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4
Values Hold at $172K, 21% Rent Yield
Updated 10 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with estimated monthly income ranging from $1,319 to $1,555. This aligns well with local market trends, offering a solid foundation for consistent cash flow in a stable neighborhood. With an impressive projected yield of 21.56 percent, this investment stands out as a high-performing opportunity. Leveraging these market-driven rent figures could maximize returns, making it a compelling choice for growing your real estate portfolio.
More about this home
Neighborhood Assessment
924 W Evelyn Ave sits in Louisville's Wyandotte neighborhood, a working-class area in ZIP 40215 with modest appeal. Walkability's okay for basics, but schools drag it down—Semple Elementary and middle rate 3/10, Iroquois High just 1/10. Nearby comps like 922 W Evelyn (2 beds, ~$157K Zest) and 926 W Evelyn (3 beds, ~$131K) show values clustering ~$130K-$160K, matching this 1,024 sqft, 2 bed/2 bath home's $162K Zestimate. No big developments popping up, but stable rental demand exists. Risks like moderate flood (4/10) and major heat (5/10) could bump insurance, yet low air/fire/wind issues help. Lenox subdivision feels established since 1910 builds.
Market Activity
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Rental Income
$17K
Yield
21.6%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Updating your home creates a significant competitive edge. Homes with modern finishes command $168 per square foot, a 26% boost over the standard $133. This upgrade effectively unlocks $35,750 in added value, elevating your market position. Refreshed interiors attract quality tenants and buyers alike, keeping rental potential strong at $1,421. With a potential sale value reaching $172,000, investing in modern touches is a smart way to refresh your property’s lifestyle appeal.
Value Add
$36K
Appreciation
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy. Renovation efforts can push the value to between $155,000 and $172,000, creating a significant equity uplift from the baseline market value by modernizing the 1910 structure. Projected rental income sits at $1,419 per month, supporting a healthy 10.4% yield. This property offers a stable path to cash flow, provided renovation costs are tightly controlled to maximize the spread against the final value.
Rental Income
$17K
Yield
10.4%
Appreciation
$5K
Year 1 Estimates, Post Typical Renovation
Estimated value
$80K
$98.8K below comp median
Comparative Market Analysis
$140K – $220K
~90 days to sell
Based on 8 comps
924 W Evelyn Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip