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

A great investment opportunity in East Hills subdivision.  A 3 bed, 2 bath split foyer with a walk-out basement and garage.  Sitting on a huge 1/3 acre lot.  Immediate access to Man O War creating an easy path to Richmond Road, Hamburg and I-75.

 BUY & HOLD
 After Repair Value = $130,000+
 Purchase Price = $86,300
 Rehab = $19,800 (Flooring, Paint, Misc. Repair/Upgrade)
 Closing = $1,726 (2% Purchase Price)
 Total Investment = $107,826
 Instant Equity = $22,174 (17% Equity)

 Rent = $1,200/mo
 Mortgage ($100,000 for 20yr @ 5%) = $660/mo
 Taxes = $129/mo (Est)
 Insurance = $43/mo (Est)
 Management = $96/mo (8% Rent)
 Reserve Fund = $96/mo (8% Rent)
 Monthly Profit = $176
 Yearly Profit = $2,108
 Cash on Cash Return = 26.9% (Based on $107,826 - $100,000 = $7,826 o/o pocket)
 56.4% Cash on Cash Return w/o Management or Reserves!

 FIX & FLIP
 After Repair Value = $130,000+
 Total Investment = $107,826
 Spread = $22,174

 Holding Cost = $3,235 (Based on 90 day sale @1% per month)
 Real Profit = $18,939

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.