726 Louis Coleman Jr Dr · Louisville, KY 40211

$130,000

2 bd · 1.5 ba · 1,175 sqft · SingleFamily · 73 Days on market

Built 1900 3,920 sqft lot

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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 +14.9/30.0
• ARV discount +7.5/15.0
• DSCR +4.6/10.0
• 1% rule +3.7/10.0
• 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

Meticulous attention to detail is evident as soon as you enter this freshly renovated home. The tasteful color palate, cozy rooms and modern kitchen invite you to settle in for the coming winter. Everything is new from the ground up. New roof, new furnace, almost new water heater, high end gas stove with air fryer features, all new nice fixtures. The herringbone backsplash, natural stone countertops and black accents in the completely updated kitchen are the cherry on top of this lovely remodel. There is ample room in the back to park off-street, a front and side porch as well as a rear deck. This house was previously used as a 3 bedroom and could easily be again. Now is the time to get in on this up and coming neighborhood!

Key facts

• Updated appliances
• Flexible space
• Updated countertops

Tags

• REMODELED HOME
• UPDATED BACKSPLASH
• UPDATED COUNTERTOPS
• UPDATED FIXTURES
• UPDATED APPLIANCES
• FLEXIBLE SPACE

Property features AI

Finance

• Other: Located in West Moreland Place subdivision; Directions: From W Broadway, turn south on Louis Coleman Jr. Dr

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding; Shingle roof
• Exterior features: Deck; Porch; Fenced yard

Interior

• Kitchen: Eat-in kitchen
• Flooring: Hardwood
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Central heating (natural gas); Central air; Ceiling fan(s)
• Interior features: Eat-in kitchen
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $38 ($450/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 $114k (12.5% below list).
• Recommended offer: $114k (12.5% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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 24d 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 43% of the median local income ($32k/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 $899 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.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $30k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $113,704 (12.5% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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: 0.87% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.24%
• DSCR: 1.06
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $77,550
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
802 Sutcliffe Ave	0.18mi	2/1.0	1,162 (-1%)	4mo	$110,000	$95	85
722 S 37th St	0.22mi	2/1.0	1,092 (-7%)	4mo	$46,000	$42	73
3212 W Kentucky St	0.35mi	2/1.5	1,104 (-6%)	2mo	$45,000	$41	73
3414 Greenwood Ave	0.40mi	2/1.0	1,213 (+3%)	8mo	$110,000	$91	67
3322 W Kentucky St	0.32mi	3/1.0 (+1)	1,296 (+10%)	2mo	$85,000	$66	59
844 Louis Coleman Jr Dr	0.19mi	3/1.0 (+1)	1,008 (-14%)	3mo	$109,000	$108	58
431 Amy Ave	0.69mi	2/1.0	1,223 (+4%)	5mo	$80,000	$65	55
3419 Greenwood Ave	0.38mi	3/1.0 (+1)	1,033 (-12%)	3mo	$120,000	$116	53
3322 Virginia Ave	0.70mi	3/1.0 (+1)	1,198 (+2%)	8mo	$180,000	$150	51
3221 Virginia Ave	0.67mi	3/1.0 (+1)	1,239 (+5%)	9mo	$32,500	$26	46
637 S 27th St	0.73mi	3/1.0 (+1)	1,110 (-6%)	7mo	$40,000	$36	44
822 S 42nd St	0.75mi	1/1.0 (-1)	1,050 (-11%)	5mo	$52,000	$50	36

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: -12.3%
• Equity multiple: 0.55×
• Total profit: $-16,502
• Equity at exit: $19,383

10-year hold

• IRR: -0.7%
• Equity multiple: 0.94×
• Total profit: $-2,026
• Equity at exit: $11,240

Cash invested: $36,400 (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: 140
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,137 high
• Mortgage (P&I): −$682
• Tax from tax record: −$125 /mo · $1,498/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $38

Break-even live

Break-even rent $1,090

Max offer price $130,000

Occupancy floor 92%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
803 S 35th St Louisville, KY	3.0	1.0	1486	$1,350	$0.91	23d	1	0.09mi
814 S 33rd St Louisville, KY	3.0	1.0	1104	$1,350	$1.22	3d	1	0.14mi
666 Eastlawn Ave Louisville, KY	2.0	1.0	936	$895	$0.96	16d	1	0.23mi
701 Hazel St Unit 3 Louisville, KY	2.0	1.0	832	$800	$0.96	10d	1	0.25mi
3515 W Kentucky St Unit 3515-12 Louisville, KY	1.0	1.0	700	$695	$0.99	23d	1	0.29mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	3d	1	0.31mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	23d	1	0.32mi
648 S 37th St #3 Louisville, KY	2.0	1.0	807	$850	$1.05	23d	1	0.33mi
823 S 38th St Louisville, KY	3.0	1.0	1100	$1,195	$1.09	3d	1	0.35mi
729 S 39th St Unit 1 Louisville, KY	2.0	1.0	800	$800	$1.00	23d	1	0.39mi
3421 River Park Dr Louisville, KY	3.0	1.0	994	$1,250	$1.26	23d	1	0.40mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	23d	1	0.41mi
714 S 40th St #2 Louisville, KY	3.0	1.0	1000	$1,250	$1.25	23d	1	0.50mi
628 S 39th St Louisville, KY	3.0	1.0	1448	$1,220	$0.84	16d	1	0.52mi
3514 Grand Ave Louisville, KY	3.0	1.5	1450	$1,295	$0.89	21d	1	0.54mi
3819 River Park Dr Louisville, KY	3.0	1.0	1108	$1,090	$0.98	20d	1	0.56mi
833 S 41st St Louisville, KY	3.0	2.0	786	$1,250	$1.59	23d	1	0.57mi
644 S 40th St Louisville, KY	2.0	1.0	1200	$1,500	$1.25	2d	1	0.58mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	23d	1	0.59mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	21d	1	0.59mi
836 S 41st St Louisville, KY	3.0	1.0	1300	$1,300	$1.00	19d	1	0.60mi
2912 Greenwood Ave Louisville, KY	3.0	2.0	1362	$1,150	$0.84	16d	1	0.61mi
2733 Chase Ct Louisville, KY	2.0	1.0	900	$900	$1.00	16d	1	0.62mi
2825 Greenwood Ave #4 Louisville, KY	3.0	1.0	1440	$1,250	$0.87	23d	1	0.63mi
2825 Greenwood Ave #2 Louisville, KY	2.0	1.0	1300	$995	$0.77	23d	1	0.63mi
2821 Greenwood Ave #1 Louisville, KY	3.0	1.0	1113	$1,300	$1.17	23d	1	0.64mi
1145 Louis Coleman Jr Dr Louisville, KY	2.0	1.0	913	$875	$0.96	23d	1	0.64mi
2724 Garland Ave Unit 202 Louisville, KY	2.0	1.0	950	$745	$0.78	3d	1	0.65mi
3215 Virginia Ave Louisville, KY	3.0	1.0	975	$924	$0.95	23d	1	0.69mi
2711 W Kentucky St Louisville, KY	3.0	1.0	1155	$1,100	$0.95	23d	1	0.70mi
4018 Vermont Ave Unit 1 Louisville, KY	2.0	1.0	700	$699	$1.00	3d	1	0.71mi
2710 W Kentucky St Apt 2 Louisville, KY	3.0	1.0	1015	$1,300	$1.28	23d	1	0.72mi
2634 Garland Ave Unit B Louisville, KY	3.0	1.0	1152	$895	$0.78	20d	1	0.72mi
2634 Garland Ave Unit A Louisville, KY	3.0	1.0	1152	$940	$0.82	23d	1	0.72mi
714 S 42nd St Louisville, KY	3.0	1.0	1078	$1,150	$1.07	16d	1	0.73mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	23d	1	0.77mi
2631 W Madison St Unit 2 Louisville, KY	2.0	1.0	928	$850	$0.92	17d	1	0.81mi
2631 W Madison St Unit 2 Louisville, KY	2.0	1.0	928	$850	$0.92	23d	1	0.81mi
2631 W Madison St Unit 1 Louisville, KY	3.0	1.0	928	$950	$1.02	23d	1	0.81mi
4020 Larkwood Ave Louisville, KY	1.0	1.0	1446	$785	$0.54	23d	1	0.82mi

Listing history 25 events

1. 2026-06-18
   days on market $130,000 Active 73 DOM
2. 2026-06-17
   days on market $130,000 Active 72 DOM
3. 2026-06-16
   days on market $130,000 Active 71 DOM
4. 2026-06-15
   days on market $130,000 Active 70 DOM
5. 2026-06-13
   pricedays on market $130,000 Active 68 DOM
6. 2026-06-10
   days on market $145,000 Active 65 DOM
7. 2026-06-09
   days on market $145,000 Active 64 DOM
8. 2026-06-08
   days on market $145,000 Active 63 DOM
9. 2026-06-07
   days on market $145,000 Active 62 DOM
10. 2026-06-03
    days on market $145,000 Active 58 DOM
11. 2026-06-02
    days on market $145,000 Active 57 DOM
12. 2026-06-01
    days on market $145,000 Active 56 DOM
13. 2026-05-31
    days on market $145,000 Active 55 DOM
14. 2026-05-08
    price $145,000
15. 2026-04-22
    price $150,000
16. 2026-04-06
    listed $159,900 Active
17. 2022-12-27
    status Active 734-char remark

    Show marketing remark (734 chars)

    Meticulous attention to detail is evident as soon as you enter this freshly renovated home. The tasteful color palate, cozy rooms and modern kitchen invite you to settle in for the coming winter. Everything is new from the ground up. New roof, new furnace, almost new water heater, high end gas stove with air fryer features, all new nice fixtures. The herringbone backsplash, natural stone countertops and black accents in the completely updated kitchen are the cherry on top of this lovely remodel. There is ample room in the back to park off-street, a front and side porch as well as a rear deck. This house was previously used as a 3 bedroom and could easily be again. Now is the time to get in on this up and coming neighborhood!

18. 2022-12-23
    soldstatus $118,888 Closed 734-char remark

    Show marketing remark (734 chars)

    Meticulous attention to detail is evident as soon as you enter this freshly renovated home. The tasteful color palate, cozy rooms and modern kitchen invite you to settle in for the coming winter. Everything is new from the ground up. New roof, new furnace, almost new water heater, high end gas stove with air fryer features, all new nice fixtures. The herringbone backsplash, natural stone countertops and black accents in the completely updated kitchen are the cherry on top of this lovely remodel. There is ample room in the back to park off-street, a front and side porch as well as a rear deck. This house was previously used as a 3 bedroom and could easily be again. Now is the time to get in on this up and coming neighborhood!

19. 2022-12-22
    soldstatus $118,888
20. 2022-11-12
    historical Active Under Contract 734-char remark

    Show marketing remark (734 chars)

    Meticulous attention to detail is evident as soon as you enter this freshly renovated home. The tasteful color palate, cozy rooms and modern kitchen invite you to settle in for the coming winter. Everything is new from the ground up. New roof, new furnace, almost new water heater, high end gas stove with air fryer features, all new nice fixtures. The herringbone backsplash, natural stone countertops and black accents in the completely updated kitchen are the cherry on top of this lovely remodel. There is ample room in the back to park off-street, a front and side porch as well as a rear deck. This house was previously used as a 3 bedroom and could easily be again. Now is the time to get in on this up and coming neighborhood!

21. 2022-10-26
    listed $124,888 Active 734-char remark

    Show marketing remark (734 chars)

    Meticulous attention to detail is evident as soon as you enter this freshly renovated home. The tasteful color palate, cozy rooms and modern kitchen invite you to settle in for the coming winter. Everything is new from the ground up. New roof, new furnace, almost new water heater, high end gas stove with air fryer features, all new nice fixtures. The herringbone backsplash, natural stone countertops and black accents in the completely updated kitchen are the cherry on top of this lovely remodel. There is ample room in the back to park off-street, a front and side porch as well as a rear deck. This house was previously used as a 3 bedroom and could easily be again. Now is the time to get in on this up and coming neighborhood!

22. 2022-10-26
    price $124,888 734-char remark

    Show marketing remark (734 chars)

    Meticulous attention to detail is evident as soon as you enter this freshly renovated home. The tasteful color palate, cozy rooms and modern kitchen invite you to settle in for the coming winter. Everything is new from the ground up. New roof, new furnace, almost new water heater, high end gas stove with air fryer features, all new nice fixtures. The herringbone backsplash, natural stone countertops and black accents in the completely updated kitchen are the cherry on top of this lovely remodel. There is ample room in the back to park off-street, a front and side porch as well as a rear deck. This house was previously used as a 3 bedroom and could easily be again. Now is the time to get in on this up and coming neighborhood!

23. 2022-03-01
    soldstatus $95,000
24. 2022-02-09
    soldstatus $64,900
25. 2006-05-26
    soldstatus $12,000

ⓘ 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: $1,498 · $125/mo
• Projected year-2 tax: $1,498 · $125/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 (shaded) · 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: $13,644
• − Mortgage interest: −$7,282
• − Property taxes: −$1,498
• − Insurance: −$650
• − Repairs & maintenance: −$1,092
• − Management: −$1,092
• − Depreciation: −$3,782
• Taxable loss: −$1,750
• Est. tax savings @ 24.0%: +$420
• After-tax cash flow: $870/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

+1108.3% since first listed

12 events — show timeline

• 2026-05-08 Price Changed $145,000 HKARMLS
• 2026-04-22 Price Changed $150,000 HKARMLS
• 2026-04-06 Listed $159,900 HKARMLS
• 2022-12-27 Relisted — Metro Search MLS
• 2022-12-23 Sold (MLS) $118,888 Metro Search MLS
• 2022-12-22 Sold (Public Records) $118,888 Public Records
• 2022-11-12 Contingent — Metro Search MLS
• 2022-10-26 Price Changed $124,888 Metro Search MLS
• 2022-10-26 Listed $124,888 Metro Search MLS
• 2022-03-01 Sold (Public Records) $95,000 Public Records
• 2022-02-09 Sold (Public Records) $64,900 Public Records
• 2006-05-26 Sold (Public Records) $12,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $1,498 · -1.9% YoY. Source: county tax records.