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Rent estimate adjusts to $1,795
Updated 2 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
The property at 1304 Rufer Avenue shows strong rental potential within the Louisville market. Monthly income projections range from $1,350 to $1,711, offering a healthy estimated annual yield of approximately 8.48% for potential investors. Current market trends suggest this home is well-positioned for consistent performance. With an appreciation rate of nearly 1% annually, this asset offers a reliable balance of steady monthly cash flow and long-term value growth.
More about this home
Neighborhood Assessment
1304 Rufer Ave sits in Louisville's Tyler Park, a vibrant neighborhood with solid walkability and proximity to urban amenities. Nearby comps on Rufer Ave zestimate $187K-$323K for 1-3 bed homes, showing steady demand around $216K for this 1/1 built in 1900. Mixed schools nearby—Meyzeek Middle rates 9/10—but flood risk is extreme, you know, that's a big heads-up for insurance costs. It's got character from its age, on a 4K sqft lot, but no garage or cooling hurts appeal in KY summers. Comps suggest stable values, actually trending up per Zillow history.
Market Activity
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Rental Income
$18K
Yield
8.5%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modern updates bring fresh appeal, helping homes stand out to buyers. While price per square foot shifts slightly from $211 to $208, these renovations often enhance day-to-day comfort, creating a more inviting atmosphere for residents. Updating a 1900-era home adds modern convenience and broadens market appeal. While the financial return is modest, the lifestyle benefits and property distinction make this a smart move for long-term enjoyment and future resale confidence.
Comps
41
Buy-Rehab-Rent
This property presents a solid BRR opportunity with an after-repair value between $262,000 and $290,000. Leveraging this equity through renovations allows for a stable foundation, provided acquisition costs remain well below the lower valuation tier. Projected monthly rents of $1,732 generate a 7.5% yield, offering reliable cash flow. The market remains active, and upgrading this 1900-era home will maximize appeal, ensuring consistent tenant demand and long-term asset performance in this neighborhood.
Rental Income
$21K
Yield
7.5%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$217K
$19.9K below comp median
Comparative Market Analysis
$197K – $307K
~120 days to sell
Based on 8 comps
1304 Rufer Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip