3316 Algonquin Pkwy · Louisville, KY 40211

$118,000

2 bd · 1.0 ba · 1,862 sqft · SingleFamily · 17 Days on market

Built 1942 5,201 sqft lot Est $168k · 30% under

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Why this score? — see what drove the C+ 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 +22.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.4/10.0
• 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 MLS

3316 Algonquin Parkway is a 2 bedroom, 1 bathroom home with hardwood floors, Large non conforming room upstairs that could be used as a bedroom and an updated bathroom. Nice walk up, full basement and large two car detached garage. Perfect starter home or as an investment property. Convenient location close to expressways, U of L and Park Duvalle . Hurry to see 3316 Algonquin Parkway before it's too late!

Key facts

• Dining room
• 5,201 sq ft lot
• 2 garage spots

Tags

• ORIGINAL HARDWOOD FLOORING
• FINISHED ROOM IN BASEMENT
• DINING ROOM

Property features AI

Finance

• Other: Located on the south side of Algonquin Parkway just west of Bells Lane/Wilson Rd.
• HOA & community: No association fee

Exterior

• Parking: Detached garage (2 car); Driveway parking
• Utilities: Electricity connected
• Home design: Traditional single-family home; 2 stories; Built in 1942
• Construction: Brick construction; Shingle roof; Poured concrete foundation; About 1,062 above-grade finished; roughly 400 below-grade finished
• Exterior features: Full chain-link fence; Lot approximately 0.12 acres

Interior

• Kitchen: Kitchen on the first floor; Dining area adjacent to the kitchen
• Bedrooms: 2 bedrooms total; Primary bedroom on the first floor; One first-floor bedroom (other bedroom implied on first floor)
• Bathrooms: 1 full bathroom; Primary bathroom on the first floor
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Partially finished basement with outside entry; 7 rooms total; 2 closets; Bonus room on the second floor; Dining room; Living room; Family room
• 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 $118k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $116k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% 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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $1,227/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 $816 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 17 days — a 2% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 8 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 $100k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1942 — 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 $116,230 (1.5% below list)

Questions for the listing agent

1. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.04% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.12%
• DSCR: 1.32
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $167,580
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1811 Beech St	0.36mi	3/2.0 (+1)	1,872 (+0%)	2mo	$168,000	$90	72
3105 Wilson Ave	0.14mi	3/1.5 (+1)	1,762 (-5%)	16mo	$198,000	$112	64
1852 Cypress St	0.58mi	3/2.5 (+1)	1,900 (+2%)	10mo	$138,000	$73	50
2710 Allston Ave	0.48mi	3/1.5 (+1)	1,700 (-9%)	10mo	$150,000	$88	48
1824 Cypress St	0.60mi	3/1.5 (+1)	2,000 (+7%)	10mo	$179,000	$90	44
2709 Conestoga Ave	0.55mi	3/1.0 (+1)	1,976 (+6%)	20mo	$159,523	$81	43
1623 Cypress St	0.72mi	3/2.0 (+1)	1,856 (-0%)	19mo	$190,000	$102	41
1807 Mae Street Kidd Ct	0.50mi	3/3.0 (+1)	2,091 (+12%)	16mo	$183,645	$88	30
3722 Chauncey Ave	0.62mi	3/2.0 (+1)	1,638 (-12%)	19mo	$207,500	$127	26
3876 Darlene Dr	0.73mi	3/2.0 (+1)	1,618 (-13%)	21mo	$225,000	$139	18

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: -3.4%
• Equity multiple: 0.87×
• Total profit: $-4,285
• Equity at exit: $17,594

10-year hold

• IRR: 8.2%
• Equity multiple: 1.68×
• Total profit: $22,348
• Equity at exit: $10,202

Cash invested: $33,040 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,227 high
• Mortgage (P&I): −$619
• Tax from tax record: −$105 /mo · $1,260/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $196

Break-even live

Break-even rent $978

Max offer price $118,000

Occupancy floor 79%

Sensitivity live

Price	-10% $263	-5% $230	+0% $196	+5% $163	+10% $129
Rent	-10% $99	-5% $148	+0% $196	+5% $245	+10% $293
Rate	-1.0pp $256	-0.5pp $226	base $196	+0.5pp $166	+1.0pp $134

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1618 S 30th St Louisville, KY	3.0	1.0	1896	$1,235	$0.65	16d	1	0.42mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	24d	1	1.18mi
1115 S 32nd St Louisville, KY	3.0	1.0	1393	$1,275	$0.92	22d	1	1.18mi
3514 Grand Ave Louisville, KY	3.0	1.5	1450	$1,295	$0.89	22d	1	1.22mi
1774 Bolling Ave Louisville, KY	3.0	2.0	1611	$1,300	$0.81	11d	1	1.28mi
2912 Greenwood Ave Louisville, KY	3.0	2.0	1362	$1,150	$0.84	16d	1	1.35mi
2825 Greenwood Ave #4 Louisville, KY	3.0	1.0	1440	$1,250	$0.87	24d	1	1.40mi
2825 Greenwood Ave #2 Louisville, KY	2.0	1.0	1300	$995	$0.77	24d	1	1.40mi

Listing history 13 events

1. 2026-06-18
   days on market $118,000 Active 17 DOM
2. 2026-06-17
   days on market $118,000 Active 16 DOM
3. 2026-06-16
   days on market $118,000 Active 15 DOM
4. 2026-06-15
   days on market $118,000 Active 14 DOM
5. 2026-06-13
   days on market $118,000 Active 12 DOM
6. 2026-06-10
   pricestatusdays on market $118,000 Active 9 DOM
7. 2026-06-09
   days on market $128,000 Active Under Contract 8 DOM
8. 2026-06-08
   days on market $128,000 Active Under Contract 7 DOM
9. 2026-06-07
   days on market $128,000 Active Under Contract 6 DOM
10. 2026-06-03
    days on market $128,000 Active Under Contract 2 DOM
11. 2026-06-02
    pricestatus $128,000 Active Under Contract 1 DOM
12. 2026-06-02
    remarks 689-char remark
13. 2026-06-02
    listed $118,000 Active 1 DOM

ⓘ 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: $1,260 · $105/mo
• Projected year-2 tax: $1,260 · $105/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 (unshaded) · 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,721
• − Mortgage interest: −$6,610
• − Property taxes: −$1,260
• − Insurance: −$590
• − Repairs & maintenance: −$1,178
• − Management: −$1,178
• − Depreciation: −$3,433
• Taxable income: $473
• Est. tax owed @ 24.0%: −$113
• After-tax cash flow: $2,240/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

+59.5% since first listed

19 events — show timeline

• 2026-06-01 Listed $118,000 Metro Search MLS
• 2022-01-11 Sold (Public Records) $100,000 Public Records
• 2021-12-23 Sold (MLS) $100,000 Metro Search MLS
• 2021-11-18 Contingent — Metro Search MLS
• 2021-10-03 Relisted — Metro Search MLS
• 2021-09-27 Contingent — Metro Search MLS
• 2021-07-26 Price Changed $100,000 Metro Search MLS
• 2021-07-26 Listed $100,000 Metro Search MLS
• 2012-06-28 Sold (Public Records) $47,000 Public Records
• 2012-06-27 Sold (MLS) $47,000 Metro Search MLS
• 2012-04-10 Listed $50,900 Metro Search MLS
• 2011-10-01 Listing Removed — Metro Search MLS
• 2011-04-01 Listed $49,900 Metro Search MLS
• 2009-04-08 Listing Removed — Metro Search MLS
• 2008-10-08 Listed $75,000 Metro Search MLS
• 2008-10-02 Listing Removed — Metro Search MLS
• 2008-03-11 Listed $80,000 Metro Search MLS
• 2007-09-04 Listing Removed — Metro Search MLS
• 2007-06-04 Listed $74,000 Metro Search MLS

Property tax history

+6.6%/yr

Latest (2025): $1,260 · -1.9% YoY. Source: county tax records.