1316 Weller Ave · Louisville, KY 40208

$150,000

4 bd · 1.5 ba · 1,344 sqft · SingleFamily · 146 Days on market

Built 1947 5,001 sqft lot Est $142k · 5% over

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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 +21.0/30.0
• DSCR +6.7/10.0
• ARV discount +5.1/15.0
• 1% rule +4.8/10.0
• Rent growth +4.0/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

Key facts

• Recent updates
• Functional layout
• Good yard space

Tags

• MID-CENTURY CHARM
• FUNCTIONAL LAYOUT
• GOOD YARD SPACE
• RECENT UPDATES

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Utilities: Electricity connected
• Home design: Single-family ranch-style home; One story; Built in 1947
• Construction: Aluminum siding; Shingle roof; Crawl space foundation
• Exterior features: Privacy fencing; Lot in Parkdale subdivision

Interior

• Kitchen: Eat-in kitchen on the first floor; Formal dining room adjacent to the kitchen
• Bedrooms: Four bedrooms, all on the first floor
• Bathrooms: One full bathroom on the first floor; One half bathroom on the first floor
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Seven total rooms; Five closets; No basement; First-floor primary bedroom
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/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 $147k (2.1% below list).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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 (+6.1%/yr); 76 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).
• This rent runs 45% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y 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 $76k; list at $150k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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. 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?
8. 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.
9. 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.
10. 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: 0.98% ✗
• Cap rate: 7.97%
• Cash-on-cash: 6.00%
• DSCR: 1.27
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $142,464
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1516 Larchmont Ave	0.24mi	3/2.0 (-1)	1,396 (+4%)	5mo	$199,000	$143	71
1274 Weller Ave	0.07mi	3/1.0 (-1)	1,180 (-12%)	6mo	$82,000	$69	64
1401 Homeview Dr	0.39mi	4/1.0	1,244 (-7%)	5mo	$127,000	$102	64
713 Creel Ave	0.53mi	3/1.0 (-1)	1,385 (+3%)	5mo	$155,000	$112	59
1330 Phyllis Ave	0.73mi	4/2.0	1,333 (-1%)	7mo	$80,500	$60	57
1121 Larchmont Ave	0.61mi	3/2.0 (-1)	1,426 (+6%)	3mo	$150,000	$105	52
1125 Homeview Dr	0.64mi	3/1.0 (-1)	1,230 (-8%)	2mo	$125,000	$102	47
628 Davies Ave	0.75mi	3/1.0 (-1)	1,247 (-7%)	2mo	$103,000	$83	44
1127 Lillian Ave	0.47mi	3/1.0 (-1)	1,152 (-14%)	5mo	$122,500	$106	43
1716 Kennedy Rd	0.72mi	3/1.0 (-1)	1,225 (-9%)	3mo	$200,000	$163	42
613 Creel Ave	0.63mi	3/1.0 (-1)	1,182 (-12%)	3mo	$185,000	$157	41
1752 Dixdale Ave	0.67mi	3/3.0 (-1)	1,500 (+12%)	5mo	$189,000	$126	34

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 · 6.06% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.85×
• Total profit: $-6,294
• Equity at exit: $22,365

10-year hold

• IRR: 8.8%
• Equity multiple: 1.76×
• Total profit: $31,994
• 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 40208

• Home prices YoY: -23.3%
• Rents YoY: 6.1%
• Active inventory: 76
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,469 high
• Mortgage (P&I): −$787
• Tax from tax record: −$101 /mo · $1,214/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $210

Break-even live

Break-even rent $1,203

Max offer price $150,000

Occupancy floor 81%

Sensitivity live

Price	-10% $295	-5% $253	+0% $210	+5% $168	+10% $125
Rent	-10% $94	-5% $152	+0% $210	+5% $268	+10% $326
Rate	-1.0pp $286	-0.5pp $248	base $210	+0.5pp $171	+1.0pp $132

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
1147 Lincoln Ave Louisville, KY	4.0	1.0	1323	$1,295	$0.98	4d	1	0.28mi
1244 Algonquin Pkwy Louisville, KY	3.0	1.5	1136	$1,400	$1.23	25d	1	0.33mi
1301 Lillian Ave Louisville, KY	3.0	1.0	974	$1,250	$1.28	17d	1	0.35mi
2826 Taylor Blvd Louisville, KY	3.0	1.0	1044	$1,345	$1.29	25d	1	0.55mi
510 Colorado Ave Louisville, KY	3.0	2.0	1500	$1,750	$1.17	25d	1	0.75mi
1731 Sonne Ave Louisville, KY	3.0	1.0	1010	$1,300	$1.29	17d	1	0.76mi
1708 W Gaulbert Ave Louisville, KY	3.0	1.0	936	$975	$1.04	25d	1	0.88mi
2501 S 4th St Louisville, KY	1.0–3.0	1.0–3.0	897	$6,345	$7.07	4d	1	0.88mi
1501 Bellamy Pl Louisville, KY	2.0–4.0	2.0–4.0	1074	$2,676	$2.49	4d	1	0.92mi
1714 W Hill St Louisville, KY	3.0	1.0	1050	$1,045	$1.00	25d	1	0.94mi
315 M St Unit 101 Louisville, KY	3.0	1.5	1200	$1,800	$1.50	13d	1	0.96mi
2711 S 3rd St Unit 1 Louisville, KY	4.0	2.0	1800	$2,400	$1.33	13d	1	1.01mi
1774 Bolling Ave Louisville, KY	3.0	2.0	1611	$1,300	$0.81	11d	1	1.06mi
2 Eutropia Ct Louisville, KY	3.0	2.0	1367	$1,950	$1.43	18d	1	1.08mi
2311 Plantation Dr Louisville, KY	3.0	1.0	988	$1,200	$1.21	17d	1	1.10mi
1522 Clara Ave Louisville, KY	3.0	2.0	1150	$1,150	$1.00	25d	1	1.14mi
414 W Hill St Louisville, KY	3.0	1.5	1150	$1,500	$1.30	25d	1	1.20mi
925 W Evelyn Ave Louisville, KY	3.0	1.5	1520	$1,650	$1.09	25d	1	1.27mi
3102 Grant Ave Louisville, KY	4.0	2.0	1603	$1,595	$1.00	25d	1	1.28mi
615 Dresden Ave Louisville, KY	3.0	1.0	884	$1,450	$1.64	25d	1	1.28mi
2629 Olive St Louisville, KY	4.0	1.0	1120	$1,500	$1.34	25d	1	1.32mi
3860 Southern Pkwy Louisville, KY	3.0	1.0	1064	$1,250	$1.17	25d	1	1.34mi
216 W Burnett Ave Unit 216A Louisville, KY	3.0	1.0	900	$1,150	$1.28	18d	1	1.39mi
551 Denmark St Louisville, KY	3.0	1.5	1160	$1,700	$1.47	25d	1	1.40mi
310 W Kenton St Louisville, KY	3.0	2.0	1295	$1,350	$1.04	25d	1	1.41mi
3909 Southern Pkwy Unit 2 Louisville, KY	3.0	1.0	1000	$1,100	$1.10	4d	1	1.41mi
1445 S 2nd St Unit 3 Louisville, KY	3.0	1.0	1290	$1,500	$1.16	15d	1	1.46mi
1410 Standard Village Cir Louisville, KY	3.0	2.0	1200	$900	$0.75	25d	1	1.47mi
910 W Whitney Ave Louisville, KY	3.0	1.0	1186	$1,450	$1.22	13d	1	1.49mi
910 W Whitney Ave Louisville, KY	3.0	1.0	1186	$1,450	$1.22	3d	1	1.49mi
4007 Southern Pkwy Unit 1 Louisville, KY	4.0	1.0	1500	$1,395	$0.93	4d	1	1.49mi

Listing history 24 events

1. 2026-06-10
   days on market $150,000 Active 146 DOM
2. 2026-06-09
   days on market $150,000 Active 145 DOM
3. 2026-06-08
   days on market $150,000 Active 144 DOM
4. 2026-06-07
   days on market $150,000 Active 143 DOM
5. 2026-06-03
   days on market $150,000 Active 139 DOM
6. 2026-06-02
   days on market $150,000 Active 138 DOM
7. 2026-06-01
   days on market $150,000 Active 137 DOM
8. 2026-05-31
   days on market $150,000 Active 136 DOM
9. 2026-03-31
   status Active
10. 2026-02-25
    historical Active Under Contract
11. 2026-01-15
    listed $150,000 Active
12. 2020-03-27
    soldstatus $75,500
13. 2020-03-24
    soldstatus $75,500 Closed 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

14. 2020-03-06
    status Pending 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

15. 2020-02-10
    status Active 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

16. 2020-02-04
    status Pending 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

17. 2020-01-08
    status Active 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

18. 2019-12-23
    status Pending 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

19. 2019-12-18
    listed $79,995 Active 524-char remark

    Show marketing remark (524 chars)

    Hurry! Move in ready 4 bedrooms, 1.5 Bath ranch for under 80k!! Open kitchen and dining area, with kitchen appliances to remain. Large fenced back yard and huge covered porch with ramp. Recent updates include furnace, air, roof and gas line. Property sold AS IS with absolutely no warranties expressed written or implied. Buyer to verify any and all information or lack of information including but not limited to square footage, lot size, utilities, foundations, environmental concerns, zoning and intended uses, etc.

20. 2007-03-05
    soldstatus $64,900
21. 2007-03-01
    soldstatus $64,900 174-char remark

    Show marketing remark (174 chars)

    ****REDUCED**** Don't pass on this roomy FOUR (4) bedroom, balf & half with eat-in kitchen, fenced back yard. Check out square footage for this price!!! INVESTORS WELCOME

22. 2006-09-08
    listed $65,000 174-char remark

    Show marketing remark (174 chars)

    ****REDUCED**** Don't pass on this roomy FOUR (4) bedroom, balf & half with eat-in kitchen, fenced back yard. Check out square footage for this price!!! INVESTORS WELCOME

23. 2006-04-21
    historical
24. 2005-10-21
    listed $77,900

ⓘ 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: $1,214 · $101/mo
• Projected year-2 tax: $1,290 · $108/mo
• Expected delta: +$76/yr (+$6/mo · 6.3%)

ⓘ 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: $17,626
• − Mortgage interest: −$8,402
• − Property taxes: −$1,214
• − Insurance: −$750
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$4,364
• Taxable income: $76
• Est. tax owed @ 24.0%: −$18
• After-tax cash flow: $2,503/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): 15,605
• Household income: $39,560
• Rent vs Own: 73.8% rent · 26.2% own
• Severe rent burden: 1136.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 62% Black 22% Two or more races 9% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 90% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -72.97%
• Current HPI: 240.6261
• Rent YoY: ▲ 6.06%
• 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

+92.6% since first listed

16 events — show timeline

• 2026-03-31 Relisted — Metro Search MLS
• 2026-02-25 Contingent — Metro Search MLS
• 2026-01-15 Listed $150,000 Metro Search MLS
• 2020-03-27 Sold (Public Records) $75,500 Public Records
• 2020-03-24 Sold (MLS) $75,500 Metro Search MLS
• 2020-03-06 Pending — Metro Search MLS
• 2020-02-10 Relisted — Metro Search MLS
• 2020-02-04 Pending — Metro Search MLS
• 2020-01-08 Relisted — Metro Search MLS
• 2019-12-23 Pending — Metro Search MLS
• 2019-12-18 Listed $79,995 Metro Search MLS
• 2007-03-05 Sold (Public Records) $64,900 Public Records
• 2007-03-01 Sold (MLS) $64,900 Metro Search MLS
• 2006-09-08 Listed $65,000 Metro Search MLS
• 2006-04-21 Listing Removed — Metro Search MLS
• 2005-10-21 Listed $77,900 Metro Search MLS

Property tax history

+14.5%/yr

Latest (2025): $1,214 · -1.9% YoY. Source: county tax records.