2408 Harper StCorningAR72422
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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 Corning at 2408 Harper St, Corning, AR, 72422 generates $1,342/mo in rent and, after a $685/mo payment, leaves $501/mo in cash flow. Total monthly income is $1,342/mo, and annual cash flow is $6,009/yr on $46,377 invested. Return on cash invested sits at 32.87% in year one, and rental yield is 11.51% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 172.13% and total cumulative return in cash sums $79,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,342/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72422, Corning, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,268 (56.6%) |
| Renter Occupied HU | 594 (26.5%) |
| Vacant Housing Units | 379 (16.9%) |
| Median Home Value | $93,659 |
| Average Home Value | $126,571 |
Housing Distribution
Address Breakdown
Residential
2,017
Single Family
2,000
Multi-Family
17
Businesses
194
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