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11
Value $133K, Rent Up to $1,210
Updated 5 days ago • 9 new comps
Your Investment Paths
Turnkey Rental
This property at 1508 Alma Ave shows solid potential for rental income. Based on current market trends for similar homes, you can expect a monthly rental range between $1,136 and $1,232, offering a steady cash flow. With consistent local demand, this investment remains a stable choice for your portfolio. The current market data points to a reliable rental yield, positioning this home as a dependable asset for generating long-term passive income.
More about this home
Neighborhood Assessment
The Hazelwood neighborhood in Louisville offers modest rental demand with comparable properties renting around $970/month. Nearby comps show prices ranging from $100K-$155K for similar vintage homes (1950s-era). The area has accessible elementary schools nearby (0.2 miles), though the high school rating is weak. Property tax burden is reasonable at approximately $651 annually.
Market Activity
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Rental Income
$14K
Yield
1420800.0%
Year 1 Estimates
Fix-and-Flip
Updating this home offers a fantastic chance to elevate its appeal and lifestyle quality. With a price per square foot rising from 187 to 189, buyers are noticing the difference. This translates to a modest but steady gain. This refresh makes your property shine in a crowded market. It boosts rent potential up to 1264 and nudges the sell range to 143,000. It is a smart, practical way to create a more inviting, modern living space.
Value Add
$955
Appreciation
$4K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $129,000 and $143,000. These figures provide a stable foundation for equity growth, provided acquisition and rehabilitation costs are managed effectively to secure that value uplift. Projected rental income of $1,210 per month translates to a healthy 10.7% yield. This strong cash flow performance makes the asset an attractive candidate for investors seeking consistent returns within this specific submarket price range.
Rental Income
$15K
Yield
10.7%
Appreciation
$4K
Year 1 Estimates, Post Typical Renovation
Estimated value
$1
$133K below comp median
Comparative Market Analysis
$102K – $167K
~62 days to sell
Based on 8 comps
1508 Alma Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip