Another great deal from Bluegrass Investment Properties. This property can become your next cash flowing rental. Our deals typically don't stay available for more than just a few hours. If you are a serious investor, you should call now for an inspection! (859) 359-2245
BUY& HOLD
After Repair Value (Comp Avg) = $66,200
Purchase Price = $40,500
Rehab = $21,800 (Flooring, paint, bathroom, etc.)
Closing = $810 (2% Purchase Price)
Total Investment = $63,110
Instant Equity = $3,090
Rent = $800/mo
Mortgage (80% Total Investment = $50,488, 20yr @ 5%) = $333/mo
Taxes = $60/mo (Est)
Insurance = $27/mo (Est)
Management = $64/mo (8% Rent)
Reserve Fund = $64/mo (8% Rent)
Monthly Profit = $252
Yearly Profit = $3,024
Cash on Cash Return = 3,024/(0.20*63,110) = 24.0% (Assuming an 80% LTV Refinance)
36.1% Cash on Cash Return w/o Management or Reserves!