3407 Del Park Ter · Louisville, KY 40211

$67,550

3 bd · 1.0 ba · 1,080 sqft · SingleFamily · 38 Days on market

Built 1923 3,441 sqft lot Est $75k · 9% 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 +30.0/30.0
• ARV discount +11.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.7/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Awesome single family home in the west end. Currently leased month for $1092/mo with a $1060 deposit. Showings must be scheduled 72 hours in advance Monday - Friday.

Key facts

• 3,441 sq ft lot
• Built 1923
• Listed 38 days

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Utilities: Electricity connected
• Home design: 2 stories; Built in 1923; Shingle roof; Vinyl siding
• Construction: Vinyl siding construction; Shingle roof; Built in 1923; Unfinished below-grade area
• Exterior features: Lot approximately 0.08 acres; Traditional-style single-family residence

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 3 bedrooms (primary bedroom on the first floor)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Unfinished basement; Basement present; First-floor primary bedroom
• Laundry & utility: No first-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $66k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.6% 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 (+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 $1,222/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 $468 of loan paydown is wiped out by about $2k 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 $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y 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

• 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 $65,523 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.81% ✓
• Cap rate: 15.64%
• Cash-on-cash: 33.37%
• DSCR: 2.48
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $74,520
• 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 (+1%)	4mo	$46,000	$42	71
2620 W Madison St	0.70mi	3/1.5	1,080 (0%)	1mo	$74,000	$69	64
844 Louis Coleman Jr Dr	0.51mi	3/1.0	1,008 (-7%)	3mo	$109,000	$108	62
802 Sutcliffe Ave	0.43mi	2/1.0 (-1)	1,162 (+8%)	4mo	$110,000	$95	59
117 N 34th St	0.66mi	3/1.0	1,130 (+5%)	4mo	$34,000	$30	58
637 S 27th St	0.67mi	3/1.0	1,110 (+3%)	7mo	$40,000	$36	58
3212 W Kentucky St	0.65mi	2/1.5 (-1)	1,104 (+2%)	2mo	$45,000	$41	58
3419 Greenwood Ave	0.70mi	3/1.0	1,033 (-4%)	3mo	$120,000	$116	58
431 Amy Ave	0.43mi	2/1.0 (-1)	1,223 (+13%)	5mo	$80,000	$65	49
2831 W Madison St	0.52mi	2/1.0 (-1)	937 (-13%)	1mo	$108,000	$115	48
3226 W Jefferson St	0.45mi	2/1.0 (-1)	920 (-15%)	6mo	$48,000	$52	44
3414 Greenwood Ave	0.73mi	2/1.0 (-1)	1,213 (+12%)	8mo	$110,000	$91	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 · 4.87% rent growth · sell at horizon

5-year hold

• IRR: 30.7%
• Equity multiple: 2.32×
• Total profit: $24,895
• Equity at exit: $10,072

10-year hold

• IRR: 38.9%
• Equity multiple: 4.95×
• Total profit: $74,801
• Equity at exit: $5,840

Cash invested: $18,914 (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: 4.6×

Monthly cashflow live

• Estimated rent: $1,222 high
• Mortgage (P&I): −$354
• Tax from tax record: −$57 /mo · $682/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $526

Break-even live

Break-even rent $556

Max offer price $67,550

Occupancy floor 52%

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: $16,888
• Closing costs: $2,026
• 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 33 events

1. 2026-06-18
   days on market $67,550 Active 38 DOM
2. 2026-06-17
   days on market $67,550 Active 37 DOM
3. 2026-06-16
   days on market $67,550 Active 36 DOM
4. 2026-06-15
   days on market $67,550 Active 35 DOM
5. 2026-06-13
   days on market $67,550 Active 33 DOM
6. 2026-06-10
   days on market $67,550 Active 30 DOM
7. 2026-06-09
   days on market $67,550 Active 29 DOM
8. 2026-06-08
   days on market $67,550 Active 28 DOM
9. 2026-06-07
   days on market $67,550 Active 27 DOM
10. 2026-06-03
    days on market $67,550 Active 23 DOM
11. 2026-06-02
    days on market $67,550 Active 22 DOM
12. 2026-06-01
    days on market $67,550 Active 21 DOM
13. 2026-05-31
    days on market $67,550 Active 20 DOM
14. 2026-05-11
    listed $67,550 Active
15. 2024-06-26
    historical $1,200
16. 2024-06-03
    historical
17. 2024-05-08
    listed $1,200
18. 2024-04-05
    price $77,500
19. 2024-02-23
    listed $80,000 Active
20. 2023-08-20
    historical
21. 2023-07-08
    historical
22. 2023-05-22
    status Active
23. 2023-05-22
    price $72,500
24. 2023-05-15
    status Pending
25. 2023-03-14
    listed $75,000 Active
26. 2022-04-01
    soldstatus $451,000
27. 2018-12-26
    soldstatus $16,500 Closed
28. 2018-12-07
    status Pending
29. 2018-11-23
    listed $1 Active
30. 2003-11-03
    soldstatus $22,500
31. 2003-07-24
    listed $24,900
32. 2002-10-19
    historical
33. 2001-12-13
    listed $64,500

ⓘ 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: $682 · $57/mo
• Projected year-2 tax: $682 · $57/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 (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: $14,660
• − Mortgage interest: −$3,784
• − Property taxes: −$682
• − Insurance: −$338
• − Repairs & maintenance: −$1,173
• − Management: −$1,173
• − Depreciation: −$1,965
• Taxable income: $5,546
• Est. tax owed @ 24.0%: −$1,331
• After-tax cash flow: $4,980/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

+4.7% since first listed

20 events — show timeline

• 2026-05-11 Listed $67,550 Metro Search MLS
• 2024-06-26 Rental Removed $1,200 Avail
• 2024-06-03 Listing Removed — Metro Search MLS
• 2024-05-08 Listed for Rent $1,200 Avail
• 2024-04-05 Price Changed $77,500 Metro Search MLS
• 2024-02-23 Listed $80,000 Metro Search MLS
• 2023-08-20 Rental Removed — RENTLY
• 2023-07-08 Listing Removed — Metro Search MLS
• 2023-05-22 Relisted — Metro Search MLS
• 2023-05-22 Price Changed $72,500 Metro Search MLS
• 2023-05-15 Pending — Metro Search MLS
• 2023-03-14 Listed $75,000 Metro Search MLS
• 2022-04-01 Sold (Public Records) $451,000 Public Records
• 2018-12-26 Sold (MLS) $16,500 Metro Search MLS
• 2018-12-07 Pending — Metro Search MLS
• 2018-11-23 Listed $1 Metro Search MLS
• 2003-11-03 Sold (Public Records) $22,500 Public Records
• 2003-07-24 Listed $24,900 Metro Search MLS
• 2002-10-19 Listing Removed — Metro Search MLS
• 2001-12-13 Listed $64,500 Metro Search MLS

Property tax history

+3.6%/yr

Latest (2025): $682 · -1.9% YoY. Source: county tax records.