125 S 37th St · Louisville, KY 40212

$84,995

2 bd · 1.0 ba · 875 sqft · SingleFamily · 34 Days on market

Built 1948 4,831 sqft lot Est $104k · 18% under ↓ 20% since listing

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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 +27.2/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.5/10.0
• 1% rule +6.9/10.0
• Livability +3.2/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Awesome single family home. Resident is on a Section 8 lease paying $975/mo. Showings must be scheduled 72 hours in advance Monday - Friday.

Key facts

• 4,831 sq ft lot
• Built 1948
• Listed 34 days

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Utilities: Electricity connected
• Home design: Single-family ranch-style home; One story; Built in 1948
• Construction: Brick construction; Shingle roof; Finished above grade area 875; Below grade unfinished 875
• Exterior features: Lot approximately 0.11 acres; Located in the Globe subdivision

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 2 bedrooms (primary bedroom on the first floor)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: 1 total room; Unfinished basement
• Laundry & utility: No first-floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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 flat; 140 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 34% of the median local income ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $9k of equity ($587 loan paydown + $8k appreciation (10.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 0.5% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 $82,445 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1948 — 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: 1.19% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.28%
• DSCR: 1.55
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $104,125
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
320 N 36th St	0.17mi	3/1.0 (+1)	830 (-5%)	3mo	$111,575	$134	76
3446 W Jefferson St	0.28mi	1/1.0 (-1)	874 (-0%)	12mo	$78,000	$89	72
3226 W Jefferson St	0.39mi	2/1.0	920 (+5%)	6mo	$48,000	$52	68
3425 Vermont Ave	0.56mi	2/1.0	912 (+4%)	4mo	$36,500	$40	64
3924 Garfield Ave	0.37mi	2/1.0	972 (+11%)	8mo	$57,500	$59	57
503 S 32nd St	0.62mi	2/1.0	832 (-5%)	8mo	$35,000	$42	57
2840 Garfield Ave	0.74mi	2/1.0	925 (+6%)	9mo	$129,000	$139	49
2822 Rowan St	0.67mi	2/1.0	944 (+8%)	10mo	$120,000	$127	48
111 S 28th St	0.74mi	2/1.0	816 (-7%)	9mo	$106,900	$131	46
4109 Bank St	0.59mi	3/1.0 (+1)	990 (+13%)	3mo	$157,325	$159	43
3831 W Muhammad Ali Blvd	0.49mi	3/1.0 (+1)	760 (-13%)	10mo	$60,000	$79	42
4215 W Muhammad Ali Blvd	0.72mi	2/1.0	1,006 (+15%)	10mo	$120,000	$119	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 0.51% rent growth · sell at horizon

5-year hold

• IRR: 32.2%
• Equity multiple: 3.49×
• Total profit: $59,322
• Equity at exit: $76,570

10-year hold

• IRR: 27.1%
• Equity multiple: 7.64×
• Total profit: $157,967
• Equity at exit: $165,127

Cash invested: $23,799 (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 40212

• Home prices YoY: 11.0%
• Rents YoY: 0.5%
• Active inventory: 140
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,011 high
• Mortgage (P&I): −$446
• Tax from tax record: −$74 /mo · $889/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $243

Break-even live

Break-even rent $703

Max offer price $84,995

Occupancy floor 71%

Sensitivity live

Price	-10% $292	-5% $268	+0% $243	+5% $219	+10% $195
Rent	-10% $164	-5% $204	+0% $243	+5% $283	+10% $323
Rate	-1.0pp $286	-0.5pp $265	base $243	+0.5pp $221	+1.0pp $199

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: $21,249
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
103 N 38th St Apt 4 Louisville, KY	1.0	1.0	625	$950	$1.52	17d	1	0.08mi
219 N 37th St Louisville, KY	2.0	1.0	700	$1,150	$1.64	24d	1	0.16mi
320 N 36th St Louisville, KY	3.0	1.0	830	$1,225	$1.48	16d	1	0.17mi
3416 W Main St Louisville, KY	1.0	1.0	667	$825	$1.24	24d	1	0.17mi
111 Hansbrough Pl Unit 101 Louisville, KY	1.0	1.0	686	$890	$1.30	24d	1	0.19mi
110 Hansbrough Pl Unit 101 Louisville, KY	2.0	1.0	924	$1,080	$1.17	24d	1	0.20mi
3901 Jewell Ave Louisville, KY	3.0	1.0	1069	$1,140	$1.07	21d	1	0.32mi
3910 Garfield Ave Louisville, KY	2.0	1.0	872	$1,035	$1.19	4d	1	0.37mi
127 Boston Ct Louisville, KY	2.0	1.0	725	$1,100	$1.52	24d	1	0.38mi
112 Boston Ct Louisville, KY	1.0	1.0	650	$800	$1.23	24d	1	0.39mi
313 N 42nd St Louisville, KY	3.0	1.0	900	$1,250	$1.39	4d	1	0.41mi
4141 W Market St Unit 1 Louisville, KY	2.0	1.0	771	$925	$1.20	3d	1	0.42mi
4143 W Market St Unit 2 Louisville, KY	2.0	1.0	700	$850	$1.21	24d	1	0.42mi
247 Cecil Ave Louisville, KY	3.0	2.0	1083	$1,305	$1.20	19d	1	0.49mi
302 Cecil Ave Louisville, KY	2.0	1.0	984	$1,025	$1.04	16d	1	0.54mi
2927 Rowan St Louisville, KY	3.0	1.0	1008	$1,205	$1.20	12d	1	0.54mi
2925 Slevin St Louisville, KY	2.0	1.0	896	$775	$0.86	4d	1	0.63mi
3421 River Park Dr Louisville, KY	3.0	1.0	994	$1,250	$1.26	24d	1	0.64mi
3819 River Park Dr Louisville, KY	3.0	1.0	1108	$1,090	$0.98	21d	1	0.65mi
4018 Vermont Ave Unit 1 Louisville, KY	2.0	1.0	700	$699	$1.00	4d	1	0.67mi
115 N 46th St Unit 2 Louisville, KY	1.0	1.0	650	$750	$1.15	24d	1	0.68mi
3124 Vermont Ave Louisville, KY	1.0	1.0	650	$699	$1.08	24d	1	0.71mi
3124 Vermont Ave Unit 3124-1 Louisville, KY	1.0	1.0	650	$695	$1.07	24d	1	0.71mi
112 S 46th St Louisville, KY	3.0	1.0	902	$1,200	$1.33	24d	1	0.72mi
3120 Bank St Unit B Louisville, KY	2.0	1.0	750	$795	$1.06	24d	1	0.79mi
2717 Slevin St Louisville, KY	1.0	1.0	620	$725	$1.17	16d	1	0.82mi
521 N 33rd St Louisville, KY	1.0	1.0	650	$795	$1.22	24d	1	0.83mi
648 S 37th St #3 Louisville, KY	2.0	1.0	807	$850	$1.05	24d	1	0.84mi
509 N 31st St Louisville, KY	2.0	1.0	800	$725	$0.91	16d	1	0.85mi
509 N 31st St Louisville, KY	2.0	1.0	800	$795	$0.99	24d	1	0.85mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	24d	1	0.85mi
2718 W Jefferson St Louisville, KY	1.0	1.0	633	$699	$1.10	22d	1	0.87mi
2718 W Jefferson St Unit 2718-3 Louisville, KY	1.0	1.0	633	$699	$1.10	24d	1	0.87mi
691 Madelon Ct Louisville, KY	1.0	1.0	650	$675	$1.04	12d	1	0.91mi
666 Eastlawn Ave Louisville, KY	2.0	1.0	936	$895	$0.96	16d	1	0.93mi
2614 W Jefferson St Unit 2614-4 Louisville, KY	2.0	1.0	740	$795	$1.07	24d	1	0.93mi
2614 W Jefferson St Louisville, KY	1.0	1.0	633	$695	$1.10	21d	1	0.93mi
353 N 27th St Louisville, KY	2.0	1.0	1100	$1,100	$1.00	24d	1	0.94mi
2623 Cedar St Louisville, KY	3.0	1.0	1000	$1,000	$1.00	24d	1	0.95mi
522 N 29th St Louisville, KY	3.0	1.0	1031	$1,300	$1.26	4d	1	0.98mi

Listing history 16 events

1. 2026-06-18
   days on market $84,995 Active 34 DOM
2. 2026-06-17
   days on market $84,995 Active 33 DOM
3. 2026-06-16
   days on market $84,995 Active 32 DOM
4. 2026-06-15
   days on market $84,995 Active 31 DOM
5. 2026-06-13
   days on market $84,995 Active 29 DOM
6. 2026-06-10
   days on market $84,995 Active 26 DOM
7. 2026-06-09
   days on market $84,995 Active 25 DOM
8. 2026-06-08
   days on market $84,995 Active 24 DOM
9. 2026-06-07
   days on market $84,995 Active 23 DOM
10. 2026-06-03
    days on market $84,995 Active 19 DOM
11. 2026-06-02
    days on market $84,995 Active 18 DOM
12. 2026-06-01
    days on market $84,995 Active 17 DOM
13. 2026-05-31
    days on market $84,995 Active 16 DOM
14. 2026-05-15
    listed $84,995 Active
15. 2022-04-01
    soldstatus $451,000
16. 2018-08-01
    soldstatus $106,250

ⓘ 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: $889 · $74/mo
• Projected year-2 tax: $889 · $74/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 ≥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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,133
• − Mortgage interest: −$4,761
• − Property taxes: −$889
• − Insurance: −$425
• − Repairs & maintenance: −$971
• − Management: −$971
• − Depreciation: −$2,473
• Taxable income: $1,644
• Est. tax owed @ 24.0%: −$394
• After-tax cash flow: $2,527/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): 14,661
• Household income: $35,753
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 1148.0

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: Majority Black (60%)
• Race & ethnicity: Black 60% White 37% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Slovak 1% Lithuanian 1% Iranian 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: ▲ 29.02%
• Current HPI: 293.2624
• Rent YoY: ▲ 0.51%
• 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

-20.0% since first listed

3 events — show timeline

• 2026-05-15 Listed $84,995 Metro Search MLS
• 2022-04-01 Sold (Public Records) $451,000 Public Records
• 2018-08-01 Sold (Public Records) $106,250 Public Records

Property tax history

+8.7%/yr

Latest (2025): $889 · -1.9% YoY. Source: county tax records.