148 Applewood Ln · Radcliff, KY 42701

$230,000

2 bd · 2.0 ba · 1,192 sqft · MultiFamily public records · 10 Days on market

Built 2007 0.35 ac lot Est $209k · 10% over

---

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 +22.0/30.0
• DSCR +7.0/10.0
• 1% rule +4.7/10.0
• Rent growth +3.3/5.0
• Schools +3.2/10.0
• Livability +3.1/5.0
• ARV discount +2.9/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Welcome home to this beautifully maintained 2-bedroom, 2-bath duplex in one of Elizabethtown's most convenient locations! Situated just minutes from Fort Knox, Radcliff, and Downtown Elizabethtown, this move-in ready home offers the perfect blend of comfort, convenience, and charm. Step inside to discover a bright, open-concept floor plan featuring vaulted ceilings, abundant natural light, updated flooring, and a spacious living area that flows seamlessly into the dining room and kitchen. The kitchen offers ample cabinetry, generous counter space, and a breakfast bar ideal for casual dining or entertaining guests. The spacious primary suite features a private bath and large closet, while th

Key facts

• Ample cabinetry
• Spacious living area
• Updated flooring

Tags

• OPEN-CONCEPT FLOOR PLAN
• VAULTED CEILINGS
• ABUNDANT NATURAL LIGHT
• UPDATED FLOORING
• SPACIOUS LIVING AREA
• AMPLE CABINETRY

Property features AI

Exterior

• Parking: Attached garage with 2 parking spaces; Concrete driveway
• Utilities: Public sewer
• Home design: Residential duplex; Single-family style; Shingle roof
• Construction: Brick and vinyl siding exterior; Slab foundation
• Exterior features: Patio; Shed(s); Landscaped yard; Wooded lot

Interior

• Kitchen: Range; Oven; Dishwasher; Microwave; Refrigerator; Electric water heater
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Heat pump (electric); Central air; Ceiling fans
• Interior features: Vaulted ceilings; Walk-in closets; Ceiling fans
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/2.0-bath units multifamily listed at $230k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive. Per door: $183/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $224k (2.7% below list).
• Recommended offer: $224k (2.7% below list) — sets the bar for 1% rule.
• Cap rate 8.2% vs local median 3.5% in Radcliff — 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 61/100 on livability (#367 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.
• Hardin County (suburban): math 30% / reading 43% proficiency, ranked #47 of 165 in KY (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: New Highland Elementary School (math 22% / reading 27%, grade F, #489 of 676 statewide, top 76%, 501 students, 62% FRL); Bluegrass Middle School (math 22% / reading 40%, grade F, #138 of 217 statewide, top 65%, 578 students, 52% FRL); John Hardin High School (math 27% / reading 42%, grade F, #76 of 254 statewide, top 34%, 790 students, 52% FRL).
• Market conditions: Rents rising (+3.3%/yr); 539 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 946 units permitted in Hardin County in 2024 (464 in 5+ unit buildings).
• This rent runs 39% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Hardin County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $124k; list at $230k implies a 85% gain — meaningful room to come down on a strong offer.

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 $223,700 (2.7% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 8.20%
• Cash-on-cash: 6.82%
• DSCR: 1.30
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $208,600
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
137 Applewood Ln	0.12mi	2/2.0	1,042 (-13%)	2mo	$179,000	$172	72
105 Mcintosh Dr	0.09mi	3/2.0 (+1)	1,286 (+8%)	10mo	$225,000	$175	69
141 Applewood Ln	0.12mi	3/2.0 (+1)	1,254 (+5%)	14mo	$224,900	$179	69
113 Cortland Ct	0.20mi	2/2.0	1,036 (-13%)	9mo	$175,000	$169	61

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 · 3.32% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.79×
• Total profit: $-13,321
• Equity at exit: $34,294

10-year hold

• IRR: 4.4%
• Equity multiple: 1.33×
• Total profit: $21,065
• Equity at exit: $19,886

Cash invested: $64,400 (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 42701

• Home prices YoY: -29.8%
• Rents YoY: 3.3%
• Active inventory: 539
• Price-to-rent: 17.1×

Monthly cashflow live

• Estimated rent: $2,237 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$99 /mo · $1,192/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $366

Break-even live

Break-even rent $1,774

Max offer price $230,000

Occupancy floor 79%

Sensitivity live

Price	-10% $496	-5% $431	+0% $366	+5% $301	+10% $236
Rent	-10% $189	-5% $278	+0% $366	+5% $454	+10% $543
Rate	-1.0pp $482	-0.5pp $424	base $366	+0.5pp $306	+1.0pp $246

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$2,238
Total (2 units)			$2,237

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
845 Pine Valley Dr Elizabethtown, KY	2.0–3.0	2.0–3.0	1412	$1,075	$0.76	21d	1	1.30mi

Listing history 9 events

1. 2026-06-19
   days on market $230,000 Active 10 DOM
2. 2026-06-18
   days on market $230,000 Active 9 DOM
3. 2026-06-18
   status $230,000 Active 8 DOM
4. 2026-06-13
   statusdays on market $230,000 Pending 8 DOM
5. 2026-06-10
   days on market $230,000 Active 7 DOM
6. 2026-06-09
   days on market $230,000 Active 6 DOM
7. 2026-06-08
   days on market $230,000 Active 5 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $230,000 Active 4 DOM

ⓘ 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: $1,192 · $99/mo
• Projected year-2 tax: $1,978 · $165/mo
• Expected delta: +$786/yr (+$66/mo · 66.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°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 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,844
• − Mortgage interest: −$12,884
• − Property taxes: −$1,192
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,148
• − Management: −$2,148
• − Depreciation: −$6,691
• Taxable income: $633
• Est. tax owed @ 24.0%: −$152
• After-tax cash flow: $4,240/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: Hardin County
• NCES district ID: 2102490
• Math proficiency: 30% ▼ -13.00%
• Reading proficiency: 43% ▼ -10.00%
• Median HH income: $50,728
• Composite: 31.61/100
• National rank: #5945
• State rank: #47 of 165 in KY

Livability — Radcliff

• Score: 61/100
• State rank: #367
• US rank: #17445

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Radcliff, KY
• County: Hardin County · 77,611 people
• City population: 23,624
• Metro: Elizabethtown-Fort Knox, KY
• Population (ZIP): 53,987
• Household income: $69,619
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1663.0

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 105,573 people
• By 2030: 103,563 · -1.9%
• By 2040: 97,077 · -8.0%
• By 2050: 88,367 · -16.3%
• By 2075: 65,405 · -38.0%
• By 2100: 42,245 · -60.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 9% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Italian 3% Slovak 2% Romanian 2%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 3% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Hardin

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: -8.7pp toward R · 2008: -20.6pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+24.0 2016: R+30.2 2012: R+20.8 2008: R+20.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.94%
• Current HPI: 228.7091
• Rent YoY: ▲ 3.32%
• Metro: Elizabethtown-Fort Knox, 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

-61.7% since first listed

3 events — show timeline

• 2026-06-03 Listed $230,000 HKARMLS
• 2024-10-02 Sold (Public Records) $124,000 Public Records
• 2006-03-02 Sold (Public Records) $600,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,192 · -0.0% YoY. Source: county tax records.