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21
Values down to $136K, 29 comps deep
Updated 5 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
The rental outlook for this property is quite bright. Based on local market trends, you can expect a monthly income between $1,068 and $1,230. This range offers a solid foundation for steady cash flow performance. With a promising yield of 9.19%, this investment is a strong contender for your portfolio. You can also look forward to an estimated annual appreciation of $4,369, further boosting the long-term value of this home.
More about this home
Neighborhood Assessment
3438 Glendale Ave sits in Louisville's 40215 Taylor Berry neighborhood, near I-264 and Churchill Downs. Walkability's decent for quick access to local spots, but schools like Mill Creek Elementary (rating 2/10) and Iroquois High (1/10) drag it down. Nearby comps sold ~$66K-$151K, averaging ~$110K for similar 2/1s around 700sqft. Recent renovations shine, but low area values cap big upside. It's stable, not booming. Price dropped to $150K after 84 days; comps suggest it's high at $208/sqft versus neighbors' lower sales. Heat risk is major, but flood/fire minimal—still, investors watch long-term climate shifts.
Market Activity
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Rental Income
$14K
Yield
9.2%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your price per square foot from roughly $157 to $168. This 7% increase helps your property stand out, potentially pushing your sale price toward the top of the local market. Upgrades offer a refreshing lifestyle boost while enhancing rental appeal and long-term equity. By modernizing your space, you unlock a higher potential for your investment, making your home a more attractive choice for future buyers and tenants.
Value Add
$8K
Appreciation
$4K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $120,000 and $132,000. These figures suggest a viable path for equity capture if renovation costs are managed effectively below the projected value ceiling. Projected monthly rents of $1,137 generate a strong 10.8% yield. This performance, combined with consistent market appreciation, makes the asset a reliable candidate for building long-term rental cash flow and wealth in this specific neighborhood.
Rental Income
$14K
Yield
10.8%
Appreciation
$4K
Year 1 Estimates, Post Typical Renovation
Estimated value
$150K
$14.1K over comp median
Comparative Market Analysis
$100K – $170K
~49 days to sell
Based on 8 comps
3438 Glendale Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip