126 N 42nd St · Louisville, KY 40212

$130,000

3 bd · 1.5 ba · 1,136 sqft · SingleFamily · 89 Days on market

Built 1930 4,356 sqft lot Est $100k · 30% over

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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 +19.5/30.0
• Appreciation +10.0/10.0
• DSCR +6.2/10.0
• 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
• ARV discount +0.0/15.0

Listing remarks MLS

REDUCED! LARGER THAN IT LOOKS! 3 Bedroom, 1 Bath. Formal Dining Room, Eat-in Kitchen, Hardwood Floors. Basement and Covered Front Porch. Needs a little cosmetic TLC. A lot of house for the money. See it Today! Property Sold AS IS with no warranty expressed, written or implied. Buyer to verify all information including, but not limited to square footage, lot size, utilities, zoning and intended uses, etc.

Key facts

• First-floor bedroom
• Extra flex room
• Unfinished basement

Tags

• FIRST-FLOOR BEDROOM
• UNFINISHED BASEMENT
• EXTRA FLEX ROOM
• LARGE BACKYARD
• OFF-STREET PARKING

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Driveway
• Utilities: Electricity connected
• Home design: Single-family Cape Cod; Two stories; Built in 1930
• Construction: Vinyl siding; Shingle roof; Poured concrete foundation
• Exterior features: Chain link fencing; Sidewalk; Cleared lot

Interior

• Kitchen: Eat-in kitchen on the first floor
• Bedrooms: Three bedrooms total; One bedroom on the first floor; Two bedrooms on the second floor
• Bathrooms: One full bathroom (on the second floor); One half bathroom (in the basement)
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: One fireplace; Unfinished basement; Basement contains family room, laundry, half bathroom and additional room; Six total rooms, ten rooms listed in some sources; Five closets
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $147 ($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 $120k (7.4% below list).
• Recommended offer: $120k (7.4% below list) — sets the bar for 1% rule.
• Cap rate 7.6% 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 17d 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 40% 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 $14k of equity ($899 loan paydown + $13k 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 $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, 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 89 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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 1930 — 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 $120,352 (7.4% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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: 0.93% ✗
• Cap rate: 7.65%
• Cash-on-cash: 4.83%
• DSCR: 1.22
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $99,968
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
369 N 41st St	0.24mi	4/1.5 (+1)	1,100 (-3%)	2mo	$145,000	$132	77
356 N 43rd St	0.18mi	2/1.0 (-1)	1,200 (+6%)	1mo	$95,000	$79	74
125 N 46th St	0.25mi	2/1.0 (-1)	1,107 (-3%)	6mo	$95,000	$86	72
220 N 39th St	0.22mi	3/2.0	1,240 (+9%)	4mo	$145,000	$117	69
429 N 44th St	0.19mi	2/1.5 (-1)	1,268 (+12%)	1mo	$112,000	$88	66
210 N 35th St	0.51mi	3/1.0	1,119 (-2%)	7mo	$100,000	$89	66
127 N 39th St	0.26mi	2/1.0 (-1)	1,197 (+5%)	8mo	$80,000	$67	65
117 N 34th St	0.64mi	3/1.0	1,130 (-0%)	4mo	$34,000	$30	64
212 N 37th St	0.37mi	3/1.0	1,036 (-9%)	8mo	$121,000	$117	60
4109 Bank St	0.42mi	3/1.0	990 (-13%)	3mo	$157,325	$159	54
3924 Garfield Ave	0.23mi	2/1.0 (-1)	972 (-14%)	8mo	$57,500	$59	51
431 Amy Ave	0.60mi	2/1.0 (-1)	1,223 (+8%)	5mo	$80,000	$65	48

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: 26.9%
• Equity multiple: 3.12×
• Total profit: $77,158
• Equity at exit: $117,114

10-year hold

• IRR: 22.9%
• Equity multiple: 6.89×
• Total profit: $214,412
• Equity at exit: $252,561

Cash invested: $36,400 (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: $1,204 high
• Mortgage (P&I): −$682
• Tax from tax record: −$68 /mo · $819/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $147

Break-even live

Break-even rent $1,018

Max offer price $130,000

Occupancy floor 83%

Sensitivity live

Price	-10% $220	-5% $183	+0% $147	+5% $110	+10% $73
Rent	-10% $52	-5% $99	+0% $147	+5% $194	+10% $242
Rate	-1.0pp $212	-0.5pp $180	base $147	+0.5pp $113	+1.0pp $79

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
313 N 42nd St Louisville, KY	3.0	1.0	900	$1,250	$1.39	4d	1	0.09mi
106 N 40th St Louisville, KY	3.0	1.0	1325	$1,220	$0.92	4d	1	0.15mi
127 N 40th St Louisville, KY	3.0	2.0	1500	$1,570	$1.05	4d	1	0.16mi
127 Boston Ct Louisville, KY	2.0	1.0	725	$1,100	$1.52	24d	1	0.16mi
4143 W Market St Unit 2 Louisville, KY	2.0	1.0	700	$850	$1.21	24d	1	0.18mi
4141 W Market St Unit 1 Louisville, KY	2.0	1.0	771	$925	$1.20	3d	1	0.19mi
3910 Garfield Ave Louisville, KY	2.0	1.0	872	$1,035	$1.19	4d	1	0.24mi
3901 Jewell Ave Louisville, KY	3.0	1.0	1069	$1,140	$1.07	21d	1	0.25mi
112 S 46th St Louisville, KY	3.0	1.0	902	$1,200	$1.33	24d	1	0.33mi
110 Hansbrough Pl Unit 101 Louisville, KY	2.0	1.0	924	$1,080	$1.17	24d	1	0.33mi
247 Cecil Ave Louisville, KY	3.0	2.0	1083	$1,305	$1.20	19d	1	0.34mi
219 N 37th St Louisville, KY	2.0	1.0	700	$1,150	$1.64	24d	1	0.38mi
302 Cecil Ave Louisville, KY	2.0	1.0	984	$1,025	$1.04	16d	1	0.38mi
320 N 36th St Louisville, KY	3.0	1.0	830	$1,225	$1.48	16d	1	0.42mi
4129 W Muhammad Ali Blvd Louisville, KY	4.0	2.0	1224	$1,500	$1.23	2d	1	0.56mi
4018 Vermont Ave Unit 1 Louisville, KY	2.0	1.0	700	$699	$1.00	4d	1	0.65mi
3819 River Park Dr Louisville, KY	3.0	1.0	1108	$1,090	$0.98	21d	1	0.73mi
628 S 39th St Louisville, KY	3.0	1.0	1448	$1,220	$0.84	16d	1	0.84mi
627 S 38th St Louisville, KY	4.0	1.0	1300	$1,349	$1.04	16d	1	0.84mi
3421 River Park Dr Louisville, KY	3.0	1.0	994	$1,250	$1.26	24d	1	0.90mi
644 S 40th St Louisville, KY	2.0	1.0	1200	$1,500	$1.25	3d	1	0.90mi
4309 Elliott Ave Unit 1 Louisville, KY	2.0	1.0	750	$695	$0.93	24d	1	0.92mi
4309 Elliott Ave Unit 1 Louisville, KY	2.0	1.0	750	$650	$0.87	4d	1	0.92mi
2927 Rowan St Louisville, KY	3.0	1.0	1008	$1,205	$1.20	12d	1	0.94mi
648 S 37th St #3 Louisville, KY	2.0	1.0	807	$850	$1.05	24d	1	0.97mi
2925 Slevin St Louisville, KY	2.0	1.0	896	$775	$0.86	4d	1	0.99mi
652 S 37th St #9 Louisville, KY	3.0	1.0	1070	$1,095	$1.02	24d	1	0.99mi
3120 Bank St Unit B Louisville, KY	2.0	1.0	750	$795	$1.06	24d	1	1.02mi
509 N 31st St Louisville, KY	2.0	1.0	800	$795	$0.99	24d	1	1.10mi
509 N 31st St Louisville, KY	2.0	1.0	800	$725	$0.91	16d	1	1.10mi
714 S 40th St #2 Louisville, KY	3.0	1.0	1000	$1,250	$1.25	24d	1	1.14mi
715 S 41st St Unit 1 Louisville, KY	4.0	1.0	1000	$1,295	$1.29	11d	1	1.14mi
729 S 39th St Unit 1 Louisville, KY	2.0	1.0	800	$800	$1.00	24d	1	1.18mi
714 S 42nd St Louisville, KY	3.0	1.0	1078	$1,150	$1.07	16d	1	1.18mi
666 Eastlawn Ave Louisville, KY	2.0	1.0	936	$895	$0.96	16d	1	1.21mi
803 Cecil Ave Louisville, KY	4.0	1.0	1165	$1,449	$1.24	11d	1	1.25mi
522 N 29th St Louisville, KY	3.0	1.0	1031	$1,300	$1.26	4d	1	1.26mi
353 N 27th St Louisville, KY	2.0	1.0	1100	$1,100	$1.00	24d	1	1.29mi
823 S 38th St Louisville, KY	3.0	1.0	1100	$1,195	$1.09	4d	1	1.31mi
833 S 41st St Louisville, KY	3.0	2.0	786	$1,250	$1.59	24d	1	1.31mi

Listing history 29 events

1. 2026-06-18
   days on market $130,000 Active 89 DOM
2. 2026-06-17
   days on market $130,000 Active 88 DOM
3. 2026-06-16
   days on market $130,000 Active 87 DOM
4. 2026-06-15
   days on market $130,000 Active 86 DOM
5. 2026-06-13
   days on market $130,000 Active 84 DOM
6. 2026-06-10
   days on market $130,000 Active 81 DOM
7. 2026-06-09
   days on market $130,000 Active 80 DOM
8. 2026-06-08
   days on market $130,000 Active 79 DOM
9. 2026-06-07
   days on market $130,000 Active 78 DOM
10. 2026-06-03
    days on market $130,000 Active 74 DOM
11. 2026-06-02
    days on market $130,000 Active 73 DOM
12. 2026-06-01
    days on market $130,000 Active 72 DOM
13. 2026-05-31
    days on market $130,000 Active 71 DOM
14. 2025-12-11
    listed $130,000 Active
15. 2023-10-31
    soldstatus $117,500
16. 2023-04-11
    soldstatus $65,000
17. 2022-05-10
    historical
18. 2022-02-18
    listed $120,000 Active
19. 2018-03-22
    soldstatus $23,000
20. 2015-09-22
    soldstatus $23,000
21. 2015-09-15
    soldstatus $23,000 Closed 416-char remark

    Show marketing remark (416 chars)

    REDUCED! LARGER THAN IT LOOKS! 3 Bedroom, 1 Bath. Formal Dining Room, Eat-in Kitchen, Hardwood Floors. Basement and Covered Front Porch. Needs a little cosmetic TLC. A lot of house for the money. See it Today! Property Sold AS IS with no warranty expressed, written or implied. Buyer to verify all information including, but not limited to square footage, lot size, utilities, zoning and intended uses, etc.

22. 2015-09-08
    status Pending 416-char remark

    Show marketing remark (416 chars)

    REDUCED! LARGER THAN IT LOOKS! 3 Bedroom, 1 Bath. Formal Dining Room, Eat-in Kitchen, Hardwood Floors. Basement and Covered Front Porch. Needs a little cosmetic TLC. A lot of house for the money. See it Today! Property Sold AS IS with no warranty expressed, written or implied. Buyer to verify all information including, but not limited to square footage, lot size, utilities, zoning and intended uses, etc.

23. 2015-04-02
    listed $31,999 Active 416-char remark

    Show marketing remark (416 chars)

    REDUCED! LARGER THAN IT LOOKS! 3 Bedroom, 1 Bath. Formal Dining Room, Eat-in Kitchen, Hardwood Floors. Basement and Covered Front Porch. Needs a little cosmetic TLC. A lot of house for the money. See it Today! Property Sold AS IS with no warranty expressed, written or implied. Buyer to verify all information including, but not limited to square footage, lot size, utilities, zoning and intended uses, etc.

24. 2015-02-24
    price $25,900 416-char remark

    Show marketing remark (416 chars)

    REDUCED! LARGER THAN IT LOOKS! 3 Bedroom, 1 Bath. Formal Dining Room, Eat-in Kitchen, Hardwood Floors. Basement and Covered Front Porch. Needs a little cosmetic TLC. A lot of house for the money. See it Today! Property Sold AS IS with no warranty expressed, written or implied. Buyer to verify all information including, but not limited to square footage, lot size, utilities, zoning and intended uses, etc.

25. 2015-02-24
    price $29,999 416-char remark

    Show marketing remark (416 chars)

    REDUCED! LARGER THAN IT LOOKS! 3 Bedroom, 1 Bath. Formal Dining Room, Eat-in Kitchen, Hardwood Floors. Basement and Covered Front Porch. Needs a little cosmetic TLC. A lot of house for the money. See it Today! Property Sold AS IS with no warranty expressed, written or implied. Buyer to verify all information including, but not limited to square footage, lot size, utilities, zoning and intended uses, etc.

26. 2014-12-26
    historical
27. 2014-06-26
    listed $34,900
28. 2010-06-25
    historical
29. 2009-11-11
    listed $39,900

ⓘ 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: $819 · $68/mo
• Projected year-2 tax: $1,118 · $93/mo
• Expected delta: +$299/yr (+$25/mo · 36.5%)

ⓘ 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: $14,442
• − Mortgage interest: −$7,282
• − Property taxes: −$819
• − Insurance: −$650
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$3,782
• Taxable loss: −$401
• Est. tax savings @ 24.0%: +$96
• After-tax cash flow: $1,856/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

+225.8% since first listed

16 events — show timeline

• 2025-12-11 Listed $130,000 Metro Search MLS
• 2023-10-31 Sold (Public Records) $117,500 Public Records
• 2023-04-11 Sold (Public Records) $65,000 Public Records
• 2022-05-10 Listing Removed — Metro Search MLS
• 2022-02-18 Listed $120,000 Metro Search MLS
• 2018-03-22 Sold (Public Records) $23,000 Public Records
• 2015-09-22 Sold (Public Records) $23,000 Public Records
• 2015-09-15 Sold (MLS) $23,000 Metro Search MLS
• 2015-09-08 Pending — Metro Search MLS
• 2015-04-02 Listed $31,999 Metro Search MLS
• 2015-02-24 Price Changed $29,999 Metro Search MLS
• 2015-02-24 Price Changed $25,900 Metro Search MLS
• 2014-12-26 Listing Removed — Metro Search MLS
• 2014-06-26 Listed $34,900 Metro Search MLS
• 2010-06-25 Listing Removed — Metro Search MLS
• 2009-11-11 Listed $39,900 Metro Search MLS

Property tax history

+3.6%/yr

Latest (2025): $819 · -1.9% YoY. Source: county tax records.