3409 Del Park Ter · Louisville, KY 40211

$95,000

3 bd · 1.0 ba · 1,069 sqft · SingleFamily · 8 Days on market

Built 1923 3,594 sqft lot Est $69k · 37% over

---

Why this score? — see what drove the C 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Rent growth +3.7/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

1.5 STORY Home near Shawnee Park. Spacious second story master suite, with two separate closet spaces. Eat-in kitchen Living room covered front porch. LARGE Backyard and Covered patio, Located just minutes from the expressway. Unfinished basement. metal roof. SEE agent notes!!! This property is now active in an online auction. All offers must be submitted through the property's listing page on www.auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

Key facts

• Covered porch
• Hard wood floors
• Flat shaded backyard

Tags

• COVERED PORCH
• HARD WOOD FLOORS
• FLAT SHADED BACKYARD
• FULLY ENCLOSED PRIVACY FENCE

Property features AI

Finance

• Other: Lot dimensions approximately 21.5 x 160
• HOA & community: No association fee

Exterior

• Utilities: Electricity connected; Natural gas service
• Home design: Single-family bungalow; Two stories; Built in 1923
• Construction: Aluminum siding; Metal roof; Crawl space and poured concrete foundation
• Exterior features: Privacy wood fencing enclosing the yard; Sidewalk on the property; Cleared, level lot

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Three bedrooms total; Two bedrooms on the first floor; One bedroom on the second floor
• Bathrooms: One full bathroom on the first floor
• Interior features: Six total rooms; Five closets; Unfinished basement; Mud room on the first floor
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $394 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Cap rate 11.3% 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 fast (+4.9%/yr); 140 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $1,221/mo this rent would consume 46% 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 $657 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 27y 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 $30k; list at $95k implies a 211% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $95,000

Questions for the listing agent

1. Built in 1923 — 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: 1.28% ✓
• Cap rate: 11.28%
• Cash-on-cash: 17.79%
• DSCR: 1.79
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $69,485
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
722 S 37th St	0.40mi	2/1.0 (-1)	1,092 (+2%)	4mo	$46,000	$42	70
844 Louis Coleman Jr Dr	0.51mi	3/1.0	1,008 (-6%)	3mo	$109,000	$108	64
2620 W Madison St	0.70mi	3/1.5	1,080 (+1%)	1mo	$74,000	$69	62
3425 Vermont Ave	0.17mi	2/1.0 (-1)	912 (-15%)	4mo	$36,500	$40	60
3419 Greenwood Ave	0.70mi	3/1.0	1,033 (-3%)	3mo	$120,000	$116	59
802 Sutcliffe Ave	0.43mi	2/1.0 (-1)	1,162 (+9%)	4mo	$110,000	$95	57
117 N 34th St	0.66mi	3/1.0	1,130 (+6%)	4mo	$34,000	$30	56
637 S 27th St	0.68mi	3/1.0	1,110 (+4%)	7mo	$40,000	$36	56
3212 W Kentucky St	0.65mi	2/1.5 (-1)	1,104 (+3%)	2mo	$45,000	$41	56
2831 W Madison St	0.52mi	2/1.0 (-1)	937 (-12%)	1mo	$108,000	$115	49
431 Amy Ave	0.43mi	2/1.0 (-1)	1,223 (+14%)	5mo	$80,000	$65	47
3226 W Jefferson St	0.45mi	2/1.0 (-1)	920 (-14%)	6mo	$48,000	$52	46

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: 11.2%
• Equity multiple: 1.45×
• Total profit: $12,032
• Equity at exit: $14,165

10-year hold

• IRR: 21.5%
• Equity multiple: 2.98×
• Total profit: $52,657
• Equity at exit: $8,214

Cash invested: $26,600 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,221 high
• Mortgage (P&I): −$498
• Tax from tax record: −$32 /mo · $384/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $394

Break-even live

Break-even rent $721

Max offer price $95,000

Occupancy floor 63%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3421 River Park Dr Louisville, KY	3.0	1.0	994	$1,250	$1.26	23d	1	0.13mi
666 Eastlawn Ave Louisville, KY	2.0	1.0	936	$895	$0.96	16d	1	0.19mi
701 Hazel St Unit 3 Louisville, KY	2.0	1.0	832	$800	$0.96	10d	1	0.31mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	23d	1	0.31mi
648 S 37th St #3 Louisville, KY	2.0	1.0	807	$850	$1.05	23d	1	0.31mi
737 S 33rd St Louisville, KY	4.0	1.0	1356	$1,595	$1.18	23d	1	0.32mi
627 S 38th St Louisville, KY	4.0	1.0	1300	$1,349	$1.04	16d	1	0.36mi
803 S 35th St Louisville, KY	3.0	1.0	1486	$1,350	$0.91	23d	1	0.37mi
814 S 33rd St Louisville, KY	3.0	1.0	1104	$1,350	$1.22	3d	1	0.39mi
3819 River Park Dr Louisville, KY	3.0	1.0	1108	$1,090	$0.98	20d	1	0.42mi
628 S 39th St Louisville, KY	3.0	1.0	1448	$1,220	$0.84	16d	1	0.46mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	3d	1	0.52mi
729 S 39th St Unit 1 Louisville, KY	2.0	1.0	800	$800	$1.00	23d	1	0.52mi
823 S 38th St Louisville, KY	3.0	1.0	1100	$1,195	$1.09	3d	1	0.55mi
644 S 40th St Louisville, KY	2.0	1.0	1200	$1,500	$1.25	2d	1	0.57mi
2733 Chase Ct Louisville, KY	2.0	1.0	900	$900	$1.00	16d	1	0.58mi
4018 Vermont Ave Unit 1 Louisville, KY	2.0	1.0	700	$699	$1.00	3d	1	0.59mi
714 S 40th St #2 Louisville, KY	3.0	1.0	1000	$1,250	$1.25	23d	1	0.61mi
715 S 41st St Unit 1 Louisville, KY	4.0	1.0	1000	$1,295	$1.29	10d	1	0.65mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	23d	1	0.65mi
2631 W Madison St Unit 2 Louisville, KY	2.0	1.0	928	$850	$0.92	23d	1	0.67mi
2631 W Madison St Unit 1 Louisville, KY	3.0	1.0	928	$950	$1.02	23d	1	0.67mi
2631 W Madison St Unit 2 Louisville, KY	2.0	1.0	928	$850	$0.92	17d	1	0.67mi
110 Hansbrough Pl Unit 101 Louisville, KY	2.0	1.0	924	$1,080	$1.17	23d	1	0.70mi
833 S 41st St Louisville, KY	3.0	2.0	786	$1,250	$1.59	23d	1	0.73mi
2623 Cedar St Louisville, KY	3.0	1.0	1000	$1,000	$1.00	23d	1	0.76mi
4129 W Muhammad Ali Blvd Louisville, KY	4.0	2.0	1224	$1,500	$1.23	1d	1	0.76mi
803 Cecil Ave Louisville, KY	4.0	1.0	1165	$1,449	$1.24	10d	1	0.76mi
836 S 41st St Louisville, KY	3.0	1.0	1300	$1,300	$1.00	19d	1	0.76mi
2724 Garland Ave Unit 202 Louisville, KY	2.0	1.0	950	$745	$0.78	3d	1	0.77mi
247 Cecil Ave Louisville, KY	3.0	2.0	1083	$1,305	$1.20	19d	1	0.79mi
302 Cecil Ave Louisville, KY	2.0	1.0	984	$1,025	$1.04	16d	1	0.80mi
2614 W Jefferson St Unit 2614-4 Louisville, KY	2.0	1.0	740	$795	$1.07	23d	1	0.80mi
2912 Greenwood Ave Louisville, KY	3.0	2.0	1362	$1,150	$0.84	16d	1	0.81mi
3514 Grand Ave Louisville, KY	3.0	1.5	1450	$1,295	$0.89	21d	1	0.81mi
2825 Greenwood Ave #2 Louisville, KY	2.0	1.0	1300	$995	$0.77	23d	1	0.82mi
2825 Greenwood Ave #4 Louisville, KY	3.0	1.0	1440	$1,250	$0.87	23d	1	0.82mi
2927 Rowan St Louisville, KY	3.0	1.0	1008	$1,205	$1.20	11d	1	0.82mi
714 S 42nd St Louisville, KY	3.0	1.0	1078	$1,150	$1.07	16d	1	0.82mi
2821 Greenwood Ave #1 Louisville, KY	3.0	1.0	1113	$1,300	$1.17	23d	1	0.82mi

Listing history 17 events

1. 2026-05-20
   status Pending
2. 2026-05-12
   listed $95,000 Active
3. 2021-01-11
   soldstatus $30,500 Closed 599-char remark

   Show marketing remark (599 chars)

   1.5 STORY Home near Shawnee Park. Spacious second story master suite, with two separate closet spaces. Eat-in kitchen Living room covered front porch. LARGE Backyard and Covered patio, Located just minutes from the expressway. Unfinished basement. metal roof. SEE agent notes!!! This property is now active in an online auction. All offers must be submitted through the property's listing page on www.auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

4. 2020-11-24
   status Pending 599-char remark

   Show marketing remark (599 chars)

   1.5 STORY Home near Shawnee Park. Spacious second story master suite, with two separate closet spaces. Eat-in kitchen Living room covered front porch. LARGE Backyard and Covered patio, Located just minutes from the expressway. Unfinished basement. metal roof. SEE agent notes!!! This property is now active in an online auction. All offers must be submitted through the property's listing page on www.auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

5. 2020-11-08
   listed $25,900 Active 599-char remark

   Show marketing remark (599 chars)

   1.5 STORY Home near Shawnee Park. Spacious second story master suite, with two separate closet spaces. Eat-in kitchen Living room covered front porch. LARGE Backyard and Covered patio, Located just minutes from the expressway. Unfinished basement. metal roof. SEE agent notes!!! This property is now active in an online auction. All offers must be submitted through the property's listing page on www.auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

6. 2019-08-11
   status Pending
7. 2019-08-11
   historical
8. 2019-07-31
   historical Active Under Contract
9. 2019-07-31
   price $13,000
10. 2019-05-31
    price $50,000
11. 2019-05-30
    listed $55,000 Active
12. 2017-12-13
    historical
13. 2017-11-01
    listed $27,500 Active
14. 2004-04-30
    historical
15. 2003-10-22
    listed $35,000
16. 1999-04-29
    soldstatus $32,500
17. 1999-04-12
    listed $37,500

ⓘ 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: $384 · $32/mo
• Projected year-2 tax: $817 · $68/mo
• Expected delta: +$433/yr (+$36/mo · 112.6%)

ⓘ 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 ≥105°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,647
• − Mortgage interest: −$5,321
• − Property taxes: −$384
• − Insurance: −$475
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$2,764
• Taxable income: $3,359
• Est. tax owed @ 24.0%: −$806
• After-tax cash flow: $3,927/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

+153.3% since first listed

17 events — show timeline

• 2026-05-20 Pending — Metro Search MLS
• 2026-05-12 Listed $95,000 Metro Search MLS
• 2021-01-11 Sold (MLS) $30,500 Metro Search MLS
• 2020-11-24 Pending — Metro Search MLS
• 2020-11-08 Listed $25,900 Metro Search MLS
• 2019-08-11 Pending — Metro Search MLS
• 2019-08-11 Listing Removed — Metro Search MLS
• 2019-07-31 Contingent — Metro Search MLS
• 2019-07-31 Price Changed $13,000 Metro Search MLS
• 2019-05-31 Price Changed $50,000 Metro Search MLS
• 2019-05-30 Listed $55,000 Metro Search MLS
• 2017-12-13 Listing Removed — Metro Search MLS
• 2017-11-01 Listed $27,500 Metro Search MLS
• 2004-04-30 Listing Removed — Metro Search MLS
• 2003-10-22 Listed $35,000 Metro Search MLS
• 1999-04-29 Sold (MLS) $32,500 Metro Search MLS
• 1999-04-12 Listed $37,500 Metro Search MLS

Property tax history

-0.6%/yr

Latest (2025): $384 · -1.9% YoY. Source: county tax records.