707 Dornell St · Owensboro, KY 42301

$99,999

3 bd · 1.0 ba · 800 sqft · SingleFamily public records · 53 Days on market

Built 1955 5,000 sqft lot $125/sqft · 26% below area Est $136k · 26% 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 +24.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.4/10.0
• Livability +3.6/5.0
• 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

Great starter home or good investment property! Move-in condition! Priced for quick sell.

Key facts

• 5,000 sq ft lot
• Garage
• Built 1955

Property features AI

Exterior

• Parking: Garage (1 car); Gravel parking
• Utilities: Public water; Public sewer; Cable available; Natural gas available
• Home design: Single-family residence; One story; Residential property; Located in the Scottish Heights subdivision
• Construction: Vinyl siding; Composition roof; Slab foundation; Approximately 800 above-grade finished square feet
• Exterior features: Fenced yard; Level lot

Interior

• Kitchen: Range; Refrigerator
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Eat-in kitchen
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.1% in Owensboro — 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 (#148 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: employment D+, crime D-, amenities F.
• Owensboro Independent (urban): math 27% / reading 36% proficiency, ranked #100 of 165 in KY (top 61%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Cravens Elementary School (math 17% / reading 22%, grade F, #572 of 676 statewide, top 88%, 370 students, 92% FRL); Owensboro Middle School (math 25% / reading 34%, grade F, #151 of 217 statewide, top 71%, 807 students, 74% FRL); Owensboro High School (math 30% / reading 40%, grade F, #74 of 254 statewide, top 29%, 1,334 students, 58% FRL).
• Market conditions: 297 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 226 units permitted in Daviess County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Daviess County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y 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 $46k; list at $100k implies a 117% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $96,999 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 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 1955 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.14% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.92%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (median comp): $135,637
• List price: $99,999
• Delta: -26.27%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
737 Jed Pl	0.08mi	3/1.0	800 (0%)	1mo	$117,000	$146	96
716 Dornell St	0.03mi	3/1.0	800 (0%)	11mo	$141,000	$176	90
736 Jed Pl	0.06mi	3/1.0	800 (0%)	13mo	$127,900	$160	87
501 Jed Pl	0.17mi	3/1.0	864 (+8%)	0mo	$147,000	$170	78
601 Jeff Pl	0.30mi	3/1.0	864 (+8%)	3mo	$143,000	$166	70
2514 Cravens Ave	0.43mi	2/1.0 (-1)	756 (-6%)	6mo	$120,000	$159	61
1151 Carter Rd	0.43mi	3/1.0	886 (+11%)	4mo	$130,500	$147	59
622 Ridgewood St	0.27mi	3/1.0	910 (+14%)	9mo	$176,000	$193	57
2107 West 6th St	0.64mi	2/1.0 (-1)	840 (+5%)	2mo	$81,000	$96	55
1333 Carter Rd	0.63mi	3/1.0	864 (+8%)	8mo	$150,000	$174	50
3407 Hummingbird Loop South Loop	0.49mi	2/2.0 (-1)	876 (+10%)	6mo	$167,400	$191	47
2421 W 8th St	0.50mi	2/1.0 (-1)	728 (-9%)	15mo	$26,000	$36	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.8%
• Equity multiple: 0.90×
• Total profit: $-2,935
• Equity at exit: $14,910

10-year hold

• IRR: 6.9%
• Equity multiple: 1.52×
• Total profit: $14,578
• Equity at exit: $8,646

Cash invested: $28,000 (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 42301

• Home prices YoY: -31.0%
• Active inventory: 297
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,138 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,500/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $208

Break-even live

Break-even rent $875

Max offer price $99,999

Occupancy floor 77%

Sensitivity live

Price	-10% $277	-5% $243	+0% $208	+5% $174	+10% $139
Rent	-10% $118	-5% $163	+0% $208	+5% $253	+10% $298
Rate	-1.0pp $258	-0.5pp $234	base $208	+0.5pp $182	+1.0pp $156

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1202 Hutch Ln Unit A Owensboro, KY	2.0	1.0	989	$825	$0.83	14d	1	0.60mi
201 Heartwood Ct Unit B5 Owensboro, KY	2.0	1.0	655	$945	$1.44	21d	1	0.86mi
225 Heartwood Ct Unit 11 Owensboro, KY	2.0	1.0	700	$945	$1.35	21d	1	0.88mi
225 Heartwood Ct Unit 3 Owensboro, KY	2.0	1.0	700	$925	$1.32	21d	1	0.88mi
225 Heartwood Ct Apt 7 Owensboro, KY	2.0	1.0	700	$925	$1.32	44d	1	0.89mi
200 Heartwood Ct Unit 8 Owensboro, KY	2.0	1.0	700	$925	$1.32	21d	1	0.89mi
250 Heartwood Ct Unit 1 Owensboro, KY	2.0	1.0	690	$945	$1.37	14d	1	0.92mi

Listing history 19 events

1. 2026-06-19
   days on market $99,999 Active 53 DOM
2. 2026-06-18
   days on market $99,999 Active 52 DOM
3. 2026-06-17
   days on market $99,999 Active 51 DOM
4. 2026-06-16
   days on market $99,999 Active 50 DOM
5. 2026-06-15
   days on market $99,999 Active 49 DOM
6. 2026-06-14
   days on market $99,999 Active 47 DOM
7. 2026-06-13
   days on market $99,999 Active 46 DOM
8. 2026-06-10
   days on market $99,999 Active 44 DOM
9. 2026-06-09
   days on market $99,999 Active 43 DOM
10. 2026-06-08
    days on market $99,999 Active 42 DOM
11. 2026-06-07
    days on market $99,999 Active 41 DOM
12. 2026-06-05
    days on market $99,999 Active 38 DOM
13. 2026-06-02
    days on market $99,999 Active 36 DOM
14. 2026-06-01
    days on market $99,999 Active 35 DOM
15. 2026-05-31
    days on market $99,999 Active 34 DOM
16. 2026-05-30
    days on market $99,999 Active 33 DOM
17. 2026-04-27
    listed $99,999 Active 51-char remark
18. 2013-04-30
    soldstatus $46,000 89-char remark

    Show marketing remark (89 chars)

    Great starter home or good investment property! Move-in condition! Priced for quick sell.

19. 2012-10-19
    listed $55,500 89-char remark

    Show marketing remark (89 chars)

    Great starter home or good investment property! Move-in condition! Priced for quick sell.

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,658
• − Mortgage interest: −$5,601
• − Property taxes: −$1,500
• − Insurance: −$500
• − Repairs & maintenance: −$1,093
• − Management: −$1,093
• − Depreciation: −$2,909
• Taxable income: $962
• Est. tax owed @ 24.0%: −$231
• After-tax cash flow: $2,266/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: Owensboro Independent
• NCES district ID: 2104590
• Math proficiency: 27% ▼ -16.00%
• Reading proficiency: 36% ▼ -14.00%
• Median HH income: $33,020
• Composite: 25.79/100
• National rank: #7364
• State rank: #100 of 165 in KY

Livability — Owensboro

• Score: 71/100
• State rank: #148
• US rank: #7153

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Owensboro, KY
• County: Daviess County · 87,564 people
• City population: 87,564
• Metro: Owensboro, KY
• Population (ZIP): 45,445
• Household income: $66,885
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 1228.0

Population outlook (Daviess County) Hauer SSP2

• Today (2025): 103,810 people
• By 2030: 105,722 · +1.8%
• By 2040: 108,731 · +4.7%
• By 2050: 110,295 · +6.2%
• By 2075: 113,056 · +8.9%
• By 2100: 106,257 · +2.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 6% Two or more races 5% Hispanic / Latino 4% Asian 3%
• Common ancestry: Slovak 3% Italian 1% Romanian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 2%

Political lean MEDSL · Daviess

• 2024 margin: Solid R (+31.9) · D 33.3% · R 65.2% · Other 1.5%
• 2008→2024 swing: -21.8pp toward R · 2008: -10.1pp · 2024: -31.9pp
• All cycles: 2024: R+31.9 2020: R+27.9 2016: R+32.2 2012: R+21.1 2008: R+10.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.96%
• Current HPI: 238.2395
• Rent YoY: —
• Metro: Owensboro, 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

+80.2% since first listed

3 events — show timeline

• 2026-04-27 Listed $99,999 GORAMLS
• 2013-04-30 Sold (MLS) $46,000 GORAMLS
• 2012-10-19 Listed $55,500 GORAMLS

Property tax history

-11.1%/yr

Latest (2025): $188 · -3.3% YoY. Source: county tax records.