2730 Chase Ct · Louisville, KY 40211

$95,000

2 bd · 1.0 ba · 810 sqft · SingleFamily · 111 Days on market

Built 1926 2,365 sqft lot

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Why this score? — see what drove the C 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 +25.1/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Rent growth +3.7/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION INVESTORS AND FIRST TIME HOMEBUYERS!! Don't miss your opportunity to OWN a home for under 35,000!  This BEAUTIFUL newly REMODELED home offers STAINLESS STEEL appliances, CENTRAL A/C, HARDWOOD FLOORS, ceramic tile in kitchen and bath and a full unfinished BASEMENT!! Enjoy OFF STREET PARKING and your own private walkway! Schedule your private showing today!  This property won't last long!! 

Key facts

• Brand new furnace
• Brand new ac
• 2,365 sq ft lot

Tags

• BRAND NEW FURNACE
• BRAND NEW AC

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: No parking
• Utilities: Electricity connected
• Home design: Single family residence; Bungalow style; 2 stories; Built in 1926
• Construction: Vinyl siding and wood frame construction; Shingle roof; Poured concrete foundation
• Exterior features: Chain link fencing; Lot about 0.05 acres

Interior

• Kitchen: Kitchen on the first floor; Dining area on the first floor
• Bedrooms: 2 bedrooms (both on the first floor)
• Bathrooms: 1 full bathroom (on the first floor); No half bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: 5 total rooms; 3 closets; Unfinished basement
• Laundry & utility: Basement laundry; No first-floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $209 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 5.0% in Louisville — 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 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: Byck Elementary (math 2% / reading 12%, grade F, #662 of 676 statewide, top 99%, 287 students, 91% FRL); Crosby Middle (math 32% / reading 49%, grade F, #57 of 217 statewide, top 26%, 1,016 students, 46% FRL); Seneca High (math 8% / reading 17%, grade F, #228 of 254 statewide, top 91%, 1,309 students, 64% FRL).
• Market conditions: Rents rising fast (+4.9%/yr); 144 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $27k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y ago; this cycle's ask has dropped $15k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
7. 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.
8. 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.
9. 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: 8.93%
• Cash-on-cash: 9.42%
• DSCR: 1.42
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $54,270
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
503 S 32nd St	0.55mi	2/1.0	832 (+3%)	8mo	$35,000	$42	63
111 S 28th St	0.70mi	2/1.0	816 (+1%)	9mo	$106,900	$131	58
2214 Cedar St	0.64mi	2/1.0	886 (+9%)	4mo	$46,000	$52	51
2230 Congress St	0.73mi	1/1.0 (-1)	856 (+6%)	2mo	$38,500	$45	50
3301 Greenwood Ave	0.74mi	2/1.5	769 (-5%)	10mo	$123,000	$160	47
518 S 28th St	0.30mi	1/1.0 (-1)	896 (+11%)	20mo	$30,000	$33	47
3425 Vermont Ave	0.70mi	2/1.0	912 (+13%)	4mo	$36,500	$40	43
2645 Grand Ave	0.66mi	2/1.0	926 (+14%)	3mo	$62,000	$67	43
2327 Garland Ave	0.50mi	2/1.0	928 (+15%)	14mo	$65,500	$71	41
3120 W Jefferson St	0.70mi	1/1.0 (-1)	731 (-10%)	9mo	$89,000	$122	38
419 Louis Coleman Jr Dr	0.74mi	3/1.0 (+1)	880 (+9%)	16mo	$65,000	$74	33
745 S 36th St	0.73mi	3/1.0 (+1)	913 (+13%)	15mo	$53,900	$59	27

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

Projected returns pro-forma

-3.0% appreciation · 4.87% rent growth · sell at horizon

5-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-203
• Equity at exit: $14,165

10-year hold

• IRR: 11.2%
• Equity multiple: 1.94×
• Total profit: $25,034
• Equity at exit: $8,214

Cash invested: $26,600 (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 40211

• Home prices YoY: -33.4%
• Rents YoY: 4.9%
• Active inventory: 144
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,005 high
• Mortgage (P&I): −$498
• Tax from tax record: −$47 /mo · $567/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $209

Break-even live

Break-even rent $741

Max offer price $95,000

Occupancy floor 74%

Sensitivity live

Price	-10% $263	-5% $236	+0% $209	+5% $182	+10% $155
Rent	-10% $129	-5% $169	+0% $209	+5% $248	+10% $288
Rate	-1.0pp $257	-0.5pp $233	base $209	+0.5pp $184	+1.0pp $159

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2733 Chase Ct Louisville, KY	2.0	1.0	900	$900	$1.00	18d	1	0.04mi
2631 W Madison St Unit 2 Louisville, KY	2.0	1.0	928	$850	$0.92	19d	1	0.33mi
2631 W Madison St Unit 2 Louisville, KY	2.0	1.0	928	$850	$0.92	25d	1	0.33mi
2631 W Madison St Unit 1 Louisville, KY	3.0	1.0	928	$950	$1.02	25d	1	0.33mi
2411 Elliott Ave Louisville, KY	2.0	1.0	892	$895	$1.00	25d	1	0.33mi
701 Hazel St Unit 3 Louisville, KY	2.0	1.0	832	$800	$0.96	12d	1	0.35mi
2724 Garland Ave Unit 202 Louisville, KY	2.0	1.0	950	$745	$0.78	5d	1	0.37mi
2310 W Broadway Unit 1 Louisville, KY	1.0	1.0	1100	$975	$0.89	5d	1	0.41mi
666 Eastlawn Ave Louisville, KY	2.0	1.0	936	$895	$0.96	18d	1	0.42mi
3124 Vermont Ave Louisville, KY	1.0	1.0	650	$699	$1.08	25d	1	0.46mi
3124 Vermont Ave Unit 3124-1 Louisville, KY	1.0	1.0	650	$695	$1.07	25d	1	0.46mi
2710 W Kentucky St Apt 2 Louisville, KY	3.0	1.0	1015	$1,300	$1.28	25d	1	0.47mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	5d	1	0.47mi
2513 Date St Unit 2 Louisville, KY	1.0	1.0	700	$745	$1.06	5d	1	0.47mi
2623 Cedar St Louisville, KY	3.0	1.0	1000	$1,000	$1.00	25d	1	0.50mi
2300 W Madison St Louisville, KY	2.0	1.0	900	$850	$0.94	25d	1	0.52mi
848 S 23rd St Louisville, KY	3.0	1.5	1050	$1,450	$1.38	25d	1	0.52mi
2821 Greenwood Ave #1 Louisville, KY	3.0	1.0	1113	$1,300	$1.17	25d	1	0.53mi
2718 W Jefferson St Louisville, KY	1.0	1.0	633	$699	$1.10	23d	1	0.56mi
2718 W Jefferson St Unit 2718-3 Louisville, KY	1.0	1.0	633	$699	$1.10	25d	1	0.56mi
814 S 33rd St Louisville, KY	3.0	1.0	1104	$1,350	$1.22	5d	1	0.56mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	25d	1	0.56mi
2614 W Jefferson St Louisville, KY	1.0	1.0	633	$695	$1.10	22d	1	0.57mi
2614 W Jefferson St Unit 2614-4 Louisville, KY	2.0	1.0	740	$795	$1.07	25d	1	0.57mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	25d	1	0.57mi
2221 W Madison St Louisville, KY	2.0	1.0	1000	$1,350	$1.35	23d	1	0.58mi
2221 W Madison St Louisville, KY	3.0	1.0	1000	$1,350	$1.35	25d	1	0.58mi
691 Madelon Ct Louisville, KY	1.0	1.0	650	$675	$1.04	13d	1	0.60mi
3421 River Park Dr Louisville, KY	3.0	1.0	994	$1,250	$1.26	25d	1	0.66mi
2706 Hale Ave Unit 2 Louisville, KY	2.0	1.0	900	$1,250	$1.39	25d	1	0.76mi
2706 Hale Ave Unit 1 Louisville, KY	3.0	1.0	1100	$1,400	$1.27	25d	1	0.76mi
515 S 20th St Louisville, KY	2.0	1.0	1000	$995	$0.99	18d	1	0.77mi
3515 W Kentucky St Unit 3515-12 Louisville, KY	1.0	1.0	700	$695	$0.99	25d	1	0.79mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	25d	1	0.86mi
220 Doctor W. J. Hodge St Unit 1 Louisville, KY	1.0	1.0	570	$700	$1.23	19d	1	0.86mi
2614 Virginia Ave Louisville, KY	2.0	1.0	975	$925	$0.95	25d	1	0.86mi
648 S 37th St #3 Louisville, KY	2.0	1.0	807	$850	$1.05	25d	1	0.87mi
2927 Rowan St Louisville, KY	3.0	1.0	1008	$1,205	$1.20	13d	1	0.91mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	12d	1	0.91mi
2807 Dumesnil St Unit 101 Louisville, KY	1.0	1.0	750	$950	$1.27	25d	1	0.91mi

Listing history 26 events

1. 2026-06-21
   days on market $95,000 Active 111 DOM
2. 2026-06-18
   days on market $95,000 Active 108 DOM
3. 2026-06-17
   days on market $95,000 Active 107 DOM
4. 2026-06-16
   days on market $95,000 Active 106 DOM
5. 2026-06-15
   days on market $95,000 Active 105 DOM
6. 2026-06-13
   days on market $95,000 Active 103 DOM
7. 2026-06-10
   days on market $95,000 Active 100 DOM
8. 2026-06-09
   days on market $95,000 Active 99 DOM
9. 2026-06-08
   days on market $95,000 Active 98 DOM
10. 2026-06-07
    pricedays on market $95,000 Active 97 DOM
11. 2026-06-03
    days on market $99,999 Active 93 DOM
12. 2026-06-02
    days on market $99,999 Active 92 DOM
13. 2026-06-01
    days on market $99,999 Active 91 DOM
14. 2026-05-31
    days on market $99,999 Active 90 DOM
15. 2026-04-14
    price $99,999
16. 2026-03-18
    price $105,000
17. 2026-03-02
    listed $110,000 Active
18. 2021-04-21
    soldstatus $65,000
19. 2017-02-22
    soldstatus $31,500
20. 2017-02-14
    soldstatus $31,500 Closed 426-char remark

    Show marketing remark (426 chars)

    ATTENTION INVESTORS AND FIRST TIME HOMEBUYERS!! Don't miss your opportunity to OWN a home for under 35,000!  This BEAUTIFUL newly REMODELED home offers STAINLESS STEEL appliances, CENTRAL A/C, HARDWOOD FLOORS, ceramic tile in kitchen and bath and a full unfinished BASEMENT!! Enjoy OFF STREET PARKING and your own private walkway! Schedule your private showing today!  This property won't last long!! 

21. 2017-01-07
    status Pending 426-char remark

    Show marketing remark (426 chars)

    ATTENTION INVESTORS AND FIRST TIME HOMEBUYERS!! Don't miss your opportunity to OWN a home for under 35,000!  This BEAUTIFUL newly REMODELED home offers STAINLESS STEEL appliances, CENTRAL A/C, HARDWOOD FLOORS, ceramic tile in kitchen and bath and a full unfinished BASEMENT!! Enjoy OFF STREET PARKING and your own private walkway! Schedule your private showing today!  This property won't last long!! 

22. 2016-12-13
    listed $37,900 Active 426-char remark

    Show marketing remark (426 chars)

    ATTENTION INVESTORS AND FIRST TIME HOMEBUYERS!! Don't miss your opportunity to OWN a home for under 35,000!  This BEAUTIFUL newly REMODELED home offers STAINLESS STEEL appliances, CENTRAL A/C, HARDWOOD FLOORS, ceramic tile in kitchen and bath and a full unfinished BASEMENT!! Enjoy OFF STREET PARKING and your own private walkway! Schedule your private showing today!  This property won't last long!! 

23. 2016-12-13
    price $34,900 426-char remark

    Show marketing remark (426 chars)

    ATTENTION INVESTORS AND FIRST TIME HOMEBUYERS!! Don't miss your opportunity to OWN a home for under 35,000!  This BEAUTIFUL newly REMODELED home offers STAINLESS STEEL appliances, CENTRAL A/C, HARDWOOD FLOORS, ceramic tile in kitchen and bath and a full unfinished BASEMENT!! Enjoy OFF STREET PARKING and your own private walkway! Schedule your private showing today!  This property won't last long!! 

24. 2005-10-03
    historical
25. 2005-07-29
    soldstatus $331,375
26. 2004-01-26
    listed $46,000

ⓘ 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: $567 · $47/mo
• Projected year-2 tax: $817 · $68/mo
• Expected delta: +$250/yr (+$21/mo · 44.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (shaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 20 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,057
• − Mortgage interest: −$5,321
• − Property taxes: −$567
• − Insurance: −$475
• − Repairs & maintenance: −$965
• − Management: −$965
• − Depreciation: −$2,764
• Taxable income: $1,001
• Est. tax owed @ 24.0%: −$240
• After-tax cash flow: $2,265/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): 20,407
• Household income: $31,749
• Rent vs Own: 58.6% rent · 41.4% own
• Severe rent burden: 1483.0

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 (90%)
• Race & ethnicity: Black 90% White 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

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: ▼ -88.22%
• Current HPI: 176.337
• Rent YoY: ▲ 4.87%
• 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

+117.4% since first listed

12 events — show timeline

• 2026-04-14 Price Changed $99,999 Metro Search MLS
• 2026-03-18 Price Changed $105,000 Metro Search MLS
• 2026-03-02 Listed $110,000 Metro Search MLS
• 2021-04-21 Sold (Public Records) $65,000 Public Records
• 2017-02-22 Sold (Public Records) $31,500 Public Records
• 2017-02-14 Sold (MLS) $31,500 Metro Search MLS
• 2017-01-07 Pending — Metro Search MLS
• 2016-12-13 Listed $37,900 Metro Search MLS
• 2016-12-13 Price Changed $34,900 Metro Search MLS
• 2005-10-03 Listing Removed — Metro Search MLS
• 2005-07-29 Sold (Public Records) $331,375 Public Records
• 2004-01-26 Listed $46,000 Metro Search MLS

Property tax history

+3.2%/yr

Latest (2025): $567 · -1.9% YoY. Source: county tax records.