1020 E 3rd StHopeAR71801
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1020 E 3rd St, Hope, AR, 71801 in Hope. At $120,000 it earns $952/mo in rent and distributes $231/mo to the owner after the $540/mo payment, a consistent 9.52% yield. DSCR 1.76 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $33,154 in value; $1,105/yr in principal paydown compounds ownership stake. Total projected return: $60,213.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $231 | $500 |
City averages based on Hope market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $952 |
| Total Monthly Debt Service | $674 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1934
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71801, Hope, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,957 (100%) |
| Owner Occupied HU | 3,690 (53.0%) |
| Renter Occupied HU | 2,133 (30.7%) |
| Vacant Housing Units | 1,134 (16.3%) |
| Median Home Value | $137,800 |
| Average Home Value | $168,683 |
Housing Distribution
Address Breakdown
Residential
6,662
Single Family
6,623
Multi-Family
39
Businesses
470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1934
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71801, Hope, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,957 (100%) |
| Owner Occupied HU | 3,690 (53.0%) |
| Renter Occupied HU | 2,133 (30.7%) |
| Vacant Housing Units | 1,134 (16.3%) |
| Median Home Value | $137,800 |
| Average Home Value | $168,683 |
Housing Distribution
Address Breakdown
Residential
6,662
Single Family
6,623
Multi-Family
39
Businesses
470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Hammonds • NextHome Realty Advisors
Mls Name: CARMLS
Mls Provider:
Mls ID: #24020144
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.