2726 Algonquin Pkwy · Louisville, KY 40210

$139,000

2 bd · 1.0 ba · 700 sqft · SingleFamily · 79 Days on market

Built 1951 5,088 sqft lot Est $105k · 32% over ↓ 6% since listing

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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 +13.1/30.0
• Appreciation +10.0/10.0
• Rent growth +4.5/5.0
• DSCR +3.9/10.0
• Livability +3.2/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks

Welcome to 2627 Algonquin Pkwy—where modern updates meet classic charm! FULL APPLIANCE PACKAGE OFFERED! This beautifully renovated home is move-in ready and perfect for buyers seeking style, comfort, and convenience. Step inside to discover a fresh, updated interior featuring a fully renovated kitchen complete with brand-new appliances, offering both functionality and a sleek, modern feel—perfect for everyday living & entertaining. The home also boasts a completely updated bathroom with contemporary finishes designed for comfort and style. Enjoy relaxing mornings or evening unwinding on the brand-new front porch, adding both curb appeal and a welcoming outdoor space. Every

Key facts

• Updated bathroom
• 5,088 sq ft lot
• Parking

Tags

• FULLY RENOVATED KITCHEN
• UPDATED BATHROOM
• BRAND-NEW FRONT PORCH

Property features AI

Finance

• Other: Subdivision: ALGONQUIN PLACE
• HOA & community: No association fee

Exterior

• Parking: Driveway
• Utilities: Electricity connected
• Home design: Single-family residence; Bungalow/Ranch style; 1 story
• Construction: Built in 1951; Vinyl siding with wood frame construction; Shingle roof; Crawl space foundation
• Exterior features: Partial wood fencing; Level lot

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: 2 bedrooms (both on the first floor)
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning; 1 HVAC unit
• Interior features: First-floor primary bedroom; First-floor laundry; Living room; Kitchen
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $-5 ($-54/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (0.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $105k (24.6% below list).
• Recommended offer: $105k (24.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#333 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety D+, crime F.
• Jefferson County (urban): math 19% / reading 35% proficiency, ranked #121 of 165 in KY (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Cane Run Elementary (math 2% / reading 12%, grade F, #662 of 676 statewide, top 99%, 377 students, 80% FRL); Stuart Academy (math 4% / reading 17%, grade F, #216 of 217 statewide, top 100%, 1,105 students, 72% FRL); Valley High (math 17% / reading 22%, grade F, #213 of 254 statewide, top 86%, 964 students, 70% FRL) — zoned schools average 74% FRL vs 56% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 12% at this address vs 27% district-wide (-15 pts) — the specific schools serving this property underperform the Jefferson County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.1%/yr); 93 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($961 loan paydown + $14k appreciation (10.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,751 (24.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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?
9. 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.
10. 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.
11. 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: 0.75% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.14%
• DSCR: 0.99
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $105,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3020 Penway Ave	0.07mi	2/1.0	700 (0%)	10mo	$47,750	$68	89
2703 Algonquin Pkwy	0.10mi	2/1.0	700 (0%)	14mo	$155,000	$221	84
1936 S 28th St	0.20mi	2/1.0	708 (+1%)	8mo	$94,000	$133	82
2601 Dixdale Ave	0.38mi	2/1.0	700 (0%)	2mo	$106,000	$151	81
2606 Dixdale Ave	0.35mi	2/1.0	700 (0%)	6mo	$134,900	$193	78
3505 Hudson Ave	0.42mi	2/1.0	728 (+4%)	1mo	$92,000	$126	73
3515 Bells Ln	0.48mi	2/1.0	700 (0%)	7mo	$143,000	$204	72
2312 S 35th St	0.40mi	2/1.0	700 (0%)	13mo	$85,000	$121	70
2809 Wyandotte Ave	0.24mi	2/1.0	750 (+7%)	12mo	$80,000	$107	67
2811 Narragansett Dr	0.26mi	2/1.0	771 (+10%)	5mo	$115,500	$150	67
2611 Narragansett Dr	0.37mi	2/1.0	754 (+8%)	5mo	$152,900	$203	66
2505 Bolling Ave	0.74mi	2/1.0	624 (-11%)	6mo	$65,000	$104	42

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

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 3.08×
• Total profit: $80,888
• Equity at exit: $125,222

10-year hold

• IRR: 23.8%
• Equity multiple: 7.48×
• Total profit: $252,017
• Equity at exit: $270,046

Cash invested: $38,920 (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 40210

• Home prices YoY: 12.1%
• Rents YoY: 8.1%
• Active inventory: 93
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,048 high
• Mortgage (P&I): −$729
• Tax from tax record: −$45 /mo · $542/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $-5

Break-even live

Break-even rent $1,053

Max offer price $138,202

Occupancy floor 95%

Sensitivity live

Price	-10% $74	-5% $35	+0% $-5	+5% $-44	+10% $-83
Rent	-10% $-87	-5% $-46	+0% $-5	+5% $37	+10% $78
Rate	-1.0pp $65	-0.5pp $31	base $-5	+0.5pp $-41	+1.0pp $-77

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3019 Penway Ave Louisville, KY	2.0	1.0	700	$960	$1.37	13d	1	0.05mi
3004 Wyandotte Ave Louisville, KY	2.0	1.0	700	$1,200	$1.71	17d	1	0.09mi
3005 Linwood Ave Louisville, KY	2.0	1.0	700	$1,025	$1.46	17d	1	0.09mi
1927 S 28th St Louisville, KY	2.0	1.0	700	$1,200	$1.71	25d	1	0.19mi
1443 S 32nd St Unit 2 Louisville, KY	1.0	1.0	550	$780	$1.42	25d	1	0.57mi
1804 Russell Lee Dr Louisville, KY	1.0–3.0	1.0–1.5	810	$1,124	$1.39	3d	1	0.67mi
1836 Algonquin Pkwy Unit 2 Louisville, KY	1.0	1.0	600	$650	$1.08	25d	1	0.68mi
1836 Algonquin Pkwy Unit 1 Louisville, KY	1.0	1.0	650	$650	$1.00	16d	1	0.68mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	600	$725	$1.21	25d	1	0.86mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	550	$650	$1.18	4d	1	0.86mi
1349 Olive St Unit 3 Louisville, KY	1.0	1.0	600	$695	$1.16	4d	1	0.86mi
2016 S 40th St Louisville, KY	2.0	1.0	700	$980	$1.40	17d	1	0.87mi
2807 Dumesnil St Unit 101 Louisville, KY	1.0	1.0	750	$950	$1.27	25d	1	0.95mi
1768 W Hill St Louisville, KY	2.0	1.0	675	$925	$1.37	25d	1	1.05mi
1333 S 22nd St Louisville, KY	2.0	1.0	744	$1,200	$1.61	25d	1	1.15mi
1710 Saint Louis Ave Louisville, KY	2.0	1.0	720	$1,000	$1.39	4d	1	1.28mi
1606 Algonquin Pkwy Unit 22 Louisville, KY	2.0	1.0	626	$750	$1.20	25d	1	1.28mi
1724 W Ormsby Ave #4 Louisville, KY	1.0	1.0	520	$750	$1.44	4d	1	1.47mi
3515 W Kentucky St Unit 3515-12 Louisville, KY	1.0	1.0	700	$695	$0.99	25d	1	1.47mi

Listing history 18 events

1. 2026-06-21
   days on market $139,000 Active 79 DOM
2. 2026-06-18
   days on market $139,000 Active 76 DOM
3. 2026-06-17
   days on market $139,000 Active 75 DOM
4. 2026-06-16
   days on market $139,000 Active 74 DOM
5. 2026-06-15
   days on market $139,000 Active 73 DOM
6. 2026-06-13
   days on market $139,000 Active 71 DOM
7. 2026-06-10
   days on market $139,000 Active 68 DOM
8. 2026-06-09
   days on market $139,000 Active 67 DOM
9. 2026-06-08
   days on market $139,000 Active 66 DOM
10. 2026-06-07
    days on market $139,000 Active 65 DOM
11. 2026-06-03
    days on market $139,000 Active 61 DOM
12. 2026-06-02
    days on market $139,000 Active 60 DOM
13. 2026-06-01
    days on market $139,000 Active 59 DOM
14. 2026-05-31
    days on market $139,000 Active 58 DOM
15. 2026-04-27
    price $139,000
16. 2026-04-03
    listed $148,000 Active
17. 2023-07-21
    historical $799
18. 2023-07-13
    listed $799

ⓘ 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: $542 · $45/mo
• Projected year-2 tax: $1,195 · $100/mo
• Expected delta: +$653/yr (+$54/mo · 120.4%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,570
• − Mortgage interest: −$7,786
• − Property taxes: −$542
• − Insurance: −$695
• − Repairs & maintenance: −$1,006
• − Management: −$1,006
• − Depreciation: −$4,044
• Taxable loss: −$2,508
• Est. tax savings @ 24.0%: +$602
• After-tax cash flow: $548/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: Jefferson County
• NCES district ID: 2102990
• Math proficiency: 19% ▼ -17.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $47,885
• Composite: 23.45/100
• National rank: #7884
• State rank: #121 of 165 in KY

Livability — Louisville

• Score: 63/100
• State rank: #333
• US rank: #15887

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Louisville, KY
• County: Jefferson County · 790,184 people
• City population: 769,292
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 13,518
• Household income: $35,347
• Rent vs Own: 56.0% rent · 44.0% own
• Severe rent burden: 815.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 823,112 people
• By 2030: 849,343 · +3.2%
• By 2040: 895,696 · +8.8%
• By 2050: 933,630 · +13.4%
• By 2075: 1,028,262 · +24.9%
• By 2100: 1,072,675 · +30.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% White 8% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3%

Political lean MEDSL · Jefferson

• 2024 margin: D (+16.6) · D 57.4% · R 40.9% · Other 1.7%
• 2008→2024 swing: +4.5pp toward D · 2008: 12.0pp · 2024: 16.6pp
• All cycles: 2024: D+16.6 2020: D+20.1 2016: D+13.3 2012: D+11.1 2008: D+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 28.45%
• Current HPI: 264.0146
• Rent YoY: ▲ 8.05%
• Metro: Louisville/Jefferson County, KY-IN
• 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

-6.1% since first listed

4 events — show timeline

• 2026-04-27 Price Changed $139,000 Metro Search MLS
• 2026-04-03 Listed $148,000 Metro Search MLS
• 2023-07-21 Rental Removed $799 BUILDIUM
• 2023-07-13 Listed for Rent $799 BUILDIUM

Property tax history

+2.8%/yr

Latest (2025): $542 · -1.9% YoY. Source: county tax records.