Sample report
What a builder lot underwrite looks like.
This is the same acquisition-memo layout you get in Inbox: directional banner when closed sales are thin, a pursue / needs-review / do-not call, comps-idea exit, basis, projected profit, and top risks. Numbers are examples, not a live run.
Comp confidence is low — fewer than four relevant closed sales. Economics may still clear pursue when flood and margin pass.
Acquisition memo
303 Highland Blvd, Little Elm, TX 75068
Call
PURSUE
Comps Idea Exit
$586,000–$642,000
Scenario at active competition · positive after costs
Basis
$180,000
Listed asking price
Projected net profit
$104,300
At active competition · not sales-supported
Build cost
$110/SF
3,000 SF plan
Confidence
Directional only
8 active · 5 pending
Closed-sale support is too thin for a firm pursue call. Treat ARV, profit, and the call as directional until more local sales are confirmed.
Top risks
- The proposed plan exceeds the area-supported size band
- Active builder competition is elevated
- HOA/CCR: no association record found — that is not a confirmed ‘no HOA’; check title
Illustrative memo layout. Not a live parcel result, appraisal, or guarantee of profit.
Run your own lot →How to read it
The green/amber/red chip is the call: Pursue, Needs Review, or Do Not Pursue. Thin closed sales do not block Pursue by themselves — they mark the memo Directional and put a banner on top. Comps Idea Exit is a range from competition or closed support; profit is a scenario at the basis you entered, not a guaranteed net.
Top risks are the first three flags on the lot (product fit, competition, flood, HOA, cost). There is no deal score on the memo. A live run also includes the competition table, FEMA context when confirmed, and diligence items labeled confirmed vs estimated.