1407 E 38th StLittle RockAR72206
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1407 E 38th St, Little Rock, AR, 72206 in Little Rock is a solid income-producing rental, 9.26% gross yield, $1,119/mo rent, $247/mo net cash flow on a $145,000 buy. DSCR 1.72 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $40,061 and $1,335/yr in principal reduction project a total cumulative return of $70,846.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.1% |
| Monthly Cash Flow | $247 | $425 |
City averages based on Little Rock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,119 |
| Total Monthly Debt Service | $814 |
| DSCR Ratio | 1.37x |
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 1967
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72206, Little Rock, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,395 (100%) |
| Owner Occupied HU | 6,372 (55.9%) |
| Renter Occupied HU | 3,355 (29.4%) |
| Vacant Housing Units | 1,668 (14.6%) |
| Median Home Value | $188,000 |
| Average Home Value | $227,134 |
Housing Distribution
Address Breakdown
Residential
10,422
Single Family
9,903
Multi-Family
519
Businesses
800
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 1967
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72206, Little Rock, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,395 (100%) |
| Owner Occupied HU | 6,372 (55.9%) |
| Renter Occupied HU | 3,355 (29.4%) |
| Vacant Housing Units | 1,668 (14.6%) |
| Median Home Value | $188,000 |
| Average Home Value | $227,134 |
Housing Distribution
Address Breakdown
Residential
10,422
Single Family
9,903
Multi-Family
519
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawanna M Willis • Crye-Leike REALTORS Kanis Branch
Mls Name: CARMLS
Mls ID: #25048203