1113 Spears StWest MemphisAR72301
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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
Rental property for sale in West Memphis at 1113 Spears St, West Memphis, AR, 72301 generates $1,301/mo in rent and, after a $661/mo payment, leaves $489/mo in cash flow. Total monthly income is $1,301/mo, and annual cash flow is $5,871/yr on $44,753 invested. Return on cash invested sits at 33.03% in year one, and rental yield is 11.56% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 173.06% and total cumulative return in cash sums $77,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,301/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72301, West Memphis, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,340 (39.6%) |
| Renter Occupied HU | 5,326 (48.6%) |
| Vacant Housing Units | 1,297 (11.8%) |
| Median Home Value | $138,388 |
| Average Home Value | $160,679 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
8,952
Multi-Family
784
Businesses
1,073
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Listed by: Harrison Cole • Coldwell Banker Heritage Homes
Mls Name: Eastern Arkansas Realtors Association
Mls ID: #43595