1615 N Spring Rd UNIT 10HarrisonAR72601
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1615 N Spring Rd UNIT 10, Harrison, AR, 72601 in Harrison is a conservative rental investment at $170,000. Rental yield 6.1%. A 1.13 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $46,968; $1,566/yr in principal paydown supplements. Total projected return: $54,240.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 6.5% |
| Monthly Cash Flow | $(158) | $200 |
City averages based on Harrison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $864 |
| Total Monthly Debt Service | $954 |
| DSCR Ratio | 0.91x |
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.
Condo
Built in 2006
1,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72601, Harrison, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,593 (100%) |
| Owner Occupied HU | 9,193 (63.0%) |
| Renter Occupied HU | 4,066 (27.9%) |
| Vacant Housing Units | 1,334 ( 9.1%) |
| Median Home Value | $214,852 |
| Average Home Value | $274,400 |
Housing Distribution
Address Breakdown
Residential
13,474
Single Family
12,913
Multi-Family
561
Businesses
1,055
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
Condo
Built in 2006
1,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72601, Harrison, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,593 (100%) |
| Owner Occupied HU | 9,193 (63.0%) |
| Renter Occupied HU | 4,066 (27.9%) |
| Vacant Housing Units | 1,334 ( 9.1%) |
| Median Home Value | $214,852 |
| Average Home Value | $274,400 |
Housing Distribution
Address Breakdown
Residential
13,474
Single Family
12,913
Multi-Family
561
Businesses
1,055
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eunice Whiteley • Weichert, REALTORS-Market Edge
Mls Name: ArkansasOne MLS
Mls Provider:
Mls ID: #1305284
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.