1606 S East StFort SmithAR72901
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1606 S East St, Fort Smith, AR, 72901 in Fort Smith: $715/mo in rent, $235/mo in net income, 9.35% gross yield, 1.20 DSCR, all at $132,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $36,469 in appreciation and $1,216/yr in principal paydown projects total cumulative return of $44,893.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.2% |
| Monthly Cash Flow | $235 | $450 |
City averages based on Fort Smith market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $715 |
| Total Monthly Debt Service | $741 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in N/A
3,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72901, Fort Smith, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 3,673 (35.0%) |
| Renter Occupied HU | 5,322 (50.7%) |
| Vacant Housing Units | 1,494 (14.2%) |
| Median Home Value | $148,051 |
| Average Home Value | $192,606 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
8,032
Multi-Family
1,523
Businesses
1,590
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
Multi Family
Built in N/A
3,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72901, Fort Smith, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 3,673 (35.0%) |
| Renter Occupied HU | 5,322 (50.7%) |
| Vacant Housing Units | 1,494 (14.2%) |
| Median Home Value | $148,051 |
| Average Home Value | $192,606 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
8,032
Multi-Family
1,523
Businesses
1,590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Price Group • Keller Williams Platinum Realty
Mls Name: Western River Valley BOR
Mls ID: #1080211
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. Information is deemed reliable but not guaranteed.