343 High St · Vine Grove, KY 40175

$165,000

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 69 Days on market

Built 1928 6,970 sqft lot Est $198k · 16% under

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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 +25.7/30.0
• ARV discount +14.9/15.0
• DSCR +8.5/10.0
• 1% rule +5.8/10.0
• Livability +3.6/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

Key facts

• Fenced back yard
• New roof
• Updated plumbing

Tags

• ORIGINAL HARDWOOD FLOORS
• NEW ROOF
• UPDATED PLUMBING
• NEW CENTRAL AIR
• FENCED BACK YARD
• OUTBUILDING FOR STORAGE

Property features AI

Exterior

• Parking: Gravel parking
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single family residence; Residential property; 2 stories
• Construction: Aluminum siding
• Exterior features: Covered porch; Patio/porch; Chain link fenced yard; Fenced yard; Shingle roof

Interior

• Kitchen: Electric range; Dishwasher; Refrigerator
• Flooring: Hardwood; Tile; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Eat-in kitchen; Unfinished basement
• Laundry & utility: Washer and dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $155k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.0% in Vine Grove — 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 72/100 on livability (#124 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety 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: 155 active listings in the ZIP; 946 units permitted in Hardin County in 2024 (464 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 69 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $95k; list at $165k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.08% ✓
• Cap rate: 9.15%
• Cash-on-cash: 10.20%
• DSCR: 1.45
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $197,568
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 Church St	0.12mi	3/1.0	1,118 (-5%)	7mo	$196,000	$175	80
603 Stephen St	0.28mi	3/1.5	1,188 (+1%)	12mo	$200,000	$168	73
201 Mable Ct	0.16mi	3/2.0	1,180 (+0%)	23mo	$225,000	$191	69
502 St Brigid St	0.43mi	3/1.0	1,104 (-6%)	9mo	$178,000	$161	62
215 Greenhill St	0.55mi	3/2.0	1,152 (-2%)	7mo	$190,000	$165	61
110 S Mill St	0.32mi	2/2.0 (-1)	1,118 (-5%)	11mo	$179,900	$161	59
1231 Crume Rd	0.66mi	3/1.0	1,098 (-7%)	19mo	$195,000	$178	42
508 Edgebrook Dr	0.74mi	3/1.0	1,024 (-13%)	5mo	$150,000	$146	40

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: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,770
• Equity at exit: $24,602

10-year hold

• IRR: 8.6%
• Equity multiple: 1.66×
• Total profit: $30,463
• Equity at exit: $14,266

Cash invested: $46,200 (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 40175

• Home prices YoY: -6.3%
• Active inventory: 155
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,777 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$77 /mo · $928/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $393

Break-even live

Break-even rent $1,280

Max offer price $165,000

Occupancy floor 73%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $165,000 Active 69 DOM
2. 2026-06-18
   days on market $165,000 Active 68 DOM
3. 2026-06-17
   price $165,000 Active 67 DOM
4. 2026-06-17
   days on market $175,900 Active 67 DOM
5. 2026-06-16
   days on market $175,900 Active 66 DOM
6. 2026-06-15
   days on market $175,900 Active 65 DOM
7. 2026-06-14
   days on market $175,900 Active 63 DOM
8. 2026-06-13
   days on market $175,900 Active 62 DOM
9. 2026-06-10
   days on market $175,900 Active 60 DOM
10. 2026-06-09
    days on market $175,900 Active 59 DOM
11. 2026-06-08
    days on market $175,900 Active 58 DOM
12. 2026-06-07
    days on market $175,900 Active 57 DOM
13. 2026-06-03
    days on market $175,900 Active 53 DOM
14. 2026-06-02
    days on market $175,900 Active 52 DOM
15. 2026-06-01
    days on market $175,900 Active 51 DOM
16. 2026-05-31
    days on market $175,900 Active 50 DOM
17. 2026-05-30
    days on market $175,900 Active 49 DOM
18. 2026-04-11
    listed $175,900 Active
19. 2023-05-19
    soldstatus $95,000
20. 2023-05-17
    soldstatus $95,000 Closed 485-char remark

    Show marketing remark (485 chars)

    Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

21. 2023-05-08
    status Pending 485-char remark

    Show marketing remark (485 chars)

    Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

22. 2023-04-27
    price $109,900 485-char remark

    Show marketing remark (485 chars)

    Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

23. 2023-04-24
    status Active 485-char remark

    Show marketing remark (485 chars)

    Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

24. 2023-04-16
    status Pending 485-char remark

    Show marketing remark (485 chars)

    Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

25. 2023-04-11
    listed $129,900 Active 485-char remark

    Show marketing remark (485 chars)

    Here's a cute house with tons of potential!!! A blank canvas waiting to be turned into a masterpiece! Its got good bones it just needs some TLC. There is original hard wood flooring in most of the house except bath and kitchen. Nice size living room and a good size kitchen, two bedrooms on the main level and upstairs a large open room that can be used as a bedroom as well. The home sits nicely on a corner lot and is close to downtown Vine Grove. Selling as is, easy financing only.

ⓘ 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: $928 · $77/mo
• Projected year-2 tax: $1,419 · $118/mo
• Expected delta: +$491/yr (+$41/mo · 52.9%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,330
• − Mortgage interest: −$9,243
• − Property taxes: −$928
• − Insurance: −$825
• − Repairs & maintenance: −$1,706
• − Management: −$1,706
• − Depreciation: −$4,800
• Taxable income: $2,121
• Est. tax owed @ 24.0%: −$509
• After-tax cash flow: $4,205/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 — Vine Grove

• Score: 72/100
• State rank: #124
• US rank: #5837

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vine Grove, KY
• Population (ZIP): 16,283

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 (81%)
• Race & ethnicity: White 81% Black 9% Two or more races 7% Hispanic / Latino 2% Asian 2%
• Common ancestry: Italian 2% Slovak 2% Serbian 1%
• Foreign-born: 3% · South Korea, Canada
• Languages at home: 95% English-only · Spanish 2% Tagalog/Filipino 1% German/W. Germanic 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: ▼ -16.55%
• Current HPI: 246.3715
• 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

+35.4% since first listed

8 events — show timeline

• 2026-04-11 Listed $175,900 HKARMLS
• 2023-05-19 Sold (Public Records) $95,000 Public Records
• 2023-05-17 Sold (MLS) $95,000 HKARMLS
• 2023-05-08 Pending — HKARMLS
• 2023-04-27 Price Changed $109,900 HKARMLS
• 2023-04-24 Relisted — HKARMLS
• 2023-04-16 Pending — HKARMLS
• 2023-04-11 Listed $129,900 HKARMLS

Property tax history

+5.4%/yr

Latest (2025): $928 · +1.1% YoY. Source: county tax records.