4114 Bank St · Louisville, KY 40212

$141,000

3 bd · 1.0 ba · 1,506 sqft · SingleFamily · 27 Days on market

Built 1935 3,920 sqft lot Est $133k · 6% over

---

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 +20.1/30.0
• Appreciation +10.0/10.0
• DSCR +6.4/10.0
• ARV discount +4.6/15.0
• 1% rule +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

This fully renovated 3BR/1BA single-family home offers 1,506 sq ft in West Park subdivision. Updates: new metal roof, modern HVAC, central cooling, fresh paint, new upstairs carpet. Open-concept layout with modern kitchen flowing to living/dining. Parking: garage & off-street. Located in Shawnee near Shawnee Park (basketball, playgrounds, spray pads, sports, pavilions). Close to downtown: Slugger Museum, KFC Yum! Center, riverfront trails. Local dining & transport nearby. Month-to-month tenant at $1,150/mo (tenant pays utilities). No HOA. Showings with notice. Section 8 Fair Market Rate: $1,625. Beats the 1% rule by bunches!

Key facts

• New metal roof
• Modern hvac
• Fresh paint

Tags

• NEW METAL ROOF
• MODERN HVAC
• CENTRAL COOLING
• FRESH PAINT
• NEW UPSTAIRS CARPET
• OPEN-CONCEPT LAYOUT

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Detached garage (1 car)
• Utilities: Natural gas fuel
• Home design: Single family residence; Cape Cod style; Two stories; Built in 1935
• Construction: Vinyl siding; Shingle roof; Crawl space foundation
• Exterior features: Partial chain-link fencing; Located in the WEST PARK subdivision

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Three bedrooms total (two on the first floor, one on the second)
• Bathrooms: One full bathroom on the first floor
• Interior features: Five total rooms; Living room on the first floor; No basement
• Laundry & utility: Laundry room on the first floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $141k.

Deal economics

• At list price, monthly cash flow is $174 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (6.9% below list).
• Recommended offer: $131k (6.9% below list) — sets the bar for 1% rule.
• Cap rate 7.8% 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; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).

Forward outlook

• In year one you build about $15k of equity ($975 loan paydown + $14k 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 $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($139k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $115k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — 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 $131,284 (6.9% below list)

Questions for the listing agent

1. Built in 1935 — 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: 0.93% ✗
• Cap rate: 7.78%
• Cash-on-cash: 5.30%
• DSCR: 1.24
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $132,528
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4210 Miami Ave	0.09mi	3/2.0	1,568 (+4%)	12mo	$208,000	$133	75
366 N 41st St	0.19mi	3/1.0	1,400 (-7%)	10mo	$175,200	$125	71
3931 Northwestern Pkwy	0.21mi	2/1.0 (-1)	1,373 (-9%)	5mo	$100,000	$73	66
431 N 44th St	0.25mi	2/1.0 (-1)	1,350 (-10%)	5mo	$109,994	$81	62
405 N 38th St	0.25mi	4/2.0 (+1)	1,616 (+7%)	7mo	$190,000	$118	62
121 N Shawnee Ter	0.48mi	4/1.0 (+1)	1,458 (-3%)	9mo	$80,000	$55	60
107 N 38th St	0.56mi	3/1.0	1,649 (+10%)	8mo	$145,000	$88	52
102 N 45th St	0.51mi	3/2.0	1,569 (+4%)	16mo	$210,000	$134	52
238 S 41st St	0.74mi	3/2.0	1,450 (-4%)	8mo	$119,900	$83	48
224 N 38th St	0.39mi	3/2.0	1,685 (+12%)	12mo	$75,000	$45	48
234 S 39th St	0.74mi	3/1.0	1,583 (+5%)	16mo	$80,000	$51	44
119 S Longworth Ave	0.66mi	3/1.5	1,329 (-12%)	14mo	$178,000	$134	36

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: 27.2%
• Equity multiple: 3.14×
• Total profit: $84,646
• Equity at exit: $127,024

10-year hold

• IRR: 23.2%
• Equity multiple: 6.94×
• Total profit: $234,561
• Equity at exit: $273,932

Cash invested: $39,480 (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: 9.0×

Monthly cashflow live

• Estimated rent: $1,313 high
• Mortgage (P&I): −$739
• Tax from tax record: −$65 /mo · $774/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $174

Break-even live

Break-even rent $1,092

Max offer price $141,000

Occupancy floor 82%

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: $35,250
• Closing costs: $4,230
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3901 Jewell Ave Louisville, KY	3.0	1.0	1069	$1,140	$1.07	20d	1	0.24mi
127 N 40th St Louisville, KY	3.0	2.0	1500	$1,570	$1.05	3d	1	0.40mi
106 N 40th St Louisville, KY	3.0	1.0	1325	$1,220	$0.92	3d	1	0.44mi
247 Cecil Ave Louisville, KY	3.0	2.0	1083	$1,305	$1.20	19d	1	0.70mi
4129 W Muhammad Ali Blvd Louisville, KY	4.0	2.0	1224	$1,500	$1.23	1d	1	0.92mi
807 E Main St New Albany, IN	3.0	2.0	1500	$1,650	$1.10	20d	1	1.06mi
3819 River Park Dr Louisville, KY	3.0	1.0	1108	$1,090	$0.98	20d	1	1.07mi
3922 River Park Dr Louisville, KY	2.0	2.0	1800	$1,195	$0.66	11d	1	1.09mi
2906 Montgomery St Unit B Louisville, KY	3.0	1.0	1152	$1,060	$0.92	23d	1	1.12mi
608 E Spring St Unit 2 New Albany, IN	2.0	2.0	1100	$1,195	$1.09	23d	1	1.15mi
608 E Spring St Unit 2 New Albany, IN	2.0	2.0	1100	$1,195	$1.09	3d	1	1.15mi
652 N 29th St Louisville, KY	3.0	1.0	1127	$1,350	$1.20	17d	1	1.17mi
627 S 38th St Louisville, KY	4.0	1.0	1300	$1,349	$1.04	16d	1	1.18mi
628 S 39th St Louisville, KY	3.0	1.0	1448	$1,220	$0.84	16d	1	1.19mi
353 N 27th St Louisville, KY	2.0	1.0	1100	$1,100	$1.00	23d	1	1.20mi
644 S 40th St Louisville, KY	2.0	1.0	1200	$1,500	$1.25	2d	1	1.26mi
1112 E Spring St Unit 1 New Albany, IN	2.0	2.0	1200	$1,440	$1.20	23d	1	1.29mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	23d	1	1.32mi
905 E Elm St New Albany, IN	1.0–2.0	1.0	937	$1,035	$1.10	23d	1	1.32mi
663 S 43rd St Louisville, KY	2.0	2.0	1736	$1,250	$0.72	23d	1	1.35mi
901 E Oak St New Albany, IN	3.0	1.0	1100	$1,350	$1.23	23d	1	1.38mi
2506 Montgomery St Louisville, KY	3.0	2.0	1081	$1,295	$1.20	3d	4	1.39mi
2529 W Main St #2 Louisville, KY	3.0	1.0	1404	$1,200	$0.85	23d	1	1.40mi
212 N 25th St Louisville, KY	3.0	1.0	1104	$895	$0.81	23d	1	1.43mi
2508 W Main St Louisville, KY	3.0	1.0	1327	$1,500	$1.13	23d	1	1.46mi

Listing history 26 events

1. 2026-06-18
   days on market $141,000 Active 27 DOM
2. 2026-06-17
   days on market $141,000 Active 26 DOM
3. 2026-06-16
   days on market $141,000 Active 25 DOM
4. 2026-06-15
   days on market $141,000 Active 24 DOM
5. 2026-06-13
   days on market $141,000 Active 22 DOM
6. 2026-06-10
   days on market $141,000 Active 19 DOM
7. 2026-06-09
   days on market $141,000 Active 18 DOM
8. 2026-06-08
   days on market $141,000 Active 17 DOM
9. 2026-06-07
   days on market $141,000 Active 16 DOM
10. 2026-06-03
    days on market $141,000 Active 12 DOM
11. 2026-06-02
    days on market $141,000 Active 11 DOM
12. 2026-06-01
    days on market $141,000 Active 10 DOM
13. 2026-05-31
    days on market $141,000 Active 9 DOM
14. 2026-05-22
    listed $141,000 Active
15. 2025-04-03
    price $149,900
16. 2025-04-03
    price $149,900
17. 2023-11-03
    soldstatus $114,999
18. 2022-04-04
    soldstatus $65,000
19. 2009-02-26
    historical
20. 2009-01-21
    historical
21. 2009-01-21
    listed $15,900
22. 2008-04-15
    listed $15,900
23. 2005-01-10
    soldstatus $79,000
24. 2004-02-05
    soldstatus $57,500
25. 1999-10-13
    soldstatus $41,000
26. 1999-08-20
    listed $46,900

ⓘ 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: $774 · $65/mo
• Projected year-2 tax: $1,213 · $101/mo
• Expected delta: +$439/yr (+$37/mo · 56.7%)

ⓘ 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 ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $15,754
• − Mortgage interest: −$7,898
• − Property taxes: −$774
• − Insurance: −$705
• − Repairs & maintenance: −$1,260
• − Management: −$1,260
• − Depreciation: −$4,102
• Taxable loss: −$246
• Est. tax savings @ 24.0%: +$59
• After-tax cash flow: $2,153/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

+200.6% since first listed

13 events — show timeline

• 2026-05-22 Listed $141,000 Metro Search MLS
• 2025-04-03 Price Changed $149,900 HKARMLS
• 2025-04-03 Price Changed $149,900 Metro Search MLS
• 2023-11-03 Sold (Public Records) $114,999 Public Records
• 2022-04-04 Sold (Public Records) $65,000 Public Records
• 2009-02-26 Listing Removed — Metro Search MLS
• 2009-01-21 Listed $15,900 Metro Search MLS
• 2009-01-21 Listing Removed — Metro Search MLS
• 2008-04-15 Listed $15,900 Metro Search MLS
• 2005-01-10 Sold (Public Records) $79,000 Public Records
• 2004-02-05 Sold (Public Records) $57,500 Public Records
• 1999-10-13 Sold (MLS) $41,000 Metro Search MLS
• 1999-08-20 Listed $46,900 Metro Search MLS

Property tax history

-1.9%/yr

Latest (2025): $774 · -1.9% YoY. Source: county tax records.