67 Old Cal Hl Rd · Pine Knot, KY 42635

$289,900

4 bd · 4.0 ba · 2,000 sqft · MultiFamily · 97 Days on market

Built 1997 Good condition 1.70 ac lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Appreciation +4.3/10.0
• Condition / age +3.8/5.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Totally Remodeled Investment Opportunity! Introducing a fantastic income-producing property perfectly located just off Hwy 27. This versatile multi-unit property features four rental units, offering an excellent opportunity for investors looking to expand their portfolio or become their own landlord. The property includes two 1-bedroom units and two efficiency units, providing flexible rental options that appeal to a variety of tenants. All of the units have been recently updated, creating a fresh, modern, and welcoming living space. Major exterior improvements include updated windows, doors, and siding, along with a durable metal roof designed for longevity and low maintenance. Currently generating $3,000+ per month in rental income, this property offers strong cash-flow potential. Tenants will appreciate the ample parking available, a highly desirable feature for multi-unit properties. Conveniently located near local amenities, schools, and public transportation, this property combines location, upgrades, and income potential—making it a standout investment opportunity. Don't miss your chance to own this high-demand rental property!

Key facts

• Updated siding
• Updated windows
• Updated doors

Tags

• INVESTMENT OPPORTUNITY
• MULTI-UNIT PROPERTY
• FLEXIBLE RENTAL OPTIONS
• UPDATED WINDOWS
• UPDATED DOORS
• UPDATED SIDING

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath multifamily listed at $290k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $290k).
• Recommended offer: $264k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 52/100 on livability (#494 in KY) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, housing A-; Watch: amenities F, commute F, employment F.
• Mccreary County (rural): math 22% / reading 35% proficiency, ranked #135 of 165 in KY (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 18 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $2k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• McCreary County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($264k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $180k; list at $290k implies a 61% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $263,809 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.56%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $244
• Equity at exit: $63,327

10-year hold

• IRR: 7.3%
• Equity multiple: 1.67×
• Total profit: $54,123
• Equity at exit: $60,983

Cash invested: $81,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kentucky: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit (URLTA cities); generally landlord-friendly.

Methodology + full state rankings →

ZIP-level market 42635

• Home prices YoY: -0.9%
• Active inventory: 18
• Price-to-rent: 31.2×

Monthly cashflow live

• Estimated rent: $3,098 medium
• Mortgage (P&I): −$1,520
• Tax est. 1.5%: −$362 /mo · $4,348/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$651
• Net cashflow: $444

Break-even live

Break-even rent $2,536

Max offer price $289,900

Occupancy floor 81%

Sensitivity live

Price	-10% $644	-5% $544	+0% $444	+5% $344	+10% $244
Rent	-10% $199	-5% $322	+0% $444	+5% $566	+10% $689
Rate	-1.0pp $590	-0.5pp $518	base $444	+0.5pp $369	+1.0pp $292

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$3,096
Total (4 units)			$3,098

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $72,475
• Closing costs: $8,697
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $289,900 Active 97 DOM
2. 2026-06-21
   days on market $289,900 Active 96 DOM
3. 2026-06-18
   days on market $289,900 Active 94 DOM
4. 2026-06-17
   days on market $289,900 Active 93 DOM
5. 2026-06-16
   days on market $289,900 Active 92 DOM
6. 2026-06-15
   days on market $289,900 Active 91 DOM
7. 2026-06-13
   days on market $289,900 Active 89 DOM
8. 2026-06-12
   days on market $289,900 Active 88 DOM
9. 2026-06-09
   days on market $289,900 Active 85 DOM
10. 2026-06-08
    days on market $289,900 Active 84 DOM
11. 2026-06-07
    days on market $289,900 Active 83 DOM
12. 2026-06-07
    days on market $289,900 Active 82 DOM
13. 2026-06-04
    days on market $289,900 Active 79 DOM
14. 2026-06-02
    days on market $289,900 Active 78 DOM
15. 2026-06-01
    days on market $289,900 Active 77 DOM
16. 2026-05-31
    days on market $289,900 Active 76 DOM
17. 2026-05-31
    days on market $289,900 Active 75 DOM
18. 2026-03-28
    price $289,900 1164-char remark

    Show marketing remark (1164 chars)

    Totally Remodeled Investment Opportunity! Introducing a fantastic income-producing property perfectly located just off Hwy 27. This versatile multi-unit property features four rental units, offering an excellent opportunity for investors looking to expand their portfolio or become their own landlord. The property includes two 1-bedroom units and two efficiency units, providing flexible rental options that appeal to a variety of tenants. All of the units have been recently updated, creating a fresh, modern, and welcoming living space. Major exterior improvements include updated windows, doors, and siding, along with a durable metal roof designed for longevity and low maintenance. Currently generating $3,000+ per month in rental income, this property offers strong cash-flow potential. Tenants will appreciate the ample parking available, a highly desirable feature for multi-unit properties. Conveniently located near local amenities, schools, and public transportation, this property combines location, upgrades, and income potential—making it a standout investment opportunity. Don't miss your chance to own this high-demand rental property!

19. 2026-03-16
    listed $299,900 Active 1164-char remark

    Show marketing remark (1164 chars)

    Totally Remodeled Investment Opportunity! Introducing a fantastic income-producing property perfectly located just off Hwy 27. This versatile multi-unit property features four rental units, offering an excellent opportunity for investors looking to expand their portfolio or become their own landlord. The property includes two 1-bedroom units and two efficiency units, providing flexible rental options that appeal to a variety of tenants. All of the units have been recently updated, creating a fresh, modern, and welcoming living space. Major exterior improvements include updated windows, doors, and siding, along with a durable metal roof designed for longevity and low maintenance. Currently generating $3,000+ per month in rental income, this property offers strong cash-flow potential. Tenants will appreciate the ample parking available, a highly desirable feature for multi-unit properties. Conveniently located near local amenities, schools, and public transportation, this property combines location, upgrades, and income potential—making it a standout investment opportunity. Don't miss your chance to own this high-demand rental property!

20. 2025-05-27
    soldstatus $180,000 Closed 1072-char remark

    Show marketing remark (1072 chars)

    Introducing a fantastic investment opportunity , perfectly nestled just off Hwy 27. This versatile listing includes four rental units, providing a lucrative chance to become your own landlord. Two units boast a comfortable 1-bedroom layout, while the other two are efficiency units, catering to a variety of tenants' needs. Recent updates in two of the units enhance their appeal, ensuring a contemporary and welcoming atmosphere. Also the windows, doors and siding has all been updated. Highlighted by its durable metal roof, this property promises longevity and low maintenance, allowing you to focus on maximizing your investment. Enjoy a consistent rental income of $2200 per month, a solid return that makes this an ideal addition to any property portfolio. Ample parking spaces provide convenience for tenants and guests alike, a highly sought-after feature. Located in a vibrant area, this property offers easy access to local amenities, schools, and public transport. Don't miss out on this exceptional chance to secure a high-demand rental property! Owner Agent

21. 2025-03-17
    status Pending 1072-char remark

    Show marketing remark (1072 chars)

    Introducing a fantastic investment opportunity , perfectly nestled just off Hwy 27. This versatile listing includes four rental units, providing a lucrative chance to become your own landlord. Two units boast a comfortable 1-bedroom layout, while the other two are efficiency units, catering to a variety of tenants' needs. Recent updates in two of the units enhance their appeal, ensuring a contemporary and welcoming atmosphere. Also the windows, doors and siding has all been updated. Highlighted by its durable metal roof, this property promises longevity and low maintenance, allowing you to focus on maximizing your investment. Enjoy a consistent rental income of $2200 per month, a solid return that makes this an ideal addition to any property portfolio. Ample parking spaces provide convenience for tenants and guests alike, a highly sought-after feature. Located in a vibrant area, this property offers easy access to local amenities, schools, and public transport. Don't miss out on this exceptional chance to secure a high-demand rental property! Owner Agent

22. 2025-03-03
    listed $219,900 Active 1072-char remark

    Show marketing remark (1072 chars)

    Introducing a fantastic investment opportunity , perfectly nestled just off Hwy 27. This versatile listing includes four rental units, providing a lucrative chance to become your own landlord. Two units boast a comfortable 1-bedroom layout, while the other two are efficiency units, catering to a variety of tenants' needs. Recent updates in two of the units enhance their appeal, ensuring a contemporary and welcoming atmosphere. Also the windows, doors and siding has all been updated. Highlighted by its durable metal roof, this property promises longevity and low maintenance, allowing you to focus on maximizing your investment. Enjoy a consistent rental income of $2200 per month, a solid return that makes this an ideal addition to any property portfolio. Ample parking spaces provide convenience for tenants and guests alike, a highly sought-after feature. Located in a vibrant area, this property offers easy access to local amenities, schools, and public transport. Don't miss out on this exceptional chance to secure a high-demand rental property! Owner Agent

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥101°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,176
• − Mortgage interest: −$16,239
• − Property taxes: −$4,348
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,974
• − Management: −$2,974
• − Depreciation: −$8,433
• Taxable income: $757
• Est. tax owed @ 24.0%: −$182
• After-tax cash flow: $5,146/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab

This multi-family property is in good condition with recent updates, making it a solid investment opportunity.

Value-add opportunities

• Both Painting exterior — Enhances curb appeal and value
• Both Landscaping — Improves curb appeal and rental appeal
• Both Add a small front porch — Enhances curb appeal and rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior — Enhances curb appeal and value ↑
• Both Landscaping — Improves curb appeal and rental appeal ↑
• Both Add a small front porch — Enhances curb appeal and rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mccreary County
• NCES district ID: 2103990
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 35% ▼ -19.00%
• Median HH income: $22,071
• Composite: 22.24/100
• National rank: #8147
• State rank: #135 of 165 in KY

Livability — Pine Knot

• Score: 52/100
• State rank: #494
• US rank: #24988

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing A- Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pine Knot, KY
• Population (ZIP): 4,789

Population outlook (McCreary County) Hauer SSP2

• Today (2025): 17,097 people
• By 2030: 16,678 · -2.5%
• By 2040: 15,626 · -8.6%
• By 2050: 14,467 · -15.4%
• By 2075: 11,665 · -31.8%
• By 2100: 9,268 · -45.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 21% Hispanic / Latino 5% Two or more races 2%
• Common ancestry: Slovak 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · McCreary

• 2024 margin: Solid R (+78.7) · D 10.3% · R 89.0%
• 2008→2024 swing: -26.6pp toward R · 2008: -52.1pp · 2024: -78.7pp
• All cycles: 2024: R+78.7 2020: R+76.7 2016: R+75.3 2012: R+61.3 2008: R+52.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.48%
• Current HPI: 154.4984
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

Industry mix (Fortune 500 HQ in KY)

Industry	F500 HQs	Revenue
▸Healthcare	1	$118B
▸Food / Beverage	1	$7B

Price history

+31.8% since first listed

5 events — show timeline

• 2026-03-28 Price Changed $289,900 ImagineMLS
• 2026-03-16 Listed $299,900 ImagineMLS
• 2025-05-27 Sold (MLS) $180,000 ImagineMLS
• 2025-03-17 Pending — ImagineMLS
• 2025-03-03 Listed $219,900 ImagineMLS