7052 Wildwood Cir Apt 105 · Louisville/Jefferson County metro government (balance), KY 40291

$114,500

2 bd · 1.0 ba · 876 sqft · Condo · 10 Days on market

Built 1979 $222/mo HOA · 17% of rent

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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 +17.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• DSCR +5.5/10.0
• Rent growth +5.0/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you're looking for an affordable and accessible first floor condo, here you go! Conveniently located in Wildwood Community in Fern Creek. 2 bedrooms, 1 bath. Ready for your updates and personal touch. Primary bedroom has a walk-in closet. Hard to find price range! Community has a pool and tennis court. **24 hour notice to show**

Key facts

• Recent updates
• Ground floor condo
• New flooring

Tags

• GROUND FLOOR CONDO
• PRIORITY DEDICATED PARKING
• RECENT UPDATES
• NEW APPLIANCES
• NEW FRONT DOOR
• NEW FLOORING

Property features AI

Finance

• Other: Building has 2 floors; this condo is in building number 7052; Total building area reported as 876 sq ft; Living area reported as 876
• HOA & community: Condo association with community pool; Monthly maintenance fee included (maintenance listed as $222); Trash and water included in maintenance

Exterior

• Parking: No parking included
• Utilities: Electricity connected; Natural gas available
• Home design: Condominium (residential); One-story unit; Entry on first floor
• Construction: Built in 1979; Shingle roof; Slab foundation
• Exterior features: Patio-style condominium; Located on the 1st floor; No fireplace; Part of Wildwood Condominiums

Interior

• Kitchen: Kitchen (first floor)
• Bedrooms: 2 bedrooms (both on the first floor)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Two closets; Basement: none; First-floor laundry
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $114k.

Deal economics

• At list price, monthly cash flow is $87 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $114k).
• Cap rate 7.2% vs local median 4.0% in Louisville/Jefferson County metro government (balance) — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: Fern Creek Elementary (math 11% / reading 27%, grade F, #599 of 676 statewide, top 89%, 712 students, 66% FRL); Newburg Middle (math 14% / reading 36%, grade F, #184 of 217 statewide, top 87%, 941 students, 64% FRL); Fern Creek High (math 20% / reading 27%, grade F, #199 of 254 statewide, top 78%, 1,688 students, 60% FRL).
• Market conditions: Rents rising fast (+15.0%/yr); 294 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $792 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 + 8.0% rent growth), your $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 28y 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 $97k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $114,500

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 7.21%
• Cash-on-cash: 3.26%
• DSCR: 1.15
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.82×
• Total profit: $-5,872
• Equity at exit: $17,072

10-year hold

• IRR: 10.9%
• Equity multiple: 2.07×
• Total profit: $34,440
• Equity at exit: $9,900

Cash invested: $32,060 (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 40291

• Rents YoY: 15.0%
• Active inventory: 294
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,326 high
• Mortgage (P&I): −$600
• Tax from tax record: −$91 /mo · $1,087/yr
• Insurance: −$48
• HOA: −$222
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $87

Break-even live

Break-even rent $1,216

Max offer price $114,500

Occupancy floor 88%

Sensitivity live

Price	-10% $152	-5% $120	+0% $87	+5% $55	+10% $22
Rent	-10% $-18	-5% $35	+0% $87	+5% $140	+10% $192
Rate	-1.0pp $145	-0.5pp $116	base $87	+0.5pp $57	+1.0pp $27

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: $28,625
• Closing costs: $3,435
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4603 Roxann Blvd Louisville, KY	1.0	1.0	576	$1,025	$1.78	4d	6	0.43mi
7025 Bronner Cir Louisville, KY	1.0–2.0	1.0–2.5	1050	$1,403	$1.34	13d	9	0.70mi
4204 Breckenridge Ln Louisville, KY	1.0	1.0	650	$892	$1.37	16d	7	0.81mi
4313 Norbrook Dr Unit 4 Louisville, KY	2.0	1.0	725	$950	$1.31	25d	1	0.98mi
4311 Norbrook Dr Apt 4 Louisville, KY	1.0	1.0	550	$850	$1.55	25d	1	0.99mi
226 Granvil Dr Louisville, KY	3.0	1.0	1050	$1,800	$1.71	5d	1	1.01mi
6003 Jo Danielle Pl Louisville, KY	1.0–2.0	1.0–2.0	888	$1,250	$1.41	17d	7	1.10mi
5312 Poindexter Dr Louisville, KY	1.0–3.0	1.0–2.0	824	$1,092	$1.33	4d	7	1.16mi
8308 Watterson Trl Louisville, KY	1.0	1.0	794	$1,229	$1.55	5d	4	1.20mi
7610 Chelsea Gardens Cir Louisville, KY	2.0–3.0	2.0	1220	$1,494	$1.22	4d	21	1.21mi
2106 Buechel Bank Rd Louisville, KY	1.0–3.0	1.0	1000	$1,234	$1.23	5d	7	1.48mi
6710 Six Mile Ln Louisville, KY	2.0	1.0	1005	$1,275	$1.27	25d	1	1.49mi
6710 Six Mile Ln Louisville, KY	2.0	1.0	1005	$1,275	$1.27	16d	1	1.49mi

HOA detail condo

• Monthly dues: $222 · $2,664/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-04-29
   status Pending
2. 2026-04-18
   listed $114,500 Active
3. 2024-05-21
   soldstatus $97,000
4. 2024-05-17
   soldstatus $97,000 Closed 333-char remark

   Show marketing remark (333 chars)

   If you're looking for an affordable and accessible first floor condo, here you go! Conveniently located in Wildwood Community in Fern Creek. 2 bedrooms, 1 bath. Ready for your updates and personal touch. Primary bedroom has a walk-in closet. Hard to find price range! Community has a pool and tennis court. **24 hour notice to show**

5. 2024-04-19
   status Pending 333-char remark

   Show marketing remark (333 chars)

   If you're looking for an affordable and accessible first floor condo, here you go! Conveniently located in Wildwood Community in Fern Creek. 2 bedrooms, 1 bath. Ready for your updates and personal touch. Primary bedroom has a walk-in closet. Hard to find price range! Community has a pool and tennis court. **24 hour notice to show**

6. 2024-03-25
   status Active 333-char remark

   Show marketing remark (333 chars)

   If you're looking for an affordable and accessible first floor condo, here you go! Conveniently located in Wildwood Community in Fern Creek. 2 bedrooms, 1 bath. Ready for your updates and personal touch. Primary bedroom has a walk-in closet. Hard to find price range! Community has a pool and tennis court. **24 hour notice to show**

7. 2024-03-11
   historical Active Under Contract 333-char remark

   Show marketing remark (333 chars)

   If you're looking for an affordable and accessible first floor condo, here you go! Conveniently located in Wildwood Community in Fern Creek. 2 bedrooms, 1 bath. Ready for your updates and personal touch. Primary bedroom has a walk-in closet. Hard to find price range! Community has a pool and tennis court. **24 hour notice to show**

8. 2024-02-21
   listed $115,000 Active 333-char remark

   Show marketing remark (333 chars)

   If you're looking for an affordable and accessible first floor condo, here you go! Conveniently located in Wildwood Community in Fern Creek. 2 bedrooms, 1 bath. Ready for your updates and personal touch. Primary bedroom has a walk-in closet. Hard to find price range! Community has a pool and tennis court. **24 hour notice to show**

9. 2012-06-27
   historical
10. 2011-06-27
    listed $69,900
11. 2003-12-12
    soldstatus $61,400
12. 2003-08-28
    listed $63,950
13. 1998-06-23
    soldstatus $63,500
14. 1998-04-20
    listed $63,500

ⓘ 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: $1,087 · $91/mo
• Projected year-2 tax: $1,087 · $91/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 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,917
• − Mortgage interest: −$6,414
• − Property taxes: −$1,087
• − Insurance: −$572
• − Repairs & maintenance: −$1,273
• − Management: −$1,273
• − HOA: −$2,664
• − Depreciation: −$3,331
• Taxable loss: −$698
• Est. tax savings @ 24.0%: +$168
• After-tax cash flow: $1,213/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/Jefferson County metro government (balance)

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Louisville/Jefferson County metro government (balance), KY
• County: Jefferson County · 790,184 people
• City population: 419,741
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 41,222
• Household income: $81,267
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 790.0

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 White (66%)
• Race & ethnicity: White 66% Black 19% Two or more races 8% Hispanic / Latino 8% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 7% · Canada, India, Vietnam
• Languages at home: 89% English-only · Spanish 4% Russian/Polish/Slavic 1% 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: ▼ -279.15%
• Current HPI: 218.0784
• Rent YoY: ▲ 14.96%
• 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

+80.3% since first listed

14 events — show timeline

• 2026-04-29 Pending — Metro Search MLS
• 2026-04-18 Listed $114,500 Metro Search MLS
• 2024-05-21 Sold (Public Records) $97,000 Public Records
• 2024-05-17 Sold (MLS) $97,000 Metro Search MLS
• 2024-04-19 Pending — Metro Search MLS
• 2024-03-25 Relisted — Metro Search MLS
• 2024-03-11 Contingent — Metro Search MLS
• 2024-02-21 Listed $115,000 Metro Search MLS
• 2012-06-27 Listing Removed — Metro Search MLS
• 2011-06-27 Listed $69,900 Metro Search MLS
• 2003-12-12 Sold (Public Records) $61,400 Public Records
• 2003-08-28 Listed $63,950 Metro Search MLS
• 1998-06-23 Sold (MLS) $63,500 Metro Search MLS
• 1998-04-20 Listed $63,500 Metro Search MLS

Property tax history

+4.4%/yr

Latest (2025): $1,087 · +20.5% YoY. Source: county tax records.