1020 N 38th StFort SmithAR72904
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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
Investment Highlights
Investment property for sale in Fort Smith at 1020 N 38th St, Fort Smith, AR, 72904 uses $49,692 cash to close to unlock $3,151/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,164/mo, and a $734/mo payment keeps the spread at $263/mo. Purchase price stands at $149,900, and rental yield measures 9.32% with $1,164/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 136.68% and total cumulative return in cash records $67,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,164/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72904, Fort Smith, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,645 (100%) |
| Owner Occupied HU | 3,930 (45.5%) |
| Renter Occupied HU | 3,867 (44.7%) |
| Vacant Housing Units | 848 ( 9.8%) |
| Median Home Value | $115,175 |
| Average Home Value | $160,632 |
Housing Distribution
Address Breakdown
Residential
8,191
Single Family
7,301
Multi-Family
890
Businesses
397
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Listed by: Lisa Elmore • Weichert, REALTORS - The Griffin Company
Mls Name: Western River Valley BOR
Mls ID: #1075862
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