1037 Kaiser Ct · Louisville, KY 40211

$155,000

3 bd · 1.0 ba · 1,050 sqft · SingleFamily · 43 Days on market

Built 1959 6,586 sqft lot Est $143k · 9% 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 +15.4/30.0
• DSCR +4.7/10.0
• ARV discount +3.7/15.0
• Rent growth +3.7/5.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Seller is open to seller financing! Remodeled 3-bedroom, 1-bath gem tucked away on a quiet cul-de-sac! This move-in ready home offers the perfect blend of comfort, style, and convenience. Step inside to find fresh updates throughout, including modern finishes, updated flooring, and a bright, inviting layout designed for everyday living. The spacious living area flows seamlessly into the kitchen, creating an ideal space for both relaxing and entertaining. Each bedroom offers comfortable living space with great natural light. Outside, enjoy the added privacy of cul-de-sac living—perfect for peaceful evenings or hosting family and friends. Whether you're a first-time buyer or looking to

Key facts

• 6,586 sq ft lot
• Parking
• Built 1959

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Driveway
• Utilities: Electricity connected
• Home design: Single-family ranch-style home; One story; Built in 1959
• Construction: Vinyl siding exterior; Shingle roof; Crawl space foundation
• Exterior features: Full yard fencing; Lot dimensions approximately 41 x 166.5 feet

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 3 bedrooms, all on the first floor
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 5 total rooms; Living room on the first floor; No basement; Full bathroom on the first floor
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $61 ($731/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 $127k (18.4% below list).
• Recommended offer: $127k (18.4% 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: Foster Traditional Academy (math 2% / reading 12%, grade F, #662 of 676 statewide, top 99%, 578 students, 84% FRL); Conway Middle (math 4% / reading 20%, grade F, #215 of 217 statewide, top 99%, 730 students, 72% FRL); Western High (math 2% / reading 12%, grade F, #248 of 254 statewide, top 98%, 869 students, 77% FRL) — zoned schools average 78% FRL vs 56% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 9% at this address vs 27% district-wide (-18 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; 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 $1,265/mo this rent would consume 48% 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 $1k of loan paydown is wiped out by about $5k 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 43 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $126,544 (18.4% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.82% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.69%
• DSCR: 1.07
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $142,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4413 Sunset Ave	0.08mi	3/1.0	1,039 (-1%)	14mo	$200,000	$192	83
1206 Fairland Pl	0.30mi	3/1.0	999 (-5%)	2mo	$85,000	$85	76
4147 Virginia Ave	0.29mi	3/1.0	947 (-10%)	2mo	$80,200	$85	68
4413 Virginia Ave	0.22mi	3/1.0	1,000 (-5%)	21mo	$148,500	$149	64
4212 Winnrose Way	0.33mi	3/1.0	1,138 (+8%)	8mo	$145,000	$127	64
4212 Greenwood Ave	0.14mi	3/1.0	966 (-8%)	20mo	$50,000	$52	64
4208 Winnrose Way	0.34mi	2/1.5 (-1)	1,113 (+6%)	5mo	$89,999	$81	64
922 S 41st St	0.36mi	2/2.0 (-1)	1,062 (+1%)	14mo	$180,000	$169	60
4412 Exley Ct	0.20mi	3/1.0	900 (-14%)	12mo	$140,000	$156	57
1210 Cecil Ave	0.37mi	4/1.0 (+1)	1,201 (+14%)	5mo	$40,000	$33	50
1305 Fairland Pl	0.36mi	3/1.5	1,168 (+11%)	18mo	$170,900	$146	47
817 S 41st St	0.47mi	2/1.0 (-1)	955 (-9%)	16mo	$130,000	$136	45

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: -11.8%
• Equity multiple: 0.57×
• Total profit: $-18,872
• Equity at exit: $23,111

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-1,348
• Equity at exit: $13,402

Cash invested: $43,400 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,265 high
• Mortgage (P&I): −$813
• Tax from tax record: −$61 /mo · $736/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $61

Break-even live

Break-even rent $1,188

Max offer price $155,000

Occupancy floor 90%

Sensitivity live

Price	-10% $149	-5% $105	+0% $61	+5% $17	+10% $-27
Rent	-10% $-39	-5% $11	+0% $61	+5% $111	+10% $161
Rate	-1.0pp $139	-0.5pp $100	base $61	+0.5pp $21	+1.0pp $-20

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4221 Sunset Ave Louisville, KY	3.0	1.0	1075	$1,199	$1.12	25d	1	0.12mi
836 S 41st St Louisville, KY	3.0	1.0	1300	$1,300	$1.00	21d	1	0.40mi
803 Cecil Ave Louisville, KY	4.0	1.0	1165	$1,449	$1.24	12d	1	0.41mi
714 S 42nd St Louisville, KY	3.0	1.0	1078	$1,150	$1.07	17d	1	0.42mi
833 S 41st St Louisville, KY	3.0	2.0	786	$1,250	$1.59	25d	1	0.43mi
4514 Winnrose Way Louisville, KY	3.0	1.5	1064	$1,500	$1.41	3d	1	0.43mi
715 S 41st St Unit 1 Louisville, KY	4.0	1.0	1000	$1,295	$1.29	12d	1	0.54mi
714 S 40th St #2 Louisville, KY	3.0	1.0	1000	$1,250	$1.25	25d	1	0.57mi
729 S 39th St Unit 1 Louisville, KY	2.0	1.0	800	$800	$1.00	25d	1	0.64mi
823 S 38th St Louisville, KY	3.0	1.0	1100	$1,195	$1.09	5d	1	0.64mi
4309 Elliott Ave Unit 1 Louisville, KY	2.0	1.0	750	$650	$0.87	5d	1	0.70mi
4309 Elliott Ave Unit 1 Louisville, KY	2.0	1.0	750	$695	$0.93	25d	1	0.70mi
3611 Regatta Way Louisville, KY	3.0	1.0	1035	$1,450	$1.40	17d	1	0.73mi
644 S 40th St Louisville, KY	2.0	1.0	1200	$1,500	$1.25	4d	1	0.74mi
3514 Grand Ave Louisville, KY	3.0	1.5	1450	$1,295	$0.89	23d	1	0.77mi
628 S 39th St Louisville, KY	3.0	1.0	1448	$1,220	$0.84	17d	1	0.86mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	25d	1	0.87mi
648 S 37th St #3 Louisville, KY	2.0	1.0	807	$850	$1.05	25d	1	0.87mi
1145 Louis Coleman Jr Dr Louisville, KY	2.0	1.0	913	$875	$0.96	25d	1	0.92mi
803 S 35th St Louisville, KY	3.0	1.0	1486	$1,350	$0.91	25d	1	0.93mi
627 S 38th St Louisville, KY	4.0	1.0	1300	$1,349	$1.04	17d	1	0.93mi
4018 Vermont Ave Unit 1 Louisville, KY	2.0	1.0	700	$699	$1.00	5d	1	0.97mi
3819 River Park Dr Louisville, KY	3.0	1.0	1108	$1,090	$0.98	22d	1	0.99mi
814 S 33rd St Louisville, KY	3.0	1.0	1104	$1,350	$1.22	5d	1	1.02mi
4129 W Muhammad Ali Blvd Louisville, KY	4.0	2.0	1224	$1,500	$1.23	3d	1	1.04mi
3215 Virginia Ave Louisville, KY	3.0	1.0	975	$924	$0.95	25d	1	1.04mi
737 S 33rd St Louisville, KY	4.0	1.0	1356	$1,595	$1.18	25d	1	1.07mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	23d	1	1.09mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	25d	1	1.09mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	25d	1	1.14mi
1804 Russell Lee Dr Louisville, KY	1.0–3.0	1.0–1.5	810	$1,304	$1.61	3d	1	1.14mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	5d	1	1.16mi
2016 S 40th St Louisville, KY	2.0	1.0	700	$980	$1.40	17d	1	1.18mi
3421 River Park Dr Louisville, KY	3.0	1.0	994	$1,250	$1.26	25d	1	1.21mi
666 Eastlawn Ave Louisville, KY	2.0	1.0	936	$895	$0.96	17d	1	1.21mi
302 Cecil Ave Louisville, KY	2.0	1.0	984	$1,025	$1.04	17d	1	1.21mi
701 Hazel St Unit 3 Louisville, KY	2.0	1.0	832	$800	$0.96	12d	1	1.24mi
247 Cecil Ave Louisville, KY	3.0	2.0	1083	$1,305	$1.20	21d	1	1.25mi
2912 Greenwood Ave Louisville, KY	3.0	2.0	1362	$1,150	$0.84	17d	1	1.32mi
1418 Beech St Unit 2 Louisville, KY	2.0	1.0	1000	$980	$0.98	23d	1	1.33mi

Listing history 9 events

1. 2026-06-03
   days on market $155,000 Active 43 DOM
2. 2026-06-02
   days on market $155,000 Active 42 DOM
3. 2026-06-01
   days on market $155,000 Active 41 DOM
4. 2026-05-31
   days on market $155,000 Active 40 DOM
5. 2026-05-07
   price $155,000
6. 2026-04-21
   listed $159,900 Active
7. 2025-06-16
   price $149,900
8. 2005-10-30
   historical
9. 2005-05-05
   listed $42,500

ⓘ 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: $736 · $61/mo
• Projected year-2 tax: $1,333 · $111/mo
• Expected delta: +$597/yr (+$50/mo · 81.1%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°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: $15,185
• − Mortgage interest: −$8,682
• − Property taxes: −$736
• − Insurance: −$775
• − Repairs & maintenance: −$1,215
• − Management: −$1,215
• − Depreciation: −$4,509
• Taxable loss: −$1,947
• Est. tax savings @ 24.0%: +$467
• After-tax cash flow: $1,199/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

+264.7% since first listed

5 events — show timeline

• 2026-05-07 Price Changed $155,000 Metro Search MLS
• 2026-04-21 Listed $159,900 Metro Search MLS
• 2025-06-16 Price Changed $149,900 Metro Search MLS
• 2005-10-30 Listing Removed — Metro Search MLS
• 2005-05-05 Listed $42,500 Metro Search MLS

Property tax history

+1.6%/yr

Latest (2025): $736 · -1.9% YoY. Source: county tax records.