3618 Hudson Ave · Louisville, KY 40211

$150,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily · 16 Days on market

Built 1953 4,678 sqft lot Est $145k · at est.

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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 +15.6/30.0
• ARV discount +6.0/15.0
• DSCR +4.8/10.0
• Rent growth +3.7/5.0
• 1% rule +3.3/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

A great first time home with that extra 4th bedroom. This home has been remodeled with new carpet, kitchen flooring, freshly painted, new windows, updated electrical, new central air, and some new siding, as well as, bathroom fixtures. This home is ready for a new family that would like low monthly payments. Ideal for a Metro-County Government Grant. The seller is providing a home warranty. the seller is related to the listing agent.

Key facts

• White cabinets
• Front porch
• New flooring

Tags

• FRONT PORCH
• NEW FLOORING
• WHITE CABINETS
• SUBWAY TILE BACKSPLASH
• LARGE SINGLE SINK
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Subdivision: Algonquin Terrace
• HOA & community: No association fee; No monthly maintenance

Exterior

• Parking: Driveway
• Utilities: Electricity connected; Natural gas available; One HVAC unit
• Home design: Single-family ranch-style home; 1 story; Facing information not provided
• Construction: Built in 1953; Vinyl siding; Shingle roof; Poured concrete foundation
• Exterior features: Partial fencing; Located on a cul-de-sac

Interior

• Kitchen: Kitchen on the first floor; Dining area on the first floor
• Bedrooms: 3 bedrooms, all on the first floor
• Bathrooms: 1 full bathroom on the first floor
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: 6 total rooms; 6 closets; Basement (cellar)
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $64 ($773/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $125k (16.5% below list).
• Recommended offer: $125k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: Crums Lane Elementary (math 8% / reading 27%, grade F, #602 of 676 statewide, top 90%, 373 students, 77% FRL); Stuart Academy (math 4% / reading 17%, grade F, #216 of 217 statewide, top 100%, 1,105 students, 72% FRL); Western High (math 2% / reading 12%, grade F, #248 of 254 statewide, top 98%, 869 students, 77% FRL) — zoned schools average 75% FRL vs 56% district-wide (20 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 (+4.9%/yr); 144 active listings in the ZIP; 31 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $150k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — 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 $125,197 (16.5% below list)

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.83% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.84%
• DSCR: 1.08
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $145,152
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3326 Penway Ave	0.25mi	3/1.0	1,022 (+1%)	14mo	$158,000	$155	74
3721 Penway Ave	0.15mi	3/2.0	1,080 (+7%)	10mo	$170,000	$157	69
2031 S 41st St	0.46mi	2/1.0 (-1)	1,056 (+5%)	21mo	$130,000	$123	48
3410 Chauncey Ave	0.64mi	2/1.0 (-1)	1,044 (+4%)	14mo	$72,500	$69	48
3305 Pacific Ct	0.44mi	4/1.5 (+1)	1,125 (+12%)	14mo	$200,000	$178	41
1504 Weaver Ct	0.72mi	4/2.0 (+1)	1,104 (+10%)	5mo	$105,000	$95	37
3010 Wyandotte Ave	0.61mi	4/1.0 (+1)	1,148 (+14%)	12mo	$165,000	$144	33

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: -11.5%
• Equity multiple: 0.57×
• Total profit: $-17,852
• Equity at exit: $22,365

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-233
• Equity at exit: $12,969

Cash invested: $42,000 (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 40211

• Home prices YoY: -33.4%
• Rents YoY: 4.9%
• Active inventory: 144
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,252 high
• Mortgage (P&I): −$787
• Tax from tax record: −$75 /mo · $906/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $64

Break-even live

Break-even rent $1,170

Max offer price $150,000

Occupancy floor 90%

Sensitivity live

Price	-10% $149	-5% $107	+0% $64	+5% $22	+10% $-20
Rent	-10% $-34	-5% $15	+0% $64	+5% $114	+10% $163
Rate	-1.0pp $140	-0.5pp $103	base $64	+0.5pp $26	+1.0pp $-14

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3313 Penway Ave Louisville, KY	4.0	2.0	1142	$1,645	$1.44	25d	1	0.31mi
2128 S 40th St Louisville, KY	2.0	1.0	942	$980	$1.04	17d	1	0.33mi
1804 Russell Lee Dr Louisville, KY	1.0–3.0	1.0–1.5	810	$1,304	$1.61	3d	1	0.40mi
2016 S 40th St Louisville, KY	2.0	1.0	700	$980	$1.40	17d	1	0.41mi
3019 Penway Ave Louisville, KY	2.0	1.0	700	$960	$1.37	13d	1	0.50mi
3005 Linwood Ave Louisville, KY	2.0	1.0	700	$1,025	$1.46	17d	1	0.55mi
3004 Wyandotte Ave Louisville, KY	2.0	1.0	700	$1,200	$1.71	17d	1	0.63mi
1927 S 28th St Louisville, KY	2.0	1.0	700	$1,200	$1.71	25d	1	0.70mi
1622 Beech St Louisville, KY	4.0	1.0	1108	$1,445	$1.30	17d	1	0.74mi
2629 Olive St Louisville, KY	4.0	1.0	1120	$1,500	$1.34	25d	1	0.79mi
2706 Wyandotte Ave Louisville, KY	2.0	1.0	756	$1,295	$1.71	5d	1	0.84mi
1439 Beech St Apt 1 Louisville, KY	3.0	1.5	1000	$820	$0.82	25d	1	0.96mi
1418 Beech St Unit 2 Louisville, KY	2.0	1.0	1000	$980	$0.98	23d	1	0.98mi
3611 Regatta Way Louisville, KY	3.0	1.0	1035	$1,450	$1.40	17d	1	1.00mi
2311 Plantation Dr Louisville, KY	3.0	1.0	988	$1,200	$1.21	17d	1	1.04mi
2400 Burwell Ave Louisville, KY	2.0	1.0	972	$895	$0.92	17d	1	1.10mi
1816 Gregg Ave Louisville, KY	2.0	2.0	773	$1,100	$1.42	17d	1	1.13mi
3215 Virginia Ave Louisville, KY	3.0	1.0	975	$924	$0.95	25d	1	1.21mi
1145 Louis Coleman Jr Dr Louisville, KY	2.0	1.0	913	$875	$0.96	25d	1	1.22mi
1339 S 28th St Unit 3 Louisville, KY	3.0	1.0	1125	$1,175	$1.04	22d	1	1.25mi
4514 Winnrose Way Louisville, KY	3.0	1.5	1064	$1,500	$1.41	3d	1	1.26mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	12d	1	1.26mi
3514 Grand Ave Louisville, KY	3.0	1.5	1450	$1,295	$0.89	23d	1	1.31mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	23d	1	1.35mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	25d	1	1.35mi
1726 Sonne Ave Louisville, KY	2.0	1.0	820	$1,095	$1.34	17d	1	1.37mi
1410 Standard Village Cir Louisville, KY	3.0	2.0	1200	$900	$0.75	25d	1	1.39mi
4221 Sunset Ave Louisville, KY	3.0	1.0	1075	$1,199	$1.12	25d	1	1.42mi
1155 S 28th St Unit 4 Louisville, KY	4.0	2.0	1010	$1,350	$1.34	25d	1	1.42mi
1731 Sonne Ave Louisville, KY	3.0	1.0	1010	$1,300	$1.29	17d	1	1.42mi
2614 Virginia Ave Louisville, KY	2.0	1.0	975	$925	$0.95	25d	1	1.48mi

Listing history 21 events

1. 2026-06-21
   days on market $150,000 Active 16 DOM
2. 2026-06-18
   days on market $150,000 Active 13 DOM
3. 2026-06-17
   days on market $150,000 Active 12 DOM
4. 2026-06-16
   days on market $150,000 Active 11 DOM
5. 2026-06-15
   days on market $150,000 Active 10 DOM
6. 2026-06-13
   days on market $150,000 Active 8 DOM
7. 2026-06-10
   days on market $150,000 Active 5 DOM
8. 2026-06-09
   days on market $150,000 Active 4 DOM
9. 2026-06-08
   days on market $150,000 Active 3 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    pricedays on marketlisting id $150,000 Active 2 DOM
12. 2026-06-01
    days on market $165,000 Active 11 DOM
13. 2026-05-31
    days on market $165,000 Active 10 DOM
14. 2026-05-21
    listed $165,000 Active
15. 2026-04-15
    price $174,999
16. 2026-02-23
    soldstatus $85,000
17. 2019-10-21
    soldstatus $66,000
18. 2019-10-16
    soldstatus $66,000 Closed 442-char remark

    Show marketing remark (442 chars)

    A great first time home with that extra 4th bedroom. This home has been remodeled with new carpet, kitchen flooring, freshly painted, new windows, updated electrical, new central air, and some new siding, as well as, bathroom fixtures. This home is ready for a new family that would like low monthly payments. Ideal for a Metro-County Government Grant. The seller is providing a home warranty. the seller is related to the listing agent.

19. 2019-09-04
    status Pending 442-char remark

    Show marketing remark (442 chars)

    A great first time home with that extra 4th bedroom. This home has been remodeled with new carpet, kitchen flooring, freshly painted, new windows, updated electrical, new central air, and some new siding, as well as, bathroom fixtures. This home is ready for a new family that would like low monthly payments. Ideal for a Metro-County Government Grant. The seller is providing a home warranty. the seller is related to the listing agent.

20. 2019-08-25
    listed $66,000 Active 442-char remark

    Show marketing remark (442 chars)

    A great first time home with that extra 4th bedroom. This home has been remodeled with new carpet, kitchen flooring, freshly painted, new windows, updated electrical, new central air, and some new siding, as well as, bathroom fixtures. This home is ready for a new family that would like low monthly payments. Ideal for a Metro-County Government Grant. The seller is providing a home warranty. the seller is related to the listing agent.

21. 2019-08-25
    price $66,000 442-char remark

    Show marketing remark (442 chars)

    A great first time home with that extra 4th bedroom. This home has been remodeled with new carpet, kitchen flooring, freshly painted, new windows, updated electrical, new central air, and some new siding, as well as, bathroom fixtures. This home is ready for a new family that would like low monthly payments. Ideal for a Metro-County Government Grant. The seller is providing a home warranty. the seller is related to the listing agent.

ⓘ 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: $906 · $75/mo
• Projected year-2 tax: $1,290 · $108/mo
• Expected delta: +$384/yr (+$32/mo · 42.4%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,024
• − Mortgage interest: −$8,402
• − Property taxes: −$906
• − Insurance: −$750
• − Repairs & maintenance: −$1,202
• − Management: −$1,202
• − Depreciation: −$4,364
• Taxable loss: −$1,802
• Est. tax savings @ 24.0%: +$432
• After-tax cash flow: $1,206/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

+150.0% since first listed

8 events — show timeline

• 2026-05-21 Listed $165,000 Metro Search MLS
• 2026-04-15 Price Changed $174,999 Metro Search MLS
• 2026-02-23 Sold (Public Records) $85,000 Public Records
• 2019-10-21 Sold (Public Records) $66,000 Public Records
• 2019-10-16 Sold (MLS) $66,000 Metro Search MLS
• 2019-09-04 Pending — Metro Search MLS
• 2019-08-25 Price Changed $66,000 Metro Search MLS
• 2019-08-25 Listed $66,000 Metro Search MLS

Property tax history

+7.8%/yr

Latest (2025): $906 · -1.9% YoY. Source: county tax records.