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19
Values hit $182K, 41 comps analyzed
Updated 10 days ago • 13 new comps
Your Investment Paths
Turnkey Rental
The rental outlook for this Louisville home is quite promising. Market data suggests you can expect a monthly income between $1,373 and $1,457. This steady cash flow, combined with a strong 17.15% yield, highlights excellent potential. With an estimated annual appreciation of $16,614, this property is a solid long-term play. The local rental market remains active, making this an attractive option for investors looking to balance consistent income with steady growth.
More about this home
Neighborhood Assessment
Highland Park in Louisville's 40209 zip sits in a stable, working-class neighborhood near Churchill Downs—you know, horse racing country. Walkability's decent with nearby essentials, though schools like Semple Elementary (3/10) and Iroquois High (1/10) drag it down. Comps on Southern Heights Ave show zestimates from $93K-$176K for similar 1-3 bed homes, averaging ~$130K. This 3-bed/1-bath at 1,312 sqft lists at $99K auction reserve—solid value in a no-flood-risk area with low climate concerns. Beechmont area's seeing steady demand; recent sales like 212 E Southern Heights hit strong numbers. Lot's generous at 6K sqft with detached garage—room to add value without big risks.
Market Activity
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Rental Income
$17K
Yield
17.2%
Appreciation
$17K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, increasing price per square foot from $144 to $158. This represents a 9.6% gain, positioning your property to reach a higher potential sale range of $199,000 to $220,000. Refreshing your space creates a compelling lifestyle appeal, making it stand out to buyers. With a strong potential for appreciation and steady rental interest, these improvements effectively unlock hidden equity while enhancing your daily living experience.
Value Add
$18K
Appreciation
$35K
Post Typical Renovation
Buy-Rehab-Rent
This 1920 property offers a solid BRR opportunity with an after-repair value between $199,000 and $220,000. Targeted renovations effectively lift value, positioning the home competitively against local comps that average $207,760 in recent sales performance. Monthly rental income is projected at $1,456, generating a stable 8.3% yield. This reliable cash flow, combined with significant market appreciation potential, makes this single-family home a practical addition to a value-add investment portfolio.
Rental Income
$17K
Yield
8.3%
Appreciation
$35K
Year 1 Estimates, Post Typical Renovation
Estimated value
$99K
$83.5K below comp median
Comparative Market Analysis
$149K – $220K
~66 days to sell
Based on 8 comps
222 E Southern Heights Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip