115 Doty Hts · Lancaster, KY 40444

$145,000

2 bd · 1.0 ba · 832 sqft · Other · 32 Days on market

Built 2012 7,405 sqft lot

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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 +27.6/30.0
• DSCR +9.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.0/10.0

Listing remarks MLS

Welcome to 115 Doty Drive in Lancaster—updated and completely move-in ready. This charming home offers the ease of one-level living, making it an ideal fit for first-time buyers, downsizers, or investors seeking a turnkey opportunity. Featuring 2 bedrooms and 1 full bathroom, the home has been thoughtfully updated to provide a clean, modern feel while maintaining a functional layout. Every detail has been refreshed, allowing the next owner to step in with confidence and zero immediate projects. Situated on a spacious lot, there is plenty of room to enjoy outdoor living. The private driveway adds convenience and everyday ease. Located in a convenient Lancaster setting, this property combines affordability, updates, and low-maintenance living—making it a standout option in today's market. Whether you're looking for your first home or a strong addition to your investment portfolio, this one checks all the boxes.

Key facts

• Move-in ready
• Updated
• Private driveway

Tags

• ONE-LEVEL LIVING
• UPDATED
• MOVE-IN READY
• SPACIOUS LOT
• PRIVATE DRIVEWAY
• LOW-MAINTENANCE LIVING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $145k.

Deal economics

• At list price, monthly cash flow is $434 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#314 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A-; Watch: health & safety D+, schools D-, amenities F.
• Garrard County (rural): math 28% / reading 42% proficiency, ranked #63 of 165 in KY (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 170 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% 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. 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.
5. 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.
6. 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: 1.16% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.83%
• DSCR: 1.57
• GRM: 7.2

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: 2.6%
• Equity multiple: 1.10×
• Total profit: $4,116
• Equity at exit: $21,620

10-year hold

• IRR: 12.2%
• Equity multiple: 1.96×
• Total profit: $39,028
• Equity at exit: $12,537

Cash invested: $40,600 (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 40444

• Home prices YoY: -2.6%
• Active inventory: 170
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,683 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $434

Break-even live

Break-even rent $1,133

Max offer price $145,000

Occupancy floor 69%

Sensitivity live

Price	-10% $516	-5% $475	+0% $434	+5% $393	+10% $352
Rent	-10% $301	-5% $368	+0% $434	+5% $501	+10% $567
Rate	-1.0pp $507	-0.5pp $471	base $434	+0.5pp $397	+1.0pp $358

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-17
   status Pending 938-char remark

   Show marketing remark (938 chars)

   Welcome to 115 Doty Drive in Lancaster—updated and completely move-in ready. This charming home offers the ease of one-level living, making it an ideal fit for first-time buyers, downsizers, or investors seeking a turnkey opportunity. Featuring 2 bedrooms and 1 full bathroom, the home has been thoughtfully updated to provide a clean, modern feel while maintaining a functional layout. Every detail has been refreshed, allowing the next owner to step in with confidence and zero immediate projects. Situated on a spacious lot, there is plenty of room to enjoy outdoor living. The private driveway adds convenience and everyday ease. Located in a convenient Lancaster setting, this property combines affordability, updates, and low-maintenance living—making it a standout option in today's market. Whether you're looking for your first home or a strong addition to your investment portfolio, this one checks all the boxes.

2. 2026-05-11
   status Active 938-char remark

   Show marketing remark (938 chars)

   Welcome to 115 Doty Drive in Lancaster—updated and completely move-in ready. This charming home offers the ease of one-level living, making it an ideal fit for first-time buyers, downsizers, or investors seeking a turnkey opportunity. Featuring 2 bedrooms and 1 full bathroom, the home has been thoughtfully updated to provide a clean, modern feel while maintaining a functional layout. Every detail has been refreshed, allowing the next owner to step in with confidence and zero immediate projects. Situated on a spacious lot, there is plenty of room to enjoy outdoor living. The private driveway adds convenience and everyday ease. Located in a convenient Lancaster setting, this property combines affordability, updates, and low-maintenance living—making it a standout option in today's market. Whether you're looking for your first home or a strong addition to your investment portfolio, this one checks all the boxes.

3. 2026-04-20
   status Pending 938-char remark

   Show marketing remark (938 chars)

   Welcome to 115 Doty Drive in Lancaster—updated and completely move-in ready. This charming home offers the ease of one-level living, making it an ideal fit for first-time buyers, downsizers, or investors seeking a turnkey opportunity. Featuring 2 bedrooms and 1 full bathroom, the home has been thoughtfully updated to provide a clean, modern feel while maintaining a functional layout. Every detail has been refreshed, allowing the next owner to step in with confidence and zero immediate projects. Situated on a spacious lot, there is plenty of room to enjoy outdoor living. The private driveway adds convenience and everyday ease. Located in a convenient Lancaster setting, this property combines affordability, updates, and low-maintenance living—making it a standout option in today's market. Whether you're looking for your first home or a strong addition to your investment portfolio, this one checks all the boxes.

4. 2026-03-25
   listed $145,000 Active 938-char remark

   Show marketing remark (938 chars)

   Welcome to 115 Doty Drive in Lancaster—updated and completely move-in ready. This charming home offers the ease of one-level living, making it an ideal fit for first-time buyers, downsizers, or investors seeking a turnkey opportunity. Featuring 2 bedrooms and 1 full bathroom, the home has been thoughtfully updated to provide a clean, modern feel while maintaining a functional layout. Every detail has been refreshed, allowing the next owner to step in with confidence and zero immediate projects. Situated on a spacious lot, there is plenty of room to enjoy outdoor living. The private driveway adds convenience and everyday ease. Located in a convenient Lancaster setting, this property combines affordability, updates, and low-maintenance living—making it a standout option in today's market. Whether you're looking for your first home or a strong addition to your investment portfolio, this one checks all the boxes.

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $1,247 · $104/mo
• Expected delta: +$355/yr (+$30/mo · 39.8%)

ⓘ 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 ≥102°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 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: $20,193
• − Mortgage interest: −$8,122
• − Property taxes: −$892
• − Insurance: −$725
• − Repairs & maintenance: −$1,615
• − Management: −$1,615
• − Depreciation: −$4,218
• Taxable income: $3,004
• Est. tax owed @ 24.0%: −$721
• After-tax cash flow: $4,489/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: Garrard County
• NCES district ID: 2102160
• Math proficiency: 28% ▼ -12.00%
• Reading proficiency: 42% ▼ -11.00%
• Median HH income: $43,411
• Composite: 29.67/100
• National rank: #6462
• State rank: #63 of 165 in KY

Livability — Lancaster

• Score: 63/100
• State rank: #314
• US rank: #15040

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, KY
• Population (ZIP): 14,207

Population outlook (Garrard County) Hauer SSP2

• Today (2025): 17,852 people
• By 2030: 18,018 · +0.9%
• By 2040: 18,076 · +1.3%
• By 2050: 17,592 · -1.5%
• By 2075: 16,128 · -9.7%
• By 2100: 13,489 · -24.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Italian 1% Subsaharan African 1% Slovak 1%
• Foreign-born: 3% · Canada, Dominican Republic
• Languages at home: 97% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Garrard

• 2024 margin: Solid R (+60.2) · D 19.3% · R 79.5% · Other 1.3%
• 2008→2024 swing: -17.1pp toward R · 2008: -43.1pp · 2024: -60.2pp
• All cycles: 2024: R+60.2 2020: R+56.6 2016: R+58.5 2012: R+51.6 2008: R+43.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -8.08%
• Current HPI: 297.6233
• 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

4 events — show timeline

• 2026-05-17 Pending — ImagineMLS
• 2026-05-11 Relisted — ImagineMLS
• 2026-04-20 Pending — ImagineMLS
• 2026-03-25 Listed $145,000 ImagineMLS

Property tax history

-0.0%/yr

Latest (2025): $892 · -0.4% YoY. Source: county tax records.