breakEvenRentOccupancyAndReserveRunwayReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
renewalRateTimingAndMortgageBalancePathReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
rentExpenseValueAndRenewalGrowthAssumptionsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
tenYearProjectionAndNoSaleTaxBoundaryReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
provincialTenancySourceMatchesProperty	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
municipalUseLicenceAndShortTermRentalQuestionsRouted	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
condoStrataBylawsFeesArrearsAndAssessmentsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
insuranceUseVacancyReplacementAndLiabilityReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
financingQualificationAppraisalAndLenderConditionsReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
taxCurrentCapitalExpenseCcaAndOwnershipQuestionsRouted	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
inspectionEnvironmentalPermitAndSafetyQuestionsRouted	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
reserveCapitalCallAndLiquidityInstructionRecorded	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
buyerLandlordPropertyManagerLenderLawyerAndAccountantHandoffsRecorded	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
offerConditionClosingAndLeaseTransitionDatesRecorded	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
privacyConsentSecureDeliveryAndDataMinimizationReviewed	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
paymentDepositAndFundingInstructionsIndependentlyVerified	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
sourceDatesVersionsJurisdictionsAndLicencesRecorded	OPEN	Resolve before affected offer, condition, tenancy, financing, closing or investment reliance
noValueRentLegalTaxFinancingOrInvestmentRecommendationInferred	Recorded current	Retain dated evidence; reopen after material change

Official rental, tax, mortgage and tenancy source registry

Source	URL	Applicability	Reviewed	Evidence boundary
CRA - Rental Income Guide T4036	https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4036/rental-income.html	Official federal guide to rental income, expense reporting, records and current-versus-capital expense concepts.	Jul 31, 2026	This tool does not calculate taxable rental income, deductibility, ownership allocation, GST/HST or a tax return.
CRA - Capital cost allowance for rental property	https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-allowance-rental-property.html	Official federal information on depreciable rental property and CCA concepts.	Jul 31, 2026	Capital reserve planning is not CCA, tax depreciation, adjusted cost base, recapture or tax advice.
CMHC - Rental Market Survey data tables	https://www.cmhc-schl.gc.ca/data-and-research/publications-and-reports/~/link.aspx?_id=5693D0F2B7734DEBAFACF4E45B93BBA2&_z=z	Official survey data for vacancy, average rent, turnover and rental universes in covered geographies.	Jul 31, 2026	Survey aggregates are not property-specific market rent, future rent, vacancy, appraisal or performance evidence.
FCAC - Mortgages	https://www.canada.ca/en/financial-consumer-agency/services/mortgages.html	Official federal consumer mortgage information for payment, renewal, fees and prepayment context.	Jul 31, 2026	No investment-property rate, qualification, approval, product suitability, lender payment or funding result is generated.
Alberta - Residential tenancies	https://www.alberta.ca/residential-tenancies	Official Alberta tenancy information preloaded for the default AB scenario; replace with the official source for the selected jurisdiction and exact tenancy type.	Jul 31, 2026	No rent increase, deposit, notice, eviction, lease, remedy, jurisdiction or legal-compliance conclusion is generated.
Office of the Privacy Commissioner - PIPEDA safeguards	https://www.priv.gc.ca/en/privacy-topics/privacy-laws-in-canada/the-personal-information-protection-and-electronic-documents-act-pipeda/p_principle/principles/p_safeguards/	Official federal safeguards guidance; confirm applicable federal or substantially similar provincial private-sector privacy law.	Jul 31, 2026	Protect tenant, owner, financial, identity, dispute and property records with proportionate safeguards and secure delivery.

Rental underwriting exception playbook

Exception	Immediate control	Do not infer	Required record
Rent roll differs from leases or deposits	Freeze income and reconcile every unit	Current rent, lawful rent, collectability or market rent	Lease, amendments, ledger, deposit, arrears, incentives, notices, utilities, parking/storage and owner instruction
NOI omits or misclassifies costs	Separate operating, capital, debt, tax and owner items	Accounting or tax treatment from a calculator label	Invoice, frequency, payer, allocation, current/capital analysis, contract, inflation and professional review
Capital reserve is underfunded	Update components, timing, scope and liquidity	A smooth annual reserve prevents an actual capital call	Condition, quantity, cost, life, quote, contingency, warranty, responsibility and funding source
Renewal makes cash flow negative	Refresh lender payment, balance, term and household/property reserve plan	A future rate, approval or refinance option	Statement, maturity, rate options, qualification, appraisal, costs, payment, conditions and investor instruction
Tenancy or legal-use source mismatches	Stop legal/rent reliance and obtain address-specific professional review	Province selector proves tenancy, suite, licence or notice compliance	Jurisdiction, property/use, official source version, lease facts, permits, bylaws, notices, advice and decision
Deposit or funding instruction changes	Stop and independently verify through retained known contacts	Email, urgency, branding or caller ID proves authenticity	Original/change, callback channel, participants, date/time and approved final instruction

Suggested next steps

Keep every income, cost and capital line tied to current property evidence.
Resolve the selected scenario's $1208.05 monthly pre-tax cash-flow shortfall.
Add $2.5 months to the entered reserve runway or change the capital/liquidity plan.
Recheck provincial and municipal sources whenever the property, use, lease or date changes.
Resolve 31 rental release control(s) before affected offer, condition or funding reliance.