3035 Linwood Ave · Louisville, KY 40210

$139,999

4 bd · 1.0 ba · 1,000 sqft · SingleFamily · 74 Days on market

Built 1951 6,534 sqft lot Est $144k · at est.

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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 +19.2/30.0
• Appreciation +10.0/10.0
• ARV discount +8.8/15.0
• DSCR +6.1/10.0
• 1% rule +5.1/10.0
• Rent growth +4.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

New Year, New Home! Start the New Year in style with this beautifully remodeled 4-bedroom, 1-bath home situated on a desirable corner lot! Step inside to find brand-new vinyl hardwood flooring throughout, creating a modern and cohesive look. Two of the bedrooms feature huge closets, offering plenty of storage and flexibility. The fully updated kitchen shines with new stainless steel appliances, new cabinets, and a new sink, perfect for cooking and entertaining. The bathroom has been completely refreshed with new tile flooring, a new tub, vanity, light fixtures, and mirror, giving it a clean, contemporary feel. As an added bonus, the home will include a new outdoor A/C system to be installed

Key facts

• Huge closets
• New cabinets
• Updated kitchen

Tags

• CORNER LOT
• VINYL HARDWOOD FLOORING
• HUGE CLOSETS
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• NEW CABINETS

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Driveway
• Utilities: Electricity connected
• Home design: Traditional single-family residence; One story; Built in 1951
• Construction: Vinyl siding; Shingle roof; Crawl space foundation
• Exterior features: Corner lot; Chain-link fencing

Interior

• Kitchen: Kitchen located on the first floor
• Bedrooms: Four bedrooms, all on the first floor
• Bathrooms: One full bathroom
• Heating & cooling: Electric heating; Central air conditioning; One HVAC unit
• Interior features: Seven total rooms; Five closets; No basement; First-floor primary bedroom; First-floor laundry
• Laundry & utility: Laundry on the first floor

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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 (+8.1%/yr); 92 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $1,417/mo this rent would consume 48% of the median local household income ($35k/yr) (locally 815% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $15k of equity ($968 loan paydown + $14k appreciation (10.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $55k; list at $140k implies a 155% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — 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 $131,599 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 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 1951 — 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: 1.01% ✓
• Cap rate: 7.60%
• Cash-on-cash: 4.66%
• DSCR: 1.21
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $144,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3326 Penway Ave	0.18mi	3/1.0 (-1)	1,022 (+2%)	14mo	$158,000	$155	72
2629 Olive St	0.37mi	4/1.0	1,120 (+12%)	2mo	$98,000	$88	61
2304 Ratcliffe Ave	0.62mi	3/1.0 (-1)	1,015 (+2%)	3mo	$120,000	$118	61
2106 Ratcliffe Ave	0.73mi	3/1.0 (-1)	1,012 (+1%)	2mo	$159,900	$158	58
3305 Pacific Ct	0.19mi	4/1.5	1,125 (+12%)	14mo	$200,000	$178	56
3010 Wyandotte Ave	0.22mi	4/1.0	1,148 (+15%)	12mo	$165,000	$144	55
1545 Catalpa St	0.61mi	3/1.5 (-1)	960 (-4%)	9mo	$62,500	$65	50
1549 Catalpa St	0.60mi	3/1.0 (-1)	960 (-4%)	14mo	$130,000	$135	49
1504 Weaver Ct	0.61mi	4/2.0	1,104 (+10%)	5mo	$105,000	$95	46
2308 Allston Ave	0.59mi	3/1.0 (-1)	1,095 (+10%)	8mo	$60,000	$55	45
3721 Penway Ave	0.53mi	3/2.0 (-1)	1,080 (+8%)	10mo	$170,000	$157	45
1439 S 32nd St	0.69mi	3/1.0 (-1)	930 (-7%)	11mo	$140,000	$151	42

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

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 29.6%
• Equity multiple: 3.38×
• Total profit: $93,455
• Equity at exit: $126,122

10-year hold

• IRR: 27.3%
• Equity multiple: 8.30×
• Total profit: $286,184
• Equity at exit: $271,987

Cash invested: $39,200 (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 40210

• Home prices YoY: 12.1%
• Rents YoY: 8.1%
• Active inventory: 92
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,417 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $152

Break-even live

Break-even rent $1,225

Max offer price $139,999

Occupancy floor 84%

Sensitivity live

Price	-10% $249	-5% $201	+0% $152	+5% $104	+10% $55
Rent	-10% $40	-5% $96	+0% $152	+5% $208	+10% $264
Rate	-1.0pp $223	-0.5pp $188	base $152	+0.5pp $116	+1.0pp $79

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3313 Penway Ave Louisville, KY	4.0	2.0	1142	$1,645	$1.44	24d	1	0.14mi
2629 Olive St Louisville, KY	4.0	1.0	1120	$1,500	$1.34	24d	1	0.36mi
1622 Beech St Louisville, KY	4.0	1.0	1108	$1,445	$1.30	17d	1	0.46mi
1804 Russell Lee Dr Louisville, KY	1.0–3.0	1.0–1.5	810	$1,304	$1.61	2d	1	0.62mi
2311 Plantation Dr Louisville, KY	3.0	1.0	988	$1,200	$1.21	17d	1	0.69mi
1439 Beech St Apt 1 Louisville, KY	3.0	1.5	1000	$820	$0.82	24d	1	0.73mi
1339 S 28th St Unit 3 Louisville, KY	3.0	1.0	1125	$1,175	$1.04	21d	1	0.97mi
1410 Standard Village Cir Louisville, KY	3.0	2.0	1200	$900	$0.75	24d	1	1.03mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	11d	1	1.04mi
3611 Regatta Way Louisville, KY	3.0	1.0	1035	$1,450	$1.40	17d	1	1.06mi
1731 Sonne Ave Louisville, KY	3.0	1.0	1010	$1,300	$1.29	17d	1	1.06mi
3215 Virginia Ave Louisville, KY	3.0	1.0	975	$924	$0.95	24d	1	1.11mi
2223 Saint Louis Ave Louisville, KY	3.0	1.5	1152	$1,175	$1.02	24d	1	1.17mi
1155 S 28th St Unit 4 Louisville, KY	4.0	2.0	1010	$1,350	$1.34	24d	1	1.19mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	22d	1	1.23mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	24d	1	1.23mi
2706 Hale Ave Unit 1 Louisville, KY	3.0	1.0	1100	$1,400	$1.27	24d	1	1.25mi
3514 Grand Ave Louisville, KY	3.0	1.5	1450	$1,295	$0.89	22d	1	1.30mi
1708 W Gaulbert Ave Louisville, KY	3.0	1.0	936	$975	$1.04	24d	1	1.31mi
1714 W Hill St Louisville, KY	3.0	1.0	1050	$1,045	$1.00	24d	1	1.32mi
2912 Greenwood Ave Louisville, KY	3.0	2.0	1362	$1,150	$0.84	17d	1	1.38mi
2825 Greenwood Ave #4 Louisville, KY	3.0	1.0	1440	$1,250	$0.87	24d	1	1.42mi
2821 Greenwood Ave #1 Louisville, KY	3.0	1.0	1113	$1,300	$1.17	24d	1	1.43mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	24d	1	1.43mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	24d	1	1.46mi

Listing history 23 events

1. 2026-06-21
   days on market $139,999 Active 74 DOM
2. 2026-06-18
   days on market $139,999 Active 71 DOM
3. 2026-06-17
   days on market $139,999 Active 70 DOM
4. 2026-06-16
   days on market $139,999 Active 69 DOM
5. 2026-06-15
   days on market $139,999 Active 68 DOM
6. 2026-06-13
   days on market $139,999 Active 66 DOM
7. 2026-06-10
   days on market $139,999 Active 63 DOM
8. 2026-06-09
   days on market $139,999 Active 62 DOM
9. 2026-06-08
   days on market $139,999 Active 61 DOM
10. 2026-06-07
    days on market $139,999 Active 60 DOM
11. 2026-06-03
    days on market $139,999 Active 56 DOM
12. 2026-06-02
    days on market $139,999 Active 55 DOM
13. 2026-06-01
    days on market $139,999 Active 54 DOM
14. 2026-05-31
    days on market $139,999 Active 53 DOM
15. 2026-05-16
    price $139,999
16. 2026-05-12
    price $142,400
17. 2026-04-28
    price $142,900
18. 2026-04-25
    price $146,500
19. 2026-04-08
    listed $147,000 Active
20. 2026-03-13
    price $149,999
21. 2026-02-19
    price $154,999
22. 2026-01-17
    price $159,999
23. 2025-10-01
    soldstatus $55,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,009
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$1,361
• − Management: −$1,361
• − Depreciation: −$4,073
• Taxable loss: −$428
• Est. tax savings @ 24.0%: +$103
• After-tax cash flow: $1,929/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): 13,518
• Household income: $35,347
• Rent vs Own: 56.0% rent · 44.0% own
• Severe rent burden: 815.0

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 (84%)
• Race & ethnicity: Black 84% White 8% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3%

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: ▲ 28.45%
• Current HPI: 264.0146
• Rent YoY: ▲ 8.05%
• 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

+154.5% since first listed

9 events — show timeline

• 2026-05-16 Price Changed $139,999 Metro Search MLS
• 2026-05-12 Price Changed $142,400 Metro Search MLS
• 2026-04-28 Price Changed $142,900 Metro Search MLS
• 2026-04-25 Price Changed $146,500 Metro Search MLS
• 2026-04-08 Listed $147,000 Metro Search MLS
• 2026-03-13 Price Changed $149,999 Metro Search MLS
• 2026-02-19 Price Changed $154,999 Metro Search MLS
• 2026-01-17 Price Changed $159,999 Metro Search MLS
• 2025-10-01 Sold (Public Records) $55,000 Public Records

Property tax history

-4.7%/yr

Latest (2025): $69 · -34.6% YoY. Source: county tax records.