2914 S 5th St · Louisville, KY 40208

$181,000

4 bd · 2.0 ba · 1,444 sqft · SingleFamily · 41 Days on market

Built 1996 3,899 sqft lot Est $162k · 12% over ↓ 4% since listing

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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 +14.3/30.0
• DSCR +4.3/10.0
• 1% rule +4.0/10.0
• Rent growth +4.0/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +2.1/15.0
• Appreciation +0.0/10.0

Listing remarks

Check out this unique ''Urban Quad-Level'' Floor plan. Yes 3 levels plus a Basement. The 3-4 bedroom home with 2 Full baths is renovated and ready for you to move right in. The 1st level features Open Living Room and Dinning Area combination along with the Galley Kitchen, with Oak Cabinetry, plus granite countertops. New Black Finish Range, Refrigerator, and Dishwasher. A few steps up to the 2nd level and you'll find a Full Bath along with 2 Bedrooms. Move on up to Level # and you are Sold! The Over-sized Master Suite features Vaulted Ceiling, Walk-in Closet, and a Private full bath. Let's not forget the lowest level counted in the total square has an egress window, so make this your 4th be

Key facts

• Dinning area
• Oak cabinetry
• Open living room

Tags

• OPEN LIVING ROOM
• DINNING AREA
• GALLEY KITCHEN
• OAK CABINETRY
• GRANITE COUNTERTOPS
• BLACK FINISH RANGE

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Utilities: Electricity connected; Natural gas available
• Home design: Single family residence; Two stories; Built in 1996
• Construction: Vinyl siding; Shingle roof; Above-grade finished living area reported
• Exterior features: Lot is approximately 0.09 acres; Located in the Churchill subdivision

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Four bedrooms total; Primary bedroom on the third floor; One bedroom on the basement level (egress window; can serve as family room or fourth bedroom); Two bedrooms on the second floor; No first-floor bedrooms
• Bathrooms: Two full bathrooms; Full bathrooms located on the third floor
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Partially finished basement; Basement has one closet; Six total rooms
• Laundry & utility: No first-floor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $181k.

Deal economics

• At list price, monthly cash flow is $32 ($387/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 $162k (10.3% below list).
• Recommended offer: $162k (10.3% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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+, crime F.
• 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.
• Zoned schools: Frayser Elementary (math 2% / reading 8%, grade F, #670 of 676 statewide, top 100%, 318 students, 80% FRL); Noe Middle (math 49% / reading 62%, grade B-, #7 of 217 statewide, top 3%, 1,347 students, 46% FRL); Iroquois High (math 12% / reading 8%, grade F, #245 of 254 statewide, top 97%, 1,090 students, 74% FRL).
• Market conditions: Rents rising fast (+6.1%/yr); 76 active listings in the ZIP; 30 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 $1,624/mo this rent would consume 49% of the median local household income ($40k/yr) (locally 1136% 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 $1k of loan paydown is wiped out by about $5k 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 41 days — a 3% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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.

Risks & watch-outs

• 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 $162,414 (10.3% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.76%
• DSCR: 1.03
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $161,728
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
513 M St	0.15mi	3/1.0 (-1)	1,464 (+1%)	2mo	$160,000	$109	80
2922 S 5th St	0.02mi	3/2.0 (-1)	1,311 (-9%)	7mo	$180,000	$137	73
708 Iowa Ave	0.21mi	3/2.0 (-1)	1,550 (+7%)	5mo	$180,000	$116	69
724 Creel Ave	0.48mi	4/2.0	1,438 (-0%)	10mo	$147,000	$102	69
2827 S 5th St	0.07mi	3/2.0 (-1)	1,307 (-10%)	12mo	$170,000	$130	66
1121 Larchmont Ave	0.58mi	3/2.0 (-1)	1,426 (-1%)	3mo	$150,000	$105	63
713 Creel Ave	0.46mi	3/1.0 (-1)	1,385 (-4%)	5mo	$155,000	$112	58
4010 S 3rd St	0.67mi	4/1.0	1,498 (+4%)	2mo	$212,000	$142	57
576 Longfield Ave	0.67mi	3/1.0 (-1)	1,414 (-2%)	1mo	$179,300	$127	55
514 Winkler Ave	0.21mi	3/1.0 (-1)	1,659 (+15%)	1mo	$142,500	$86	55
617 Creel Ave	0.42mi	4/2.0	1,616 (+12%)	8mo	$180,000	$111	54
1125 Homeview Dr	0.64mi	3/1.0 (-1)	1,230 (-15%)	2mo	$125,000	$102	34

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 · 6.06% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.56×
• Total profit: $-22,100
• Equity at exit: $26,988

10-year hold

• IRR: 1.5%
• Equity multiple: 1.12×
• Total profit: $6,018
• Equity at exit: $15,650

Cash invested: $50,680 (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 40208

• Home prices YoY: -23.3%
• Rents YoY: 6.1%
• Active inventory: 76
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,624 high
• Mortgage (P&I): −$949
• Tax est. 1.5%: −$226 /mo · $2,715/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $32

Break-even live

Break-even rent $1,583

Max offer price $181,000

Occupancy floor 93%

Sensitivity live

Price	-10% $157	-5% $95	+0% $32	+5% $-30	+10% $-93
Rent	-10% $-96	-5% $-32	+0% $32	+5% $96	+10% $161
Rate	-1.0pp $123	-0.5pp $78	base $32	+0.5pp $-15	+1.0pp $-62

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: $45,250
• Closing costs: $5,430
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
315 M St Unit 101 Louisville, KY	3.0	1.5	1200	$1,800	$1.50	13d	1	0.22mi
2711 S 3rd St Unit 1 Louisville, KY	4.0	2.0	1800	$2,400	$1.33	13d	1	0.30mi
2826 Taylor Blvd Louisville, KY	3.0	1.0	1044	$1,345	$1.29	25d	1	0.37mi
3102 Grant Ave Louisville, KY	4.0	2.0	1603	$1,595	$1.00	25d	1	0.40mi
2501 S 4th St Louisville, KY	1.0–3.0	1.0–3.0	897	$6,345	$7.07	5d	1	0.50mi
510 Colorado Ave Louisville, KY	3.0	2.0	1500	$1,750	$1.17	25d	1	0.50mi
3860 Southern Pkwy Louisville, KY	3.0	1.0	1064	$1,250	$1.17	25d	1	0.60mi
1301 Lillian Ave Louisville, KY	3.0	1.0	974	$1,250	$1.28	17d	1	0.61mi
310 W Kenton St Louisville, KY	3.0	2.0	1295	$1,350	$1.04	25d	1	0.62mi
1147 Lincoln Ave Louisville, KY	4.0	1.0	1323	$1,295	$0.98	4d	1	0.64mi
3909 Southern Pkwy Unit 2 Louisville, KY	3.0	1.0	1000	$1,100	$1.10	5d	1	0.65mi
615 Dresden Ave Louisville, KY	3.0	1.0	884	$1,450	$1.64	25d	1	0.67mi
4007 Southern Pkwy Unit 1 Louisville, KY	4.0	1.0	1500	$1,395	$0.93	5d	1	0.74mi
551 Denmark St Louisville, KY	3.0	1.5	1160	$1,700	$1.47	25d	1	0.79mi
925 W Evelyn Ave Louisville, KY	3.0	1.5	1520	$1,650	$1.09	25d	1	0.86mi
1244 Algonquin Pkwy Louisville, KY	3.0	1.5	1136	$1,400	$1.23	25d	1	1.01mi
4133 S 5th St Louisville, KY	4.0	1.0	1200	$1,435	$1.20	17d	1	1.03mi
910 W Whitney Ave Louisville, KY	3.0	1.0	1186	$1,450	$1.22	3d	1	1.03mi
910 W Whitney Ave Louisville, KY	3.0	1.0	1186	$1,450	$1.22	13d	1	1.03mi
2 Eutropia Ct Louisville, KY	3.0	2.0	1367	$1,950	$1.43	18d	1	1.08mi
2125 Crittenden Dr Louisville, KY	3.0	2.0	1450	$1,800	$1.24	18d	1	1.12mi
1501 Bellamy Pl Louisville, KY	2.0–4.0	2.0–4.0	1074	$2,676	$2.49	5d	1	1.22mi
1522 Clara Ave Louisville, KY	3.0	2.0	1150	$1,150	$1.00	25d	1	1.24mi
119 E Southern Heights Ave Louisville, KY	3.0	1.0	1000	$1,250	$1.25	25d	1	1.27mi
2207 James Pirtle Ct Louisville, KY	1.0–3.0	1.0–2.0	883	$1,458	$1.65	5d	17	1.28mi
414 W Hill St Louisville, KY	3.0	1.5	1150	$1,500	$1.30	25d	1	1.32mi
4513 S 6th St Louisville, KY	3.0	2.0	1581	$2,650	$1.68	25d	1	1.34mi
523 Rawlings St Louisville, KY	3.0	1.0	1296	$1,495	$1.15	13d	1	1.43mi
216 W Burnett Ave Unit 216A Louisville, KY	3.0	1.0	900	$1,150	$1.28	18d	1	1.44mi
1445 S 2nd St Unit 3 Louisville, KY	3.0	1.0	1290	$1,500	$1.16	16d	1	1.47mi

Listing history 11 events

1. 2026-06-07
   statusdays on market $181,000 Pending 41 DOM
2. 2026-06-03
   days on market $181,000 Active 40 DOM
3. 2026-06-02
   days on market $181,000 Active 39 DOM
4. 2026-06-01
   days on market $181,000 Active 38 DOM
5. 2026-05-31
   days on market $181,000 Active 37 DOM
6. 2026-04-22
   listed $181,000 Active
7. 2026-03-15
   historical
8. 2026-02-04
   historical Active Under Contract
9. 2025-07-13
   price $181,000
10. 2024-12-19
    price $184,174
11. 2024-06-27
    listed $187,933 Active

ⓘ 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 ≥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: $19,490
• − Mortgage interest: −$10,139
• − Property taxes: −$2,715
• − Insurance: −$905
• − Repairs & maintenance: −$1,559
• − Management: −$1,559
• − Depreciation: −$5,265
• Taxable loss: −$2,653
• Est. tax savings @ 24.0%: +$637
• After-tax cash flow: $1,023/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): 15,605
• Household income: $39,560
• Rent vs Own: 73.8% rent · 26.2% own
• Severe rent burden: 1136.0

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 0.56)
• Race & ethnicity: White 62% Black 22% Two or more races 9% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 90% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -72.97%
• Current HPI: 240.6261
• Rent YoY: ▲ 6.06%
• 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

-3.7% since first listed

6 events — show timeline

• 2026-04-22 Listed $181,000 Metro Search MLS
• 2026-03-15 Listing Removed — Metro Search MLS
• 2026-02-04 Contingent — Metro Search MLS
• 2025-07-13 Price Changed $181,000 Metro Search MLS
• 2024-12-19 Price Changed $184,174 Metro Search MLS
• 2024-06-27 Listed $187,933 Metro Search MLS