332 Old Cardinal Dr · Elizabethtown, KY 42701

$200,000

3 bd · 1.5 ba · 988 sqft · SingleFamily public records · 332 Days on market

Built 1961 9,148 sqft lot Est $152k · 31% over

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Why this score? — see what drove the F 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 +11.5/30.0
• Livability +3.6/5.0
• DSCR +3.4/10.0
• Rent growth +3.3/5.0
• Schools +2.9/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely remodeled home in Elizabethtown Independent School District. We started with a new roof worked our way down to the newly carpeted basement. This Home has 1648 square feet of total living space on nearly a 1/4 acre oversize lot. New appliances. New countertops. New Windows. New Paint. Hardwood Floors. We even added more closet space, and who doesn't want more closet space! If you call me today, you won't have to stand in line to tour this one.

Key facts

• Minutes to blue oval
• Brick ranch
• 9,148 sq ft lot

Tags

• BRICK RANCH
• QUIET DEAD-END STREET
• FULL BATH IN BASEMENT
• MINUTES TO BLUE OVAL

Property features AI

Exterior

• Security: Accessible full bath
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Located in Forest Hill subdivision
• Construction: Brick construction; Shingle roof; Below-grade finished area present
• Exterior features: Covered patio; Porch

Interior

• Kitchen: Range; Oven; Refrigerator
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: 2 full bathrooms; 1 main-level bathroom
• Heating & cooling: Central air; Ceiling fans; Forced air heating; Natural gas heating
• Interior features: Eat-in kitchen; Partially finished, full basement
• Laundry & utility: Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-65 ($-786/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (22.2% below list).
• Recommended offer: $156k (22.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.4% in Elizabethtown — 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 72/100 on livability (#131 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: employment D, amenities F, commute F.
• Elizabethtown Independent (urban): math 26% / reading 45% proficiency, ranked #66 of 165 in KY (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.3%/yr); 539 active listings in the ZIP; 946 units permitted in Hardin County in 2024 (464 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.
• Hardin County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 332 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 5y 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 $155k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $155,647 (22.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 332 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.78% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.40%
• DSCR: 0.94
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $152,152
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1206 Woodland Dr	0.43mi	3/1.0	875 (-11%)	2mo	$135,000	$154	58

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: -18.3%
• Equity multiple: 0.36×
• Total profit: $-36,107
• Equity at exit: $29,821

10-year hold

• IRR: -10.1%
• Equity multiple: 0.38×
• Total profit: $-34,858
• Equity at exit: $17,292

Cash invested: $56,000 (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 42701

• Home prices YoY: -29.8%
• Rents YoY: 3.3%
• Active inventory: 539
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,556 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$163 /mo · $1,955/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $-65

Break-even live

Break-even rent $1,639

Max offer price $188,431

Occupancy floor 99%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Listing history 44 events

1. 2026-06-19
   days on market $200,000 Active 332 DOM
2. 2026-06-18
   days on market $200,000 Active 331 DOM
3. 2026-06-17
   days on market $200,000 Active 330 DOM
4. 2026-06-16
   days on market $200,000 Active 329 DOM
5. 2026-06-15
   days on market $200,000 Active 328 DOM
6. 2026-06-14
   days on market $200,000 Active 326 DOM
7. 2026-06-13
   days on market $200,000 Active 325 DOM
8. 2026-06-10
   days on market $200,000 Active 323 DOM
9. 2026-06-09
   days on market $200,000 Active 322 DOM
10. 2026-06-08
    days on market $200,000 Active 321 DOM
11. 2026-06-07
    days on market $200,000 Active 320 DOM
12. 2026-06-05
    days on market $200,000 Active 317 DOM
13. 2026-06-02
    days on market $200,000 Active 315 DOM
14. 2026-06-01
    days on market $200,000 Active 314 DOM
15. 2026-05-31
    days on market $200,000 Active 313 DOM
16. 2026-05-30
    days on market $200,000 Active 312 DOM
17. 2026-05-11
    price $200,000
18. 2026-05-10
    status Active
19. 2026-04-18
    status Pending
20. 2026-04-15
    status Active
21. 2026-04-14
    historical
22. 2026-04-11
    status Active
23. 2026-04-10
    historical
24. 2026-04-02
    status Active
25. 2026-03-28
    status Active
26. 2026-03-23
    status Active
27. 2026-03-15
    status Active
28. 2026-03-14
    historical
29. 2026-02-15
    status Active
30. 2026-02-15
    historical
31. 2026-01-31
    status Active
32. 2026-01-31
    historical
33. 2026-01-09
    status Active
34. 2026-01-09
    historical
35. 2026-01-05
    status Active
36. 2026-01-04
    historical
37. 2025-12-31
    status Active
38. 2025-12-30
    historical
39. 2025-06-30
    listed $205,000 Active
40. 2021-07-08
    soldstatus $154,900
41. 2021-07-07
    soldstatus $154,900 457-char remark

    Show marketing remark (457 chars)

    Completely remodeled home in Elizabethtown Independent School District. We started with a new roof worked our way down to the newly carpeted basement. This Home has 1648 square feet of total living space on nearly a 1/4 acre oversize lot. New appliances. New countertops. New Windows. New Paint. Hardwood Floors. We even added more closet space, and who doesn't want more closet space! If you call me today, you won't have to stand in line to tour this one.

42. 2021-04-28
    listed $154,900 457-char remark

    Show marketing remark (457 chars)

    Completely remodeled home in Elizabethtown Independent School District. We started with a new roof worked our way down to the newly carpeted basement. This Home has 1648 square feet of total living space on nearly a 1/4 acre oversize lot. New appliances. New countertops. New Windows. New Paint. Hardwood Floors. We even added more closet space, and who doesn't want more closet space! If you call me today, you won't have to stand in line to tour this one.

43. 2020-04-29
    soldstatus $86,000
44. 2009-03-11
    soldstatus $85,000

ⓘ 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: $1,955 · $163/mo
• Projected year-2 tax: $1,955 · $163/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 1/10 Low FEMA zone X (unshaded) · 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,678
• − Mortgage interest: −$11,203
• − Property taxes: −$1,955
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$5,818
• Taxable loss: −$4,287
• Est. tax savings @ 24.0%: +$1,029
• After-tax cash flow: $243/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: Elizabethtown Independent
• NCES district ID: 2101650
• Math proficiency: 26% ▼ -25.00%
• Reading proficiency: 45% ▼ -17.00%
• Median HH income: $36,400
• Composite: 29.39/100
• National rank: #6526
• State rank: #66 of 165 in KY

Livability — Elizabethtown

• Score: 72/100
• State rank: #131
• US rank: #6198

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elizabethtown, KY
• County: Hardin County · 77,611 people
• City population: 53,987
• 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

+135.3% since first listed

28 events — show timeline

• 2026-05-11 Price Changed $200,000 HKARMLS
• 2026-05-10 Relisted — HKARMLS
• 2026-04-18 Pending — HKARMLS
• 2026-04-15 Relisted — HKARMLS
• 2026-04-14 Delisted — HKARMLS
• 2026-04-11 Relisted — HKARMLS
• 2026-04-10 Delisted — HKARMLS
• 2026-04-02 Relisted — HKARMLS
• 2026-03-28 Relisted — HKARMLS
• 2026-03-23 Relisted — HKARMLS
• 2026-03-15 Relisted — HKARMLS
• 2026-03-14 Delisted — HKARMLS
• 2026-02-15 Relisted — HKARMLS
• 2026-02-15 Delisted — HKARMLS
• 2026-01-31 Relisted — HKARMLS
• 2026-01-31 Delisted — HKARMLS
• 2026-01-09 Relisted — HKARMLS
• 2026-01-09 Delisted — HKARMLS
• 2026-01-05 Relisted — HKARMLS
• 2026-01-04 Delisted — HKARMLS
• 2025-12-31 Relisted — HKARMLS
• 2025-12-30 Delisted — HKARMLS
• 2025-06-30 Listed $205,000 HKARMLS
• 2021-07-08 Sold (Public Records) $154,900 Public Records
• 2021-07-07 Sold (MLS) $154,900 HKARMLS
• 2021-04-28 Listed $154,900 HKARMLS
• 2020-04-29 Sold (Public Records) $86,000 Public Records
• 2009-03-11 Sold (Public Records) $85,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $1,955 · +1.1% YoY. Source: county tax records.