526 Dr W. J. Hodge St · Louisville, KY
Flood risk 7/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.96%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $839 – $1,559
Heat risk 5/10 · Moderate
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 20 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Rent growth +3.4/5.0
- Livability +3.2/5.0
- Condition / age +2.5/5.0
- Schools +2.3/10.0
- Appreciation +0.0/10.0
$59,999
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
Key facts
- Brick two story
- Ample natural light
- Galley style kitchen
Tags
Property features AI
Finance
- Other: Listed subdivision: RUSSELL
- HOA & community: No association fee
Exterior
- Utilities: Electricity connected; Natural gas available
- Home design: Single family residence; Traditional style; Two stories
- Construction: Built in 1900; Wood frame and brick construction; Shingle roof; Poured concrete foundation
- Exterior features: Privacy wood fencing; Sidewalks; Corner lot
Interior
- Kitchen: Kitchen on the first floor
- Bedrooms: Two bedrooms total; One bedroom on the first floor; One bedroom (loft) on the second floor; Finished attic space usable as storage/office/den on the second floor
- Bathrooms: One full bathroom on the first floor
- Heating & cooling: Forced air heating; Natural gas
- Interior features: Six total rooms; Three closets; One fireplace on the first floor; Basement: unfinished cellar
- Laundry & utility: First-floor laundry
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $60k.
Deal economics
- At list price, monthly cash flow is $446 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $60k).
- Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
- Cap rate 16.5% 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+, 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 (+3.7%/yr); 115 active listings in the ZIP; 40 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).
- This rent runs 44% of the median local income ($31k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $415 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 + 3.7% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 55 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 23y 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 $30k; list at $60k implies a 103% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.87% ✓
- Cap rate
- 16.54%
- Cash-on-cash
- 36.60%
- DSCR
- 2.63
- GRM
- 4.4
CMA / ARV
- ARV (on-the-fly)
- $126,003
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 408 Dr W J Hodge St | 0.18mi | 2/1.5 | 1,270 (-2%) | 3mo | $120,000 | $94 | 83 |
| 2102 Magazine St | 0.19mi | 2/1.0 | 1,148 (-12%) | 3mo | $42,500 | $37 | 69 |
| 629 S 19th St | 0.26mi | 3/2.5 (+1) | 1,358 (+4%) | 4mo | $159,900 | $118 | 66 |
| 2425 Elliott Ave | 0.40mi | 3/2.0 (+1) | 1,325 (+2%) | 5mo | $145,000 | $109 | 65 |
| 2010 W Market St | 0.35mi | 3/2.0 (+1) | 1,376 (+6%) | 4mo | $135,000 | $98 | 62 |
| 720 S 24th St | 0.47mi | 3/1.5 (+1) | 1,254 (-4%) | 7mo | $155,000 | $124 | 60 |
| 2321 W Market St | 0.45mi | 3/1.0 (+1) | 1,138 (-12%) | 1mo | $110,000 | $97 | 53 |
| 865 S 26th St | 0.75mi | 3/1.0 (+1) | 1,371 (+6%) | 3mo | $51,999 | $38 | 49 |
| 101 Saunders | 0.60mi | 2/2.0 | 1,148 (-12%) | 5mo | $145,000 | $126 | 44 |
| 207 N 19th St | 0.60mi | 3/1.0 (+1) | 1,464 (+13%) | 7mo | $60,000 | $41 | 40 |
| 637 S 27th St | 0.55mi | 3/1.0 (+1) | 1,110 (-14%) | 7mo | $40,000 | $36 | 39 |
| 2333 Duncan St | 0.70mi | 3/1.0 (+1) | 1,480 (+14%) | 5mo | $83,750 | $57 | 35 |
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 · 3.73% rent growth · sell at horizon
- IRR
- 27.7%
- Equity multiple
- 2.16×
- Total profit
- $19,540
- Equity at exit
- $8,946
- IRR
- 35.6%
- Equity multiple
- 4.40×
- Total profit
- $57,181
- Equity at exit
- $5,188
Cash invested: $16,800 (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
ZIP-level market 40203
- Home prices YoY
- -13.8%
- Rents YoY
- 3.7%
- Active inventory
- 115
- Price-to-rent
- 4.4×
Monthly cashflow live
- Estimated rent
- $1,124 high interval (Pro) →
- Mortgage (P&I)
- −$315
- Tax from tax record
- −$36 /mo · $431/yr
- Insurance
- −$25
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$236
- Net cashflow
- $446
Break-even live
Sensitivity live
| Price | -10% $480 | -5% $463 | +0% $446 | +5% $429 | +10% $412 |
|---|---|---|---|---|---|
| Rent | -10% $357 | -5% $401 | +0% $446 | +5% $490 | +10% $535 |
| Rate | -1.0pp $476 | -0.5pp $461 | base $446 | +0.5pp $430 | +1.0pp $414 |
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
- $15,000
- Closing costs
- $1,800
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 515 S 20th St Louisville, KY | 2.0 | 1.0 | 1000 | $995 | $0.99 | 17d | 1 | 0.08mi |
| 2221 W Madison St Louisville, KY | 2.0 | 1.0 | 1000 | $1,350 | $1.35 | 22d | 1 | 0.14mi |
| 2221 W Madison St Louisville, KY | 3.0 | 1.0 | 1000 | $1,350 | $1.35 | 24d | 1 | 0.14mi |
| 2300 W Madison St Louisville, KY | 2.0 | 1.0 | 900 | $850 | $0.94 | 24d | 1 | 0.19mi |
| 1810 Magazine St Louisville, KY | 3.0 | 1.5 | 1248 | $1,450 | $1.16 | 11d | 1 | 0.30mi |
| 430 S 24th St Louisville, KY | 3.0 | 1.5 | 1288 | $1,400 | $1.09 | 24d | 1 | 0.36mi |
| 2411 Elliott Ave Louisville, KY | 2.0 | 1.0 | 892 | $895 | $1.00 | 24d | 1 | 0.36mi |
| 2310 W Broadway Unit 1 Louisville, KY | 1.0 | 1.0 | 1100 | $975 | $0.89 | 4d | 1 | 0.37mi |
| 1700 Magazine St Unit 3 Louisville, KY | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 18d | 1 | 0.40mi |
| 120 N 20th St Louisville, KY | 3.0 | 1.5 | 1300 | $1,400 | $1.08 | 24d | 1 | 0.54mi |
| 2631 W Madison St Unit 1 Louisville, KY | 3.0 | 1.0 | 928 | $950 | $1.02 | 24d | 1 | 0.54mi |
| 2631 W Madison St Unit 2 Louisville, KY | 2.0 | 1.0 | 928 | $850 | $0.92 | 24d | 1 | 0.54mi |
| 2631 W Madison St Unit 2 Louisville, KY | 2.0 | 1.0 | 928 | $850 | $0.92 | 18d | 1 | 0.54mi |
| 2132 Rowan St Louisville, KY | 1.0–2.0 | 1.0–2.0 | 875 | $928 | $1.06 | 4d | 4 | 0.55mi |
| 1612 W Market St Unit 2 Louisville, KY | 2.0 | 2.0 | 900 | $1,000 | $1.11 | 24d | 1 | 0.56mi |
| 2623 Cedar St Louisville, KY | 3.0 | 1.0 | 1000 | $1,000 | $1.00 | 24d | 1 | 0.56mi |
| 112 N 18th St Louisville, KY | 2.0 | 1.0 | 944 | $1,050 | $1.11 | 24d | 1 | 0.58mi |
| 848 S 23rd St Louisville, KY | 3.0 | 1.5 | 1050 | $1,450 | $1.38 | 24d | 1 | 0.59mi |
| 2508 W Main St Louisville, KY | 3.0 | 1.0 | 1327 | $1,500 | $1.13 | 24d | 1 | 0.59mi |
| 2529 W Main St #2 Louisville, KY | 3.0 | 1.0 | 1404 | $1,200 | $0.85 | 24d | 1 | 0.66mi |
| 2733 Chase Ct Louisville, KY | 2.0 | 1.0 | 900 | $900 | $1.00 | 17d | 1 | 0.66mi |
| 214 N 24th St Louisville, KY | 3.0 | 1.5 | 1012 | $915 | $0.90 | 24d | 1 | 0.67mi |
| 212 N 25th St Louisville, KY | 3.0 | 1.0 | 1104 | $895 | $0.81 | 24d | 1 | 0.70mi |
| 2416 Garland Ave Louisville, KY | 3.0 | 2.0 | 1172 | $1,600 | $1.37 | 24d | 1 | 0.73mi |
| 1847 W Kentucky St Louisville, KY | 2.0 | 1.0 | 1368 | $895 | $0.65 | 4d | 1 | 0.75mi |
| 1723 W Kentucky St Unit 3 Louisville, KY | 3.0 | 1.0 | 1200 | $1,300 | $1.08 | 24d | 1 | 0.76mi |
| 322 N 24th St Louisville, KY | 2.0 | 1.0 | 950 | $1,100 | $1.16 | 17d | 1 | 0.77mi |
| 409 N 20th St Louisville, KY | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 4d | 1 | 0.78mi |
| 1644 W Kentucky St Unit 3 Louisville, KY | 3.0 | 1.0 | 900 | $950 | $1.06 | 24d | 1 | 0.82mi |
| 2634 Garland Ave Unit B Louisville, KY | 3.0 | 1.0 | 1152 | $895 | $0.78 | 21d | 1 | 0.84mi |
| 2634 Garland Ave Unit A Louisville, KY | 3.0 | 1.0 | 1152 | $940 | $0.82 | 24d | 1 | 0.84mi |
| 2724 Garland Ave Unit 202 Louisville, KY | 2.0 | 1.0 | 950 | $745 | $0.78 | 4d | 1 | 0.89mi |
| 2711 W Kentucky St Louisville, KY | 3.0 | 1.0 | 1155 | $1,100 | $0.95 | 24d | 1 | 0.91mi |
| 2710 W Kentucky St Apt 2 Louisville, KY | 3.0 | 1.0 | 1015 | $1,300 | $1.28 | 24d | 1 | 0.94mi |
| 1919 Baird St Louisville, KY | 3.0 | 1.0 | 1500 | $1,100 | $0.73 | 17d | 1 | 0.95mi |
| 1148 S 17th St Unit 2 Louisville, KY | 3.0 | 1.0 | 1000 | $895 | $0.90 | 24d | 1 | 1.01mi |
| 2708 Greenwood Ave Apt 1 Louisville, KY | 3.0 | 1.0 | 1100 | $1,300 | $1.18 | 24d | 1 | 1.01mi |
| 1616 Gallagher St Louisville, KY | 3.0 | 1.5 | 1056 | $1,400 | $1.33 | 24d | 1 | 1.02mi |
| 451 N 25th St Unit Mk Louisville, KY | 2.0 | 1.0 | 988 | $875 | $0.89 | 4d | 1 | 1.02mi |
| 1705 1/2 Hale Ave Louisville, KY | 3.0 | 2.0 | 1257 | $1,400 | $1.11 | 11d | 1 | 1.02mi |
Listing history 32 events
-
2026-06-21days on market $59,999 Active 55 DOM
-
2026-06-18days on market $59,999 Active 52 DOM
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2026-06-17days on market $59,999 Active 51 DOM
-
2026-06-16pricedays on market $59,999 Active 50 DOM
-
2026-06-15days on market $62,000 Active 49 DOM
-
2026-06-13days on market $62,000 Active 47 DOM
-
2026-06-10days on market $62,000 Active 44 DOM
-
2026-06-09days on market $62,000 Active 43 DOM
-
2026-06-08days on market $62,000 Active 42 DOM
-
2026-06-07days on market $62,000 Active 41 DOM
-
2026-06-03days on market $62,000 Active 37 DOM
-
2026-06-02days on market $62,000 Active 36 DOM
-
2026-06-01days on market $62,000 Active 35 DOM
-
2026-05-31days on market $62,000 Active 34 DOM
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2026-04-27$62,000 Active
-
2022-12-12soldstatus $29,500 Closed 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2022-12-02status Pending 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2022-11-12status Active 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2022-11-12status Pending 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2022-11-02status Active 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2022-10-29historical Active Under Contract 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2022-10-27$39,900 Active 208-char remark
Show marketing remark (208 chars)
Brick Jewel, Interesting and unique floor plan. Upstairs bedroom loft looking over the living room. Two separate upstairs room with their own seperate stairways. The first showing will be available on Sunday.
-
2019-07-22soldstatus $18,500 Closed 789-char remark
Show marketing remark (789 chars)
This unique brick home has been a rental for years and is ready for a new owner. It offers a unique floor plan and fenced back yard. Entering from the front, living rm is open to galley style kitchen w/gas range, dishwasher and refrigerator . Seller installed tile floor years ago in kitchen and laundry area. Side door exit as well. Nice counter top space and cabinets. Closet under steps could be used as a pantry or storage space. Upstairs is an open loft bedroom with nice closet. Off the kitchen is the full bathroom and heading to the back of the home is a room w/fireplace and closet that has been used as a bedroom in the past. Door to back deck. Upstairs from that room is the finished attic area (5 foot tall ceiling). Rented in past for $550/mo. $600 w/washer/dryer. Call today
-
2019-07-12status Pending 789-char remark
Show marketing remark (789 chars)
This unique brick home has been a rental for years and is ready for a new owner. It offers a unique floor plan and fenced back yard. Entering from the front, living rm is open to galley style kitchen w/gas range, dishwasher and refrigerator . Seller installed tile floor years ago in kitchen and laundry area. Side door exit as well. Nice counter top space and cabinets. Closet under steps could be used as a pantry or storage space. Upstairs is an open loft bedroom with nice closet. Off the kitchen is the full bathroom and heading to the back of the home is a room w/fireplace and closet that has been used as a bedroom in the past. Door to back deck. Upstairs from that room is the finished attic area (5 foot tall ceiling). Rented in past for $550/mo. $600 w/washer/dryer. Call today
-
2019-07-04historical Active Under Contract 789-char remark
Show marketing remark (789 chars)
This unique brick home has been a rental for years and is ready for a new owner. It offers a unique floor plan and fenced back yard. Entering from the front, living rm is open to galley style kitchen w/gas range, dishwasher and refrigerator . Seller installed tile floor years ago in kitchen and laundry area. Side door exit as well. Nice counter top space and cabinets. Closet under steps could be used as a pantry or storage space. Upstairs is an open loft bedroom with nice closet. Off the kitchen is the full bathroom and heading to the back of the home is a room w/fireplace and closet that has been used as a bedroom in the past. Door to back deck. Upstairs from that room is the finished attic area (5 foot tall ceiling). Rented in past for $550/mo. $600 w/washer/dryer. Call today
-
2019-06-25$20,000 Active 789-char remark
Show marketing remark (789 chars)
This unique brick home has been a rental for years and is ready for a new owner. It offers a unique floor plan and fenced back yard. Entering from the front, living rm is open to galley style kitchen w/gas range, dishwasher and refrigerator . Seller installed tile floor years ago in kitchen and laundry area. Side door exit as well. Nice counter top space and cabinets. Closet under steps could be used as a pantry or storage space. Upstairs is an open loft bedroom with nice closet. Off the kitchen is the full bathroom and heading to the back of the home is a room w/fireplace and closet that has been used as a bedroom in the past. Door to back deck. Upstairs from that room is the finished attic area (5 foot tall ceiling). Rented in past for $550/mo. $600 w/washer/dryer. Call today
-
2010-02-16soldstatus $8,700
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2010-01-14$8,500
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2005-09-23soldstatus $52,000
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2005-08-08soldstatus $52,000
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2004-01-16soldstatus $44,305
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2003-05-21$19,900
ⓘ 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
- $431 · $36/mo
- Projected year-2 tax
- $516 · $43/mo
- Expected delta
- +$85/yr (+$7/mo · 19.7%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X (shaded) · 96% 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $13,487
- − Mortgage interest
- −$3,361
- − Property taxes
- −$431
- − Insurance
- −$1,097
- − Repairs & maintenance
- −$1,079
- − Management
- −$1,079
- − Depreciation
- −$1,745
- Taxable income
- $4,694
- Est. tax owed @ 24.0%
- −$1,127
- After-tax cash flow
- $4,224/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
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)
- 17,742
- Household income
- $30,794
- Rent vs Own
- Severe rent burden
- 1603.0
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
- Black 49% White 44% Two or more races 4% Hispanic / Latino 3%
- Common ancestry
- Slovak 2% Lithuanian 2% Romanian 1%
- Foreign-born
- 3% · Canada
- Languages at home
- 97% English-only · Spanish 2%
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
- ▼ -64.74%
- Current HPI
- 405.1872
- Rent YoY
- ▲ 3.73%
- 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 |
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| Food / Beverage | 1 | $7B |
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Price history
+211.6% since first listed18 events — show timeline
- 2026-04-27 Listed $62,000 Metro Search MLS
- 2022-12-12 Sold (MLS) $29,500 Metro Search MLS
- 2022-12-02 Pending — Metro Search MLS
- 2022-11-12 Relisted — Metro Search MLS
- 2022-11-12 Pending — Metro Search MLS
- 2022-11-02 Relisted — Metro Search MLS
- 2022-10-29 Contingent — Metro Search MLS
- 2022-10-27 Listed $39,900 Metro Search MLS
- 2019-07-22 Sold (MLS) $18,500 Metro Search MLS
- 2019-07-12 Pending — Metro Search MLS
- 2019-07-04 Contingent — Metro Search MLS
- 2019-06-25 Listed $20,000 Metro Search MLS
- 2010-02-16 Sold (MLS) $8,700 Metro Search MLS
- 2010-01-14 Listed $8,500 Metro Search MLS
- 2005-09-23 Sold (Public Records) $52,000 Public Records
- 2005-08-08 Sold (Public Records) $52,000 Public Records
- 2004-01-16 Sold (Public Records) $44,305 Public Records
- 2003-05-21 Listed $19,900 Metro Search MLS
Property tax history
+4.9%/yrLatest (2025): $431 · +13.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…