238 Lake Estates DrHorseshoe LakeAR72348
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
Investment Highlights
Rental property for sale in Horseshoe Lake at 238 Lake Estates Dr, Horseshoe Lake, AR, 72348 priced at $165,000 converts $1,085/mo rent into $93/mo cash flow after a $808/mo obligation. Total monthly income equals $1,085/mo, and annual cash flow totals $1,113/yr on $54,698 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 7.89% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 113.53% and total cumulative return in cash sums $62,099. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,085/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1962
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72348, Hughes, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 536 (43.2%) |
| Renter Occupied HU | 376 (30.3%) |
| Vacant Housing Units | 328 (26.5%) |
| Median Home Value | $150,000 |
| Average Home Value | $232,043 |
Housing Distribution
Address Breakdown
Residential
739
Single Family
739
Multi-Family
0
Businesses
76
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Nearby investment properties with comparable prices
Listed by: Kristi Brawley • Crye-leike Realtors
Mls Name: Eastern Arkansas Realtors Association
Mls ID: #43738
Disclaimer: Copyright Eastern Arkansas Realtors Association. All rights reserved. Information is deemed reliable but not guaranteed.