110 Hardin Ct · Taylorsville, KY 40071

$197,500

3 bd · 1.0 ba · 1,232 sqft · Other · 6 Days on market

Built 1960 $160/sqft · at area comps Est $203k · at est.

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Why this score? — see what drove the C+ 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 +26.3/30.0
• DSCR +9.0/10.0
• ARV discount +8.8/15.0
• 1% rule +6.0/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home! This beautifully remodeled 3-bedroom, 1-bath gem is nestled in the heart of the highly sought-after Taylorsville School District — just minutes from the Marina! Why rent when you can own and start building equity of your own? Fresh neutral paint and modern updates throughout make this home truly move-in ready. Every inch has been thoughtfully upgraded with all-new windows, doors, plumbing, flooring (including subfloor & joists), siding, gutters & fascia, cabinets, counters, light fixtures, and ceiling fans. Updated systems, timeless finishes, and a prime location — this one checks every box. Priced below previously appraised value, this is an opportunit

Key facts

• Remodeled
• All-new doors
• All-new flooring

Tags

• REMODELED
• MINUTES FROM THE MARINA
• ALL-NEW WINDOWS
• ALL-NEW DOORS
• ALL-NEW PLUMBING
• ALL-NEW FLOORING

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Driveway
• Utilities: Electricity connected; Natural gas available; Propane available
• Home design: Single-family residence, Bungalow style; 2 stories; Built in 1960; Crawl space foundation; Shingle roof; Vinyl siding exterior
• Construction: Built in 1960; Vinyl siding construction; Shingle roof; Crawl space foundation
• Exterior features: No fencing; Easement

Interior

• Kitchen: Kitchen on the first floor; Dining area on the first floor
• Bedrooms: 3 bedrooms, all on the first floor
• Bathrooms: 1 full bathroom on the first floor
• Heating & cooling: Forced air heating (natural gas and propane); 1 HVAC unit; Central air cooling; 1 cooling unit
• Interior features: 8 total rooms; 3 closets; No basement; Easement on the lot
• Laundry & utility: Laundry room on the first floor; First-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $198k.

Deal economics

• At list price, monthly cash flow is $513 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $198k).
• Cap rate 9.4% vs local median 4.0% in Taylorsville — 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 (#149 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: amenities F, commute F, employment F.
• Spencer County (rural): math 41% / reading 46% proficiency, ranked #18 of 165 in KY (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 114 active listings in the ZIP; 126 units permitted in Spencer County in 2024 (0 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 $6k of value loss. Plan a longer hold.
• Spencer County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 25y 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

• 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 $197,500

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.10% ✓
• Cap rate: 9.41%
• Cash-on-cash: 11.13%
• DSCR: 1.50
• GRM: 7.6

CMA / ARV

• ARV (median comp): $203,398
• List price: $197,500
• Delta: -2.90%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 0.3%
• Equity multiple: 1.01×
• Total profit: $595
• Equity at exit: $29,448

10-year hold

• IRR: 9.9%
• Equity multiple: 1.76×
• Total profit: $42,300
• Equity at exit: $17,076

Cash invested: $55,300 (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 40071

• Home prices YoY: -13.4%
• Active inventory: 114
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,167 medium
• Mortgage (P&I): −$1,036
• Tax from tax record: −$81 /mo · $969/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $513

Break-even live

Break-even rent $1,517

Max offer price $197,500

Occupancy floor 71%

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: $49,375
• Closing costs: $5,925
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-18
   status Pending 720-char remark
2. 2026-05-11
   listed $197,500 Active 720-char remark
3. 2025-12-22
   price $182,500
4. 2025-12-16
   price $197,900
5. 2025-11-17
   price $215,000
6. 2025-07-15
   soldstatus $425,000
7. 2001-07-18
   historical
8. 2001-01-22
   listed $68,500
9. 1998-10-01
   soldstatus $44,000

ⓘ 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: $969 · $81/mo
• Projected year-2 tax: $1,698 · $142/mo
• Expected delta: +$730/yr (+$61/mo · 75.4%)

ⓘ 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 (shaded) · 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,999
• − Mortgage interest: −$11,063
• − Property taxes: −$969
• − Insurance: −$988
• − Repairs & maintenance: −$2,080
• − Management: −$2,080
• − Depreciation: −$5,745
• Taxable income: $3,075
• Est. tax owed @ 24.0%: −$738
• After-tax cash flow: $5,417/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: Spencer County
• NCES district ID: 2105490
• Math proficiency: 41% ▼ -14.00%
• Reading proficiency: 46% ▼ -19.00%
• Median HH income: $64,167
• Composite: 38.74/100
• National rank: #4125
• State rank: #18 of 165 in KY

Livability — Taylorsville

• Score: 71/100
• State rank: #149
• US rank: #7189

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylorsville, KY
• Population (ZIP): 16,702

Population outlook (Spencer County) Hauer SSP2

• Today (2025): 20,077 people
• By 2030: 21,008 · +4.6%
• By 2040: 22,560 · +12.4%
• By 2050: 23,480 · +16.9%
• By 2075: 25,222 · +25.6%
• By 2100: 25,550 · +27.3%

Race, ethnicity, and origin ACS 2023

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

Political lean MEDSL · Spencer

• 2024 margin: Solid R (+56.7) · D 21.0% · R 77.8% · Other 1.2%
• 2008→2024 swing: -21.2pp toward R · 2008: -35.5pp · 2024: -56.7pp
• All cycles: 2024: R+56.7 2020: R+54.3 2016: R+55.5 2012: R+37.7 2008: R+35.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.62%
• Current HPI: 274.9283
• 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

+348.9% since first listed

9 events — show timeline

• 2026-05-18 Pending — Metro Search MLS
• 2026-05-11 Listed $197,500 Metro Search MLS
• 2025-12-22 Price Changed $182,500 Metro Search MLS
• 2025-12-16 Price Changed $197,900 Metro Search MLS
• 2025-11-17 Price Changed $215,000 Metro Search MLS
• 2025-07-15 Sold (Public Records) $425,000 Public Records
• 2001-07-18 Listing Removed — Metro Search MLS
• 2001-01-22 Listed $68,500 Metro Search MLS
• 1998-10-01 Sold (Public Records) $44,000 Public Records

Property tax history

+12.4%/yr

Latest (2025): $969 · +253.2% YoY. Source: county tax records.