103 Springfield Rd · Bloomfield, KY 40008

$149,000

5 bd · 2.0 ba · 2,160 sqft · SingleFamily public records · 23 Days on market

Built 1948 ↓ 17% since listing

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Why this score? — see what drove the D+ 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 +16.7/30.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• 1% rule +4.7/10.0
• Livability +3.4/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 103 Springfield. This absolutely charming Colonial has been a staple home in Bloomfield since 1948. With almost 3000 SF, 5 bedrooms and 1.5 baths, space will not be an issue. The home greets you with attractive curb appeal and features a relaxing front porch to watch the town's happenings, or a massive new back deck for more privacy overlooking the creek. Upon entry you'll notice the attractive staircase and foyer. Beautiful hardwood floors are present throughout most of the home. NEW ROOF just installed and newer windows in the home as well. This home is solid and still has a lot of the original character of its era. The main level offers the primary bedroom, kitchen, living and dining room, and a half bath. Laundry is on the enclosed back porch on the main level as well. The second level holds 4 other bedrooms and a full bath. With some new paint and updating to the bathrooms and kitchen, this home could be magazine worthy. All exterior renovations have already been completed. This home is huge and has HUGE potential, several rooms could be turned into other things. Your imagination can go wild in this home. Other great things about this home are that is has a cellar in the back that could be used as a wine cellar or anything you desired, an attached garage with an additional driveway and a black top driveway. The home currently has an oil furnace that works fine with a half tank of oil to convey to the new owner. This is your chance to own that old Colonial that you have always dreamed of without breaking the bank. Seller/owner is a licensed Realtor. Seller is offering up to $500 paid toward a home warranty for the buyer. Schedule a private showing today!

Key facts

• Colonial style home
• Historic maysville
• Grand white columns

Tags

• COLONIAL STYLE HOME
• GRAND WHITE COLUMNS
• CLASSIC ARCHITECTURAL DETAILS
• ORIGINAL HARDWOOD FLOORS
• DECORATIVE FIREPLACE MANTELS
• HISTORIC MAYSVILLE

Property features AI

Finance

• Other: No subdivision (listed as NONE)
• HOA & community: No association fees; no monthly maintenance

Exterior

• Parking: Attached garage; Driveway parking; 1 garage space
• Utilities: Electricity connected; Other utilities (unspecified); Waterfront listed as present
• Home design: Single-family residence; Colonial architectural style; 2 stories
• Construction: Built in 1948; Vinyl siding and stone exterior; Shingle roof; Crawl space foundation
• Exterior features: No specific exterior amenities listed; Cleared lot

Interior

• Kitchen: First-floor kitchen; Separate dining room on the first floor
• Bedrooms: 5 bedrooms total; Primary bedroom on the first floor; Four additional bedrooms on the second floor
• Bathrooms: 1 full bathroom on the second floor; 1 half bathroom on the first floor
• Heating & cooling: Heating present; Cooling via wall/window unit(s); One HVAC unit reported
• Interior features: Two fireplaces (one on each level); Foyer; Total of 10 rooms (12 total room count reported); 7 closets; Cellar and partial/no basement listed
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $27 ($319/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (2.6% below list).
• Recommended offer: $145k (2.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#209 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Nelson County (rural): math 23% / reading 36% proficiency, ranked #97 of 165 in KY (top 59%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bloomfield Elementary School (math 32% / reading 27%, grade F, #393 of 676 statewide, top 63%, 250 students, 59% FRL); Bloomfield Middle School (math 24% / reading 39%, grade F, #125 of 217 statewide, top 63%, 352 students, 40% FRL); Nelson County High School (math 22% / reading 37%, grade F, #127 of 254 statewide, top 58%, 784 students, 42% FRL) — zoned schools at 47% FRL track the district average.
• Market conditions: 39 active listings in the ZIP; 210 units permitted in Nelson County in 2024 (15 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.
• Nelson County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood 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 $145,172 (2.6% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.97% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.68%
• DSCR: 1.12
• GRM: 8.6

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: -15.0%
• Equity multiple: 0.46×
• Total profit: $-22,373
• Equity at exit: $22,216

10-year hold

• IRR: -6.3%
• Equity multiple: 0.59×
• Total profit: $-16,985
• Equity at exit: $12,883

Cash invested: $41,720 (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 40008

• Home prices YoY: -4.4%
• Active inventory: 39
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,452 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$210 /mo · $2,524/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $27

Break-even live

Break-even rent $1,418

Max offer price $149,000

Occupancy floor 93%

Sensitivity live

Price	-10% $111	-5% $69	+0% $27	+5% $-16	+10% $-58
Rent	-10% $-88	-5% $-31	+0% $27	+5% $84	+10% $141
Rate	-1.0pp $102	-0.5pp $64	base $27	+0.5pp $-12	+1.0pp $-51

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-22
   days on market $149,000 Active 23 DOM
2. 2026-06-18
   days on market $149,000 Active 20 DOM
3. 2026-06-17
   days on market $149,000 Active 19 DOM
4. 2026-06-16
   days on market $149,000 Active 18 DOM
5. 2026-06-15
   days on market $149,000 Active 17 DOM
6. 2026-06-14
   days on market $149,000 Active 15 DOM
7. 2026-06-13
   days on market $149,000 Active 14 DOM
8. 2026-06-10
   days on market $149,000 Active 12 DOM
9. 2026-06-09
   days on market $149,000 Active 11 DOM
10. 2026-06-08
    days on market $149,000 Active 10 DOM
11. 2026-06-07
    days on market $149,000 Active 9 DOM
12. 2026-06-03
    days on market $149,000 Active 5 DOM
13. 2026-06-02
    days on market $149,000 Active 4 DOM
14. 2026-06-01
    days on market $149,000 Active 3 DOM
15. 2026-05-31
    days on market $149,000 Active 2 DOM
16. 2026-05-27
    listed $149,000 Active
17. 2023-01-24
    soldstatus $189,000 Closed 1697-char remark

    Show marketing remark (1697 chars)

    Welcome to 103 Springfield. This absolutely charming Colonial has been a staple home in Bloomfield since 1948. With almost 3000 SF, 5 bedrooms and 1.5 baths, space will not be an issue. The home greets you with attractive curb appeal and features a relaxing front porch to watch the town's happenings, or a massive new back deck for more privacy overlooking the creek. Upon entry you'll notice the attractive staircase and foyer. Beautiful hardwood floors are present throughout most of the home. NEW ROOF just installed and newer windows in the home as well. This home is solid and still has a lot of the original character of its era. The main level offers the primary bedroom, kitchen, living and dining room, and a half bath. Laundry is on the enclosed back porch on the main level as well. The second level holds 4 other bedrooms and a full bath. With some new paint and updating to the bathrooms and kitchen, this home could be magazine worthy. All exterior renovations have already been completed. This home is huge and has HUGE potential, several rooms could be turned into other things. Your imagination can go wild in this home. Other great things about this home are that is has a cellar in the back that could be used as a wine cellar or anything you desired, an attached garage with an additional driveway and a black top driveway. The home currently has an oil furnace that works fine with a half tank of oil to convey to the new owner. This is your chance to own that old Colonial that you have always dreamed of without breaking the bank. Seller/owner is a licensed Realtor. Seller is offering up to $500 paid toward a home warranty for the buyer. Schedule a private showing today!

18. 2022-11-23
    status Pending 1697-char remark

    Show marketing remark (1697 chars)

    Welcome to 103 Springfield. This absolutely charming Colonial has been a staple home in Bloomfield since 1948. With almost 3000 SF, 5 bedrooms and 1.5 baths, space will not be an issue. The home greets you with attractive curb appeal and features a relaxing front porch to watch the town's happenings, or a massive new back deck for more privacy overlooking the creek. Upon entry you'll notice the attractive staircase and foyer. Beautiful hardwood floors are present throughout most of the home. NEW ROOF just installed and newer windows in the home as well. This home is solid and still has a lot of the original character of its era. The main level offers the primary bedroom, kitchen, living and dining room, and a half bath. Laundry is on the enclosed back porch on the main level as well. The second level holds 4 other bedrooms and a full bath. With some new paint and updating to the bathrooms and kitchen, this home could be magazine worthy. All exterior renovations have already been completed. This home is huge and has HUGE potential, several rooms could be turned into other things. Your imagination can go wild in this home. Other great things about this home are that is has a cellar in the back that could be used as a wine cellar or anything you desired, an attached garage with an additional driveway and a black top driveway. The home currently has an oil furnace that works fine with a half tank of oil to convey to the new owner. This is your chance to own that old Colonial that you have always dreamed of without breaking the bank. Seller/owner is a licensed Realtor. Seller is offering up to $500 paid toward a home warranty for the buyer. Schedule a private showing today!

19. 2022-11-21
    listed $189,900 Active 1697-char remark

    Show marketing remark (1697 chars)

    Welcome to 103 Springfield. This absolutely charming Colonial has been a staple home in Bloomfield since 1948. With almost 3000 SF, 5 bedrooms and 1.5 baths, space will not be an issue. The home greets you with attractive curb appeal and features a relaxing front porch to watch the town's happenings, or a massive new back deck for more privacy overlooking the creek. Upon entry you'll notice the attractive staircase and foyer. Beautiful hardwood floors are present throughout most of the home. NEW ROOF just installed and newer windows in the home as well. This home is solid and still has a lot of the original character of its era. The main level offers the primary bedroom, kitchen, living and dining room, and a half bath. Laundry is on the enclosed back porch on the main level as well. The second level holds 4 other bedrooms and a full bath. With some new paint and updating to the bathrooms and kitchen, this home could be magazine worthy. All exterior renovations have already been completed. This home is huge and has HUGE potential, several rooms could be turned into other things. Your imagination can go wild in this home. Other great things about this home are that is has a cellar in the back that could be used as a wine cellar or anything you desired, an attached garage with an additional driveway and a black top driveway. The home currently has an oil furnace that works fine with a half tank of oil to convey to the new owner. This is your chance to own that old Colonial that you have always dreamed of without breaking the bank. Seller/owner is a licensed Realtor. Seller is offering up to $500 paid toward a home warranty for the buyer. Schedule a private showing today!

20. 2022-11-16
    historical
21. 2022-08-02
    listed $199,900 Active
22. 2018-05-08
    historical
23. 2017-05-30
    listed $109,900
24. 2016-06-30
    historical
25. 2015-09-21
    listed $129,000
26. 2013-11-29
    historical
27. 2013-09-30
    listed $179,000

ⓘ 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: $2,524 · $210/mo
• Projected year-2 tax: $2,524 · $210/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,421
• − Mortgage interest: −$8,346
• − Property taxes: −$2,524
• − Insurance: −$1,542
• − Repairs & maintenance: −$1,394
• − Management: −$1,394
• − Depreciation: −$4,335
• Taxable loss: −$2,114
• Est. tax savings @ 24.0%: +$507
• After-tax cash flow: $827/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: Nelson County
• NCES district ID: 2104410
• Math proficiency: 23% ▼ -17.00%
• Reading proficiency: 36% ▼ -18.00%
• Median HH income: $54,290
• Composite: 26.15/100
• National rank: #7274
• State rank: #97 of 165 in KY

Livability — Bloomfield

• Score: 67/100
• State rank: #209
• US rank: #10277

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bloomfield, KY
• Population (ZIP): 3,718

Population outlook (Nelson County) Hauer SSP2

• Today (2025): 48,436 people
• By 2030: 49,780 · +2.8%
• By 2040: 51,737 · +6.8%
• By 2050: 52,395 · +8.2%
• By 2075: 52,271 · +7.9%
• By 2100: 47,277 · -2.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 2% Black 2%
• Common ancestry: Serbian 4% Portuguese 3% Lithuanian 2%
• Foreign-born: 0% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Nelson

• 2024 margin: Solid R (+41.8) · D 28.5% · R 70.3% · Other 1.2%
• 2008→2024 swing: -28.1pp toward R · 2008: -13.7pp · 2024: -41.8pp
• All cycles: 2024: R+41.8 2020: R+36.6 2016: R+33.7 2012: R+16.5 2008: R+13.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -12.57%
• Current HPI: 274.8448
• 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

-16.8% since first listed

12 events — show timeline

• 2026-05-27 Listed $149,000 Metro Search MLS
• 2023-01-24 Sold (MLS) $189,000 Metro Search MLS
• 2022-11-23 Pending — Metro Search MLS
• 2022-11-21 Listed $189,900 Metro Search MLS
• 2022-11-16 Listing Removed — Metro Search MLS
• 2022-08-02 Listed $199,900 Metro Search MLS
• 2018-05-08 Listing Removed — Metro Search MLS
• 2017-05-30 Listed $109,900 Metro Search MLS
• 2016-06-30 Listing Removed — Metro Search MLS
• 2015-09-21 Listed $129,000 Metro Search MLS
• 2013-11-29 Listing Removed — Metro Search MLS
• 2013-09-30 Listed $179,000 Metro Search MLS

Property tax history

+10.7%/yr

Latest (2025): $2,524 · +72.6% YoY. Source: county tax records.