[Calc Review] Vacant & Distressed MF Outside Major Military Base

[Eric Gamble]

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Greetings BP members!  

Any and all input on this 3-unit (1-bed, 1-bath) vacant and distressed property outside one of the Top 5 U.S. Military bases, would be greatly appreciated.

Is this ready to seeks partners?

Project Overview ( - for BP Analysis)

- Rehab Period

  -- Holding Cost: $2,555

  -- Repairs: $72,000

  -- Total Cash Outlay: $87,605

- Initial Rental Period

  -- Gross Income: $1,770

  -- Monthly Expenses: $1,126

  -- NOI: $10,941

  -- Total Cash Needed: $85,050

  -- Cash-on-Cash: 9.09%

  -- Purch. Cap Rate: 29.18%

- After Cash-out Refi

  -- Gross Income: $1,770

  -- Monthly Expenses: $1,599

  -- Monthly Cashflow: $171

*This link comes directly from our calculators, based on information input by the member who posted.