290 Ky-643 · Stanford, KY 40489

$60,000

3 bd · 1.0 ba · 981 sqft · SingleFamily · 99 Days on market

Average condition 0.40 ac lot $61/sqft · 64% below area ↓ 25% since listing

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Appreciation +4.5/10.0
• Livability +3.4/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Welcome to 290 KY 643, a solid 3-bedroom, 1-bath investment property offering an excellent opportunity for investors seeking strong returns with minimal upfront work. The sellers have never occupied the home, but major systems have been inspected visually and appear to be in very good condition, making this an ideal value-add property. The electric, plumbing, septic system, heat source, water heater, and fixtures all appear sound, allowing investors to focus primarily on one key improvement. Flooring is very soft in portions of the home and will need to be replaced, while some areas remain in good condition and can stay. Once flooring is addressed, the property is rent-ready immediately. This property presents a great BRRRR opportunity—light rehab, stabilize with rental income, and build equity quickly. With no major mechanical updates needed, this is a straightforward project well-suited for cash buyers or investors using renovation financing. Key Highlights: 3 Bedrooms | 1 Bathroom Strong bones with major systems in good shape Minimal rehab focused primarily on flooring Rent-ready immediately after floor replacement Excellent value-add and BRRRR potential Ideal for long-term rental or portfolio expansion Financing Terms: Cash offers or 20% down Conventional Renovation Loans ONLY. Other loan types can be negotiated for a higher purchase price with seller completing subfloor work and buyers choice of floor covering installed before closing once negotiated and offer signed. Feel free to discuss all options.

Key facts

• 0.4 acre lot
• Listed 98 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($884 rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 2.9% in Stanford — 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 67/100 on livability (#226 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Lincoln County (rural): math 20% / reading 35% proficiency, ranked #131 of 165 in KY (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 27 active listings in the ZIP; 91 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.1%/yr); year-one equity from $415 of loan paydown is wiped out by about $632 of value loss. Plan a longer hold.
• Lincoln County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-1.1% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $54,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.47% ✓
• Cap rate: 11.97%
• Cash-on-cash: 20.28%
• DSCR: 1.90
• GRM: 5.7

CMA / ARV

• ARV (median comp): $167,044
• List price: $60,000
• Delta: -64.08%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
190 KY Hwy 3249	0.61mi	2/1.0 (-1)	1,005 (+2%)	21mo	$151,500	$151	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.05% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.6%
• Equity multiple: 1.80×
• Total profit: $13,429
• Equity at exit: $14,326

10-year hold

• IRR: 23.3%
• Equity multiple: 3.37×
• Total profit: $39,766
• Equity at exit: $14,909

Cash invested: $16,800 (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 40489

• Home prices YoY: -0.5%
• Active inventory: 27
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $884 medium
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $900/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$186
• Net cashflow: $284

Break-even live

Break-even rent $525

Max offer price $60,000

Occupancy floor 63%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-05-06
   price $60,000 1537-char remark

   Show marketing remark (1537 chars)

   Welcome to 290 KY 643, a solid 3-bedroom, 1-bath investment property offering an excellent opportunity for investors seeking strong returns with minimal upfront work. The sellers have never occupied the home, but major systems have been inspected visually and appear to be in very good condition, making this an ideal value-add property. The electric, plumbing, septic system, heat source, water heater, and fixtures all appear sound, allowing investors to focus primarily on one key improvement. Flooring is very soft in portions of the home and will need to be replaced, while some areas remain in good condition and can stay. Once flooring is addressed, the property is rent-ready immediately. This property presents a great BRRRR opportunity—light rehab, stabilize with rental income, and build equity quickly. With no major mechanical updates needed, this is a straightforward project well-suited for cash buyers or investors using renovation financing. Key Highlights: 3 Bedrooms | 1 Bathroom Strong bones with major systems in good shape Minimal rehab focused primarily on flooring Rent-ready immediately after floor replacement Excellent value-add and BRRRR potential Ideal for long-term rental or portfolio expansion Financing Terms: Cash offers or 20% down Conventional Renovation Loans ONLY. Other loan types can be negotiated for a higher purchase price with seller completing subfloor work and buyers choice of floor covering installed before closing once negotiated and offer signed. Feel free to discuss all options.

2. 2026-04-29
   price $74,900 1537-char remark

   Show marketing remark (1537 chars)

   Welcome to 290 KY 643, a solid 3-bedroom, 1-bath investment property offering an excellent opportunity for investors seeking strong returns with minimal upfront work. The sellers have never occupied the home, but major systems have been inspected visually and appear to be in very good condition, making this an ideal value-add property. The electric, plumbing, septic system, heat source, water heater, and fixtures all appear sound, allowing investors to focus primarily on one key improvement. Flooring is very soft in portions of the home and will need to be replaced, while some areas remain in good condition and can stay. Once flooring is addressed, the property is rent-ready immediately. This property presents a great BRRRR opportunity—light rehab, stabilize with rental income, and build equity quickly. With no major mechanical updates needed, this is a straightforward project well-suited for cash buyers or investors using renovation financing. Key Highlights: 3 Bedrooms | 1 Bathroom Strong bones with major systems in good shape Minimal rehab focused primarily on flooring Rent-ready immediately after floor replacement Excellent value-add and BRRRR potential Ideal for long-term rental or portfolio expansion Financing Terms: Cash offers or 20% down Conventional Renovation Loans ONLY. Other loan types can be negotiated for a higher purchase price with seller completing subfloor work and buyers choice of floor covering installed before closing once negotiated and offer signed. Feel free to discuss all options.

3. 2026-03-02
   status Active 1537-char remark

   Show marketing remark (1537 chars)

   Welcome to 290 KY 643, a solid 3-bedroom, 1-bath investment property offering an excellent opportunity for investors seeking strong returns with minimal upfront work. The sellers have never occupied the home, but major systems have been inspected visually and appear to be in very good condition, making this an ideal value-add property. The electric, plumbing, septic system, heat source, water heater, and fixtures all appear sound, allowing investors to focus primarily on one key improvement. Flooring is very soft in portions of the home and will need to be replaced, while some areas remain in good condition and can stay. Once flooring is addressed, the property is rent-ready immediately. This property presents a great BRRRR opportunity—light rehab, stabilize with rental income, and build equity quickly. With no major mechanical updates needed, this is a straightforward project well-suited for cash buyers or investors using renovation financing. Key Highlights: 3 Bedrooms | 1 Bathroom Strong bones with major systems in good shape Minimal rehab focused primarily on flooring Rent-ready immediately after floor replacement Excellent value-add and BRRRR potential Ideal for long-term rental or portfolio expansion Financing Terms: Cash offers or 20% down Conventional Renovation Loans ONLY. Other loan types can be negotiated for a higher purchase price with seller completing subfloor work and buyers choice of floor covering installed before closing once negotiated and offer signed. Feel free to discuss all options.

4. 2026-02-20
   historical Contingent 1537-char remark

   Show marketing remark (1537 chars)

   Welcome to 290 KY 643, a solid 3-bedroom, 1-bath investment property offering an excellent opportunity for investors seeking strong returns with minimal upfront work. The sellers have never occupied the home, but major systems have been inspected visually and appear to be in very good condition, making this an ideal value-add property. The electric, plumbing, septic system, heat source, water heater, and fixtures all appear sound, allowing investors to focus primarily on one key improvement. Flooring is very soft in portions of the home and will need to be replaced, while some areas remain in good condition and can stay. Once flooring is addressed, the property is rent-ready immediately. This property presents a great BRRRR opportunity—light rehab, stabilize with rental income, and build equity quickly. With no major mechanical updates needed, this is a straightforward project well-suited for cash buyers or investors using renovation financing. Key Highlights: 3 Bedrooms | 1 Bathroom Strong bones with major systems in good shape Minimal rehab focused primarily on flooring Rent-ready immediately after floor replacement Excellent value-add and BRRRR potential Ideal for long-term rental or portfolio expansion Financing Terms: Cash offers or 20% down Conventional Renovation Loans ONLY. Other loan types can be negotiated for a higher purchase price with seller completing subfloor work and buyers choice of floor covering installed before closing once negotiated and offer signed. Feel free to discuss all options.

5. 2026-02-17
   listed $79,500 Active 1537-char remark

   Show marketing remark (1537 chars)

   Welcome to 290 KY 643, a solid 3-bedroom, 1-bath investment property offering an excellent opportunity for investors seeking strong returns with minimal upfront work. The sellers have never occupied the home, but major systems have been inspected visually and appear to be in very good condition, making this an ideal value-add property. The electric, plumbing, septic system, heat source, water heater, and fixtures all appear sound, allowing investors to focus primarily on one key improvement. Flooring is very soft in portions of the home and will need to be replaced, while some areas remain in good condition and can stay. Once flooring is addressed, the property is rent-ready immediately. This property presents a great BRRRR opportunity—light rehab, stabilize with rental income, and build equity quickly. With no major mechanical updates needed, this is a straightforward project well-suited for cash buyers or investors using renovation financing. Key Highlights: 3 Bedrooms | 1 Bathroom Strong bones with major systems in good shape Minimal rehab focused primarily on flooring Rent-ready immediately after floor replacement Excellent value-add and BRRRR potential Ideal for long-term rental or portfolio expansion Financing Terms: Cash offers or 20% down Conventional Renovation Loans ONLY. Other loan types can be negotiated for a higher purchase price with seller completing subfloor work and buyers choice of floor covering installed before closing once negotiated and offer signed. Feel free to discuss all options.

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 6 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $10,611
• − Mortgage interest: −$3,361
• − Property taxes: −$900
• − Insurance: −$300
• − Repairs & maintenance: −$849
• − Management: −$849
• − Depreciation: −$1,745
• Taxable income: $2,607
• Est. tax owed @ 24.0%: −$626
• After-tax cash flow: $2,781/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.

Condition & rehab AI · 13 photos

Average 55/100 Moderate rehab

This property requires moderate renovations, including a new roof, siding, flooring, and interior paint, to improve its resale and rental value.

Repairs flagged

• Major roof — existing shingles
• Major exterior — existing siding
• Major flooring — existing hardwood
• Major interior walls/paint — existing paint

Value-add opportunities

• Both new roof — improves both resale and rental value
• Both new siding — enhances curb appeal and value
• Both new flooring — enhances interior and rental value
• Both paint interior walls — enhances interior and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · existing shingles	Major	$15,000–50,000
exterior · existing siding	Major	$15,000–50,000
flooring · existing hardwood	Major	$15,000–50,000
interior walls/paint · existing paint	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both new roof — improves both resale and rental value ↑
• Both new siding — enhances curb appeal and value ↑
• Both new flooring — enhances interior and rental value ↑
• Both paint interior walls — enhances interior and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lincoln County
• NCES district ID: 2103480
• Math proficiency: 20% ▼ -18.00%
• Reading proficiency: 35% ▼ -16.00%
• Median HH income: $35,356
• Composite: 22.68/100
• National rank: #8042
• State rank: #131 of 165 in KY

Livability — Stanford

• Score: 67/100
• State rank: #226
• US rank: #11103

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,238

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 23,293 people
• By 2030: 22,392 · -3.9%
• By 2040: 20,336 · -12.7%
• By 2050: 18,016 · -22.7%
• By 2075: 12,976 · -44.3%
• By 2100: 8,446 · -63.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 2%
• Common ancestry: Slovak 3% Serbian 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+61.2) · D 18.9% · R 80.0% · Other 1.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -38.5pp · 2024: -61.2pp
• All cycles: 2024: R+61.2 2020: R+57.1 2016: R+57.3 2012: R+41.9 2008: R+38.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.05%
• Current HPI: 233.047
• 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

-24.5% since first listed

5 events — show timeline

• 2026-05-06 Price Changed $60,000 ImagineMLS
• 2026-04-29 Price Changed $74,900 ImagineMLS
• 2026-03-02 Relisted — ImagineMLS
• 2026-02-20 Contingent — ImagineMLS
• 2026-02-17 Listed $79,500 ImagineMLS