147 Enchanted Dr · Burnside, KY 42503

$249,000

3 bd · 1.5 ba · 1,464 sqft · SingleFamily public records · 52 Days on market

Built 2000 0.50 ac lot $170/sqft · at area comps Est $303k · 18% under

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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).

• ARV discount +15.0/15.0
• Cash flow +9.7/30.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful home in a great neighborhood! Featuring hardwood and tile throughout home, kitchen w/ plenty of cabinetry, dining room, living room, 3 bed and 2 bath.

Key facts

• Spacious fenced yard
• 0.5 acre lot
• Garage

Tags

• WINDING RIDGE SUBDIVISION
• HARDWOOD CARPET TILE FLOORING
• SPACIOUS FENCED YARD

Property features AI

Finance

• Other: Lot approximately 0.5 acre (public records)

Exterior

• Parking: Driveway; Has garage
• Utilities: Public water; Septic tank for sewer
• Home design: Single-story house
• Construction: Vinyl siding; Block foundation; Composition/shingle roof; Built area approximately 1,772
• Exterior features: Chain link fencing; Public water

Interior

• Kitchen: Dishwasher; Refrigerator; Range
• Bedrooms: Total rooms: 5 (includes bedrooms and living spaces)
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump for heating and cooling
• Interior features: Entrance foyer; Eat-in kitchen; Primary bedroom on the first floor; Walk-in closet(s); Fireplace
• Laundry & utility: Washer hookup; Electric dryer hookup on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $-166 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (11.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (29.7% below list).
• Recommended offer: $175k (29.7% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 3.0% in Burnside — 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 (#141 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities F, commute F.
• Pulaski County (town): math 43% / reading 53% proficiency, ranked #17 of 165 in KY (top 10%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Southern Middle School (math 41% / reading 50%, grade D+, #32 of 217 statewide, top 15%, 941 students, 68% FRL); Southwestern High School (math 33% / reading 43%, grade F, #55 of 254 statewide, top 22%, 1,265 students, 64% FRL).
• Market conditions: 294 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 117 units permitted in Pulaski County in 2024 (50 in 5+ unit buildings).

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.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $133k; list at $249k implies a 87% gain — meaningful room to come down on a strong offer.

Recommended offer $175,000 (29.7% 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 52 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
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 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: 0.70% ✗
• Cap rate: 5.49%
• Cash-on-cash: -2.85%
• DSCR: 0.87
• GRM: 11.9

CMA / ARV

• ARV (median comp): $303,329
• List price: $249,000
• Delta: -17.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1124 Heartland Dr	0.49mi	3/2.0	1,363 (-7%)	8mo	$229,000	$168	58
125 Lin Don Dr	0.16mi	3/2.0	1,653 (+13%)	17mo	$229,500	$139	55
1012 Barkley Ln	0.65mi	3/2.0	1,431 (-2%)	19mo	$250,000	$175	48
1100 Heartland Dr	0.62mi	3/2.0	1,504 (+3%)	23mo	$242,000	$161	45
4174 Oak Hill Rd	0.72mi	3/2.0	1,655 (+13%)	2mo	$290,000	$175	41
1120 Heartland Dr	0.50mi	4/2.0 (+1)	1,606 (+10%)	18mo	$265,000	$165	39

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: -21.1%
• Equity multiple: 0.27×
• Total profit: $-50,979
• Equity at exit: $37,127

10-year hold

• IRR: -14.6%
• Equity multiple: 0.16×
• Total profit: $-58,301
• Equity at exit: $21,529

Cash invested: $69,720 (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 42503

• Home prices YoY: -8.4%
• Active inventory: 294
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$139 /mo · $1,663/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $-166

Break-even live

Break-even rent $1,960

Max offer price $219,737

Occupancy floor —

Sensitivity live

Price	-10% $-25	-5% $-95	+0% $-166	+5% $-236	+10% $-307
Rent	-10% $-304	-5% $-235	+0% $-166	+5% $-97	+10% $-27
Rate	-1.0pp $-40	-0.5pp $-102	base $-166	+0.5pp $-230	+1.0pp $-296

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
931 Hidden Loop Dr Somerset, KY	3.0	2.0	1750	$1,750	$1.00	45d	1	1.05mi

Listing history 26 events

1. 2026-06-22
   days on market $249,000 Active 52 DOM
2. 2026-06-21
   days on market $249,000 Active 51 DOM
3. 2026-06-21
   days on market $249,000 Active 50 DOM
4. 2026-06-18
   days on market $249,000 Active 48 DOM
5. 2026-06-17
   days on market $249,000 Active 47 DOM
6. 2026-06-16
   days on market $249,000 Active 46 DOM
7. 2026-06-15
   days on market $249,000 Active 45 DOM
8. 2026-06-13
   days on market $249,000 Active 43 DOM
9. 2026-06-12
   days on market $249,000 Active 42 DOM
10. 2026-06-09
    days on market $249,000 Active 39 DOM
11. 2026-06-08
    days on market $249,000 Active 38 DOM
12. 2026-06-07
    days on market $249,000 Active 37 DOM
13. 2026-06-07
    pricedays on market $249,000 Active 36 DOM
14. 2026-06-04
    days on market $265,000 Active 33 DOM
15. 2026-06-02
    days on market $265,000 Active 32 DOM
16. 2026-06-01
    days on market $265,000 Active 31 DOM
17. 2026-05-31
    days on market $265,000 Active 30 DOM
18. 2026-05-31
    days on market $265,000 Active 29 DOM
19. 2026-04-16
    listed $279,000 Active 371-char remark
20. 2016-06-27
    soldstatus $133,000 160-char remark

    Show marketing remark (160 chars)

    Beautiful home in a great neighborhood! Featuring hardwood and tile throughout home, kitchen w/ plenty of cabinetry, dining room, living room, 3 bed and 2 bath.

21. 2016-06-27
    soldstatus $133,000

    Show marketing remark (160 chars)

    Beautiful home in a great neighborhood! Featuring hardwood and tile throughout home, kitchen w/ plenty of cabinetry, dining room, living room, 3 bed and 2 bath.

22. 2015-07-13
    listed $137,777 160-char remark

    Show marketing remark (160 chars)

    Beautiful home in a great neighborhood! Featuring hardwood and tile throughout home, kitchen w/ plenty of cabinetry, dining room, living room, 3 bed and 2 bath.

23. 2015-04-06
    soldstatus $125,000
24. 2014-09-30
    soldstatus $89,900

    Show marketing remark (114 chars)

    Nice 3 bed / 2 Bath home! Features one car garage and fence in back yard! Must see!! Call today for more details!!

25. 2014-07-18
    listed $89,900

    Show marketing remark (114 chars)

    Nice 3 bed / 2 Bath home! Features one car garage and fence in back yard! Must see!! Call today for more details!!

26. 2004-03-05
    soldstatus $105,000

ⓘ 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: $1,663 · $139/mo
• Projected year-2 tax: $2,141 · $178/mo
• Expected delta: +$478/yr (+$40/mo · 28.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥103°F today · 20 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: $21,000
• − Mortgage interest: −$13,948
• − Property taxes: −$1,663
• − Insurance: −$1,245
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$7,244
• Taxable loss: −$6,460
• Est. tax savings @ 24.0%: +$1,550
• After-tax cash flow: $-437/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: Pulaski County
• NCES district ID: 2104950
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 53% ▼ -13.00%
• Median HH income: $35,366
• Composite: 39.69/100
• National rank: #3906
• State rank: #17 of 165 in KY

Livability — Burnside

• Score: 71/100
• State rank: #141
• US rank: #6774

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 25,638

Population outlook (Pulaski County) Hauer SSP2

• Today (2025): 65,414 people
• By 2030: 65,828 · +0.6%
• By 2040: 65,972 · +0.9%
• By 2050: 65,108 · -0.5%
• By 2075: 61,647 · -5.8%
• By 2100: 53,613 · -18.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 2% Asian 1%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Pulaski

• 2024 margin: Solid R (+65.2) · D 16.9% · R 82.1% · Other 1.0%
• 2008→2024 swing: -9.9pp toward R · 2008: -55.4pp · 2024: -65.2pp
• All cycles: 2024: R+65.2 2020: R+62.7 2016: R+66.7 2012: R+60.5 2008: R+55.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.16%
• Current HPI: 294.5958
• 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

+137.1% since first listed

10 events — show timeline

• 2026-06-04 Price Changed $249,000 ImagineMLS
• 2026-05-27 Price Changed $265,000 ImagineMLS
• 2026-04-16 Listed $279,000 ImagineMLS
• 2016-06-27 Sold (Public Records) $133,000 Public Records
• 2016-06-27 Sold (MLS) $133,000 ImagineMLS
• 2015-07-13 Listed $137,777 ImagineMLS
• 2015-04-06 Sold (Public Records) $125,000 Public Records
• 2014-09-30 Sold (MLS) $89,900 ImagineMLS
• 2014-07-18 Listed $89,900 ImagineMLS
• 2004-03-05 Sold (Public Records) $105,000 Public Records

Property tax history

+7.1%/yr

Latest (2025): $1,663 · +49.9% YoY. Source: county tax records.