104 Norway CtHot SpringsAR71901
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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 Hot Springs at 104 Norway Ct, Hot Springs, AR, 71901 uses $85,361 cash to close to unlock $402/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,581/mo, and a $1,260/mo payment keeps the spread at $33/mo. Purchase price stands at $257,500, and rental yield measures 7.37% with $1,581/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $71,143 over five years. Five-year ROI reaches 105.15% and total cumulative return in cash records $89,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,581/mo property income covering a $1,260/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71901, Hot Springs National Park, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,428 (100%) |
| Owner Occupied HU | 7,567 (52.4%) |
| Renter Occupied HU | 4,775 (33.1%) |
| Vacant Housing Units | 2,086 (14.5%) |
| Median Home Value | $242,632 |
| Average Home Value | $287,903 |
Housing Distribution
Address Breakdown
Residential
13,667
Single Family
12,228
Multi-Family
1,439
Businesses
1,419
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Listed by: Shaunna Schanlaber • Lake Hamilton Realty, Inc.
Mls Name: CARMLS
Mls Provider:
Mls ID: #25013791
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