1207 Basil StCorningAR72422
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1207 Basil St, Corning, AR, 72422 in Corning deserves attention. This $149,900 property earns $1,757/mo in rent, a 14.06% gross yield, and nets $856/mo after the $674/mo payment. DSCR 2.61 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $41,415 compounds alongside $1,381/yr in yearly equity build, for a total cumulative return of $111,815.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 6.0% |
| Monthly Cash Flow | $856 | $200 |
City averages based on Corning market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,757 |
| Total Monthly Debt Service | $841 |
| DSCR Ratio | 2.09x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72422, Corning, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,268 (56.6%) |
| Renter Occupied HU | 594 (26.5%) |
| Vacant Housing Units | 379 (16.9%) |
| Median Home Value | $93,659 |
| Average Home Value | $126,571 |
Housing Distribution
Address Breakdown
Residential
2,017
Single Family
2,000
Multi-Family
17
Businesses
194
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72422, Corning, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,268 (56.6%) |
| Renter Occupied HU | 594 (26.5%) |
| Vacant Housing Units | 379 (16.9%) |
| Median Home Value | $93,659 |
| Average Home Value | $126,571 |
Housing Distribution
Address Breakdown
Residential
2,017
Single Family
2,000
Multi-Family
17
Businesses
194
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices