200 Mohawk Ave · Louisville, KY 40209

$159,000

4 bd · 2.0 ba · 1,550 sqft · SingleFamily · 70 Days on market

Built 1915 2,744 sqft lot Est $219k · 27% under

---

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 +24.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• Appreciation +7.0/10.0
• 1% rule +5.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

SELLING AS-IS. NEEDS COMPLETE REHAB. OWNERS ANXIOUS AND MOTIVATED. BRING OFFER.

Key facts

• 2,744 sq ft lot
• Built 1915
• Listed 69 days

Property features AI

Finance

• Other: Subdivision: HIGHLAND PARK
• HOA & community: No association fee

Exterior

• Utilities: Electricity connected; Natural gas service
• Home design: Single family residence; Camelback architectural style; Two stories; Built in 1915
• Construction: Wood frame construction; Shingle roof; Crawl space foundation
• Exterior features: Chain-link fencing; Cleared and level lot

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Four bedrooms total; Two bedrooms on the first floor; Two bedrooms on the second floor; Primary bedroom on the first floor
• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; One HVAC unit for heating and one for cooling
• Interior features: Six total rooms; Five closets; Basement: None; First-floor laundry
• Laundry & utility: Laundry located on the first floor

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $149k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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: 3 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $6k appreciation (4.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (4.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 18y 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 $32k; list at $159k implies a 397% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — 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. 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: 1.06% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.74%
• DSCR: 1.39
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $218,550
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4608 S 1st St	0.35mi	4/2.0	1,638 (+6%)	5mo	$295,000	$180	70
4318 S Brook St	0.41mi	3/1.0 (-1)	1,544 (-0%)	5mo	$160,000	$104	67
166 Gillette Ave	0.11mi	4/1.0	1,384 (-11%)	8mo	$185,000	$134	66
4513 S 6th St	0.61mi	3/2.0 (-1)	1,581 (+2%)	5mo	$195,800	$124	59
102 W Florence Ave	0.36mi	3/2.0 (-1)	1,344 (-13%)	1mo	$190,000	$141	55
4106 S Brook St	0.65mi	3/2.0 (-1)	1,474 (-5%)	5mo	$223,000	$151	52
7 Hill Top Ct	0.55mi	3/2.5 (-1)	1,480 (-4%)	11mo	$186,000	$126	51
4110 S 2nd St	0.69mi	4/2.0	1,653 (+7%)	9mo	$240,000	$145	49
4103 Southern Pkwy	0.70mi	3/2.0 (-1)	1,646 (+6%)	7mo	$240,000	$146	46
4344 S 3rd St	0.50mi	3/2.0 (-1)	1,742 (+12%)	6mo	$172,000	$99	46
335 W Kenwood Way	0.65mi	3/2.0 (-1)	1,753 (+13%)	5mo	$224,000	$128	39
8 Hill Top Ct	0.56mi	3/2.0 (-1)	1,321 (-15%)	11mo	$240,000	$182	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.04% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.2%
• Equity multiple: 2.09×
• Total profit: $48,734
• Equity at exit: $81,023

10-year hold

• IRR: 18.8%
• Equity multiple: 4.01×
• Total profit: $133,952
• Equity at exit: $132,847

Cash invested: $44,520 (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 40209

• Home prices YoY: 2.9%
• Active inventory: 3
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,692 high
• Mortgage (P&I): −$834
• Tax from tax record: −$112 /mo · $1,349/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $324

Break-even live

Break-even rent $1,282

Max offer price $159,000

Occupancy floor 76%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4513 S 6th St Louisville, KY	3.0	2.0	1581	$2,650	$1.68	23d	1	0.59mi
4133 S 5th St Louisville, KY	4.0	1.0	1200	$1,435	$1.20	16d	1	0.61mi
4007 Southern Pkwy Unit 1 Louisville, KY	4.0	1.0	1500	$1,395	$0.93	3d	1	0.75mi
5013 Wabash Pl Louisville, KY	3.0	2.0	1080	$1,400	$1.30	23d	1	0.79mi
5033 Wabash Pl Louisville, KY	3.0	1.5	1156	$1,350	$1.17	23d	1	0.82mi
310 W Kenton St Louisville, KY	3.0	2.0	1295	$1,350	$1.04	23d	1	0.84mi
551 Denmark St Louisville, KY	3.0	1.5	1160	$1,700	$1.47	23d	1	0.90mi
3860 Southern Pkwy Louisville, KY	3.0	1.0	1064	$1,250	$1.17	23d	1	0.90mi
910 W Whitney Ave Louisville, KY	3.0	1.0	1186	$1,450	$1.22	11d	1	1.01mi
910 W Whitney Ave Louisville, KY	3.0	1.0	1186	$1,450	$1.22	1d	1	1.01mi
3102 Grant Ave Louisville, KY	4.0	2.0	1603	$1,595	$1.00	23d	1	1.07mi
519 Forum Ave Louisville, KY	3.0	1.5	1693	$1,600	$0.95	23d	1	1.14mi
925 W Evelyn Ave Louisville, KY	3.0	1.5	1520	$1,650	$1.09	23d	1	1.16mi
4010 Taylor Blvd Louisville, KY	4.0	2.0	1612	$3,000	$1.86	16d	1	1.38mi

Listing history 10 events

1. 2026-06-09
   days on market $159,000 Active 70 DOM
2. 2026-06-08
   days on market $159,000 Active 69 DOM
3. 2026-06-07
   days on market $159,000 Active 68 DOM
4. 2026-06-03
   days on market $159,000 Active 64 DOM
5. 2026-06-02
   days on market $159,000 Active 63 DOM
6. 2026-06-01
   days on market $159,000 Active 62 DOM
7. 2026-05-31
   days on market $159,000 Active 61 DOM
8. 2026-03-17
   listed $159,000 Active
9. 2008-10-24
   soldstatus $32,000 79-char remark

   Show marketing remark (79 chars)

   SELLING AS-IS. NEEDS COMPLETE REHAB. OWNERS ANXIOUS AND MOTIVATED. BRING OFFER.

10. 2008-07-29
    listed $44,950 79-char remark

    Show marketing remark (79 chars)

    SELLING AS-IS. NEEDS COMPLETE REHAB. OWNERS ANXIOUS AND MOTIVATED. BRING OFFER.

ⓘ 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: $1,349 · $112/mo
• Projected year-2 tax: $1,367 · $114/mo
• Expected delta: +$18/yr (+$2/mo · 1.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% 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 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,304
• − Mortgage interest: −$8,906
• − Property taxes: −$1,349
• − Insurance: −$795
• − Repairs & maintenance: −$1,624
• − Management: −$1,624
• − Depreciation: −$4,625
• Taxable income: $1,380
• Est. tax owed @ 24.0%: −$331
• After-tax cash flow: $3,559/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
• City population: 769,292
• Population (ZIP): 571

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 0.66)
• Race & ethnicity: White 49% Two or more races 34% Hispanic / Latino 33% Black 2%
• Hispanic origin (detail): Mexican 15%
• Foreign-born: 25% · Canada
• Languages at home: 67% English-only · Spanish 33%

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: ▲ 4.04%
• Current HPI: 144.1168
• Rent YoY: —
• Metro: —
• 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

+253.7% since first listed

3 events — show timeline

• 2026-03-17 Listed $159,000 Metro Search MLS
• 2008-10-24 Sold (MLS) $32,000 Metro Search MLS
• 2008-07-29 Listed $44,950 Metro Search MLS

Property tax history

+11.1%/yr

Latest (2025): $1,349 · +83.3% YoY. Source: county tax records.