463 Chestnut Street, Lexington, KY 40508


Year Built:  1910

Square Footage:  1060

Bedrooms:  3

Bathrooms:  1

Floors:  1

Parking:  Street

Lot Size:  0.0803 acres

As-Is Cash Price:  $18,800

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

 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.