1113 E 3rd StHopeAR71801
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
Investment Highlights
Rental property for sale in Hope at 1113 E 3rd St, Hope, AR, 71801 generates $2,663/mo in rent and, after a $979/mo payment, leaves $1,461/mo in cash flow. Total monthly income is $2,663/mo, and annual cash flow is $17,528/yr on $66,300 invested. Return on cash invested sits at 46.35% in year one, and rental yield is 15.98% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 244.41% and total cumulative return in cash sums $162,044. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,663/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
0.55 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: Lindsey Townsend • Lance & Associates Real Estate
Mls Name: CARMLS
Mls Provider:
Mls ID: #23034467
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.