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!