246 Justin StElkinsAR72727
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 246 Justin St, Elkins, AR, 72727 in Elkins earns a 9.44% gross yield at $259,500. Rent of $2,042/mo nets $401/mo after the $1,167/mo mortgage. The 1.75 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $71,695 and $2,390/yr in equity accumulation project a total cumulative return of $124,321.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 9.0% |
| Monthly Cash Flow | $401 | $300 |
City averages based on Elkins market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,042 |
| Total Monthly Debt Service | $1,538 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 2022
10,018 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72727, Elkins, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,954 (100%) |
| Owner Occupied HU | 2,253 (76.3%) |
| Renter Occupied HU | 409 (13.8%) |
| Vacant Housing Units | 292 ( 9.9%) |
| Median Home Value | $246,921 |
| Average Home Value | $318,877 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,666
Multi-Family
0
Businesses
97
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
Single Family
Built in 2022
10,018 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72727, Elkins, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,954 (100%) |
| Owner Occupied HU | 2,253 (76.3%) |
| Renter Occupied HU | 409 (13.8%) |
| Vacant Housing Units | 292 ( 9.9%) |
| Median Home Value | $246,921 |
| Average Home Value | $318,877 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,666
Multi-Family
0
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Alston • Coldwell Banker Harris McHaney & Faucette -Fayette
Mls Name: ArkansasOne MLS
Mls Provider:
Mls ID: #1306923
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.