Your underwriting was right the day you closed. Vigil tells you the week it stops being.
You underwrote the property on explicit assumptions — rent growth, vacancy, insurance cost, the refi rate, no new competing supply. Then the model went in a drawer. Vigil's property underwriting template turns those assumptions into discrete, watchable claims and flags the one that breaks, cited to the page where it broke.
We'll run it on one of your own deals. Prefer to leave your email?
The model is a snapshot. The market keeps moving.
The new supply shows up in your leasing velocity before it shows up in your inbox. The insurance renewal lands 40% over model with sixty days' notice. Every one of those was visible earlier — on a planning agenda, in a regulator's filings, on a comp's listing page. Nobody's job was to re-read those pages every week. That's the job Vigil takes.
A value opinion gets questioned long after the effective date — by a reviewer, a lender, a lawyer. What you need is the record: which comps, which market data, which assumptions supported the value at the time, and what changed since. Vigil keeps that record as a matter of course, dated and cited.
The property underwriting template
Pick it when you create a decision — during onboarding or from the Decisions page. No setup, no import.
Paste the deal as you'd write it in a memo. Vigil pulls out the assumptions a deal actually pencils on — rent growth, vacancy, operating costs, financing, new supply — as discrete claims. You confirm, edit, or add before anything goes under watch.
The template comes with a curated starter set you can include alongside your own comps, agendas, and filings:
- Federal Reserve press releases
- Freddie Mac's weekly mortgage rate survey
- Census housing vacancies & rents
- Census new residential construction
- FHFA news & house price index
The 24-unit acquisition
One deal, five underwriting assumptions, and the public evidence that would break each one. This is exactly how a decision looks inside Vigil.
The decision you paste in
“Acquire the 24-unit building on Maple at $3.4M. The deal pencils at a 5.8% going-in cap, underwritten to a 7.2% yield-on-cost after renovating twelve units over two years, with a refinance in year three.”
Vigil extracts the assumptions underneath — you confirm, edit, or add before anything goes under watch.
Five assumptions, five tripwires
The scheduled check
Month seven: a 180-unit project appears on the planning commission agenda, a mile from your building. Vigil flags the no-new-supply assumption the week the agenda posts — with the agenda item cited — not when the crane appears a year and a half later. You reprice your renovation rents while you still have options, and the decision record shows exactly why.
Where you see it
On your Overview, on the deal's decision page with the evidence attached, and in your weekly brief — one email that covers every property's assumptions, so quiet weeks cost you five minutes.
How it maps to Vigil
The same decision → assumptions → evidence model, pointed at your deals.
- 1YouPick the Property underwriting template and paste the deal — the price, the plan, and the reasoning underneath it.
- 2VigilExtracts the underwriting assumptions — rent growth, vacancy, operating costs, financing, supply — and you confirm or edit them.
- 3YouPoint watches at public pages: planning agendas, permit portals, comp listings, regulator filings, lender rate pages.
- 4VigilRe-reads those pages on schedule, long after you've moved on to the next deal.
- VigilThe week new evidence weakens an assumption, you're notified — with the sources cited.
A defensible record of what the evidence said at the time
When a valuation is questioned months later, the strongest answer is the record you kept while you worked — not the one you reconstruct under pressure.
The comps, listings, and market data you relied on — captured as cited claims, not a folder of PDFs. Every claim keeps its source.
The record is dated. When a page you relied on changes later, that's a new, separate piece of evidence — the original reading stays intact.
New listings, filings, or market evidence that bears on the assignment shows up as flagged changes with citations. Your file tells the story in order.
Vigil keeps the record of the evidence you relied on. It doesn't produce valuations and doesn't replace your professional judgment or your firm's workfile requirements.
Put your next deal's assumptions under watch
Bring one of your own deals to a private demonstration and watch the property underwriting template break it into watchable assumptions in a few minutes.
Prefer a walkthrough first?
If you'd rather talk through your setup — a portfolio's worth of deals, the sources your market moves on, an appraisal workfile — leave your email and we'll reach out.
Vigil watches the evidence behind your underwriting and flags what changed, cited. It doesn't value properties, doesn't recommend buying or selling, and is not investment, lending, or appraisal advice.