345 Bonnie Blue Ln · Burnside, KY 42518

$147,000

3 bd · 2.0 ba · 1,280 sqft · Other public records · 88 Days on market

Built 2009 0.38 ac lot $115/sqft · 28% below area Est $200k · 27% under

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Why this score? — see what drove the A- 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 +27.2/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.4/10.0
• 1% rule +7.4/10.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Just Wait Until You See This One! Fully Updated & Move-In Ready in Tara Subdivision! Welcome to this spacious 2009 double wide home offering 1,248 sq. ft. of finished living space, perfectly situated on a .38-acre lot in the highly sought-after Tara Subdivision! This beautifully refreshed home is truly turn-key and loaded with upgrades that provide both style and peace of mind. Enjoy a brand-new 2026 shingle roof with a 25-year warranty and new gutters with a 15-year warranty—big-ticket items already taken care of for the next owner. Step inside to a bright, modern interior featuring: • New laminate flooring throughout • New ceiling fans and updated light fixtures • A refreshed kitchen with new stove, refrigerator, microwave, sink, and faucet The home offers a desirable layout, split floor plan including a private master en suite, complete with a brand-new garden tub—perfect for relaxing after a long day. Both bathrooms have also been updated with new toilets. Stay comfortable year-round with a new central heat and air system, adding efficiency and reliability. Outside, the property continues to impress with a newly graveled driveway and parking area, a nicely landscaped yard, and a great storage shed with electric—ideal for a workshop, hobbies, or extra storage. Bonus: This home can be sold furnished, making it truly move-in ready or a fantastic investment opportunity! Nestled in a quiet, well-maintained neighborhood, this home offers the peaceful setting buyers are searching for while still being conveniently located. Don't miss your chance to own this fully updated, move-in ready home—schedule your showing today before it's gone!

Key facts

• New ceiling fans
• New gutters
• New shingle roof

Tags

• NEW SHINGLE ROOF
• NEW GUTTERS
• NEW LAMINATE FLOORING
• NEW CEILING FANS
• UPDATED LIGHT FIXTURES
• REFRESHED KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $147k.

Deal economics

• At list price, monthly cash flow is $353 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $147k).
• Recommended offer: $138k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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: 48 active listings in the ZIP; 117 units permitted in Pulaski County in 2024 (50 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $147k implies a 1370% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,180 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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: 1.24% ✓
• Cap rate: 9.72%
• Cash-on-cash: 12.22%
• DSCR: 1.54
• GRM: 6.7

CMA / ARV

• ARV (median comp): $200,120
• List price: $147,000
• Delta: -26.54%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.8%
• Equity multiple: 3.49×
• Total profit: $102,595
• Equity at exit: $132,429

10-year hold

• IRR: 27.5%
• Equity multiple: 7.91×
• Total profit: $284,594
• Equity at exit: $285,589

Cash invested: $41,160 (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 42518

• Active inventory: 48
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,817 medium
• Mortgage (P&I): −$771
• Tax est. 1.5%: −$184 /mo · $2,205/yr
• Insurance: −$61
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $353

Break-even live

Break-even rent $1,370

Max offer price $147,000

Occupancy floor 76%

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: $36,750
• Closing costs: $4,410
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $147,000 Active 88 DOM
2. 2026-06-17
   days on market $147,000 Active 87 DOM
3. 2026-06-16
   days on market $147,000 Active 86 DOM
4. 2026-06-15
   days on market $147,000 Active 85 DOM
5. 2026-06-13
   days on market $147,000 Active 83 DOM
6. 2026-06-12
   days on market $147,000 Active 82 DOM
7. 2026-06-09
   days on market $147,000 Active 79 DOM
8. 2026-06-08
   days on market $147,000 Active 78 DOM
9. 2026-06-07
   days on market $147,000 Active 77 DOM
10. 2026-06-07
    days on market $147,000 Active 76 DOM
11. 2026-06-04
    days on market $147,000 Active 73 DOM
12. 2026-06-02
    days on market $147,000 Active 72 DOM
13. 2026-06-01
    days on market $147,000 Active 71 DOM
14. 2026-05-31
    days on market $147,000 Active 70 DOM
15. 2026-05-31
    days on market $147,000 Active 69 DOM
16. 2026-04-18
    price $149,900 1730-char remark

    Show marketing remark (1730 chars)

    Just Wait Until You See This One! Fully Updated & Move-In Ready in Tara Subdivision! Welcome to this spacious 2009 double wide home offering 1,248 sq. ft. of finished living space, perfectly situated on a .38-acre lot in the highly sought-after Tara Subdivision! This beautifully refreshed home is truly turn-key and loaded with upgrades that provide both style and peace of mind. Enjoy a brand-new 2026 shingle roof with a 25-year warranty and new gutters with a 15-year warranty—big-ticket items already taken care of for the next owner. Step inside to a bright, modern interior featuring: • New laminate flooring throughout • New ceiling fans and updated light fixtures • A refreshed kitchen with new stove, refrigerator, microwave, sink, and faucet The home offers a desirable layout, split floor plan including a private master en suite, complete with a brand-new garden tub—perfect for relaxing after a long day. Both bathrooms have also been updated with new toilets. Stay comfortable year-round with a new central heat and air system, adding efficiency and reliability. Outside, the property continues to impress with a newly graveled driveway and parking area, a nicely landscaped yard, and a great storage shed with electric—ideal for a workshop, hobbies, or extra storage. Bonus: This home can be sold furnished, making it truly move-in ready or a fantastic investment opportunity! Nestled in a quiet, well-maintained neighborhood, this home offers the peaceful setting buyers are searching for while still being conveniently located. Don't miss your chance to own this fully updated, move-in ready home—schedule your showing today before it's gone!

17. 2026-04-16
    price $152,000 1730-char remark

    Show marketing remark (1730 chars)

    Just Wait Until You See This One! Fully Updated & Move-In Ready in Tara Subdivision! Welcome to this spacious 2009 double wide home offering 1,248 sq. ft. of finished living space, perfectly situated on a .38-acre lot in the highly sought-after Tara Subdivision! This beautifully refreshed home is truly turn-key and loaded with upgrades that provide both style and peace of mind. Enjoy a brand-new 2026 shingle roof with a 25-year warranty and new gutters with a 15-year warranty—big-ticket items already taken care of for the next owner. Step inside to a bright, modern interior featuring: • New laminate flooring throughout • New ceiling fans and updated light fixtures • A refreshed kitchen with new stove, refrigerator, microwave, sink, and faucet The home offers a desirable layout, split floor plan including a private master en suite, complete with a brand-new garden tub—perfect for relaxing after a long day. Both bathrooms have also been updated with new toilets. Stay comfortable year-round with a new central heat and air system, adding efficiency and reliability. Outside, the property continues to impress with a newly graveled driveway and parking area, a nicely landscaped yard, and a great storage shed with electric—ideal for a workshop, hobbies, or extra storage. Bonus: This home can be sold furnished, making it truly move-in ready or a fantastic investment opportunity! Nestled in a quiet, well-maintained neighborhood, this home offers the peaceful setting buyers are searching for while still being conveniently located. Don't miss your chance to own this fully updated, move-in ready home—schedule your showing today before it's gone!

18. 2026-03-21
    listed $154,900 Active 1730-char remark

    Show marketing remark (1730 chars)

    Just Wait Until You See This One! Fully Updated & Move-In Ready in Tara Subdivision! Welcome to this spacious 2009 double wide home offering 1,248 sq. ft. of finished living space, perfectly situated on a .38-acre lot in the highly sought-after Tara Subdivision! This beautifully refreshed home is truly turn-key and loaded with upgrades that provide both style and peace of mind. Enjoy a brand-new 2026 shingle roof with a 25-year warranty and new gutters with a 15-year warranty—big-ticket items already taken care of for the next owner. Step inside to a bright, modern interior featuring: • New laminate flooring throughout • New ceiling fans and updated light fixtures • A refreshed kitchen with new stove, refrigerator, microwave, sink, and faucet The home offers a desirable layout, split floor plan including a private master en suite, complete with a brand-new garden tub—perfect for relaxing after a long day. Both bathrooms have also been updated with new toilets. Stay comfortable year-round with a new central heat and air system, adding efficiency and reliability. Outside, the property continues to impress with a newly graveled driveway and parking area, a nicely landscaped yard, and a great storage shed with electric—ideal for a workshop, hobbies, or extra storage. Bonus: This home can be sold furnished, making it truly move-in ready or a fantastic investment opportunity! Nestled in a quiet, well-maintained neighborhood, this home offers the peaceful setting buyers are searching for while still being conveniently located. Don't miss your chance to own this fully updated, move-in ready home—schedule your showing today before it's gone!

19. 2009-05-13
    soldstatus $10,000

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $21,799
• − Mortgage interest: −$8,234
• − Property taxes: −$2,205
• − Insurance: −$1,532
• − Repairs & maintenance: −$1,744
• − Management: −$1,744
• − Depreciation: −$4,276
• Taxable income: $2,063
• Est. tax owed @ 24.0%: −$495
• After-tax cash flow: $3,738/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: 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): 2,946

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% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Serbian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 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: ▲ 111.57%
• Current HPI: 360.0351
• 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

+1399.0% since first listed

4 events — show timeline

• 2026-04-18 Price Changed $149,900 ImagineMLS
• 2026-04-16 Price Changed $152,000 ImagineMLS
• 2026-03-21 Listed $154,900 ImagineMLS
• 2009-05-13 Sold (Public Records) $10,000 Public Records

Property tax history

-0.1%/yr

Latest (2023): $241 · -1.4% YoY. Source: county tax records.