124 Applewood Ln · Radcliff, KY 42701

$242,500

2 bd · 2.0 ba · 1,199 sqft · MultiFamily public records · 48 Days on market

Built 2007 5,881 sqft lot Est $210k · 16% over ↓ 60% since listing

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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 +18.9/30.0
• DSCR +5.9/10.0
• 1% rule +4.2/10.0
• Rent growth +3.3/5.0
• Schools +3.2/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• ARV discount +0.5/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Welcome to Applewood. You are about to experience a new way of life. This well kept updated unit offers wifi double garage entry. Concrete drive. Stamped concrete entry. Mature landscaping. Updated storm door. Sliding glass doors to double patio. Security system. Access to private side and back yard thru surround vinyl privacy fence. To include huge shed which is ready for your imagination. The living,dining,kitchen are open with vaulted ceilings, laminate wood and laminate tile continue into both baths and both Queen size bedrooms. High-end Whirlpool appliance package. Breakfast bar. Laundry closet. Pantry. Utility closet. Huge Hall closet. The double door entry to the guest bedroom gives even more of a open or private option. The back bedroom has a unique layout. Upon entry to the left you're greeted with double vanity, full wall mirror, water closet with sit down glass entry shower and a deep full wardrobe closet. This home is move in ready and priced right for a quick sale.

Key facts

• Generous shed
• Private patio
• Bonus storage

Tags

• PRIVATE PATIO
• BONUS STORAGE
• GENEROUS SHED

Property features AI

Finance

• Other: Directions: 31 W to WA Jenkins Rd, to Applewood Ln, house on the right.
• HOA & community: No association fee; Subdivision: APPLEWOOD

Exterior

• Parking: Attached garage with front entry; Driveway parking; Two garage spaces
• Utilities: Electricity connected
• Home design: Residential single-story home; Built in 2007
• Construction: Vinyl siding and brick exterior; Shingle roof; Concrete block/slab/poured concrete foundation
• Exterior features: Privacy fencing enclosing the yard (full fence); Sidewalk along the lot; Storm sewer access

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Two bedrooms, both on the first floor (including a primary bedroom)
• Bathrooms: Two full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; One HVAC unit
• Interior features: Six total rooms; Five closets; Basement: none; First-floor primary bedroom; First-floor laundry
• Laundry & utility: Laundry on the first floor

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath multifamily listed at $242k.

Deal economics

• At list price, monthly cash flow is $247 ($3k/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 $224k (7.8% below list).
• Recommended offer: $224k (7.8% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: schools D-, amenities F, commute 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.
• 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

• It's been on market 48 days — a 3% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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 $174k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,700 (7.8% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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 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: 0.92% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.37%
• DSCR: 1.19
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $209,825
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
105 Mcintosh Dr	0.05mi	3/2.0 (+1)	1,286 (+7%)	10mo	$225,000	$175	72
137 Applewood Ln	0.11mi	2/2.0	1,042 (-13%)	2mo	$179,000	$172	72
141 Applewood Ln	0.09mi	3/2.0 (+1)	1,254 (+5%)	14mo	$224,900	$179	71
113 Cortland Ct	0.14mi	2/2.0	1,036 (-14%)	9mo	$175,000	$169	64

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: -9.2%
• Equity multiple: 0.66×
• Total profit: $-22,879
• Equity at exit: $36,158

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $3,097
• Equity at exit: $20,967

Cash invested: $67,900 (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: 18.1×

Monthly cashflow live

• Estimated rent: $2,237 medium
• Mortgage (P&I): −$1,272
• Tax from tax record: −$147 /mo · $1,765/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $247

Break-even live

Break-even rent $1,924

Max offer price $242,500

Occupancy floor 84%

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: $60,625
• Closing costs: $7,275
• 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	1.40mi

Listing history 14 events

1. 2026-04-26
   status Active
2. 2026-04-14
   status Pending
3. 2026-03-27
   listed $242,500 Active
4. 2022-02-16
   soldstatus $173,900 993-char remark

   Show marketing remark (994 chars)

   Welcome to Applewood. You are about to experience a new way of life. This well kept updated unit offers wifi double garage entry. Concrete drive. Stamped concrete entry. Mature landscaping. Updated storm door. Sliding glass doors to double patio. Security system. Access to private side and back yard thru surround vinyl privacy fence. To include huge shed which is ready for your imagination. The living, dining, kitchen are open with vaulted ceilings, laminate wood and laminate tile continue into both baths and both Queen size bedrooms. High-end Whirlpool appliance package. Breakfast bar. Laundry closet. Pantry. Utility closet. Huge Hall closet. The double door entry to the guest bedroom gives even more of a open or private option. The back bedroom has a unique layout. Upon entry to the left you're greeted with double vanity, full wall mirror, water closet with sit down glass entry shower and a deep full wardrobe closet. This home is move in ready and priced right for a quick sale.

5. 2022-02-16
   soldstatus $173,900 994-char remark

   Show marketing remark (994 chars)

   Welcome to Applewood. You are about to experience a new way of life. This well kept updated unit offers wifi double garage entry. Concrete drive. Stamped concrete entry. Mature landscaping. Updated storm door. Sliding glass doors to double patio. Security system. Access to private side and back yard thru surround vinyl privacy fence. To include huge shed which is ready for your imagination. The living, dining, kitchen are open with vaulted ceilings, laminate wood and laminate tile continue into both baths and both Queen size bedrooms. High-end Whirlpool appliance package. Breakfast bar. Laundry closet. Pantry. Utility closet. Huge Hall closet. The double door entry to the guest bedroom gives even more of a open or private option. The back bedroom has a unique layout. Upon entry to the left you're greeted with double vanity, full wall mirror, water closet with sit down glass entry shower and a deep full wardrobe closet. This home is move in ready and priced right for a quick sale.

6. 2021-12-15
   listed $174,900 994-char remark

   Show marketing remark (994 chars)

   Welcome to Applewood. You are about to experience a new way of life. This well kept updated unit offers wifi double garage entry. Concrete drive. Stamped concrete entry. Mature landscaping. Updated storm door. Sliding glass doors to double patio. Security system. Access to private side and back yard thru surround vinyl privacy fence. To include huge shed which is ready for your imagination. The living, dining, kitchen are open with vaulted ceilings, laminate wood and laminate tile continue into both baths and both Queen size bedrooms. High-end Whirlpool appliance package. Breakfast bar. Laundry closet. Pantry. Utility closet. Huge Hall closet. The double door entry to the guest bedroom gives even more of a open or private option. The back bedroom has a unique layout. Upon entry to the left you're greeted with double vanity, full wall mirror, water closet with sit down glass entry shower and a deep full wardrobe closet. This home is move in ready and priced right for a quick sale.

7. 2021-12-13
   listed $174,900 993-char remark

   Show marketing remark (993 chars)

   Welcome to Applewood. You are about to experience a new way of life. This well kept updated unit offers wifi double garage entry. Concrete drive. Stamped concrete entry. Mature landscaping. Updated storm door. Sliding glass doors to double patio. Security system. Access to private side and back yard thru surround vinyl privacy fence. To include huge shed which is ready for your imagination. The living,dining,kitchen are open with vaulted ceilings, laminate wood and laminate tile continue into both baths and both Queen size bedrooms. High-end Whirlpool appliance package. Breakfast bar. Laundry closet. Pantry. Utility closet. Huge Hall closet. The double door entry to the guest bedroom gives even more of a open or private option. The back bedroom has a unique layout. Upon entry to the left you're greeted with double vanity, full wall mirror, water closet with sit down glass entry shower and a deep full wardrobe closet. This home is move in ready and priced right for a quick sale.

8. 2018-06-18
   soldstatus $128,900
9. 2018-06-18
   soldstatus $128,900
10. 2018-06-18
    soldstatus $128,900
11. 2018-04-24
    listed $128,900
12. 2018-04-24
    listed $128,900
13. 2012-06-21
    soldstatus $108,600
14. 2006-03-02
    soldstatus $600,000

ⓘ 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: $1,765 · $147/mo
• Projected year-2 tax: $2,086 · $174/mo
• Expected delta: +$320/yr (+$27/mo · 18.1%)

ⓘ 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 · 20 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: −$13,584
• − Property taxes: −$1,765
• − Insurance: −$1,212
• − Repairs & maintenance: −$2,148
• − Management: −$2,148
• − Depreciation: −$7,055
• Taxable loss: −$1,067
• Est. tax savings @ 24.0%: +$256
• After-tax cash flow: $3,225/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

-59.6% since first listed

14 events — show timeline

• 2026-04-26 Relisted — Metro Search MLS
• 2026-04-14 Pending — Metro Search MLS
• 2026-03-27 Listed $242,500 Metro Search MLS
• 2022-02-16 Sold (MLS) $173,900 HKARMLS
• 2022-02-16 Sold (MLS) $173,900 Metro Search MLS
• 2021-12-15 Listed $174,900 HKARMLS
• 2021-12-13 Listed $174,900 Metro Search MLS
• 2018-06-18 Sold (Public Records) $128,900 Public Records
• 2018-06-18 Sold (MLS) $128,900 HKARMLS
• 2018-06-18 Sold (MLS) $128,900 Metro Search MLS
• 2018-04-24 Listed $128,900 HKARMLS
• 2018-04-24 Listed $128,900 Metro Search MLS
• 2012-06-21 Sold (Public Records) $108,600 Public Records
• 2006-03-02 Sold (Public Records) $600,000 Public Records

Property tax history

+9.8%/yr

Latest (2025): $1,765 · +7.7% YoY. Source: county tax records.