3034 Wyandotte Ave · Louisville, KY 40210

$70,000

2 bd · 1.0 ba · 712 sqft · SingleFamily · 72 Days on market

Built 1951 5,227 sqft lot Est $107k · 34% under

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Why this score? — see what drove the A 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 +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.7/10.0
• Rent growth +4.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

Key facts

• Expansive backyard
• Cul-de-sac
• 5,227 sq ft lot

Tags

• CUL-DE-SAC
• EXPANSIVE BACKYARD
• PUBLIC TRANSIT ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.5% 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 fast (+8.1%/yr); 91 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 35% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $7k of equity ($484 loan paydown + $7k 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 + 8.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 27y 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 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.47% ✓
• Cap rate: 12.49%
• Cash-on-cash: 22.13%
• DSCR: 1.98
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $106,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3020 Penway Ave	0.14mi	2/1.0	700 (-2%)	10mo	$47,750	$68	82
1936 S 28th St	0.28mi	2/1.0	708 (-1%)	8mo	$94,000	$133	79
2601 Dixdale Ave	0.42mi	2/1.0	700 (-2%)	2mo	$106,000	$151	76
3505 Hudson Ave	0.43mi	2/1.0	728 (+2%)	1mo	$92,000	$126	75
2606 Dixdale Ave	0.40mi	2/1.0	700 (-2%)	6mo	$134,900	$193	73
2811 Narragansett Dr	0.24mi	2/1.0	771 (+8%)	5mo	$115,500	$150	71
2809 Wyandotte Ave	0.24mi	2/1.0	750 (+5%)	12mo	$80,000	$107	70
2611 Narragansett Dr	0.38mi	2/1.0	754 (+6%)	4mo	$152,900	$203	69
3515 Bells Ln	0.50mi	2/1.0	700 (-2%)	7mo	$143,000	$204	68
3100 Southern Ave	0.46mi	2/1.0	816 (+15%)	9mo	$78,000	$96	47
2505 Bolling Ave	0.71mi	2/1.0	624 (-12%)	6mo	$65,000	$104	42
2117 Dixdale Ave	0.62mi	2/1.0	815 (+14%)	12mo	$130,000	$160	37

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 43.6%
• Equity multiple: 4.40×
• Total profit: $66,602
• Equity at exit: $63,062

10-year hold

• IRR: 39.6%
• Equity multiple: 10.77×
• Total profit: $191,535
• Equity at exit: $135,995

Cash invested: $19,600 (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 40210

• Home prices YoY: 12.1%
• Rents YoY: 8.1%
• Active inventory: 91
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,032 high
• Mortgage (P&I): −$367
• Tax from tax record: −$58 /mo · $693/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$217
• Net cashflow: $362

Break-even live

Break-even rent $575

Max offer price $70,000

Occupancy floor 60%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3019 Penway Ave Louisville, KY	2.0	1.0	700	$960	$1.37	12d	1	0.10mi
3004 Wyandotte Ave Louisville, KY	2.0	1.0	700	$1,200	$1.71	16d	1	0.12mi
3005 Linwood Ave Louisville, KY	2.0	1.0	700	$1,025	$1.46	16d	1	0.17mi
1927 S 28th St Louisville, KY	2.0	1.0	700	$1,200	$1.71	23d	1	0.28mi
1443 S 32nd St Unit 2 Louisville, KY	1.0	1.0	550	$780	$1.42	23d	1	0.50mi
1804 Russell Lee Dr Louisville, KY	1.0–3.0	1.0–1.5	810	$1,124	$1.39	1d	1	0.59mi
1836 Algonquin Pkwy Unit 1 Louisville, KY	1.0	1.0	650	$650	$1.00	14d	1	0.75mi
1836 Algonquin Pkwy Unit 2 Louisville, KY	1.0	1.0	600	$650	$1.08	23d	1	0.75mi
2016 S 40th St Louisville, KY	2.0	1.0	700	$980	$1.40	16d	1	0.80mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	600	$725	$1.21	23d	1	0.83mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	550	$650	$1.18	3d	1	0.83mi
1349 Olive St Unit 3 Louisville, KY	1.0	1.0	600	$695	$1.16	3d	1	0.83mi
2807 Dumesnil St Unit 101 Louisville, KY	1.0	1.0	750	$950	$1.27	23d	1	0.91mi
1768 W Hill St Louisville, KY	2.0	1.0	675	$925	$1.37	23d	1	1.09mi
1333 S 22nd St Louisville, KY	2.0	1.0	744	$1,200	$1.61	23d	1	1.15mi
1710 Saint Louis Ave Louisville, KY	2.0	1.0	720	$1,000	$1.39	3d	1	1.30mi
1606 Algonquin Pkwy Unit 22 Louisville, KY	2.0	1.0	626	$750	$1.20	23d	1	1.35mi
3515 W Kentucky St Unit 3515-12 Louisville, KY	1.0	1.0	700	$695	$0.99	23d	1	1.40mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	3d	1	1.45mi
1724 W Ormsby Ave #4 Louisville, KY	1.0	1.0	520	$750	$1.44	3d	1	1.48mi
2513 Date St Unit 2 Louisville, KY	1.0	1.0	700	$745	$1.06	3d	1	1.49mi

Listing history 28 events

1. 2026-04-15
   status Pending
2. 2026-02-02
   listed $70,000 Active
3. 2025-02-04
   soldstatus $70,000
4. 2025-02-03
   status Pending 510-char remark

   Show marketing remark (510 chars)

   Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

5. 2025-01-17
   historical Active Under Contract 510-char remark

   Show marketing remark (510 chars)

   Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

6. 2025-01-17
   soldstatus $70,000 Closed 510-char remark

   Show marketing remark (510 chars)

   Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

7. 2025-01-08
   status Active 510-char remark

   Show marketing remark (510 chars)

   Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

8. 2024-12-06
   status Pending 510-char remark

   Show marketing remark (510 chars)

   Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

9. 2024-11-27
   status Active 510-char remark

   Show marketing remark (510 chars)

   Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

10. 2024-11-24
    status Pending 510-char remark

    Show marketing remark (510 chars)

    Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

11. 2024-11-24
    listed $75,000 Active 510-char remark

    Show marketing remark (510 chars)

    Beautiful home, located in a cul-de-sac. Perfect for a starter home or add to your rental portfolio. Ample yard space in the back if you wanted to expand and add add'l living space. Nice yard space, and close to bus line, You could qualify for up to $50,000 in funding through the REVERT program. Use these funds to enhance the exterior, elevate the interior, or add those personal touches to make it truly yours. Don't miss this incredible opportunity to own a home that's move-in ready and full of potential!

12. 2024-11-10
    historical
13. 2024-11-07
    price $78,500
14. 2024-11-02
    price $80,000
15. 2024-11-01
    status Active
16. 2024-10-23
    historical
17. 2024-10-22
    price $82,000
18. 2024-10-21
    price $84,900
19. 2024-10-16
    listed $89,900 Active
20. 2021-07-02
    soldstatus $55,000
21. 2021-07-01
    soldstatus $55,000 Closed
22. 2021-05-23
    status Pending
23. 2021-05-13
    listed $59,000 Active
24. 2017-05-08
    soldstatus $775,000
25. 2007-06-01
    historical
26. 2006-05-31
    listed $49,000
27. 2001-10-26
    historical
28. 1999-10-14
    listed $43,900

ⓘ 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: $693 · $58/mo
• Projected year-2 tax: $693 · $58/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥104°F today · 18 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,388
• − Mortgage interest: −$3,921
• − Property taxes: −$693
• − Insurance: −$350
• − Repairs & maintenance: −$991
• − Management: −$991
• − Depreciation: −$2,036
• Taxable income: $3,405
• Est. tax owed @ 24.0%: −$817
• After-tax cash flow: $3,521/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): 13,518
• Household income: $35,347
• Rent vs Own: 56.0% rent · 44.0% own
• Severe rent burden: 815.0

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 (84%)
• Race & ethnicity: Black 84% White 8% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3%

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: ▲ 28.45%
• Current HPI: 264.0146
• Rent YoY: ▲ 8.05%
• 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

+59.5% since first listed

28 events — show timeline

• 2026-04-15 Pending — Metro Search MLS
• 2026-02-02 Listed $70,000 Metro Search MLS
• 2025-02-04 Sold (Public Records) $70,000 Public Records
• 2025-02-03 Pending — Metro Search MLS
• 2025-01-17 Contingent — Metro Search MLS
• 2025-01-17 Sold (MLS) $70,000 Metro Search MLS
• 2025-01-08 Relisted — Metro Search MLS
• 2024-12-06 Pending — Metro Search MLS
• 2024-11-27 Relisted — Metro Search MLS
• 2024-11-24 Pending — Metro Search MLS
• 2024-11-24 Listed $75,000 Metro Search MLS
• 2024-11-10 Listing Removed — Metro Search MLS
• 2024-11-07 Price Changed $78,500 Metro Search MLS
• 2024-11-02 Price Changed $80,000 Metro Search MLS
• 2024-11-01 Relisted — Metro Search MLS
• 2024-10-23 Listing Removed — Metro Search MLS
• 2024-10-22 Price Changed $82,000 Metro Search MLS
• 2024-10-21 Price Changed $84,900 Metro Search MLS
• 2024-10-16 Listed $89,900 Metro Search MLS
• 2021-07-02 Sold (Public Records) $55,000 Public Records
• 2021-07-01 Sold (MLS) $55,000 Metro Search MLS
• 2021-05-23 Pending — Metro Search MLS
• 2021-05-13 Listed $59,000 Metro Search MLS
• 2017-05-08 Sold (Public Records) $775,000 Public Records
• 2007-06-01 Listing Removed — Metro Search MLS
• 2006-05-31 Listed $49,000 Metro Search MLS
• 2001-10-26 Listing Removed — Metro Search MLS
• 1999-10-14 Listed $43,900 Metro Search MLS

Property tax history

+8.8%/yr

Latest (2025): $693 · -1.9% YoY. Source: county tax records.