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
 3404 Crimson King Ct. - $150,000 - 2200 sf – 68.2 $/sf – 9/24/13
 3505 Elmendorf Ln. - $155,000 – 2543 sf – 61.0 $/sf – 10/4/13
 Average $/sf = 64.6x2400 = $155,040

 BUY & HOLD
 After Repair Value (Comp Avg)= $155,040
 Purchase Price = $107,200
 Rehab = $18,000 (Flooring, paint, updating, etc.)
 Closing = $2,144 (2% Purchase Price)
 Total Investment = $127,344
 Instant Equity = $27,696

 Rent = $1,200/mo
 Mortgage (80% Total Investment = $101,876, 20yr @5%) = $672/mo
 Taxes = $140/mo (Est)
 Insurance = $63/mo (Est)
 Management = $96/mo (8% Rent)
 Reserve Fund = $96/mo (8% Rent)
 Monthly Profit = $133
 Yearly Profit = $1,596
 Cash on Cash Return = 1,596/(0.20*127,344) = 6.3% (Assuming an 80% LTV Refinance)
 15.3% Cash on Cash Return w/o Management or Reserves!

 FIX & FLIP
 After Repair Value (Comp Avg) = $155,040
 Total Investment = $127,344
 Spread = $27,696

 Holding Cost = $3,821 (Based on 90 day sale @1% per month)
 Real Profit = $23,875