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!  (859) 359-2245

 SOLD COMPS
 1891 Linton Road - $99,900 - 1250 sf – 79.9 $/sf – 11/8/13
 696 Eden Road - $86,800 – 1075 sf – 89.0 $/sf – 10/7/13

 1804 Millbank Road - $105,500 - 1282 sf - 82.3 $/sf - 5/23/13

 560 Bishop Drive - $106,000 - 1303 sf - 81.4 $/sf - 5/9/13
 Average $/sf = 64.6 x 1136 = $94,455 Comped After Repair Value

 BUY & HOLD
 After Repair Value (Comp Avg)= $94,400
 Purchase Price = $57,000
 Rehab = $12,000 (Flooring, paint, appliances, updating, etc.)
 Closing = $1,140 (2% Purchase Price)
 Total Investment = $70,140
 Instant Equity = $24,260

 Rent = $800/mo
 Mortgage (80% Total Investment = $56,112, 20yr @5%) = $370/mo
 Taxes = $83/mo (Est)
 Insurance = $38/mo (Est)
 Management = $64/mo (8% Rent)
 Reserve Fund = $64/mo (8% Rent)
 Monthly Profit = $181
 Yearly Profit = $2,172
 Cash on Cash Return = 2,172 / (0.20 x 70,140) = 15.5% (Assuming an 80% LTV Refinance)
 26.4% Cash on Cash Return w/o Management or Reserves!

 FIX & FLIP
 After Repair Value (Comp Avg) = $94,400
 Total Investment = $70,140
 Spread = $24,260

 Holding Cost = $2,105 (Based on 90 day sale @1% per month)
 Real Profit = $22,155