5337 Lost Trl · Louisville, KY 40214

$150,000

3 bd · 2.0 ba · 2,334 sqft · SingleFamily · 1 Days on market

Built 1957 0.36 ac lot Est $278k · 46% under

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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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +7.3/10.0
• Livability +3.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Located in Iroquois View, Walkout Ranch style home. Being Sold AS Is. There is screened in porch once a carport. The home is an estate sale. The front living room opens to the kitchen dining area. There are 3 bedrooms on the first level. The basement has a full bath and 2 rooms that were used as bedrooms. It is a walkout. The property is being sold as is. The seller is open to all offers. There are some good features about this property and will make a nice home once updated.

Key facts

• Screened in porch
• Walkout ranch style
• Kitchen dining area

Tags

• IROQUOIS VIEW
• WALKOUT RANCH STYLE
• SCREENED IN PORCH
• FRONT LIVING ROOM
• KITCHEN DINING AREA
• FULL BATH

Property features AI

Finance

• Other: Subdivision: IROQUOIS VIEW
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Electricity connected; Natural gas available
• Home design: Single-family ranch-style home; One story
• Construction: Built in 1957; Brick and stone veneer exterior; Shingle roof; Poured concrete foundation
• Exterior features: Partial fencing; Lot at a dead end; Wooded lot

Interior

• Kitchen: Kitchen on the first floor; Formal dining room on the first floor adjacent to the kitchen
• Bedrooms: 3 bedrooms on the first floor; 1 bedroom in the basement (lower level)
• Bathrooms: 2 full bathrooms (including a full bath in the basement)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; One HVAC unit
• Interior features: Walkout partially finished basement; Two fireplaces (one on main level, one in basement); 9 total rooms; 7 closets; Basement contains additional rooms including a family room and other finished space
• Laundry & utility: No first-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.3% 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 (+1.9%/yr); 247 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).
• This rent runs 40% of the median local income ($55k/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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.23% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.65%
• DSCR: 1.47
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $277,746
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5331 Westhall Ave	0.17mi	3/2.0	2,378 (+2%)	1mo	$299,900	$126	88
609 Wilderness Rd	0.28mi	3/2.5	2,412 (+3%)	1mo	$329,900	$137	78
502 Hill Ridge Rd	0.28mi	3/2.5	2,432 (+4%)	9mo	$292,000	$120	70
6814 Homestead Dr	0.43mi	3/2.5	2,396 (+3%)	8mo	$285,000	$119	66
338 Kenwood Hill Rd	0.29mi	3/3.0	2,476 (+6%)	10mo	$325,000	$131	64
110 Seneca Trl	0.47mi	3/2.0	2,577 (+10%)	3mo	$245,000	$95	59
5321 Southdale Rd	0.48mi	3/2.0	2,607 (+12%)	6mo	$285,000	$109	53
400 E Kenwood Dr	0.42mi	4/2.0 (+1)	2,659 (+14%)	1mo	$290,000	$109	52
316 E Esplanade Ave	0.36mi	3/2.0	2,010 (-14%)	12mo	$300,000	$149	50
958 Palatka Rd	0.66mi	4/2.0 (+1)	2,107 (-10%)	6mo	$245,000	$116	44
936 Palatka Rd	0.62mi	4/2.0 (+1)	2,514 (+8%)	13mo	$265,000	$105	43
910 Southview Rd	0.56mi	2/1.0 (-1)	2,110 (-10%)	10mo	$209,500	$99	40

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 · 1.89% rent growth · sell at horizon

5-year hold

• IRR: -1.6%
• Equity multiple: 0.94×
• Total profit: $-2,549
• Equity at exit: $22,365

10-year hold

• IRR: 6.8%
• Equity multiple: 1.49×
• Total profit: $20,412
• 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 40214

• Rents YoY: 1.9%
• Active inventory: 247
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,839 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$231 /mo · $2,775/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $373

Break-even live

Break-even rent $1,368

Max offer price $150,000

Occupancy floor 75%

Sensitivity live

Price	-10% $458	-5% $415	+0% $373	+5% $330	+10% $288
Rent	-10% $227	-5% $300	+0% $373	+5% $445	+10% $518
Rate	-1.0pp $448	-0.5pp $411	base $373	+0.5pp $334	+1.0pp $294

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 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
519 Forum Ave Louisville, KY	3.0	1.5	1693	$1,600	$0.95	25d	1	1.10mi
1222 Constitution Dr Louisville, KY	4.0	2.0	2100	$2,125	$1.01	17d	1	1.28mi
7608 Greenfield Ave Louisville, KY	3.0	2.0	2920	$2,265	$0.78	17d	1	1.33mi

Listing history 2 events

1. 2026-05-21
   status Pending
2. 2026-05-19
   listed $150,000 Active

ⓘ 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: $2,775 · $231/mo
• Projected year-2 tax: $2,775 · $231/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 5 d/yr ≥105°F today · 12 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: $22,071
• − Mortgage interest: −$8,402
• − Property taxes: −$2,775
• − Insurance: −$750
• − Repairs & maintenance: −$1,766
• − Management: −$1,766
• − Depreciation: −$4,364
• Taxable income: $2,249
• Est. tax owed @ 24.0%: −$540
• After-tax cash flow: $3,932/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): 45,405
• Household income: $54,931
• Rent vs Own: 45.6% rent · 54.4% own
• Severe rent burden: 2054.0

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 0.67)
• Race & ethnicity: White 51% Black 22% Hispanic / Latino 14% Two or more races 12% Asian 7%
• Hispanic origin (detail): Mexican 3% Cuban 6%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 21% · Canada, Vietnam, Philippines
• Languages at home: 74% English-only · Spanish 12% Vietnamese 3% Other Asian/Pacific 2%

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: ▼ -235.43%
• Current HPI: 237.4062
• Rent YoY: ▲ 1.89%
• 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

2 events — show timeline

• 2026-05-21 Pending — Metro Search MLS
• 2026-05-19 Listed $150,000 Metro Search MLS

Property tax history

+6.0%/yr

Latest (2025): $2,775 · +22.1% YoY. Source: county tax records.