500 Diecks Dr · Elizabethtown, KY 42701

$85,000

2 bd · 1.0 ba · 876 sqft · SingleFamily public records · 44 Days on market

Built 1953 7,405 sqft lot Est $166k · 49% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 500 Diecks Dr, Elizabethtown, KY - the perfect opportunity for both savvy investors and buyers ready to create their dream home. This 2-bedroom, 1-bathroom property features a charming front porch, an attached one-car garage, and is nestled in a rapidly growing neighborhood. Situated close to the hospital and popular amenities, this home offers both convenience and potential. Whether you're looking to renovate and flip, transform it into an income-producing rental, or make it your own, this property is a blank slate waiting for your vision. The neighborhood has become a hot spot for home renovations and investments, making this a fantastic opportunity to get in while the market is thriving. Sold as-is, this home invites you to unlock its potential and make it your own. Schedule your showing today and see how this property can fit your goals!

Key facts

• 7,405 sq ft lot
• Built 1953
• Listed 43 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding
• Exterior features: Shingle roof

Interior

• Kitchen: Range; Oven; Refrigerator
• Flooring: Hardwood; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Natural gas heating
• Interior features: Range, Oven, Refrigerator; Gas water heater
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.8% vs local median 3.4% in Elizabethtown — 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 72/100 on livability (#131 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: employment D, amenities F, commute F.
• Elizabethtown Independent (urban): math 26% / reading 45% proficiency, ranked #66 of 165 in KY (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.3%/yr); 539 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 946 units permitted in Hardin County in 2024 (464 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hardin County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $24k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $18k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $82,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.45% ✓
• Cap rate: 12.80%
• Cash-on-cash: 23.25%
• DSCR: 2.03
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $165,564
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
506 Diecks Dr	0.03mi	2/1.0	846 (-3%)	8mo	$153,000	$181	86
417 Moninda Ln	0.17mi	2/1.0	885 (+1%)	8mo	$101,064	$114	83
521 Monin Rd	0.20mi	3/1.0 (+1)	925 (+6%)	0mo	$91,300	$99	76
221 Mantle Ave	0.43mi	2/1.0	832 (-5%)	2mo	$185,500	$223	70
512 Village Dr	0.07mi	2/1.0	750 (-14%)	4mo	$153,000	$204	69
518 Village Dr	0.08mi	2/1.0	750 (-14%)	8mo	$165,000	$220	66
513 Diecks Dr	0.06mi	2/1.0	750 (-14%)	10mo	$120,000	$160	65
404 Diecks Dr	0.04mi	3/1.0 (+1)	1,002 (+14%)	7mo	$165,000	$165	64
218 N Mantle Ave	0.43mi	2/1.0	832 (-5%)	10mo	$179,900	$216	64
533 Lee Rd	0.16mi	2/1.0	750 (-14%)	8mo	$172,500	$230	62
626 N Miles St	0.54mi	3/1.0 (+1)	1,000 (+14%)	8mo	$182,600	$183	40
517 Henry St	0.66mi	3/1.0 (+1)	1,000 (+14%)	2mo	$189,000	$189	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.32% rent growth · sell at horizon

5-year hold

• IRR: 16.6%
• Equity multiple: 1.67×
• Total profit: $15,965
• Equity at exit: $12,674

10-year hold

• IRR: 25.3%
• Equity multiple: 3.24×
• Total profit: $53,255
• Equity at exit: $7,349

Cash invested: $23,800 (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 42701

• Home prices YoY: -29.8%
• Rents YoY: 3.3%
• Active inventory: 539
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,234 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$33 /mo · $391/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $461

Break-even live

Break-even rent $650

Max offer price $85,000

Occupancy floor 58%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
900 David Ct Elizabethtown, KY	1.0–2.0	1.0–1.5	780	$985	$1.26	44d	15	0.85mi
206 Cole Gray Blvd Elizabethtown, KY	2.0–3.0	1.5–2.5	1730	$1,399	$0.81	3d	1	1.18mi

Listing history 30 events

1. 2026-06-19
   days on market $85,000 Active 44 DOM
2. 2026-06-18
   days on market $85,000 Active 43 DOM
3. 2026-06-17
   days on market $85,000 Active 42 DOM
4. 2026-06-16
   days on market $85,000 Active 41 DOM
5. 2026-06-15
   days on market $85,000 Active 40 DOM
6. 2026-06-14
   days on market $85,000 Active 38 DOM
7. 2026-06-13
   remarks 585-char remark
8. 2026-06-13
   pricedays on market $85,000 Active 37 DOM
9. 2026-06-10
   days on market $98,000 Active 35 DOM
10. 2026-06-09
    days on market $98,000 Active 34 DOM
11. 2026-06-08
    days on market $98,000 Active 33 DOM
12. 2026-06-07
    days on market $98,000 Active 32 DOM
13. 2026-06-05
    days on market $98,000 Active 29 DOM
14. 2026-06-02
    days on market $98,000 Active 27 DOM
15. 2026-06-01
    days on market $98,000 Active 26 DOM
16. 2026-05-31
    days on market $98,000 Active 25 DOM
17. 2026-05-30
    days on market $98,000 Active 24 DOM
18. 2026-05-18
    price $98,000
19. 2026-05-06
    listed $103,000 Active
20. 2025-02-07
    soldstatus $100,000
21. 2025-02-06
    soldstatus $100,000 Closed 873-char remark

    Show marketing remark (22 chars)

    entered for comps only

22. 2025-02-06
    soldstatus $100,000 22-char remark

    Show marketing remark (22 chars)

    entered for comps only

23. 2025-01-23
    status Pending 873-char remark

    Show marketing remark (22 chars)

    entered for comps only

24. 2025-01-23
    listed $100,000 22-char remark

    Show marketing remark (22 chars)

    entered for comps only

25. 2025-01-22
    listed $100,000 Active 873-char remark

    Show marketing remark (873 chars)

    Welcome to 500 Diecks Dr, Elizabethtown, KY - the perfect opportunity for both savvy investors and buyers ready to create their dream home. This 2-bedroom, 1-bathroom property features a charming front porch, an attached one-car garage, and is nestled in a rapidly growing neighborhood. Situated close to the hospital and popular amenities, this home offers both convenience and potential. Whether you're looking to renovate and flip, transform it into an income-producing rental, or make it your own, this property is a blank slate waiting for your vision. The neighborhood has become a hot spot for home renovations and investments, making this a fantastic opportunity to get in while the market is thriving. Sold as-is, this home invites you to unlock its potential and make it your own. Schedule your showing today and see how this property can fit your goals!

26. 2016-06-17
    soldstatus $58,000
27. 2016-06-17
    soldstatus $58,000
28. 2016-06-06
    soldstatus $58,000
29. 2016-04-27
    listed $58,000
30. 2016-04-27
    listed $58,000

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

Tax reassessment forecast KY · Resets to sale price

• Current annual tax: $391 · $33/mo
• Projected year-2 tax: $731 · $61/mo
• Expected delta: +$340/yr (+$28/mo · 86.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $14,808
• − Mortgage interest: −$4,761
• − Property taxes: −$391
• − Insurance: −$425
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$2,473
• Taxable income: $4,388
• Est. tax owed @ 24.0%: −$1,053
• After-tax cash flow: $4,480/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.

Schools (NCES district)

• District: Elizabethtown Independent
• NCES district ID: 2101650
• Math proficiency: 26% ▼ -25.00%
• Reading proficiency: 45% ▼ -17.00%
• Median HH income: $36,400
• Composite: 29.39/100
• National rank: #6526
• State rank: #66 of 165 in KY

Livability — Elizabethtown

• Score: 72/100
• State rank: #131
• US rank: #6198

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elizabethtown, KY
• County: Hardin County · 77,611 people
• City population: 53,987
• Metro: Elizabethtown-Fort Knox, KY
• Population (ZIP): 53,987
• Household income: $69,619
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1663.0

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 105,573 people
• By 2030: 103,563 · -1.9%
• By 2040: 97,077 · -8.0%
• By 2050: 88,367 · -16.3%
• By 2075: 65,405 · -38.0%
• By 2100: 42,245 · -60.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 9% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Italian 3% Slovak 2% Romanian 2%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 3% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Hardin

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: -8.7pp toward R · 2008: -20.6pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+24.0 2016: R+30.2 2012: R+20.8 2008: R+20.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.94%
• Current HPI: 228.7091
• Rent YoY: ▲ 3.32%
• Metro: Elizabethtown-Fort Knox, KY
• 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

+69.0% since first listed

13 events — show timeline

• 2026-05-18 Price Changed $98,000 HKARMLS
• 2026-05-06 Listed $103,000 HKARMLS
• 2025-02-07 Sold (Public Records) $100,000 Public Records
• 2025-02-06 Sold (MLS) $100,000 HKARMLS
• 2025-02-06 Sold (MLS) $100,000 ImagineMLS
• 2025-01-23 Pending — ImagineMLS
• 2025-01-23 Listed $100,000 HKARMLS
• 2025-01-22 Listed $100,000 ImagineMLS
• 2016-06-17 Sold (MLS) $58,000 HKARMLS
• 2016-06-17 Sold (MLS) $58,000 Metro Search MLS
• 2016-06-06 Sold (Public Records) $58,000 Public Records
• 2016-04-27 Listed $58,000 HKARMLS
• 2016-04-27 Listed $58,000 Metro Search MLS

Property tax history

-3.6%/yr

Latest (2025): $391 · -4.3% YoY. Source: county tax records.