85 Arrowhead Rd · Eddyville, KY 42038

$250,000

3 bd · 2.0 ba · 1,120 sqft · Other public records · 241 Days on market

Built 1985 0.71 ac lot $223/sqft · 12% above area Est $360k · 31% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +5.6/10.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience the best of Eddyville living with this rare dual-property package at 83 & 85 Arrowhead Rd—just minutes from beautiful Lake Barkley! The main residence offers comfortable everyday living, while the detached addition provides incredible flexibility with two rooms, a kitchen, and a full bathroom—perfect for guests, extended family, or short-term rental income. Whether you’re seeking a peaceful primary home, a vacation retreat, or an investment opportunity, this property delivers. Enjoy lake life convenience with easy access to marinas, dining, and outdoor recreation, all while having room for family and friends to spread out. With its versatile layout, desirable location, and endless potential, this is your chance to own a move-in-ready property near one of Kentucky’s favorite lake destinations. Live, rent, or relax—the choice is yours.

Key facts

• Outdoor recreation
• Versatile layout
• Full bathroom

Tags

• DETACHED ADDITION
• FULL BATHROOM
• EASY ACCESS TO MARINAS
• OUTDOOR RECREATION
• VERSATILE LAYOUT
• MOVE-IN-READY PROPERTY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $250k.

Deal economics

• At list price, monthly cash flow is $569 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 3.5% in Eddyville — 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 (#174 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: amenities F, commute F, employment F.
• Lyon County (rural): math 45% / reading 52% proficiency, ranked #13 of 165 in KY (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lyon County Elementary School (math 42% / reading 57%, grade D, #100 of 676 statewide, top 16%, 457 students, 58% FRL); Lyon County Middle School (math 51% / reading 54%, grade C+, #16 of 217 statewide, top 7%, 243 students, 51% FRL); Lyon County High School (math 32% / reading 37%, grade F, #76 of 254 statewide, top 34%, 298 students, 46% FRL).
• Market conditions: 118 active listings in the ZIP; 3 units permitted in Lyon County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lyon County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $50k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.06% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.76%
• DSCR: 1.43
• GRM: 7.9

CMA / ARV

• ARV (median comp): $359,857
• List price: $250,000
• Delta: -30.53%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -1.6%
• Equity multiple: 0.94×
• Total profit: $-4,348
• Equity at exit: $37,276

10-year hold

• IRR: 8.0%
• Equity multiple: 1.61×
• Total profit: $42,528
• Equity at exit: $21,615

Cash invested: $70,000 (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 42038

• Home prices YoY: -30.7%
• Active inventory: 118
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,639 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$100 /mo · $1,202/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$554
• Net cashflow: $569

Break-even live

Break-even rent $1,918

Max offer price $250,000

Occupancy floor 73%

Sensitivity live

Price	-10% $711	-5% $640	+0% $569	+5% $498	+10% $428
Rent	-10% $361	-5% $465	+0% $569	+5% $673	+10% $778
Rate	-1.0pp $695	-0.5pp $633	base $569	+0.5pp $504	+1.0pp $439

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $250,000 Active 241 DOM
2. 2026-06-21
   days on market $250,000 Active 240 DOM
3. 2026-06-18
   days on market $250,000 Active 238 DOM
4. 2026-06-17
   days on market $250,000 Active 237 DOM
5. 2026-06-16
   days on market $250,000 Active 236 DOM
6. 2026-06-15
   days on market $250,000 Active 235 DOM
7. 2026-06-13
   days on market $250,000 Active 233 DOM
8. 2026-06-12
   days on market $250,000 Active 232 DOM
9. 2026-06-09
   days on market $250,000 Active 229 DOM
10. 2026-06-08
    days on market $250,000 Active 228 DOM
11. 2026-06-07
    days on market $250,000 Active 227 DOM
12. 2026-06-07
    days on market $250,000 Active 226 DOM
13. 2026-06-04
    days on market $250,000 Active 223 DOM
14. 2026-06-02
    days on market $250,000 Active 222 DOM
15. 2026-06-01
    days on market $250,000 Active 221 DOM
16. 2026-05-31
    days on market $250,000 Active 220 DOM
17. 2026-05-31
    days on market $250,000 Active 219 DOM
18. 2026-04-10
    price $250,000 892-char remark

    Show marketing remark (892 chars)

    Experience the best of Eddyville living with this rare dual-property package at 83 & 85 Arrowhead Rd—just minutes from beautiful Lake Barkley! The main residence offers comfortable everyday living, while the detached addition provides incredible flexibility with two rooms, a kitchen, and a full bathroom—perfect for guests, extended family, or short-term rental income. Whether you’re seeking a peaceful primary home, a vacation retreat, or an investment opportunity, this property delivers. Enjoy lake life convenience with easy access to marinas, dining, and outdoor recreation, all while having room for family and friends to spread out. With its versatile layout, desirable location, and endless potential, this is your chance to own a move-in-ready property near one of Kentucky’s favorite lake destinations. Live, rent, or relax—the choice is yours.

19. 2025-10-23
    listed $300,000 Active 892-char remark

    Show marketing remark (892 chars)

    Experience the best of Eddyville living with this rare dual-property package at 83 & 85 Arrowhead Rd—just minutes from beautiful Lake Barkley! The main residence offers comfortable everyday living, while the detached addition provides incredible flexibility with two rooms, a kitchen, and a full bathroom—perfect for guests, extended family, or short-term rental income. Whether you’re seeking a peaceful primary home, a vacation retreat, or an investment opportunity, this property delivers. Enjoy lake life convenience with easy access to marinas, dining, and outdoor recreation, all while having room for family and friends to spread out. With its versatile layout, desirable location, and endless potential, this is your chance to own a move-in-ready property near one of Kentucky’s favorite lake destinations. Live, rent, or relax—the choice is yours.

20. 2018-09-24
    listed $49,900

ⓘ 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: $1,202 · $100/mo
• Projected year-2 tax: $2,150 · $179/mo
• Expected delta: +$948/yr (+$79/mo · 78.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $31,664
• − Mortgage interest: −$14,004
• − Property taxes: −$1,202
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,533
• − Management: −$2,533
• − Depreciation: −$7,273
• Taxable income: $2,869
• Est. tax owed @ 24.0%: −$689
• After-tax cash flow: $6,142/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: Lyon County
• NCES district ID: 2103690
• Math proficiency: 45% ▼ -15.00%
• Reading proficiency: 52% ▼ -13.00%
• Median HH income: $43,899
• Composite: 40.94/100
• National rank: #3607
• State rank: #13 of 165 in KY

Livability — Eddyville

• Score: 69/100
• State rank: #174
• US rank: #8755

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): 6,045

Population outlook (Lyon County) Hauer SSP2

• Today (2025): 8,330 people
• By 2030: 8,308 · -0.3%
• By 2040: 8,196 · -1.6%
• By 2050: 8,069 · -3.1%
• By 2075: 8,131 · -2.4%
• By 2100: 6,856 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Italian 3% Serbian 2% Slovak 1%
• Foreign-born: 1%

Political lean MEDSL · Lyon

• 2024 margin: Solid R (+53.4) · D 22.7% · R 76.1% · Other 1.2%
• 2008→2024 swing: -36.8pp toward R · 2008: -16.7pp · 2024: -53.4pp
• All cycles: 2024: R+53.4 2020: R+47.5 2016: R+44.0 2012: R+27.1 2008: R+16.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.82%
• Current HPI: 148.5677
• 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

+401.0% since first listed

3 events — show timeline

• 2026-04-10 Price Changed $250,000 WKRMLS
• 2025-10-23 Listed $300,000 WKRMLS
• 2018-09-24 Listed $49,900 WKRMLS

Property tax history

+11.1%/yr

Latest (2025): $1,202 · -1.1% YoY. Source: county tax records.