Analyze real estate deals with comprehensive financial modeling and zoning analysis tools. Quickly screen offering memorandums and export detailed investment memos.
1.0
July 4, 2026
Unlimited reviews, custom branding, all features.
PenciledOut is a mobile application designed for real estate developers and operators to perform deal underwriting. It offers tools for running full proformas, screening offering memorandums, and analyzing zoning codes directly from a smartphone or tablet.
PenciledOut provides five proforma templates covering various deal types, including value-add multifamily, ground-up development, commercial acquisition, refinance, and residential condo outsells.
The OM Screener allows you to upload an offering memorandum PDF. The app then provides an instant verdict on whether the deal pencils and pre-loads extracted inputs into the matching proforma for further analysis.
Yes, the Zoning Analyzer feature lets you paste a municipal code URL or upload a PDF to get structured zoning analysis. It computes metrics like maximum units, FAR, parking requirements, and setback information.
PenciledOut offers two auto-renewable subscriptions: Pro at $49.99 per month and Pro Unlimited at $99.99 per month. Both plans include a 7-day free trial.
You can manage or cancel your subscription by going to your App Store account settings. Cancellations must be made at least 24 hours before the end of the current subscription period to avoid automatic renewal.
PenciledOut is designed for iOS devices, including iPhone, iPad, and iPod. It is rated for ages 4 and up.
No, PenciledOut is ad-free. The application's monetization is based on its subscription plans for advanced features.
