52 Drive Parker Ln Unit A, B, C · Corbin, KY 40734

$89,000

3 bd · 2.0 ba · 1,323 sqft · SingleFamily · 141 Days on market

Poor condition 0.50 ac lot $67/sqft · 40% below area Est $149k · 40% under ↓ 11% since listing

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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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.9/10.0
• Appreciation +6.2/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +1.0/5.0

Listing remarks MLS

3 buildings on one property, priced to sell fast in Gray, KY. This half acre property includes a main house and 2 mobile homes, all on the same parcel. Each building has its own electric meter, and there are at least two septic systems on site, offering flexibility for future use. The main house has a great layout with plenty of natural light. It offers a living room, an open kitchen and dining area, a separate laundry room, an oversized attached two car garage, 3 bedrooms, and 2 full bathrooms. The house need extensive repairs, but the layout works well and the potential is strong. One of the mobile homes is livable and has 3 bedrooms and 2 bathrooms, though it needs repairs and updates. The second mobile home is filled with debris and its condition is unknown. This is a property a buyer who sees the upside and is comfortable taking on repairs. With multiple structures already in place, this property offers solid potential for living and different strea of incomes and is priced to sell quickly.

Key facts

• Two septic systems
• Own electric meter
• Half acre property

Tags

• HALF ACRE PROPERTY
• MAIN HOUSE
• 2 MOBILE HOMES
• OWN ELECTRIC METER
• TWO SEPTIC SYSTEMS
• OPEN KITCHEN AND DINING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $89k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $222 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.3% in Corbin — 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 69/100 on livability (#179 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment F.
• Knox County (town): math 24% / reading 38% proficiency, ranked #116 of 165 in KY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 20 active listings in the ZIP.

Forward outlook

• In year one you build about $3k of equity ($615 loan paydown + $2k appreciation (2.4% local appreciation)).
• Knox County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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.
7. 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.
8. 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: 1.19% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.71%
• DSCR: 1.48
• GRM: 7.0

CMA / ARV

• ARV (median comp): $149,389
• List price: $89,000
• Delta: -40.42%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4014 North 830 Hwy	0.13mi	3/2.0	1,263 (-4%)	11mo	$189,000	$150	77
705 Ky 233 S	0.48mi	3/2.0	1,504 (+14%)	10mo	$184,000	$122	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.39% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.1%
• Equity multiple: 1.89×
• Total profit: $22,063
• Equity at exit: $37,003

10-year hold

• IRR: 18.1%
• Equity multiple: 3.50×
• Total profit: $62,348
• Equity at exit: $54,785

Cash invested: $24,920 (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 40734

• Home prices YoY: 1.6%
• Active inventory: 20
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,060 medium
• Mortgage (P&I): −$467
• Tax est. 1.5%: −$111 /mo · $1,335/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $222

Break-even live

Break-even rent $779

Max offer price $89,000

Occupancy floor 74%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-18
   days on market $89,000 Active 141 DOM
2. 2026-06-17
   status $89,000 Active 140 DOM
3. 2026-05-08
   status Pending 1013-char remark

   Show marketing remark (1013 chars)

   3 buildings on one property, priced to sell fast in Gray, KY. This half acre property includes a main house and 2 mobile homes, all on the same parcel. Each building has its own electric meter, and there are at least two septic systems on site, offering flexibility for future use. The main house has a great layout with plenty of natural light. It offers a living room, an open kitchen and dining area, a separate laundry room, an oversized attached two car garage, 3 bedrooms, and 2 full bathrooms. The house need extensive repairs, but the layout works well and the potential is strong. One of the mobile homes is livable and has 3 bedrooms and 2 bathrooms, though it needs repairs and updates. The second mobile home is filled with debris and its condition is unknown. This is a property a buyer who sees the upside and is comfortable taking on repairs. With multiple structures already in place, this property offers solid potential for living and different strea of incomes and is priced to sell quickly.

4. 2026-02-26
   price $89,000 1013-char remark

   Show marketing remark (1013 chars)

   3 buildings on one property, priced to sell fast in Gray, KY. This half acre property includes a main house and 2 mobile homes, all on the same parcel. Each building has its own electric meter, and there are at least two septic systems on site, offering flexibility for future use. The main house has a great layout with plenty of natural light. It offers a living room, an open kitchen and dining area, a separate laundry room, an oversized attached two car garage, 3 bedrooms, and 2 full bathrooms. The house need extensive repairs, but the layout works well and the potential is strong. One of the mobile homes is livable and has 3 bedrooms and 2 bathrooms, though it needs repairs and updates. The second mobile home is filled with debris and its condition is unknown. This is a property a buyer who sees the upside and is comfortable taking on repairs. With multiple structures already in place, this property offers solid potential for living and different strea of incomes and is priced to sell quickly.

5. 2025-12-18
   listed $100,000 Active 1013-char remark

   Show marketing remark (1013 chars)

   3 buildings on one property, priced to sell fast in Gray, KY. This half acre property includes a main house and 2 mobile homes, all on the same parcel. Each building has its own electric meter, and there are at least two septic systems on site, offering flexibility for future use. The main house has a great layout with plenty of natural light. It offers a living room, an open kitchen and dining area, a separate laundry room, an oversized attached two car garage, 3 bedrooms, and 2 full bathrooms. The house need extensive repairs, but the layout works well and the potential is strong. One of the mobile homes is livable and has 3 bedrooms and 2 bathrooms, though it needs repairs and updates. The second mobile home is filled with debris and its condition is unknown. This is a property a buyer who sees the upside and is comfortable taking on repairs. With multiple structures already in place, this property offers solid potential for living and different strea of incomes and is priced to sell quickly.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,720
• − Mortgage interest: −$4,985
• − Property taxes: −$1,335
• − Insurance: −$445
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$2,589
• Taxable income: $1,330
• Est. tax owed @ 24.0%: −$319
• After-tax cash flow: $2,349/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates to bring it up to a livable condition. Significant structural and aesthetic improvements are needed to increase its value.

Repairs flagged

• Major Exposed subfloor — Structural damage
• Major Missing cabinets — No storage
• Major Exposed fixtures — No functionality
• Major Exposed siding — Structural damage
• Major Exposed ductwork — No functionality

Value-add opportunities

• Resale New flooring — Enhances appearance
• Resale New cabinets — Provides storage
• Resale New fixtures — Enhances functionality
• Resale New siding — Enhances appearance
• Both New HVAC system — Enhances comfort and energy efficiency
• Both Landscaping — Enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed subfloor · Structural damage	Major	$15,000–50,000
Missing cabinets · No storage	Major	$15,000–50,000
Exposed fixtures · No functionality	Major	$15,000–50,000
Exposed siding · Structural damage	Major	$15,000–50,000
Exposed ductwork · No functionality	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Resale New flooring — Enhances appearance ↑
• Resale New cabinets — Provides storage ↑
• Resale New fixtures — Enhances functionality ↑
• Resale New siding — Enhances appearance ↑
• Both New HVAC system — Enhances comfort and energy efficiency ↑
• Both Landscaping — Enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Knox County
• NCES district ID: 2103150
• Math proficiency: 24% ▼ -20.00%
• Reading proficiency: 38% ▼ -19.00%
• Median HH income: $24,965
• Composite: 24.59/100
• National rank: #7636
• State rank: #116 of 165 in KY

Livability — Corbin

• Score: 69/100
• State rank: #179
• US rank: #8891

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,633

Population outlook (Knox County) Hauer SSP2

• Today (2025): 30,741 people
• By 2030: 29,887 · -2.8%
• By 2040: 27,940 · -9.1%
• By 2050: 25,826 · -16.0%
• By 2075: 20,895 · -32.0%
• By 2100: 16,238 · -47.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 2%
• Common ancestry: Serbian 2% Slovak 1% Lithuanian 1%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+71.1) · D 13.8% · R 85.0% · Other 1.2%
• 2008→2024 swing: -26.6pp toward R · 2008: -44.6pp · 2024: -71.1pp
• All cycles: 2024: R+71.1 2020: R+67.0 2016: R+67.7 2012: R+53.9 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.39%
• Current HPI: 155.129
• 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

-11.0% since first listed

3 events — show timeline

• 2026-05-08 Pending — ImagineMLS
• 2026-02-26 Price Changed $89,000 ImagineMLS
• 2025-12-18 Listed $100,000 ImagineMLS