Another great deal from Bluegrass Investment Properties.  This property can be your next flip project or 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!  Call Clark @ (859) 321-6618

Put as much or as little into this investment opportunity, there are LOTS of options for this property!

 BUY & HOLD
 After Repair Value = $115,000
 Purchase Price = $62,500
 Rehab = $27,000 (Paint, Flooring, Update Kitchen & Bathrooms, Plumbing, Misc.)
 Closing = $1,250 (2% Purchase Price)
 Total Investment = $90,750
 Instant Equity = $24,250 (21.1% Equity)

 Rent = $950/mo
 Mortgage (80% Total Investment = $72,600, 20yr @ 5%) = $479/mo
 Taxes = $96/mo (Est)
 Insurance = $43/mo (Est)
 Management = $76/mo (8% Rent)
 Reserve Fund = $76/mo (8% Rent)
 Monthly Profit = $180
 Yearly Profit = $2,160
 Cash on Cash Return = 2,160/(0.20*90,750) = 11.9% (Assuming an 80% LTV Refinance)
 22.0% Cash on Cash Return w/o Management or Reserves!

 FIX & FLIP
 After Repair Value = $115,000
 Total Investment = $90,750
 Spread = $24,250

 Holding Cost = $2,723 (Based on 90 day sale @1% per month)
 Real Profit = $21,527

Disclaimer: Please do your own due diligence.  House is being sold as-is, and buyer is to pay all closing costs.  Price based on a cash or hard money offer.  All properties offered are either owned by Bluegrass Investment Properties LLC, under contract and selling equitable interest, or offered in conjunction with a business associate.  All offers on properties require proof of funds, $2,000 non-refundable earnest deposit and 10 day close of escrow.  No waiting for a response.  We respond immediately to an offer.