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 after they are released.  If you are a serious investor, you should call now for an inspection!  Call Clark @ (859) 321-6618

This deeply, discounted investment property needs work but it will cash-flow like CRAZY! 

 BUY & HOLD
 After Repair Value = $70,000
 Purchase Price = $38,000
 Rehab = $17,600 ($16 per SF, Full Rehab)
 Closing = $760 (2% Purchase Price)
 Total Investment = $56,360
 Instant Equity = $13,640 (19.5% Equity)

 Rent = $700/mo
 Mortgage (80% Total Investment = $45,088, 20yr @ 5%) = $298/mo
 Taxes = $71/mo (Est)
 Insurance = $31/mo (Est)

 HOA Fee = $70/mo
 Management = $56/mo (8% Rent)
 Reserve Fund = $56/mo (8% Rent)
 Monthly Profit = $118
 Yearly Profit = $1,416
 Cash on Cash Return = 1,416/(0.20*56,360) = 12.6% (Assuming an 80% Loan to Purchase Refinance)
 24.5% Cash on Cash Return w/o Management or Reserves!

 FIX & FLIP
 After Repair Value = $70,000
 Total Investment = $56,360
 Spread = $13,640

 Holding Cost = $1,691 (Based on 90 day sale @1% per month)
 Real Profit = $11,949

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.