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Financing

Osprey's verdict

+$545/mo

at Conventional 25% down

Clears your $250/mo bar

Max offer

Clears your $250/mo bar at ask — headroom to $294,000 (20.0% above ask).

Monthly cash flow — Conventional 25% down

+$545/mo
Gross rent$2,600
Vacancy loss−$130
Effective gross income$2,470
Taxes−$204
Insurance−$71
Maintenance−$130
CapEx reserve−$130
Management−$198
Net operating income$1,737
Debt service−$1,192

Metrics

Cap rate

8.5%

Cash on cash

9.5%

GRM

7.9

1% rule

1.06%

Passes

Break-even occupancy

74.0%

Opex ratio

33.2%

Lender DSCR

1.77

NOI DSCR

1.46

Cash to close

$68,600

Loan

Down payment

$61,250

Amount financed

$183,750

LTV

75.0%

Rate

6.750%

Term

30y

P&I

$1,192

10-year projection

YearAnnual cash flowValueLoan balanceEquityROE
1+$6,540$252,350$181,792$70,5589.3%
2+$6,957$259,921$179,697$80,2238.7%
3+$7,382$267,718$177,457$90,2628.2%
5+$8,258$284,022$172,497$111,5267.4%
10+$10,606$329,260$156,741$172,5196.1%

Total profit at exit

$166,061

IRR at exit

16.9%

Equity multiple

3.42x

Illustrative properties, real math — every figure is live output from Osprey's underwriting engine.

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