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545 Rawlings St, Louisville Investment Report: Flip & Rental Analysis · Frontflip
Values up to $178K, Rent hits $1,466
Updated 8 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with estimated monthly income ranging between $1,173 and $1,410. This range reflects current local market activity and provides a solid foundation for steady cash flow for a rental investor. With an attractive estimated yield of 8.58% and a steady annual appreciation rate of 3.42%, this single-family home is a compelling opportunity. These figures suggest that the property remains a highly viable long-term income asset.
More about this home
Neighborhood Assessment
545 Rawlings St sits in Louisville's Merriwether neighborhood, zip 40217—a working-class area with steady comps around 160K-250K for similar 2-bed homes. Walkability's decent near local spots, but schools rate low (elementary 2/10, high 1/10), capping family appeal. Nearby homes like 539 Rawlings at 247K (1.4K sqft) and 549 at 163K (850 sqft) show stable values, you know, nothing explosive but consistent rents around 1.3K/month. Risks are minimal—low flood/fire, though heat's rising. No big developments popping up, but Louisville's broader growth keeps it afloat. It's got that reliable, no-drama vibe for investors eyeing cash flow.
Market Activity
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Rental Income
$15K
Yield
8.6%
Appreciation
$6K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value by lifting the price per square foot from $217 to $227. This 4.6% increase enhances market appeal, helping your property shine and attracting buyers who prioritize fresh, contemporary living spaces. Upgrading elevates your rent potential up to $1,595 monthly and improves sell potential to $203,000. These improvements create a more comfortable, inviting home while securing a smarter financial future for owners and investors alike.
Value Add
$9K
Appreciation
$7K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy. With a projected post-renovation value reaching up to $203,000 and a 9.1% yield, the asset offers a reliable foundation for generating consistent long-term monthly rental income. The $1,466 monthly rent estimate is robust, supporting a strong cash flow profile. Given the median market price of $220,000 for renovated units, this project provides a clear, actionable path toward achieving stable equity growth and performance.
Rental Income
$18K
Yield
9.1%
Appreciation
$7K
Year 1 Estimates, Post Typical Renovation
Estimated value
$181K
$3.2K over comp median
Comparative Market Analysis
$110K – $222K
~41 days to sell
Based on 8 comps