Decent Investment Opportunity?

[Ryan Balko]

I've been presented with an opportunity to buy 27 SFRs and I'm not entirely sure if the numbers work out in my favor or not.  Here is the information I've been given so far:

• Asking purchase price: $1,565,850
• Monthly rent income: $20,550
• Yearly Taxes: $30,540
• Yearly Utilities paid by Owner: $12,940

I would be looking at a hard money/private lending loan for the initial down payment.  The private loan would likely need to be 20% of the purchase price (15% down for the mortgages plus 5% to cover closing costs), and the mortgages would likely be 85% of the purchase price.

Does anyone out there have a spreadsheet put together (or just general knowledge) to see if this makes sense for me?  I know there are additional expenses to consider (maintenance, insurance, repairs, property management, etc.)

Thanks in advance!