275 5th Ave · Shepherdsville, KY 40165

$210,000

4 bd · 1.0 ba · 1,131 sqft · SingleFamily public records · 48 Days on market

Built 1997 9,148 sqft lot Est $236k · 11% under

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Why this score? — see what drove the C+ 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 +24.7/30.0
• ARV discount +12.5/15.0
• DSCR +8.0/10.0
• 1% rule +5.5/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious brick ranch -4 bedrooms , 2 storage sheds, there is a ramp to front porch , close to town, close to most everything and expressway Seller ha requested HIGHEST & BEST: Buyer's highest and best offer has been requested. Offer must be submitted by 3/17/2025 11:59:00 PM Mountain Time

Key facts

• New lighting
• New kitchen cabinets
• New front door

Tags

• NEW KITCHEN CABINETS
• GRANITE COUNTERTOPS
• NEW KITCHEN APPLIANCES
• NEW TUB SHOWER COMBO
• NEW LIGHTING
• NEW FRONT DOOR

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: No designated parking
• Utilities: Electricity connected; Natural gas available
• Home design: Single-family ranch-style home; One story; Built in 1997
• Construction: Brick construction; Shingle roof; Crawl space foundation
• Exterior features: Partially fenced yard; Cleared lot; Lot dimensions approximately 60 x 150

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Four bedrooms, all on the first floor (including a primary bedroom)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Six total rooms; Living room on the first floor; First-floor primary bedroom; No basement
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $11 ($129/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $204k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.5% in Shepherdsville — 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 73/100 on livability (#119 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute 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.
• Zoned schools: Cedar Grove Elementary (math 32% / reading 47%, grade F, #208 of 676 statewide, top 34%, 406 students, 47% FRL); Bernheim Middle School (math 28% / reading 44%, grade F, #91 of 217 statewide, top 43%, 435 students, 52% FRL); Bullitt Central High School (math 28% / reading 25%, grade F, #174 of 254 statewide, top 69%, 1,363 students, 53% FRL).
• Market conditions: 270 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 380 units permitted in Bullitt County in 2024 (8 in 5+ unit buildings).
• This rent runs 33% of the median local income ($80k/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 $1k of loan paydown is wiped out by about $6k 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 48 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 95790% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $126k; list at $210k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $203,700 (3.0% 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 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.05% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.92%
• DSCR: 1.40
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $236,379
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
166 2nd Ave	0.23mi	3/2.0 (-1)	1,140 (+1%)	3mo	$242,000	$212	77
174 6th Ave	0.12mi	3/1.0 (-1)	1,201 (+6%)	8mo	$194,000	$162	72
286 Seventh Ave	0.11mi	3/2.0 (-1)	1,040 (-8%)	4mo	$197,500	$190	69
664 Oak Grove Blvd	0.61mi	3/2.0 (-1)	1,157 (+2%)	2mo	$245,000	$212	57
107 Second Ave	0.22mi	3/2.0 (-1)	1,005 (-11%)	9mo	$213,000	$212	55
143 Deerfield Ct	0.75mi	3/1.5 (-1)	1,088 (-4%)	1mo	$210,750	$194	51
308 S Shore Dr	0.65mi	3/2.0 (-1)	1,124 (-1%)	17mo	$234,500	$209	45
690 Oak Grove Blvd	0.61mi	3/2.0 (-1)	1,157 (+2%)	16mo	$240,000	$207	45
412 S Shore Dr	0.56mi	3/2.0 (-1)	1,052 (-7%)	11mo	$235,000	$223	44
735 Beech Grove Rd	0.74mi	3/2.0 (-1)	1,220 (+8%)	3mo	$238,000	$195	41
152 Deerfield Ct	0.72mi	3/1.5 (-1)	1,088 (-4%)	15mo	$214,900	$198	41
178 Wooded Oak Ct	0.69mi	3/2.0 (-1)	1,008 (-11%)	2mo	$217,500	$216	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: -15.8%
• Equity multiple: 0.44×
• Total profit: $-33,141
• Equity at exit: $31,312

10-year hold

• IRR: -7.2%
• Equity multiple: 0.54×
• Total profit: $-27,146
• Equity at exit: $18,157

Cash invested: $58,800 (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 40165

• Home prices YoY: -26.9%
• Active inventory: 270
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,205 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$116 /mo · $1,393/yr
• Insurance: −$88
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$463
• Net cashflow: $11

Break-even live

Break-even rent $2,192

Max offer price $210,000

Occupancy floor 95%

Sensitivity live

Price	-10% $130	-5% $70	+0% $11	+5% $-49	+10% $-108
Rent	-10% $-164	-5% $-76	+0% $11	+5% $98	+10% $185
Rate	-1.0pp $116	-0.5pp $64	base $11	+0.5pp $-44	+1.0pp $-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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Johnson Dr Shepherdsville, KY	3.0	1.0	1114	$1,510	$1.36	25d	1	0.95mi
388 Tecumseh Dr Shepherdsville, KY	3.0	2.0	1204	$1,815	$1.51	25d	1	1.02mi

Listing history 22 events

1. 2026-06-21
   days on market $210,000 Active 48 DOM
2. 2026-06-18
   days on market $210,000 Active 45 DOM
3. 2026-06-17
   days on market $210,000 Active 44 DOM
4. 2026-06-16
   days on market $210,000 Active 43 DOM
5. 2026-06-15
   days on market $210,000 Active 42 DOM
6. 2026-06-13
   days on market $210,000 Active 40 DOM
7. 2026-06-10
   days on market $210,000 Active 37 DOM
8. 2026-06-09
   days on market $210,000 Active 36 DOM
9. 2026-06-08
   days on market $210,000 Active 35 DOM
10. 2026-06-07
    days on market $210,000 Active 34 DOM
11. 2026-06-03
    days on market $210,000 Active 30 DOM
12. 2026-06-02
    days on market $210,000 Active 29 DOM
13. 2026-06-01
    days on market $210,000 Active 28 DOM
14. 2026-05-31
    days on market $210,000 Active 27 DOM
15. 2026-05-04
    price $219,900
16. 2026-05-03
    listed $219 Active
17. 2026-03-23
    price $224,900
18. 2026-02-26
    price $229,900
19. 2025-08-01
    soldstatus $126,000 Closed 298-char remark

    Show marketing remark (298 chars)

    Spacious brick ranch -4 bedrooms , 2 storage sheds, there is a ramp to front porch , close to town, close to most everything and expressway Seller ha requested HIGHEST & BEST: Buyer's highest and best offer has been requested. Offer must be submitted by 3/17/2025 11:59:00 PM Mountain Time

20. 2025-03-31
    status Pending 298-char remark

    Show marketing remark (298 chars)

    Spacious brick ranch -4 bedrooms , 2 storage sheds, there is a ramp to front porch , close to town, close to most everything and expressway Seller ha requested HIGHEST & BEST: Buyer's highest and best offer has been requested. Offer must be submitted by 3/17/2025 11:59:00 PM Mountain Time

21. 2025-02-28
    listed $124,900 Active 298-char remark

    Show marketing remark (298 chars)

    Spacious brick ranch -4 bedrooms , 2 storage sheds, there is a ramp to front porch , close to town, close to most everything and expressway Seller ha requested HIGHEST & BEST: Buyer's highest and best offer has been requested. Offer must be submitted by 3/17/2025 11:59:00 PM Mountain Time

22. 1997-06-01
    soldstatus $56,500

ⓘ 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: $1,393 · $116/mo
• Projected year-2 tax: $1,806 · $150/mo
• Expected delta: +$413/yr (+$34/mo · 29.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,463
• − Mortgage interest: −$11,763
• − Property taxes: −$1,393
• − Insurance: −$6,169
• − Repairs & maintenance: −$2,117
• − Management: −$2,117
• − Depreciation: −$6,109
• Taxable loss: −$3,206
• Est. tax savings @ 24.0%: +$769
• After-tax cash flow: $898/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 — Shepherdsville

• Score: 73/100
• State rank: #119
• US rank: #5674

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shepherdsville, KY
• County: Bullitt County · 62,065 people
• City population: 38,403
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 38,403
• Household income: $79,540
• Rent vs Own: 17.3% rent · 82.7% own
• Severe rent burden: 800.0

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 3% Black 2% Hispanic / Latino 2%
• Common ancestry: Italian 2% Iranian 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% 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: ▼ -90.91%
• Current HPI: 247.1595
• Rent YoY: —
• Metro: Louisville/Jefferson County, KY-IN
• 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

+289.2% since first listed

8 events — show timeline

• 2026-05-04 Price Changed $219,900 Metro Search MLS
• 2026-05-03 Listed $219 Metro Search MLS
• 2026-03-23 Price Changed $224,900 Metro Search MLS
• 2026-02-26 Price Changed $229,900 Metro Search MLS
• 2025-08-01 Sold (MLS) $126,000 Metro Search MLS
• 2025-03-31 Pending — Metro Search MLS
• 2025-02-28 Listed $124,900 Metro Search MLS
• 1997-06-01 Sold (Public Records) $56,500 Public Records

Property tax history

+3.4%/yr

Latest (2025): $1,393 · +60.3% YoY. Source: county tax records.