301 Richard StHot SpringsAR71913
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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 Hot Springs at 301 Richard St, Hot Springs, AR, 71913 priced at $199,000 converts $1,587/mo rent into $391/mo cash flow after a $974/mo obligation. Total monthly income equals $1,587/mo, and annual cash flow totals $4,689/yr on $65,969 invested. Return on cash invested prints 27.02% in year one, and rental yield reads 9.57% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 140.75% and total cumulative return in cash sums $92,850. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,587/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71913, Hot Springs National Park, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,176 (100%) |
| Owner Occupied HU | 13,504 (51.6%) |
| Renter Occupied HU | 7,431 (28.4%) |
| Vacant Housing Units | 5,241 (20.0%) |
| Median Home Value | $247,974 |
| Average Home Value | $325,048 |
Housing Distribution
Address Breakdown
Residential
23,925
Single Family
21,402
Multi-Family
2,523
Businesses
1,770
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Listed by: Jeffery S Vaughn • ESQ. Realty Group - Hot Springs
Mls Name: CARMLS
Mls ID: #25048844