199 Walnut St · Hodgenville, KY 42748

$189,900

3 bd · 1.0 ba · 1,090 sqft · Other public records · 4 Days on market

Built 1949 0.33 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 +15.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

Key facts

• Large laundry room
• Spacious layout
• 0.33 acre lot

Tags

• LARGE COVERED FRONT PORCH
• ABUNDANCE OF NATURAL LIGHT
• SPACIOUS LAYOUT
• ABUNDANCE OF CABINETRY
• FULL APPLIANCE PACKAGE
• LARGE LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $190k.

Deal economics

• At list price, monthly cash flow is $80 ($963/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 $152k (20.0% below list).
• Recommended offer: $152k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.1% in Hodgenville — 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 65/100 on livability (#259 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Larue County (rural): math 26% / reading 40% proficiency, ranked #82 of 165 in KY (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hodgenville Elementary School (math 31% / reading 41%, grade F, #287 of 676 statewide, top 43%, 539 students, 53% FRL); Larue County Middle School (math 21% / reading 44%, grade F, #116 of 217 statewide, top 55%, 533 students, 54% FRL); Larue County High School (math 32% / reading 42%, grade F, #58 of 254 statewide, top 27%, 744 students, 46% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 79 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 65 units permitted in Larue County in 2024 (0 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 $6k of value loss. Plan a longer hold.
• Larue County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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.
• Current owner paid $37k; list at $190k implies a 413% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,934 (20.0% below list)

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 0.80% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.81%
• DSCR: 1.08
• GRM: 10.4

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: -13.5%
• Equity multiple: 0.52×
• Total profit: $-25,754
• Equity at exit: $28,315

10-year hold

• IRR: -4.7%
• Equity multiple: 0.69×
• Total profit: $-16,228
• Equity at exit: $16,419

Cash invested: $53,172 (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 42748

• Home prices YoY: -28.9%
• Active inventory: 79
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,519 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$45 /mo · $540/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $80

Break-even live

Break-even rent $1,418

Max offer price $189,900

Occupancy floor 90%

Sensitivity live

Price	-10% $188	-5% $134	+0% $80	+5% $27	+10% $-27
Rent	-10% $-40	-5% $20	+0% $80	+5% $140	+10% $200
Rate	-1.0pp $176	-0.5pp $129	base $80	+0.5pp $31	+1.0pp $-19

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
327 S Greensburg St Hodgenville, KY	3.0	1.0	1392	$1,100	$0.79	3d	1	0.64mi
35 Despain Ct Hodgenville, KY	2.0	2.0	1100	$2,100	$1.91	22d	1	0.89mi
40 Despain Ct Unit 1 Hodgenville, KY	2.0	2.0	1146	$1,395	$1.22	45d	1	0.89mi

Listing history 25 events

1. 2026-06-22
   days on market $189,900 Active 4 DOM
2. 2026-06-17
   days on marketlisting id $189,900 Active 1 DOM
3. 2026-06-17
   days on market $189,900 Active 30 DOM
4. 2026-06-16
   days on market $189,900 Active 29 DOM
5. 2026-06-15
   days on marketlisting id $189,900 Active 28 DOM
6. 2026-06-15
   days on market $189,900 Active 30 DOM
7. 2026-06-14
   days on market $189,900 Active 28 DOM
8. 2026-06-13
   days on market $189,900 Active 27 DOM
9. 2026-06-10
   days on market $189,900 Active 25 DOM
10. 2026-06-09
    days on market $189,900 Active 24 DOM
11. 2026-06-08
    days on market $189,900 Active 23 DOM
12. 2026-06-07
    days on market $189,900 Active 22 DOM
13. 2026-06-05
    remarks 693-char remark
14. 2026-06-05
    days on market $189,900 Active 19 DOM
15. 2026-06-03
    status $189,900 Active 17 DOM
16. 2026-04-10
    status Pending 1481-char remark

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

17. 2026-04-10
    status Pending

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

18. 2026-03-30
    status Active 1481-char remark

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

19. 2026-03-30
    status Active

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

20. 2026-03-23
    status Pending
21. 2026-03-21
    status Pending 1481-char remark

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

22. 2026-03-17
    listed $189,900 Active 1481-char remark

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

23. 2026-03-17
    listed $189,900 Active

    Show marketing remark (1481 chars)

    * * Welcome Home to Small-Town Charm in Hodgenville * * This delightful three-bedroom, two-bathroom home is ready to steal your heart from the moment you step onto the large covered front porch. Picture yourself sipping morning coffee while watching the world go by — this is Kentucky living at its finest. Step inside and you'll immediately notice the abundance of natural light streaming through the generous windows that grace this home. Fresh new carpet underfoot gives every room that just-moved-in feeling. The kitchen is the true heart of this home, offering a spacious layout complete with an abundance of cabinetry & a full appliance package that will make meal prep a joy. Adjacent to the kitchen, you'll find a wonderfully large laundry room equipped with pantry cabinets — because who doesn't need extra storage? This clever space also features an exterior door leading directly to the oversized deck, perfect for grilling, entertaining, or simply soaking up the fresh air. Outside, a durable metal roof provides peace of mind for years to come, while the detached garage with an attached carport ensures plenty of room for vehicles, tools, and weekend projects. Families will appreciate the convenient proximity to Larue County High School, located just a short drive away on South Lincoln Boulevard. This new listing won't last long in this charming community. Schedule your private showing today and discover the place you've been searching for!

24. 2019-07-19
    soldstatus $37,000
25. 1979-09-01
    soldstatus $28,750

ⓘ 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: $540 · $45/mo
• Projected year-2 tax: $1,633 · $136/mo
• Expected delta: +$1,093/yr (+$91/mo · 202.4%)

ⓘ 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 5/10 Major 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $18,232
• − Mortgage interest: −$10,637
• − Property taxes: −$540
• − Insurance: −$950
• − Repairs & maintenance: −$1,459
• − Management: −$1,459
• − Depreciation: −$5,524
• Taxable loss: −$2,336
• Est. tax savings @ 24.0%: +$561
• After-tax cash flow: $1,524/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: Larue County
• NCES district ID: 2103180
• Math proficiency: 26% ▼ -20.00%
• Reading proficiency: 40% ▼ -19.00%
• Median HH income: $39,784
• Composite: 27.66/100
• National rank: #6918
• State rank: #82 of 165 in KY

Livability — Hodgenville

• Score: 65/100
• State rank: #259
• US rank: #12858

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hodgenville, KY
• Population (ZIP): 9,189

Population outlook (Larue County) Hauer SSP2

• Today (2025): 14,441 people
• By 2030: 14,453 · +0.1%
• By 2040: 14,258 · -1.3%
• By 2050: 13,687 · -5.2%
• By 2075: 12,271 · -15.0%
• By 2100: 10,639 · -26.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4% Black 1%
• Common ancestry: Lithuanian 4% Serbian 3% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Larue

• 2024 margin: Solid R (+60.4) · D 19.1% · R 79.5% · Other 1.3%
• 2008→2024 swing: -24.1pp toward R · 2008: -36.3pp · 2024: -60.4pp
• All cycles: 2024: R+60.4 2020: R+57.3 2016: R+55.4 2012: R+37.8 2008: R+36.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.53%
• Current HPI: 241.8077
• 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

+560.5% since first listed

10 events — show timeline

• 2026-04-10 Pending — HKARMLS
• 2026-04-10 Pending — Metro Search MLS
• 2026-03-30 Relisted — HKARMLS
• 2026-03-30 Relisted — Metro Search MLS
• 2026-03-23 Pending — Metro Search MLS
• 2026-03-21 Pending — HKARMLS
• 2026-03-17 Listed $189,900 HKARMLS
• 2026-03-17 Listed $189,900 Metro Search MLS
• 2019-07-19 Sold (Public Records) $37,000 Public Records
• 1979-09-01 Sold (Public Records) $28,750 Public Records

Property tax history

-10.9%/yr

Latest (2022): $540 · -68.6% YoY. Source: county tax records.