Back-of-Napkin Spreadsheet

FREE

Quickly Screen CRE Deals in Under 60 Seconds

Stop wasting hours underwriting deals that were never going to work.
This simple, high-level calculator helps you go from raw numbers to a clear “Go / No-Go” decision – fast.

👉 Built by the Hungry Investments team using real deal assumptions.

The “Back-of-Napkin” Sheet Every Investor Needs to Screen Deals Faster

Most investors spend hours underwriting deals that never had a shot.

This tool flips that process.

Instead of going deep on every opportunity, this spreadsheet helps you quickly answer one question:

“Is this even worth my time?”

In under 60 seconds, you can plug in basic assumptions and instantly see whether a deal has the potential to work or if it’s a pass.

 

  • Instant Go / No-Go Decision
    Built-in developer spread logic tells you immediately if a deal meets your return threshold.

  • High-Level, Fast Underwriting
    Designed for early-stage analysis — perfect for filtering deals before diving deeper.

  • Fully Customizable Inputs
    Adjust purchase price, rent, vacancy, expenses, cap rate, and construction costs to match your market.

  • Sensitivity to Key Variables
    Quickly see how small changes (especially cap rate) impact deal value by hundreds of thousands.

  • Real Deal Framework
    Based on how we actually evaluate commercial real estate opportunities at Hungry Investments.

 

How Investors Actually Use This

  • You get an OM or hear about a deal

  • Plug in the asking price and basic assumptions

  • Instantly see if it’s a yes or a no

  • Only spend time underwriting deals that pass the test

 

What This Is (And What It’s Not)

This is a back-of-the-napkin calculator — not a full underwriting model.

It’s built to:

  • Help you evaluate deals quickly

  • Eliminate bad opportunities early

  • Save you time and mental bandwidth

It does NOT account for:

  • Financing / debt structure

  • Timeline or stabilization periods

  • Detailed underwriting assumptions

👉 If it passes this test, then it’s worth diving deeper.

 

Stop Guessing. Start Screening Deals Faster.

If you’re serious about commercial real estate, this tool will save you time on every deal you look at.

Download it for free and start making faster, smarter decisions today.