Napkin Model was built with a simple idea:
What if real estate underwriting could be simple?

Too often, there is a large gap between the first numbers analyzed on a project and the inevitable macro-laden Excel model that follows.

Built to use the fundamental real estate math that actually gets deals across the table, Napkin Model bridges the gap.

These models and formulas are the backbone of the real estate industry, and often hidden behind paid courses, real estate education, or analysts who don't want to share their proformas.

Though other calculators are available online, most don't truly understand these real estate formulas, or are built on AI slop.

Napkin Model will always provide these core models free of charge. Models built with real, repeatable formulas. And we'll always explain the inputs and calculations.

Down the road, maybe we'll develop some more advanced Excel-based models, and we're always available if you desire a custom model for your business.

But we'll always remain true to scribbling numbers on a napkin.