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Values dip to $160K, rent yields 11.6%
Updated today • 5 new comps
Your Investment Paths
Turnkey Rental
The rental market for this property is quite promising, with current market data suggesting a monthly income between $1,306 and $1,453. This range reflects a solid earning potential for a home of this size and type. With an estimated annual yield of 11.66%, this investment offers strong cash flow opportunities. The steady appreciation rate and current rental demand make this a compelling choice for investors looking to build long-term wealth.
More about this home
Neighborhood Assessment
This South Louisville neighborhood on Colorado Avenue shows modest stability with homes ranging from $80K to $186K. The area has solid school access—Cochran Elementary (4-star) and Noe Middle (8-star) are walkable—though Iroquois High rates poorly. Properties here are older (built 1929-1956), compact 1-3 bedroom units on similar 5K sqft lots. Comps suggest steady, predictable market with limited speculation.
Market Activity
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Rental Income
$17K
Yield
11.7%
Appreciation
$7K
Year 1 Estimates
Fix-and-Flip
Updating your home breathes new life into a classic 1929 build. Modern finishes create an inviting atmosphere, boosting your property’s appeal to today’s buyers and potentially increasing your home’s value up to $172,000 with smart improvements. While price per square foot fluctuates—averaging $115 compared to the $118 baseline—investing in quality updates enhances your lifestyle. With rent potential reaching $1,572, these improvements offer great long-term flexibility and pride of ownership for any homeowner.
Comps
13
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy. With an estimated post-renovation value reaching up to $172,000 and a competitive monthly rental income of $1,515, the asset supports a healthy 11.1% yield for investors. Market data confirms stable rental demand in this area. While flip margins appear tight, the long-term cash flow and strong yield metrics make this a practical target for building equity through a buy-and-hold approach.
Rental Income
$18K
Yield
11.1%
Appreciation
$8K
Year 1 Estimates, Post Typical Renovation
Estimated value
$142K
$37.1K below comp median
Comparative Market Analysis
$150K – $199K
~103 days to sell
Based on 8 comps
610 Colorado Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip