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13
Values up 3.8%, Rent to $1,565
Updated 8 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows great potential for rental income, with market data suggesting monthly returns between $1,488 and $1,687. These figures reflect current demand for similar three-bedroom homes in the Louisville area, providing a steady outlook. Investors can expect an attractive yield of 12.7 percent, making this a compelling asset. With consistent market appreciation adding roughly $4,369 annually, this property stands out as a solid choice for long-term rental growth.
More about this home
Neighborhood Assessment
1032 Queen Ave sits in Louisville's 40215 zip, near Churchill Downs—a real draw for racing fans and steady foot traffic. You've got Jacobs Elementary (0.5 miles, rating 2/10) and Iroquois High (1.3 miles, 1/10), so schools are rough, you know? Comp homes sell 100K-130K, this 3-bed/2-bath at $150K listed by owner after a $82K sale last year. Neighborhood feels affordable, working-class with low risks from flood/fire, but heat/wind minor concerns.
Market Activity
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Rental Income
$19K
Yield
12.7%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Updating this home offers a clear path to increasing property value. Refreshed spaces climb to roughly $163 per square foot compared to the neighborhood average of $128, representing a healthy 27 percent boost in value. Modern touches create a vibrant, move-in-ready appeal that stands out to buyers. With a solid potential sale price up to $215,000 and consistent rental appeal, these upgrades unlock lasting equity and a stylish, contemporary lifestyle.
Value Add
$42K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $195,000 and $215,000. Upgrading the home significantly boosts the price per square foot, creating a clear pathway to immediate equity gain through strategic renovations. Projected rental income hits a healthy $1,472 monthly, generating an 8.6% yield. With consistent market demand and reliable appreciation metrics, this asset serves as a practical, income-generating addition to any well-balanced real estate investment portfolio.
Rental Income
$18K
Yield
8.6%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$150K
$21.5K below comp median
Comparative Market Analysis
$120K – $220K
~60 days to sell
Based on 8 comps
1032 Queen Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip