PendingRisky Deal112 days on market
422 Locust Grove Rd
422 Locust Grove Rd, Shelbyville, KY 40065, Shelbyville, KY 40065
$395,000
Estimate®:$377,800
Listing Price
422 Locust Grove Rd, Shelbyville, KY 40065
Loc: Shelbyville, KY
Days Listed
112
Tax Assessed
$202k
Estimate®
$378k
Market Rate
Lot Size
5.06 acres
Rent Estimate
$2,140/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Clear Creek Elementary School
K-5
4.6 mi away
3
Shelby County West Middle School
6-8
6.8 mi away
4
Martha Layne Collins High School
9-12
6.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
farmhouse stylewrap-around porchdormer windowslarge grassy lawnrural settingtwo-storysiding exteriorshingle roofcozypeacefulsuburban residentiallandscaped
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.22%
Total ROI
50.5%
Cash Flow
$-661/mo
DSCR
0.68
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-661/mo net cash flow with a 4.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Shelbyville, KY
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-25 | Pending sale | $395,000 | $172 |
| 2026-09-11 | Price change | $395,000 | $172 |
| 2026-06-26 | Listed for sale | $425,000 | $185 |
| 2026-06-21 | Contingent | $425,000 | $185 |
| 2026-06-04 | Listed for sale | $425,000 | $185 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,311.85 | $201,500 |
| 2024 | $2,334.02 | $201,500 |
| 2023 | $2,366.26 | $201,500 |
| 2022 | $2,376.33 | $201,500 |
| 2021 | $2,436.8 | $201,500 |
| 2020 | $2,443.43 | $201,500 |
| 2019 | $2,443.43 | $201,500 |
| 2018 | $2,399.46 | $201,500 |
| 2017 | $2,399.46 | $201,500 |
| 2016 | $2,349.9 | $201,500 |
| 2015 | $2,349.9 | $201,500 |
| 2014 | $2,349.9 | $201,500 |
| 2013 | $2,349.9 | $201,500 |
| 2012 | $0 | $201,500 |
| 2011 | $0 | $201,500 |
| 2010 | $0 | $201,500 |
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