2015 Tyrone Dr · Louisville, KY 40218

$1

4 bd · 2.5 ba · 1,643 sqft · SingleFamily · 6 Days on market

Built 1955 0.35 ac lot

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Why this score? — see what drove the F 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 +8.7/30.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Schools +2.3/10.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

LIVE ON-SITE REAL ESTATE AUCTION WITH INTERNET BIDDING AVAILABLE Auction Date: Thursday, June 18th at 3:00 PM EST Auction Previews Sunday, June 14th | 1:00 - 3:00 PM EST Thursday, June 18th | 1:00 -3:00 PM EST Property Features 4 Bedrooms | 2 Full Bathrooms| 1 Half Bathroom 1,643 ± Finished Sq. Ft. (1,331 Upstairs and 312 Basement Finished) 0.35 ± Acre Corner Lot Attached 1 Car Garage in Basement Concrete Driveway Beautiful Backyard

Key facts

• Beautiful backyard
• Corner lot
• Concrete driveway

Tags

• CORNER LOT
• CONCRETE DRIVEWAY
• BEAUTIFUL BACKYARD

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Attached garage (1 car) on lower level
• Utilities: Electricity connected; Natural gas available
• Home design: Traditional-style residential home; 2 stories; Auction property
• Construction: Built in 1955; Vinyl siding; Shingle roof; Poured concrete foundation
• Exterior features: Partial fencing; Lot approximately 0.35 acres

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 4 bedrooms total; Two bedrooms on the first floor; Two bedrooms on the second floor
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Electric heating; Central air; Wall/window unit(s)
• Interior features: Walkout finished basement; 7 total rooms; Family room and living room
• Laundry & utility: No first-floor laundry

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $244,807 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-206 ($-2k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).

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 falling (-3.5%/yr); 100 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).
• This rent runs 38% of the median local income ($59k/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 $2k of loan paydown is wiped out by about $7k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 367210.5% of price; built in 1955 — 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 $1

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. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 0.77% ✗
• Cap rate: 5.28%
• Cash-on-cash: -3.61%
• DSCR: 0.84
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $244,807
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3529 Mayo Dr	0.16mi	3/1.5 (-1)	1,653 (+1%)	12mo	$250,000	$151	72
3118 Sunny Ln	0.49mi	3/2.5 (-1)	1,587 (-3%)	3mo	$322,000	$203	64
3510 Tyrone Dr	0.08mi	3/2.0 (-1)	1,884 (+15%)	1mo	$256,500	$136	64
3530 Tyrone Dr	0.18mi	3/1.5 (-1)	1,440 (-12%)	10mo	$214,000	$149	54
3504 Terrier Ln	0.74mi	4/2.0	1,753 (+7%)	7mo	$235,000	$134	47
3315 Terrier Ln	0.67mi	4/1.5	1,828 (+11%)	22mo	$240,000	$131	28
2200 Paris Dr	0.59mi	3/2.0 (-1)	1,886 (+15%)	19mo	$275,000	$146	25
2308 Meadow Dr	0.68mi	3/1.0 (-1)	1,398 (-15%)	16mo	$239,900	$172	19

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -25.8%
• Equity multiple: 0.15×
• Total profit: $-58,296
• Equity at exit: $36,502

10-year hold

• IRR: -35.8%
• Equity multiple: -0.30×
• Total profit: $-88,868
• Equity at exit: $21,166

Cash invested: $68,546 (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 40218

• Rents YoY: -3.5%
• Active inventory: 100

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$1,284
• Tax est. 1.5%: −$306 /mo · $3,672/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $-206

Break-even live

Break-even rent $2,142

Max offer price $214,944

Occupancy floor —

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: $61,202
• Closing costs: $7,344
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2153 Goldsmith Ln Louisville, KY	1.0–3.0	1.0–2.0	950	$1,305	$1.37	3d	10	0.47mi
3013 Wellbrooke Rd Louisville, KY	3.0	2.0	1936	$2,250	$1.16	11d	1	0.80mi
3013 Wellbrooke Rd Louisville, KY	3.0	2.0	1936	$2,250	$1.16	3d	1	0.80mi
3552 Lisbon Ln Louisville, KY	3.0	1.0	1964	$1,895	$0.96	23d	1	0.92mi
2526 Gardiner Ln Louisville, KY	3.0	1.0	1400	$1,700	$1.21	16d	1	1.10mi
2810 Alice Ave Louisville, KY	4.0	2.0	1585	$2,450	$1.55	3d	1	1.36mi
4004 Carol Rd Louisville, KY	3.0	1.5	1150	$1,495	$1.30	16d	1	1.36mi

Listing history 6 events

1. 2026-06-18
   days on market $1 Active 6 DOM
2. 2026-06-17
   days on market $1 Active 5 DOM
3. 2026-06-16
   days on market $1 Active 4 DOM
4. 2026-06-15
   days on market $1 Active 3 DOM
5. 2026-06-13
   remarks 436-char remark
6. 2026-06-13
   listed $1 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,563
• − Mortgage interest: −$13,713
• − Property taxes: −$3,672
• − Insurance: −$1,224
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$7,122
• Taxable loss: −$6,777
• Est. tax savings @ 24.0%: +$1,627
• After-tax cash flow: $-850/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): 33,736
• Household income: $58,811
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 1590.0

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 0.69)
• Race & ethnicity: White 42% Black 32% Hispanic / Latino 17% Two or more races 16% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1% Cuban 7%
• Common ancestry: Lithuanian 1% Portuguese 1% Swiss 1%
• Foreign-born: 20% · Canada, India, Jamaica
• Languages at home: 77% English-only · Spanish 12% Other Indo-European 3% Arabic 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: ▼ -208.23%
• Current HPI: 257.9528
• Rent YoY: ▼ -3.47%
• 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

Property tax history

+10.0%/yr

Latest (2025): $3,037 · +91.2% YoY. Source: county tax records.