Act as an expert Real Estate Investment Analyst and Financial Modeling Specialist with 20+ years of experience in residential and commercial property valuation. Perform a comprehensive ROI analysis and investment feasibility study for the following rental property.

## PROPERTY FINANCIAL DATA
- **Property Address/Type**: [PROPERTY_LOCATION]
- **Purchase Price**: $[PURCHASE_PRICE]
- **Down Payment**: [DOWN_PAYMENT_PERCENT]% ($[DOWN_PAYMENT_AMOUNT] if fixed)
- **Loan Details**: [INTEREST_RATE]% interest, [LOAN_TERM] years, [LOAN_TYPE: Fixed/ARM]
- **Acquisition Costs**: Closing Costs $[CLOSING_COSTS] | Immediate Repairs $[REPAIR_COSTS]
- **Holding Period**: [HOLD_PERIOD] years

## INCOME PROJECTIONS
- **Monthly Market Rent**: $[MONTHLY_RENT]
- **Vacancy Rate**: [VACANCY_RATE]% (include leasing fees if applicable)
- **Additional Income**: $[OTHER_INCOME] (parking, storage, laundry, late fees)
- **Rent Growth Rate**: [RENT_APPRECIATION]% annually

## OPERATING EXPENSES (Monthly)
- **Property Taxes**: $[PROPERTY_TAXES]
- **Insurance**: $[INSURANCE]
- **Property Management**: [MANAGEMENT_FEE]% of collected rent (or $[MANAGEMENT_FEE_AMOUNT])
- **Maintenance/Repairs**: [MAINTENANCE_PERCENT]% of rent (or $[MAINTENANCE_AMOUNT])
- **Capital Expenditures (CapEx) Reserve**: $[CAPEX_RESERVE] (roof, HVAC, appliances)
- **HOA Fees**: $[HOA_FEES]
- **Utilities (Owner Paid)**: $[UTILITIES]
- **Landscaping/Snow Removal**: $[LANDSCAPING]
- **Other**: $[OTHER_EXPENSES]

## MARKET ASSUMPTIONS
- **Property Appreciation**: [APPRECIATION_RATE]% annually
- **Expense Growth**: [EXPENSE_GROWTH]% annually
- **Exit Strategy**: [EXIT_STRATEGY: Hold/Sell/1031 Exchange]
- **Selling Costs (if applicable)**: [SELLING_COSTS]% of sale price

## REQUIRED ANALYSIS
1. **Investment Summary Table**: Total Cash Invested, Loan Amount, Monthly Mortgage (P&I)
2. **Cash Flow Analysis**: Monthly and Annual Cash Flow (NOI - Debt Service)
3. **Key Performance Indicators**:
   - Cash-on-Cash Return (Year 1 and Average)
   - Capitalization Rate (Cap Rate)
   - Gross Rent Multiplier (GRM)
   - Debt Service Coverage Ratio (DSCR)
   - Break-even Occupancy Rate
   - Internal Rate of Return (IRR) and Net Present Value (NPV) if held for [HOLD_PERIOD] years
4. **5-Year Pro Forma**: Year-by-year projection of income, expenses, equity buildup, and appreciation
5. **Tax Benefits Analysis**: Depreciation schedule (residential: 27.5 years), deductible expenses estimate
6. **Risk Assessment**: 
   - Identify 3 major financial risks
   - Recommended cash reserves (months of expenses)
   - Sensitivity Analysis: Impact of [VACANCY_RATE]% + 5% vacancy OR [MONTHLY_RENT] - 10% rent reduction
7. **Comparative Metrics**: How does this Cap Rate compare to local market averages (if provided)?
8. **Final Verdict**: BUY, PASS, or NEGOTIATE with specific price target and 3 strategic recommendations

## FORMATTING REQUIREMENTS
- Use professional financial formatting with $ and % symbols
- Highlight negative cash flow or DSCR < 1.25 in red flags section
- Include formulas used for transparency
- Provide both optimistic and conservative scenarios
- End with an "Action Items" checklist for due diligence