1619 S 30th St · Louisville, KY 40211

$97,000

3 bd · 1.0 ba · 808 sqft · SingleFamily · 27 Days on market

Built 1928 2,169 sqft lot Est $121k · 20% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• 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

Auction Extravaganza! 22 Properties Selling to Highest Winning Bidder and 10003 Taylorsville Rd Selling with Reserve! Auction to be held on Thursday, December 6th at 5:30PM at Breckinridge Inn Louisville. This auction to be conducted by Elizabeth Monarch and Lonnie R. Gann, Auctioneers with Auction Solutions LLC & In Cooperation with eXp Realty. Terms of the Auction & List of Properties go to www.auctionsolutionsllc.com. ** Four Units Rented - 1326 S Preston - $612.00/m, 3407 Del Park Ter - $600.00/m, 2527 W Main Street - $654.00/m, 326 S 42nd Street - $750/m ** Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information.

Key facts

• 2,169 sq ft lot
• Built 1928
• Listed 27 days

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Utilities: Electricity connected
• Home design: Single-family ranch-style home; 1 story; Built in 1928
• Construction: Vinyl siding and wood-frame construction; Shingle roof; Crawl space foundation
• Exterior features: Level lot; Chain-link fencing

Interior

• Kitchen: Eat-in kitchen; Kitchen on the first floor; Formal dining room adjacent to kitchen
• Bedrooms: 2 bedrooms on the first floor
• Bathrooms: 1 full bathroom on the first floor
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Unfinished basement; Total of 6 rooms
• Laundry & utility: No first-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $97k.

Deal economics

• At list price, monthly cash flow is $381 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $97k).
• Recommended offer: $96k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.0% 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+, schools D-.
• 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.
• Market conditions: Rents rising fast (+4.9%/yr); 140 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).
• At $1,224/mo this rent would consume 46% of the median local household income ($32k/yr) (locally 1483% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $671 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 ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $16k; list at $97k implies a 488% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• 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 $95,545 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — 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. 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: 1.26% ✓
• Cap rate: 11.00%
• Cash-on-cash: 16.83%
• DSCR: 1.75
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $121,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3100 Southern Ave	0.19mi	2/1.0 (-1)	816 (+1%)	9mo	$78,000	$96	77
2811 Narragansett Dr	0.27mi	2/1.0 (-1)	771 (-5%)	5mo	$115,500	$150	71
2519 Standard Ave	0.53mi	2/1.0 (-1)	783 (-3%)	1mo	$87,000	$111	64
2611 Narragansett Dr	0.38mi	2/1.0 (-1)	754 (-7%)	4mo	$152,900	$203	62
2601 Dixdale Ave	0.54mi	2/1.0 (-1)	700 (-13%)	2mo	$106,000	$151	46
3505 Hudson Ave	0.68mi	2/1.0 (-1)	728 (-10%)	1mo	$92,000	$126	46
3020 Penway Ave	0.44mi	2/1.0 (-1)	700 (-13%)	10mo	$47,750	$68	44
1936 S 28th St	0.51mi	2/1.0 (-1)	708 (-12%)	8mo	$94,000	$133	44
2606 Dixdale Ave	0.54mi	2/1.0 (-1)	700 (-13%)	6mo	$134,900	$193	42
2306 Standard Ave	0.65mi	2/1.0 (-1)	900 (+11%)	4mo	$38,000	$42	42
3505 Regatta Way	0.64mi	3/1.0	925 (+14%)	10mo	$170,000	$184	38
3515 Bells Ln	0.75mi	2/1.0 (-1)	700 (-13%)	7mo	$143,000	$204	32

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: 9.9%
• Equity multiple: 1.40×
• Total profit: $10,853
• Equity at exit: $14,463

10-year hold

• IRR: 20.4%
• Equity multiple: 2.86×
• Total profit: $50,553
• Equity at exit: $8,387

Cash invested: $27,160 (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: 140
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,224 high
• Mortgage (P&I): −$509
• Tax from tax record: −$37 /mo · $443/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $381

Break-even live

Break-even rent $742

Max offer price $97,000

Occupancy floor 64%

Sensitivity live

Price	-10% $436	-5% $408	+0% $381	+5% $353	+10% $326
Rent	-10% $284	-5% $333	+0% $381	+5% $429	+10% $478
Rate	-1.0pp $430	-0.5pp $406	base $381	+0.5pp $356	+1.0pp $330

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: $24,250
• Closing costs: $2,910
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1622 Beech St Louisville, KY	4.0	1.0	1108	$1,445	$1.30	16d	1	0.02mi
3004 Wyandotte Ave Louisville, KY	2.0	1.0	700	$1,200	$1.71	16d	1	0.28mi
1439 Beech St Apt 1 Louisville, KY	3.0	1.5	1000	$820	$0.82	24d	1	0.29mi
1418 Beech St Unit 2 Louisville, KY	2.0	1.0	1000	$980	$0.98	22d	1	0.33mi
2706 Wyandotte Ave Louisville, KY	2.0	1.0	756	$1,295	$1.71	4d	1	0.38mi
3019 Penway Ave Louisville, KY	2.0	1.0	700	$960	$1.37	12d	1	0.39mi
3005 Linwood Ave Louisville, KY	2.0	1.0	700	$1,025	$1.46	16d	1	0.44mi
1927 S 28th St Louisville, KY	2.0	1.0	700	$1,200	$1.71	24d	1	0.46mi
2400 Burwell Ave Louisville, KY	2.0	1.0	972	$895	$0.92	16d	1	0.48mi
2629 Olive St Louisville, KY	4.0	1.0	1120	$1,500	$1.34	24d	1	0.51mi
1339 S 28th St Unit 3 Louisville, KY	3.0	1.0	1125	$1,175	$1.04	21d	1	0.54mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	11d	1	0.60mi
1816 Gregg Ave Louisville, KY	2.0	2.0	773	$1,100	$1.42	16d	1	0.62mi
1804 Russell Lee Dr Louisville, KY	1.0–3.0	1.0–1.5	810	$1,304	$1.61	2d	1	0.64mi
3215 Virginia Ave Louisville, KY	3.0	1.0	975	$924	$0.95	24d	1	0.70mi
1155 S 28th St Unit 4 Louisville, KY	4.0	2.0	1010	$1,350	$1.34	24d	1	0.74mi
2614 Virginia Ave Louisville, KY	2.0	1.0	975	$925	$0.95	24d	1	0.76mi
1145 Louis Coleman Jr Dr Louisville, KY	2.0	1.0	913	$875	$0.96	24d	1	0.77mi
3611 Regatta Way Louisville, KY	3.0	1.0	1035	$1,450	$1.40	16d	1	0.78mi
2706 Hale Ave Unit 2 Louisville, KY	2.0	1.0	900	$1,250	$1.39	24d	1	0.81mi
2706 Hale Ave Unit 1 Louisville, KY	3.0	1.0	1100	$1,400	$1.27	24d	1	0.81mi
1792 W Gaulbert Ave Louisville, KY	2.0	1.0	915	$950	$1.04	24d	1	0.89mi
2016 S 40th St Louisville, KY	2.0	1.0	700	$980	$1.40	16d	1	0.91mi
1333 S 22nd St Louisville, KY	2.0	1.0	744	$1,200	$1.61	24d	1	0.92mi
2311 Plantation Dr Louisville, KY	3.0	1.0	988	$1,200	$1.21	16d	1	0.96mi
1768 W Hill St Louisville, KY	2.0	1.0	675	$925	$1.37	24d	1	0.96mi
1854 W Ormsby Ave Louisville, KY	2.0	2.0	1094	$800	$0.73	16d	1	0.97mi
2821 Greenwood Ave #1 Louisville, KY	3.0	1.0	1113	$1,300	$1.17	24d	1	0.98mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	24d	1	0.98mi
2128 S 40th St Louisville, KY	2.0	1.0	942	$980	$1.04	16d	1	0.99mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	24d	1	1.03mi
2710 W Kentucky St Apt 2 Louisville, KY	3.0	1.0	1015	$1,300	$1.28	24d	1	1.07mi
1710 Saint Louis Ave Louisville, KY	2.0	1.0	720	$1,000	$1.39	4d	1	1.11mi
1714 W Hill St Louisville, KY	3.0	1.0	1050	$1,045	$1.00	24d	1	1.11mi
1708 W Gaulbert Ave Louisville, KY	3.0	1.0	936	$975	$1.04	24d	1	1.12mi
2724 Garland Ave Unit 202 Louisville, KY	2.0	1.0	950	$745	$0.78	4d	1	1.16mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	4d	1	1.17mi
1726 Sonne Ave Louisville, KY	2.0	1.0	820	$1,095	$1.34	16d	1	1.24mi
1731 Sonne Ave Louisville, KY	3.0	1.0	1010	$1,300	$1.29	16d	1	1.26mi
814 S 33rd St Louisville, KY	3.0	1.0	1104	$1,350	$1.22	4d	1	1.27mi

Listing history 19 events

1. 2026-06-18
   days on market $97,000 Active 27 DOM
2. 2026-06-17
   days on market $97,000 Active 26 DOM
3. 2026-06-16
   days on market $97,000 Active 25 DOM
4. 2026-06-15
   days on market $97,000 Active 24 DOM
5. 2026-06-13
   pricedays on market $97,000 Active 22 DOM
6. 2026-06-10
   days on market $100,000 Active 19 DOM
7. 2026-06-09
   days on market $100,000 Active 18 DOM
8. 2026-06-08
   days on market $100,000 Active 17 DOM
9. 2026-06-07
   days on market $100,000 Active 16 DOM
10. 2026-06-03
    days on market $100,000 Active 12 DOM
11. 2026-06-02
    days on market $100,000 Active 11 DOM
12. 2026-06-01
    days on market $100,000 Active 10 DOM
13. 2026-05-31
    days on market $100,000 Active 9 DOM
14. 2026-05-22
    listed $100,000 Active
15. 2018-12-28
    soldstatus $16,500 Closed 730-char remark

    Show marketing remark (730 chars)

    Auction Extravaganza! 22 Properties Selling to Highest Winning Bidder and 10003 Taylorsville Rd Selling with Reserve! Auction to be held on Thursday, December 6th at 5:30PM at Breckinridge Inn Louisville. This auction to be conducted by Elizabeth Monarch and Lonnie R. Gann, Auctioneers with Auction Solutions LLC & In Cooperation with eXp Realty. Terms of the Auction & List of Properties go to www.auctionsolutionsllc.com. ** Four Units Rented - 1326 S Preston - $612.00/m, 3407 Del Park Ter - $600.00/m, 2527 W Main Street - $654.00/m, 326 S 42nd Street - $750/m ** Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information.

16. 2018-12-07
    status Pending 730-char remark

    Show marketing remark (730 chars)

    Auction Extravaganza! 22 Properties Selling to Highest Winning Bidder and 10003 Taylorsville Rd Selling with Reserve! Auction to be held on Thursday, December 6th at 5:30PM at Breckinridge Inn Louisville. This auction to be conducted by Elizabeth Monarch and Lonnie R. Gann, Auctioneers with Auction Solutions LLC & In Cooperation with eXp Realty. Terms of the Auction & List of Properties go to www.auctionsolutionsllc.com. ** Four Units Rented - 1326 S Preston - $612.00/m, 3407 Del Park Ter - $600.00/m, 2527 W Main Street - $654.00/m, 326 S 42nd Street - $750/m ** Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information.

17. 2018-11-23
    listed $1 Active 730-char remark

    Show marketing remark (730 chars)

    Auction Extravaganza! 22 Properties Selling to Highest Winning Bidder and 10003 Taylorsville Rd Selling with Reserve! Auction to be held on Thursday, December 6th at 5:30PM at Breckinridge Inn Louisville. This auction to be conducted by Elizabeth Monarch and Lonnie R. Gann, Auctioneers with Auction Solutions LLC & In Cooperation with eXp Realty. Terms of the Auction & List of Properties go to www.auctionsolutionsllc.com. ** Four Units Rented - 1326 S Preston - $612.00/m, 3407 Del Park Ter - $600.00/m, 2527 W Main Street - $654.00/m, 326 S 42nd Street - $750/m ** Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information.

18. 2004-08-16
    soldstatus $15,000 174-char remark

    Show marketing remark (174 chars)

    To be sold in ''AS-IS'' condition. Bank will make no repairs. $1,000 earnest money due with offer. Letter of loan commitment or proof of funds to be included with all offers.

19. 2004-07-13
    listed $16,900 174-char remark

    Show marketing remark (174 chars)

    To be sold in ''AS-IS'' condition. Bank will make no repairs. $1,000 earnest money due with offer. Letter of loan commitment or proof of funds to be included with all offers.

ⓘ 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: $443 · $37/mo
• Projected year-2 tax: $834 · $70/mo
• Expected delta: +$391/yr (+$33/mo · 88.3%)

ⓘ 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 · 19 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: $14,687
• − Mortgage interest: −$5,434
• − Property taxes: −$443
• − Insurance: −$485
• − Repairs & maintenance: −$1,175
• − Management: −$1,175
• − Depreciation: −$2,822
• Taxable income: $3,154
• Est. tax owed @ 24.0%: −$757
• After-tax cash flow: $3,814/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

+491.7% since first listed

6 events — show timeline

• 2026-05-22 Listed $100,000 Metro Search MLS
• 2018-12-28 Sold (MLS) $16,500 Metro Search MLS
• 2018-12-07 Pending — Metro Search MLS
• 2018-11-23 Listed $1 Metro Search MLS
• 2004-08-16 Sold (MLS) $15,000 Metro Search MLS
• 2004-07-13 Listed $16,900 Metro Search MLS

Property tax history

+3.3%/yr

Latest (2025): $443 · -1.9% YoY. Source: county tax records.