Another great deal from Bluegrass Investment Properties. This property can become your next cash flowing rental for your portfolio. 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
BUY & HOLD
Purchase Price = $18,800
Rehab = $8,000 (Flooring, paint, misc. updates, etc.)
Closing = $376 (2% Purchase Price)
Total Investment = $27,176
Rent = $500/mo
Mortgage (80% Total Investment = $21,741, 20yr @ 5%) = $143/mo
Taxes = $15/mo (Est)
Insurance = $10/mo (Est)
Management = $40/mo (8% Rent)
Reserve Fund = $40/mo (8% Rent)
Monthly Profit = $252
Yearly Profit = $3,024
Cash on Cash Return = 3,024/(0.20*27,176) = 55.6% (Assuming an 80% LTV Refinance)
73.3% Cash on Cash Return w/o Management or Reserves!
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.