1357 Markwell Ln · Taylorsville, KY 40071

$278,500

2 bd · 1.0 ba · 1,229 sqft · SingleFamily public records · 55 Days on market

Built 1962 2.00 ac lot

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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).

• Cash flow +13.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Livability +3.6/5.0
• Schools +3.1/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom ranch situated on 2 acres. Comfortable flow from the living room to the dining area and into the kitchen. The kitchen offers abundant cabinet space and features an island that provides additional seating and storage. Just off the kitchen is a convenient laundry room with built-in cabinetry for extra organization. The dining area opens to a covered deck, perfect for enjoying the peaceful views of the property. Additional features include a 2-car attached garage, storage shed, and an older barn. Only minutes from Mt. Washington. Bullitt County school district!

Key facts

• Covered deck
• Built-in cabinetry
• Laundry room

Tags

• ABUNDANT CABINET SPACE
• COVERED DECK
• LAUNDRY ROOM
• BUILT-IN CABINETRY
• STORAGE SHED
• OLDER BARN

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Attached 2-car garage
• Utilities: Electricity connected; Propane available
• Home design: Single-family ranch-style home; One story; Built in 1962
• Construction: Vinyl siding exterior; Shingle roof; Concrete block foundation
• Exterior features: Level lot; Farm-style fencing; Barn(s) on the property

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Three bedrooms, all on the first floor
• Bathrooms: One full bathroom
• Heating & cooling: Propane heating; Central air conditioning
• Interior features: Seven total rooms; Five closets; No basement; First-floor primary bedroom; First-floor laundry
• Laundry & utility: Laundry room on the first floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $278k.

Deal economics

• At list price, monthly cash flow is $20 ($240/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (23.0% below list).
• Recommended offer: $215k (23.0% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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.
• Bullitt County (suburban): math 29% / reading 41% proficiency, ranked #55 of 165 in KY (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 114 active listings in the ZIP; 380 units permitted in Bullitt County in 2024 (8 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 $8k of value loss. Plan a longer hold.
• Bullitt County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($270k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y 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 $59k; list at $278k implies a 373% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $214,580 (23.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.77% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.31%
• DSCR: 1.01
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.9%
• Equity multiple: 0.44×
• Total profit: $-43,978
• Equity at exit: $41,525

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-37,149
• Equity at exit: $24,080

Cash invested: $77,980 (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: 10.8×

Monthly cashflow live

• Estimated rent: $2,146 medium
• Mortgage (P&I): −$1,460
• Tax from tax record: −$99 /mo · $1,184/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $20

Break-even live

Break-even rent $2,121

Max offer price $278,500

Occupancy floor 94%

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: $69,625
• Closing costs: $8,355
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-12
   status Pending
2. 2026-03-26
   status Pending 574-char remark

   Show marketing remark (574 chars)

   3 bedroom ranch situated on 2 acres. Comfortable flow from the living room to the dining area and into the kitchen. The kitchen offers abundant cabinet space and features an island that provides additional seating and storage. Just off the kitchen is a convenient laundry room with built-in cabinetry for extra organization. The dining area opens to a covered deck, perfect for enjoying the peaceful views of the property. Additional features include a 2-car attached garage, storage shed, and an older barn. Only minutes from Mt. Washington. Bullitt County school district!

3. 2026-03-25
   historical Active Under Contract
4. 2026-03-25
   status Pending
5. 2026-03-18
   listed $278,500 Active 574-char remark

   Show marketing remark (574 chars)

   3 bedroom ranch situated on 2 acres. Comfortable flow from the living room to the dining area and into the kitchen. The kitchen offers abundant cabinet space and features an island that provides additional seating and storage. Just off the kitchen is a convenient laundry room with built-in cabinetry for extra organization. The dining area opens to a covered deck, perfect for enjoying the peaceful views of the property. Additional features include a 2-car attached garage, storage shed, and an older barn. Only minutes from Mt. Washington. Bullitt County school district!

6. 2026-03-18
   listed $278,500 Active

   Show marketing remark (574 chars)

   3 bedroom ranch situated on 2 acres. Comfortable flow from the living room to the dining area and into the kitchen. The kitchen offers abundant cabinet space and features an island that provides additional seating and storage. Just off the kitchen is a convenient laundry room with built-in cabinetry for extra organization. The dining area opens to a covered deck, perfect for enjoying the peaceful views of the property. Additional features include a 2-car attached garage, storage shed, and an older barn. Only minutes from Mt. Washington. Bullitt County school district!

7. 2005-03-09
   historical
8. 2004-09-09
   listed $149,500
9. 1995-06-01
   soldstatus $58,900

ⓘ 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: $1,184 · $99/mo
• Projected year-2 tax: $2,395 · $200/mo
• Expected delta: +$1,211/yr (+$101/mo · 102.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 4/10 Moderate 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: $25,750
• − Mortgage interest: −$15,600
• − Property taxes: −$1,184
• − Insurance: −$1,392
• − Repairs & maintenance: −$2,060
• − Management: −$2,060
• − Depreciation: −$8,102
• Taxable loss: −$4,649
• Est. tax savings @ 24.0%: +$1,116
• After-tax cash flow: $1,355/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: Bullitt County
• NCES district ID: 2100750
• Math proficiency: 29% ▼ -15.00%
• Reading proficiency: 41% ▼ -14.00%
• Median HH income: $55,009
• Composite: 30.78/100
• National rank: #6151
• State rank: #55 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

• Population (ZIP): 16,702

Population outlook (Bullitt County) Hauer SSP2

• Today (2025): 89,555 people
• By 2030: 94,389 · +5.4%
• By 2040: 102,759 · +14.7%
• By 2050: 108,955 · +21.7%
• By 2075: 121,898 · +36.1%
• By 2100: 126,383 · +41.1%

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 · Bullitt

• 2024 margin: Solid R (+51.0) · D 23.8% · R 74.8% · Other 1.4%
• 2008→2024 swing: -18.7pp toward R · 2008: -32.3pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+48.0 2016: R+49.8 2012: R+35.7 2008: R+32.3

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

+372.8% since first listed

9 events — show timeline

• 2026-05-12 Pending — Metro Search MLS
• 2026-03-26 Pending — HKARMLS
• 2026-03-25 Contingent — Metro Search MLS
• 2026-03-25 Pending — Metro Search MLS
• 2026-03-18 Listed $278,500 HKARMLS
• 2026-03-18 Listed $278,500 Metro Search MLS
• 2005-03-09 Listing Removed — Metro Search MLS
• 2004-09-09 Listed $149,500 Metro Search MLS
• 1995-06-01 Sold (Public Records) $58,900 Public Records

Property tax history

-0.4%/yr

Latest (2025): $1,184 · -3.6% YoY. Source: county tax records.