1801 Janlyn Rd #11 · Jeffersontown, KY 40299

$124,500

2 bd · 1.0 ba · 755 sqft · Condo · 157 Days on market

Built 1972 $265/mo HOA · 20% 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 +13.9/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• DSCR +4.2/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

Key facts

• Updated bath
• Walk-in closet
• Matching appliances

Tags

• UPDATED KITCHEN
• WHITE CABINETRY
• MATCHING APPLIANCES
• TILE FLOORING
• WALK-IN CLOSET
• UPDATED BATH

Property features AI

Finance

• Other: Building contains 18 condo units; Building number 1801; Above-grade finished living area reported
• HOA & community: Condo association with monthly maintenance; Monthly maintenance fee listed (association fee information available); Association amenities include storage; Maintenance covers exterior maintenance, groundskeeping, master insurance, sewer, snow removal, trash, and water; Rentals allowed; Pets allowed per restrictions

Exterior

• Parking: See remarks for parking details
• Security: Secured building
• Utilities: Electricity connected; Natural gas available; Water and sewer included in association maintenance
• Home design: Condominium (residential); Traditional architectural style; Located on the 2nd floor of the building; Three-story building
• Construction: Built in 1972; Brick construction; Shingle roof; Poured concrete foundation
• Exterior features: Level lot

Interior

• Kitchen: Kitchen on the second floor; Dining area on the second floor
• Bedrooms: Two bedrooms located on the second floor
• Bathrooms: One full bathroom on the second floor
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Five total rooms; Five closets; No basement
• Laundry & utility: Laundry room in the basement; First-floor laundry not present

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $124k.

Deal economics

• At list price, monthly cash flow is $14 ($170/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $124k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.4% vs local median 4.2% in Jeffersontown — 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 81/100 on livability (#68 in KY, #1,520 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, amenities 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: Cochrane Elementary (math 12% / reading 32%, grade F, #525 of 676 statewide, top 82%, 488 students, 55% FRL); Carrithers Middle (math 10% / reading 36%, grade F, #197 of 217 statewide, top 92%, 583 students, 60% FRL); Jeffersontown High (math 17% / reading 17%, grade F, #222 of 254 statewide, top 89%, 943 students, 57% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents rising fast (+4.3%/yr); 230 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 $861 of loan paydown is wiped out by about $4k 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 157 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $60k; list at $124k implies a 108% gain — meaningful room to come down on a strong offer.

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 $109,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 157 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.08% ✓
• Cap rate: 6.43%
• Cash-on-cash: 0.49%
• DSCR: 1.02
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.34% rent growth · sell at horizon

5-year hold

• IRR: -13.6%
• Equity multiple: 0.50×
• Total profit: $-17,292
• Equity at exit: $18,563

10-year hold

• IRR: -2.2%
• Equity multiple: 0.84×
• Total profit: $-5,568
• Equity at exit: $10,764

Cash invested: $34,860 (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 40299

• Rents YoY: 4.3%
• Active inventory: 230
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,348 high
• Mortgage (P&I): −$653
• Tax from tax record: −$81 /mo · $976/yr
• Insurance: −$52
• HOA: −$265
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $14

Break-even live

Break-even rent $1,330

Max offer price $124,500

Occupancy floor 94%

Sensitivity live

Price	-10% $85	-5% $49	+0% $14	+5% $-21	+10% $-56
Rent	-10% $-92	-5% $-39	+0% $14	+5% $67	+10% $121
Rate	-1.0pp $77	-0.5pp $46	base $14	+0.5pp $-18	+1.0pp $-51

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9345 Taylorsville Rd #17 Louisville, KY	1.0	1.0	550	$1,200	$2.18	25d	1	0.02mi
292 Stoke on Trent St Jeffersontown, KY	1.0–3.0	1.0–2.5	955	$1,249	$1.31	5d	9	0.24mi
9601 Balsam Way Louisville, KY	1.0–3.0	1.0–1.5	962	$1,190	$1.24	3d	29	0.45mi
2204 Deercross Dr Louisville, KY	1.0–2.0	1.0–2.0	736	$1,599	$2.17	5d	12	1.02mi
3061 Sprowl Rd Louisville, KY	1.0–2.0	1.0–1.5	862	$1,299	$1.51	5d	8	1.12mi
2050 Stony Brook Dr Louisville, KY	1.0–3.0	1.0–2.0	971	$1,812	$1.87	3d	28	1.15mi

HOA detail condo

• Monthly dues: $265 · $3,180/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-21
   days on market $124,500 Active 157 DOM
2. 2026-06-18
   days on market $124,500 Active 154 DOM
3. 2026-06-17
   days on market $124,500 Active 153 DOM
4. 2026-06-16
   days on market $124,500 Active 152 DOM
5. 2026-06-15
   days on market $124,500 Active 151 DOM
6. 2026-06-13
   days on market $124,500 Active 149 DOM
7. 2026-06-10
   days on market $124,500 Active 146 DOM
8. 2026-06-09
   days on market $124,500 Active 145 DOM
9. 2026-06-08
   days on market $124,500 Active 144 DOM
10. 2026-06-07
    days on market $124,500 Active 143 DOM
11. 2026-06-03
    days on market $124,500 Active 139 DOM
12. 2026-06-02
    days on market $124,500 Active 138 DOM
13. 2026-06-01
    days on market $124,500 Active 137 DOM
14. 2026-05-31
    days on market $124,500 Active 136 DOM
15. 2026-01-15
    listed $124,500 Active
16. 2018-09-14
    soldstatus $60,000 Closed 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

17. 2018-07-24
    status Pending 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

18. 2018-07-16
    historical Active Under Contract 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

19. 2018-03-09
    price $72,500 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

20. 2018-03-09
    price $62,500 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

21. 2018-03-09
    price $40,000 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

22. 2018-03-09
    price $70,000 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

23. 2018-03-09
    price $65,000 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

24. 2018-03-09
    listed $75,000 Active 478-char remark

    Show marketing remark (478 chars)

    Looking for the perfect condo in the Jeffersontown area? Then this is the one for you! You're going to want to call this beautiful 2 bedroom - 1 bath condo home the second you see it. Neutral paint throughout and you'll love all the updated features in the kitchen; upgraded counter tops, white cabinets, matching appliances, and tile floors. The master bedroom features a spacious walk-in closet and 4-piece bath has also been updated. This move in ready condo won't last long!

25. 2016-06-10
    soldstatus $58,000
26. 2016-06-06
    soldstatus $58,000 Closed 436-char remark

    Show marketing remark (436 chars)

    Just completed! Interior brand new! Easy to move into. Granite look counters complete the look in the fully furnished kitchen. Good closet space including extra storage on same floor. If you are currently renting you might want to consider this home where your monthly payment is cheaper than rent! Reserved parking. Close to Taylorsville Road/Hurstbourne amenities including Louisville Athletic Club and LA Fitness. Easy access to I-64

27. 2016-05-13
    status Pending 436-char remark

    Show marketing remark (436 chars)

    Just completed! Interior brand new! Easy to move into. Granite look counters complete the look in the fully furnished kitchen. Good closet space including extra storage on same floor. If you are currently renting you might want to consider this home where your monthly payment is cheaper than rent! Reserved parking. Close to Taylorsville Road/Hurstbourne amenities including Louisville Athletic Club and LA Fitness. Easy access to I-64

28. 2016-03-26
    listed $68,500 Active 436-char remark

    Show marketing remark (436 chars)

    Just completed! Interior brand new! Easy to move into. Granite look counters complete the look in the fully furnished kitchen. Good closet space including extra storage on same floor. If you are currently renting you might want to consider this home where your monthly payment is cheaper than rent! Reserved parking. Close to Taylorsville Road/Hurstbourne amenities including Louisville Athletic Club and LA Fitness. Easy access to I-64

29. 2008-05-09
    soldstatus $89,900
30. 2007-04-27
    listed $89,900

ⓘ 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: $976 · $81/mo
• Projected year-2 tax: $1,071 · $89/mo
• Expected delta: +$95/yr (+$8/mo · 9.8%)

ⓘ 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 ≥103°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: $16,181
• − Mortgage interest: −$6,974
• − Property taxes: −$976
• − Insurance: −$622
• − Repairs & maintenance: −$1,294
• − Management: −$1,294
• − HOA: −$3,180
• − Depreciation: −$3,622
• Taxable loss: −$1,782
• Est. tax savings @ 24.0%: +$428
• After-tax cash flow: $598/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 — Jeffersontown

• Score: 81/100
• State rank: #68
• US rank: #1520

Category grades

Amenities F Commute A+ Cost of living A+ Crime B+ Employment A- Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jeffersontown, KY
• County: Jefferson County · 790,184 people
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 42,207
• Household income: $89,440
• Rent vs Own: 25.2% rent · 74.8% own
• Severe rent burden: 887.0

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 (79%)
• Race & ethnicity: White 79% Black 11% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Common ancestry: Romanian 2% Slovak 2% Italian 2%
• Foreign-born: 7% · Canada, China, India
• Languages at home: 91% English-only · Spanish 3% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -259.19%
• Current HPI: 220.9191
• Rent YoY: ▲ 4.34%
• 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

+38.5% since first listed

16 events — show timeline

• 2026-01-15 Listed $124,500 Metro Search MLS
• 2018-09-14 Sold (MLS) $60,000 Metro Search MLS
• 2018-07-24 Pending — Metro Search MLS
• 2018-07-16 Contingent — Metro Search MLS
• 2018-03-09 Listed $75,000 Metro Search MLS
• 2018-03-09 Price Changed $65,000 Metro Search MLS
• 2018-03-09 Price Changed $70,000 Metro Search MLS
• 2018-03-09 Price Changed $40,000 Metro Search MLS
• 2018-03-09 Price Changed $62,500 Metro Search MLS
• 2018-03-09 Price Changed $72,500 Metro Search MLS
• 2016-06-10 Sold (Public Records) $58,000 Public Records
• 2016-06-06 Sold (MLS) $58,000 Metro Search MLS
• 2016-05-13 Pending — Metro Search MLS
• 2016-03-26 Listed $68,500 Metro Search MLS
• 2008-05-09 Sold (MLS) $89,900 Metro Search MLS
• 2007-04-27 Listed $89,900 Metro Search MLS

Property tax history

+0.2%/yr

Latest (2025): $976 · +0.5% YoY. Source: county tax records.