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28
Value holds at $120K, 8 sales deep
Updated 3 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $1,163 to $1,300. These figures, supported by recent market data, suggest a healthy demand for local housing within this neighborhood's competitive rental landscape. With an estimated annual yield of 9.53%, this investment offers a compelling return for landlords. Combining stable rental income with a projected market appreciation of $5,276 annually makes this a smart, long-term opportunity for investors.
More about this home
Neighborhood Assessment
Parkland neighborhood in Louisville's 40211 zip feels like a mixed bag, you know? You've got Foster Traditional Academy nearby with a solid 7/10 rating, but middle and high schools lag at 4 and 1. Nearby comps on Greenwood Ave sell low—50K recently, others zestimating 60-100K—showing affordable entry but limited premium rents. Walkability's okay for basics, though no big developments popping up in local news. Flood risk moderate, heat concerns rising, but that's neighborhood-wide. This 958 sqft, 3-bed/1-bath 1915 home shines post-renovation—new floors, kitchen, mechanicals—priced at $155K or $162/sqft. Comps suggest it's positioned high, but fresh updates make it turnkey for families or investors eyeing steady holds.
Market Activity
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Rental Income
$15K
Yield
9.5%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Modern updates significantly boost your home’s value, increasing price per square foot from $68 to $102. This nearly 49% jump shows that thoughtful renovations effectively capture buyer interest and elevate your property above the neighborhood average. Refreshed interiors create a vibrant lifestyle appeal, potentially pushing your sale price toward $106,000. With higher rental potential, these improvements offer a smart path to unlocking lasting value while making your home a standout local gem.
Value Add
$32K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a strong BRR foundation, with post-renovation values reaching up to $106,000. Renovations capitalize on a significant price-per-square-foot spread, creating immediate equity uplift and positioning the asset well within the competitive local market. Projected rental income of $1,380 monthly provides an attractive 16.4% yield. These solid cash flow metrics, paired with moderate appreciation potential, make this 3-bedroom home a practical acquisition for investors targeting long-term stability and growth.
Rental Income
$17K
Yield
16.4%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$155K
$35K over comp median
Comparative Market Analysis
$109K – $165K
~104 days to sell
Based on 8 comps
2639 Greenwood Ave, Louisville Investment Report: Flip & Rental Analysis · Frontflip