24 Magellan DrHot SpringsAR71909
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
Investment property for sale in Hot Springs at 24 Magellan Dr, Hot Springs, AR, 71909 listed at $419,500 pairs $2,617/mo rent with a $2,053/mo payment to leave $96/mo cash flow. Total monthly income runs $2,617/mo, and annual cash flow reaches $1,147/yr on $139,064 cash to close. Return on cash invested measures 20.73% in year one, and rental yield registers 7.49% at a $419,500 basis. Equity gained on principal adds $2,707/yr, and annual property appreciation at 5% supports $115,900 by year five. Five-year ROI tracks 107.04% and total cumulative return in cash totals $148,854. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,617/mo property income relative to a $2,053/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71909, Hot Springs Village, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,653 (100%) |
| Owner Occupied HU | 8,230 (77.3%) |
| Renter Occupied HU | 1,134 (10.6%) |
| Vacant Housing Units | 1,289 (12.1%) |
| Median Home Value | $288,567 |
| Average Home Value | $337,292 |
Housing Distribution
Address Breakdown
Residential
10,339
Single Family
10,236
Multi-Family
103
Businesses
319
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlotte Hitchens • RE/MAX of Hot Springs Village
Mls Name: CARMLS
Mls ID: #25032315