367 Ohio St · Lexington-Fayette, KY 40508

$145,000

3 bd · 1.0 ba · 1,292 sqft · SingleFamily public records · 56 Days on market

Built 1900 3,001 sqft lot Est $248k · 42% under

---

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 +7.5/10.0
• Rent growth +5.0/5.0
• Schools +3.4/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Turnkey investment producing $1,500/month, with expansion potential—up to 4 additional properties can be added to maximize cash flow.

Key facts

• 3,001 sq ft lot
• Built 1900
• Listed 56 days

Property features AI

Finance

• Other: Parcel number 12043800

Exterior

• Home design: Building area approximately 2,962 total square feet
• Exterior features: Shingle roof; Lot roughly 0.07 acres

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump
• Interior features: Heat pump for heating and cooling; Electric dryer hookup; Washer hookup
• Laundry & utility: Washer hookup; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $145,000 price doesn't fit this home's estimated sale value (~$248,064) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $549 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 3.8% in Lexington-Fayette — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Fayette County (urban): math 35% / reading 45% proficiency, ranked #27 of 165 in KY (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: William Wells Brown Elementary (math 8% / reading 12%, grade F, #648 of 676 statewide, top 98%, 308 students, 86% FRL); Lexington Trad Magnet School (math 11% / reading 29%, grade F, #206 of 217 statewide, top 95%, 296 students, 81% FRL); Frederick Douglass High School (math 36% / reading 42%, grade F, #51 of 254 statewide, top 21%, 1,667 students, 43% FRL) — zoned schools average 70% FRL vs 44% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 23% at this address vs 40% district-wide (-17 pts) — the specific schools serving this property underperform the Fayette County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+11.8%/yr); 82 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,036 units permitted in Fayette County in 2024 (542 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Fayette County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago 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 $36k; list at $145k implies a 308% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 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 1900 — 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: 1.25% ✓
• Cap rate: 10.84%
• Cash-on-cash: 16.23%
• DSCR: 1.72
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $248,064
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 Wilgus Ave	0.12mi	3/1.5	1,260 (-2%)	1mo	$242,500	$192	87
443 Chestnut St	0.11mi	3/1.0	1,144 (-12%)	1mo	$109,900	$96	75
432 Race St	0.19mi	3/2.5	1,380 (+7%)	2mo	$289,900	$210	72
380 Nelson Ave	0.40mi	3/2.0	1,252 (-3%)	2mo	$285,000	$228	71
117 W Fifth St	0.42mi	2/1.0 (-1)	1,286 (-0%)	8mo	$182,000	$142	68
336 Ohio St	0.06mi	2/1.0 (-1)	1,100 (-15%)	4mo	$159,990	$145	64
517 Goodloe St	0.25mi	2/1.5 (-1)	1,437 (+11%)	2mo	$318,000	$221	61
647 North Limestone	0.56mi	3/1.0	1,337 (+4%)	12mo	$236,500	$177	59
635 Breckenridge St	0.63mi	3/2.0	1,240 (-4%)	3mo	$100,000	$81	57
125 Rand Ave	0.40mi	3/2.0	1,130 (-12%)	10mo	$305,000	$270	49
559 Breckenridge St	0.54mi	3/2.0	1,180 (-9%)	11mo	$242,000	$205	47
265 E Loudon Ave	0.69mi	3/2.0	1,422 (+10%)	10mo	$237,000	$167	38

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 12.3%
• Equity multiple: 1.52×
• Total profit: $20,989
• Equity at exit: $21,620

10-year hold

• IRR: 24.7%
• Equity multiple: 3.63×
• Total profit: $106,632
• Equity at exit: $12,537

Cash invested: $40,600 (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 40508

• Rents YoY: 11.8%
• Active inventory: 82
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,809 high
• Mortgage (P&I): −$760
• Tax from tax record: −$59 /mo · $712/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $549

Break-even live

Break-even rent $1,114

Max offer price $145,000

Occupancy floor 65%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
425 Hawkins Ave Lexington, KY	3.0	1.5	1124	$1,570	$1.40	14d	1	0.14mi
434 N Martin Luther King Blvd #201 Lexington, KY	2.0	2.0	950	$1,450	$1.53	23d	1	0.20mi
236 Warnock St Lexington, KY	3.0	1.0	1028	$2,200	$2.14	23d	1	0.28mi
211 E Sixth St Lexington, KY	3.0	1.0	1400	$1,500	$1.07	23d	1	0.38mi
627 N Martin Luther King Blvd Lexington, KY	4.0	2.0	1440	$1,400	$0.97	23d	1	0.44mi
658 Elm Tree Ln Lexington, KY	3.0	2.0	1350	$1,800	$1.33	23d	1	0.45mi
231 Walton Ave Unit 206 Lexington, KY	2.0	2.0	1178	$1,700	$1.44	23d	1	0.50mi
706 Lancaster Ave Lexington, KY	3.0	3.0	1050	$1,495	$1.42	14d	1	0.53mi
111 Woodland Ave #309 Lexington, KY	2.0	2.0	1833	$3,300	$1.80	23d	1	0.55mi
120 E Main St Lexington, KY	2.0	1.0–2.0	710	$2,486	$3.50	14d	20	0.55mi
222 W Sixth St Lexington, KY	3.0	1.5	1050	$1,150	$1.10	23d	1	0.56mi
444 N Broadway Lexington, KY	3.0	1.0	1160	$1,595	$1.38	23d	1	0.57mi
143 Woodland Ave Lexington, KY	2.0	1.0	1100	$1,650	$1.50	23d	1	0.63mi
341 Grosvenor Ave Unit 3 Lexington, KY	3.0	3.0	875	$2,500	$2.86	23d	1	0.68mi
170 E Loudon Ave Unit 2 Lexington, KY	3.0	1.0	1500	$1,350	$0.90	23d	1	0.71mi
161 E Loudon Ave Lexington, KY	2.0	1.0	1118	$1,300	$1.16	23d	1	0.74mi
261 S Limestone #303 Lexington, KY	2.0	2.0	1102	$2,995	$2.72	23d	1	0.79mi
275 S Limestone #135 Lexington, KY	3.0	2.0	1142	$2,950	$2.58	14d	1	0.80mi
275 S Limestone #140 Lexington, KY	2.0	2.0	1578	$4,700	$2.98	23d	1	0.80mi
275 S Limestone #115 Lexington, KY	2.0	2.0	1010	$2,500	$2.48	23d	1	0.80mi
444 Jefferson St Unit A Lexington, KY	2.0	2.0	1220	$1,950	$1.60	14d	1	0.84mi
355 S Broadway #305 Lexington, KY	2.0	2.0	1436	$2,900	$2.02	23d	1	0.90mi
115 W Loudon Ave Unit L97 Lexington, KY	3.0	2.0	960	$980	$1.02	23d	1	0.90mi
345 Blackburn Ave Lexington, KY	2.0	2.0	946	$1,925	$2.03	14d	1	0.96mi
303 Owsley Ave Lexington, KY	3.0	2.0	1188	$2,100	$1.77	14d	1	1.01mi
302 Owsley Ave Lexington, KY	4.0	1.0	1025	$1,895	$1.85	23d	1	1.04mi
374 Park Ave Lexington, KY	4.0	2.0	1513	$3,500	$2.31	14d	1	1.05mi
324 Hillcrest Ave Unit Z1 Lexington, KY	3.0	2.0	1550	$1,499	$0.97	21d	1	1.07mi
330 Newtown Pike Lexington, KY	1.0–3.0	1.0–2.0	976	$1,377	$1.41	23d	1	1.08mi
585 S Upper St #114 Lexington, KY	2.0	2.0	1000	$1,995	$2.00	23d	1	1.10mi
832 W High St Unit 1 Lexington, KY	3.0	1.5	900	$1,400	$1.56	23d	1	1.15mi
161 Preston Ave #3 Lexington, KY	2.0	1.0	900	$1,500	$1.67	14d	1	1.17mi
1211 N Limestone Lexington, KY	3.0	1.0	1300	$1,050	$0.81	23d	1	1.18mi
458 Morgan Ave Lexington, KY	3.0	1.0	1275	$1,325	$1.04	23d	1	1.21mi
723 Charles Ave Lexington, KY	3.0	1.0	992	$1,300	$1.31	14d	1	1.22mi
411 Morgan Ave Lexington, KY	3.0	2.0	1160	$1,600	$1.38	21d	1	1.22mi
1105 Sparks Rd Lexington, KY	3.0	1.0	1302	$1,575	$1.21	23d	1	1.23mi
232 Bassett Ave Lexington, KY	2.0	1.0	989	$1,495	$1.51	14d	1	1.24mi
132 Bassett Ave Lexington, KY	3.0	2.0	1850	$2,900	$1.57	21d	1	1.28mi
443 Shawnee Ave Lexington, KY	4.0	1.0	1435	$1,600	$1.11	23d	1	1.29mi

Listing history 33 events

1. 2026-06-18
   days on market $145,000 Active 56 DOM
2. 2026-06-17
   days on market $145,000 Active 55 DOM
3. 2026-06-16
   days on market $145,000 Active 54 DOM
4. 2026-06-15
   days on market $145,000 Active 53 DOM
5. 2026-06-14
   days on market $145,000 Active 51 DOM
6. 2026-06-13
   days on market $145,000 Active 50 DOM
7. 2026-06-10
   days on market $145,000 Active 48 DOM
8. 2026-06-09
   days on market $145,000 Active 47 DOM
9. 2026-06-08
   days on market $145,000 Active 46 DOM
10. 2026-06-07
    days on market $145,000 Active 45 DOM
11. 2026-06-05
    days on market $145,000 Active 42 DOM
12. 2026-06-03
    days on market $145,000 Active 41 DOM
13. 2026-06-02
    days on market $145,000 Active 40 DOM
14. 2026-06-01
    days on market $145,000 Active 39 DOM
15. 2026-05-31
    days on market $145,000 Active 38 DOM
16. 2026-05-06
    price $145,000
17. 2026-04-23
    listed $149,999 Active
18. 2022-11-19
    historical
19. 2022-06-29
    price $150,000
20. 2022-06-22
    price $155,000
21. 2022-05-26
    price $160,000
22. 2022-05-06
    listed $175,000 Active
23. 2021-07-07
    historical
24. 2021-06-07
    listed $93,000 Active
25. 2021-05-18
    status Pending
26. 2021-05-17
    historical
27. 2021-04-15
    price $95,000
28. 2021-04-15
    status Active
29. 2021-03-26
    historical Contingent
30. 2021-02-10
    listed $100,000 Active
31. 2019-05-16
    historical
32. 2019-04-20
    soldstatus $35,500 Sold
33. 2019-04-19
    listed $50,000 Active

ⓘ 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: $712 · $59/mo
• Projected year-2 tax: $1,247 · $104/mo
• Expected delta: +$535/yr (+$45/mo · 75.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $21,710
• − Mortgage interest: −$8,122
• − Property taxes: −$712
• − Insurance: −$725
• − Repairs & maintenance: −$1,737
• − Management: −$1,737
• − Depreciation: −$4,218
• Taxable income: $4,459
• Est. tax owed @ 24.0%: −$1,070
• After-tax cash flow: $5,519/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: Fayette County
• NCES district ID: 2101860
• Math proficiency: 35% ▼ -16.00%
• Reading proficiency: 45% ▼ -13.00%
• Median HH income: $49,245
• Composite: 34.38/100
• National rank: #5211
• State rank: #27 of 165 in KY

Livability — Lexington-Fayette

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Lexington-Fayette, KY
• County: Fayette County · 317,143 people
• City population: 321,882
• Metro: Lexington-Fayette, KY
• Population (ZIP): 23,756
• Household income: $29,440
• Rent vs Own: 70.5% rent · 29.5% own
• Severe rent burden: 2644.0

Population outlook (Fayette County) Hauer SSP2

• Today (2025): 363,454 people
• By 2030: 388,270 · +6.8%
• By 2040: 438,688 · +20.7%
• By 2050: 490,667 · +35.0%
• By 2075: 625,394 · +72.1%
• By 2100: 721,354 · +98.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 60% Black 22% Hispanic / Latino 9% Two or more races 7% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Serbian 2% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 8% Chinese 1% Other Indo-European 1%

Political lean MEDSL · Fayette

• 2024 margin: D (+18.1) · D 58.0% · R 39.9% · Other 2.1%
• 2008→2024 swing: +13.3pp toward D · 2008: 4.8pp · 2024: 18.1pp
• All cycles: 2024: D+18.1 2020: D+20.8 2016: D+9.5 2012: D+1.0 2008: D+4.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -251.04%
• Current HPI: 204.3994
• Rent YoY: ▲ 11.83%
• Metro: Lexington-Fayette, 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

+190.0% since first listed

18 events — show timeline

• 2026-05-06 Price Changed $145,000 ImagineMLS
• 2026-04-23 Listed $149,999 ImagineMLS
• 2022-11-19 Listing Removed — ImagineMLS
• 2022-06-29 Price Changed $150,000 ImagineMLS
• 2022-06-22 Price Changed $155,000 ImagineMLS
• 2022-05-26 Price Changed $160,000 ImagineMLS
• 2022-05-06 Listed $175,000 ImagineMLS
• 2021-07-07 Listing Removed — ImagineMLS
• 2021-06-07 Listed $93,000 ImagineMLS
• 2021-05-18 Pending — ImagineMLS
• 2021-05-17 Listing Removed — ImagineMLS
• 2021-04-15 Price Changed $95,000 ImagineMLS
• 2021-04-15 Relisted — ImagineMLS
• 2021-03-26 Contingent — ImagineMLS
• 2021-02-10 Listed $100,000 ImagineMLS
• 2019-05-16 Listing Removed — ImagineMLS
• 2019-04-20 Sold (MLS) $35,500 ImagineMLS
• 2019-04-19 Listed $50,000 ImagineMLS

Property tax history

+1.8%/yr

Latest (2015): $712 · +1.8% YoY. Source: county tax records.