2949 Highway 188 EMount IdaAR71957
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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
Investment property for sale in Mount Ida at 2949 Highway 188 E, Mount Ida, AR, 71957 offers a 8.12% rental yield on a $205,000 purchase with $1,387/mo rent. Total monthly income registers $1,387/mo, and a $1,003/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,861/yr on $67,958 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 117.38% and total cumulative return in cash at $79,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,387/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2016
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71957, Mount Ida, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,410 (100%) |
| Owner Occupied HU | 999 (41.5%) |
| Renter Occupied HU | 346 (14.4%) |
| Vacant Housing Units | 1,065 (44.2%) |
| Median Home Value | $293,287 |
| Average Home Value | $323,331 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,229
Multi-Family
15
Businesses
184
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Listed by: Jonathan Picking • Epique Realty
Mls Name: CARMLS
Mls Provider:
Mls ID: #25009573
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.