11 Dalton Ln · Burnside, KY 42503

$499,900

2 bd · 2.0 ba · 1,000 sqft · MultiFamily · 224 Days on market

Fair condition 2.06 ac lot ↓ 17% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

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

**Investment Opportunity: Own a Thriving Multi-Family Portfolio!** Discover an unparalleled investment opportunity with this impressive multi-family property, featuring **11 diverse units** Located just minutes from the local boatramp, this portfolio caters to both adventurous spirits and those seeking a serene retreat. - **Diverse Unit Mix:** With 11 units varying in age and size, this property offers a unique blend of living spaces that appeal to a wide range of tenants ensuring consistent occupancy and maximizing your rental income. - **Proven Rental History:** This property boasts an impressive rental income of **$5500 per month**. You can invest with confidence. - **Prime Location:** Just minutes from a popular boatramp, your tenants will enjoy easy access to outdoor adventures, making this property an irresistible choice for water enthusiasts. Not to far away is a variety of dining, shopping, and recreational opportunities. - **Investment-Grade Features:** This multi-family portfolio is not just about the numbers; it's about the potential for growth. With opportunities for value-add renovations, you can increase rental rates and property appreciation over time. The varying ages and sizes of the units mean that there's room for strategic upgrades to enhance tenant appeal. - **Property Management Potential:** If you're new to real estate investment or looking to expand your portfolio, this property can be easily managed. With established systems in place, you can focus on growing your investments while enjoying peace of mind knowing that your property is in good hands. **Why Invest in This Multi-Family Portfolio?** - **Cash Flow Positive:** Generate significant income right from day one with a strong rental history. - **Strategic Growth:** Opportunities for renovations and upgrades to further enhance value. - **Community Amenities:** Proximity to parks, dining, and recreational facilities enrich the tenant experience. Investing in real estate is not just about acquiring property; it's about securing your financial future. Don't miss this incredible opportunity to own a piece of a thriving rental market.

Key facts

• Diverse unit mix
• Community amenities
• Prime location

Tags

• MULTI FAMILY PROPERTY
• DIVERSE UNIT MIX
• PRIME LOCATION
• INVESTMENT GRADE FEATURES
• COMMUNITY AMENITIES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath multifamily listed at $500k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $5k ($58k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($10k rent vs $500k).
• Recommended offer: $440k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.8% vs local median 3.0% in Burnside — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#141 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D+, amenities F, commute F.
• Pulaski County (town): math 43% / reading 53% proficiency, ranked #17 of 165 in KY (top 10%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 293 active listings in the ZIP; 117 units permitted in Pulaski County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $140k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 224 days — a 12% lower offer ($440k) is reasonable based on typical stale-listing flexibility.

Recommended offer $439,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 224 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 2.09% ✓
• Cap rate: 17.80%
• Cash-on-cash: 41.10%
• DSCR: 2.83
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 37.6%
• Equity multiple: 2.60×
• Total profit: $224,465
• Equity at exit: $74,537

10-year hold

• IRR: 44.2%
• Equity multiple: 5.21×
• Total profit: $589,239
• Equity at exit: $43,222

Cash invested: $139,972 (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 42503

• Home prices YoY: -8.4%
• Active inventory: 293
• Price-to-rent: 43.9×

Monthly cashflow live

• Estimated rent: $10,441 medium
• Mortgage (P&I): −$2,622
• Tax est. 1.5%: −$625 /mo · $7,498/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,193
• Net cashflow: $4,794

Break-even live

Break-even rent $4,373

Max offer price $499,900

Occupancy floor 49%

Sensitivity live

Price	-10% $5,139	-5% $4,966	+0% $4,794	+5% $4,621	+10% $4,448
Rent	-10% $3,969	-5% $4,381	+0% $4,794	+5% $5,206	+10% $5,619
Rate	-1.0pp $5,045	-0.5pp $4,921	base $4,794	+0.5pp $4,664	+1.0pp $4,532

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

Units	Beds	Baths	Est. rent
▸ 11× units	2	2	$10,439
Total (11 units)			$10,441

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: $124,975
• Closing costs: $14,997
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $499,900 Active 224 DOM
2. 2026-06-18
   days on market $499,900 Active 222 DOM
3. 2026-06-17
   days on market $499,900 Active 221 DOM
4. 2026-06-16
   days on market $499,900 Active 220 DOM
5. 2026-06-15
   days on market $499,900 Active 219 DOM
6. 2026-06-13
   days on market $499,900 Active 217 DOM
7. 2026-06-12
   days on market $499,900 Active 216 DOM
8. 2026-06-09
   days on market $499,900 Active 213 DOM
9. 2026-06-08
   days on market $499,900 Active 212 DOM
10. 2026-06-07
    days on market $499,900 Active 211 DOM
11. 2026-06-07
    days on market $499,900 Active 210 DOM
12. 2026-06-04
    days on market $499,900 Active 207 DOM
13. 2026-06-02
    days on market $499,900 Active 206 DOM
14. 2026-06-01
    days on market $499,900 Active 205 DOM
15. 2026-05-31
    days on market $499,900 Active 204 DOM
16. 2026-05-31
    days on market $499,900 Active 203 DOM
17. 2026-04-30
    price $499,900 2153-char remark

    Show marketing remark (2153 chars)

    **Investment Opportunity: Own a Thriving Multi-Family Portfolio!** Discover an unparalleled investment opportunity with this impressive multi-family property, featuring **11 diverse units** Located just minutes from the local boatramp, this portfolio caters to both adventurous spirits and those seeking a serene retreat. - **Diverse Unit Mix:** With 11 units varying in age and size, this property offers a unique blend of living spaces that appeal to a wide range of tenants ensuring consistent occupancy and maximizing your rental income. - **Proven Rental History:** This property boasts an impressive rental income of **$5500 per month**. You can invest with confidence. - **Prime Location:** Just minutes from a popular boatramp, your tenants will enjoy easy access to outdoor adventures, making this property an irresistible choice for water enthusiasts. Not to far away is a variety of dining, shopping, and recreational opportunities. - **Investment-Grade Features:** This multi-family portfolio is not just about the numbers; it's about the potential for growth. With opportunities for value-add renovations, you can increase rental rates and property appreciation over time. The varying ages and sizes of the units mean that there's room for strategic upgrades to enhance tenant appeal. - **Property Management Potential:** If you're new to real estate investment or looking to expand your portfolio, this property can be easily managed. With established systems in place, you can focus on growing your investments while enjoying peace of mind knowing that your property is in good hands. **Why Invest in This Multi-Family Portfolio?** - **Cash Flow Positive:** Generate significant income right from day one with a strong rental history. - **Strategic Growth:** Opportunities for renovations and upgrades to further enhance value. - **Community Amenities:** Proximity to parks, dining, and recreational facilities enrich the tenant experience. Investing in real estate is not just about acquiring property; it's about securing your financial future. Don't miss this incredible opportunity to own a piece of a thriving rental market.

18. 2026-01-24
    price $550,000 2153-char remark

    Show marketing remark (2153 chars)

    **Investment Opportunity: Own a Thriving Multi-Family Portfolio!** Discover an unparalleled investment opportunity with this impressive multi-family property, featuring **11 diverse units** Located just minutes from the local boatramp, this portfolio caters to both adventurous spirits and those seeking a serene retreat. - **Diverse Unit Mix:** With 11 units varying in age and size, this property offers a unique blend of living spaces that appeal to a wide range of tenants ensuring consistent occupancy and maximizing your rental income. - **Proven Rental History:** This property boasts an impressive rental income of **$5500 per month**. You can invest with confidence. - **Prime Location:** Just minutes from a popular boatramp, your tenants will enjoy easy access to outdoor adventures, making this property an irresistible choice for water enthusiasts. Not to far away is a variety of dining, shopping, and recreational opportunities. - **Investment-Grade Features:** This multi-family portfolio is not just about the numbers; it's about the potential for growth. With opportunities for value-add renovations, you can increase rental rates and property appreciation over time. The varying ages and sizes of the units mean that there's room for strategic upgrades to enhance tenant appeal. - **Property Management Potential:** If you're new to real estate investment or looking to expand your portfolio, this property can be easily managed. With established systems in place, you can focus on growing your investments while enjoying peace of mind knowing that your property is in good hands. **Why Invest in This Multi-Family Portfolio?** - **Cash Flow Positive:** Generate significant income right from day one with a strong rental history. - **Strategic Growth:** Opportunities for renovations and upgrades to further enhance value. - **Community Amenities:** Proximity to parks, dining, and recreational facilities enrich the tenant experience. Investing in real estate is not just about acquiring property; it's about securing your financial future. Don't miss this incredible opportunity to own a piece of a thriving rental market.

19. 2025-10-30
    listed $599,900 Active 2153-char remark

    Show marketing remark (2153 chars)

    **Investment Opportunity: Own a Thriving Multi-Family Portfolio!** Discover an unparalleled investment opportunity with this impressive multi-family property, featuring **11 diverse units** Located just minutes from the local boatramp, this portfolio caters to both adventurous spirits and those seeking a serene retreat. - **Diverse Unit Mix:** With 11 units varying in age and size, this property offers a unique blend of living spaces that appeal to a wide range of tenants ensuring consistent occupancy and maximizing your rental income. - **Proven Rental History:** This property boasts an impressive rental income of **$5500 per month**. You can invest with confidence. - **Prime Location:** Just minutes from a popular boatramp, your tenants will enjoy easy access to outdoor adventures, making this property an irresistible choice for water enthusiasts. Not to far away is a variety of dining, shopping, and recreational opportunities. - **Investment-Grade Features:** This multi-family portfolio is not just about the numbers; it's about the potential for growth. With opportunities for value-add renovations, you can increase rental rates and property appreciation over time. The varying ages and sizes of the units mean that there's room for strategic upgrades to enhance tenant appeal. - **Property Management Potential:** If you're new to real estate investment or looking to expand your portfolio, this property can be easily managed. With established systems in place, you can focus on growing your investments while enjoying peace of mind knowing that your property is in good hands. **Why Invest in This Multi-Family Portfolio?** - **Cash Flow Positive:** Generate significant income right from day one with a strong rental history. - **Strategic Growth:** Opportunities for renovations and upgrades to further enhance value. - **Community Amenities:** Proximity to parks, dining, and recreational facilities enrich the tenant experience. Investing in real estate is not just about acquiring property; it's about securing your financial future. Don't miss this incredible opportunity to own a piece of a thriving rental market.

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥103°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $125,292
• − Mortgage interest: −$28,002
• − Property taxes: −$7,498
• − Insurance: −$2,500
• − Repairs & maintenance: −$10,023
• − Management: −$10,023
• − Depreciation: −$14,543
• Taxable income: $52,703
• Est. tax owed @ 24.0%: −$12,649
• After-tax cash flow: $44,876/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 · 12 photos

Fair 45/100 Moderate rehab

This multi-family property requires moderate renovations to improve its condition and increase its value. Repairs to the roof, exterior siding, HVAC system, and interior walls are necessary to enhance its curb appeal and rental value.

Repairs flagged

• Major roof — Significant wear and potential leaks
• Major exterior siding — Severe weathering
• Major HVAC system — Visible rust and wear
• Major interior walls — Peeling paint and wear

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace HVAC system — Improves comfort and energy efficiency
• Both Replace roof — Prevents leaks and enhances value
• Both Paint interior walls — Enhances interior appearance and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Significant wear and potential leaks	Major	$15,000–50,000
exterior siding · Severe weathering	Major	$15,000–50,000
HVAC system · Visible rust and wear	Major	$15,000–50,000
interior walls · Peeling paint and wear	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace HVAC system — Improves comfort and energy efficiency ↑
• Both Replace roof — Prevents leaks and enhances value ↑
• Both Paint interior walls — Enhances interior appearance and value ↑

ⓘ 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: Pulaski County
• NCES district ID: 2104950
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 53% ▼ -13.00%
• Median HH income: $35,366
• Composite: 39.69/100
• National rank: #3906
• State rank: #17 of 165 in KY

Livability — Burnside

• Score: 71/100
• State rank: #141
• US rank: #6774

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 25,638

Population outlook (Pulaski County) Hauer SSP2

• Today (2025): 65,414 people
• By 2030: 65,828 · +0.6%
• By 2040: 65,972 · +0.9%
• By 2050: 65,108 · -0.5%
• By 2075: 61,647 · -5.8%
• By 2100: 53,613 · -18.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 2% Asian 1%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Pulaski

• 2024 margin: Solid R (+65.2) · D 16.9% · R 82.1% · Other 1.0%
• 2008→2024 swing: -9.9pp toward R · 2008: -55.4pp · 2024: -65.2pp
• All cycles: 2024: R+65.2 2020: R+62.7 2016: R+66.7 2012: R+60.5 2008: R+55.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.16%
• Current HPI: 294.5958
• 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

-16.7% since first listed

3 events — show timeline

• 2026-04-30 Price Changed $499,900 ImagineMLS
• 2026-01-24 Price Changed $550,000 ImagineMLS
• 2025-10-30 Listed $599,900 ImagineMLS