194 Lake Point DrQuitmanAR72131
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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 Quitman at 194 Lake Point Dr, Quitman, AR, 72131 generates $2,402/mo in rent, after a $3,341/mo payment. Total monthly income is $2,402/mo. Return on cash invested sits at 10.97% in year one, and rental yield is 4.22% on a $682,500 entry. Equity gained on principal adds $4,404/yr, while 5% annual appreciation builds toward $188,562 over five years. Five-year ROI reaches 54.65% and total cumulative return in cash sums $122,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,402/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72131, Quitman, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,563 (100%) |
| Owner Occupied HU | 1,666 (65.0%) |
| Renter Occupied HU | 378 (14.7%) |
| Vacant Housing Units | 519 (20.2%) |
| Median Home Value | $240,625 |
| Average Home Value | $300,824 |
Housing Distribution
Address Breakdown
Residential
2,094
Single Family
2,094
Multi-Family
0
Businesses
103
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