308 E Cleveland StPrairie GroveAR72753
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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 Prairie Grove at 308 E Cleveland St, Prairie Grove, AR, 72753 priced at $199,900 converts $1,499/mo rent into $298/mo cash flow after a $978/mo obligation. Total monthly income equals $1,499/mo, and annual cash flow totals $3,573/yr on $66,267 invested. Return on cash invested prints 25.3% in year one, and rental yield reads 9% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 131.52% and total cumulative return in cash sums $87,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,499/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72753, Prairie Grove, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,673 (100%) |
| Owner Occupied HU | 3,361 (71.9%) |
| Renter Occupied HU | 1,029 (22.0%) |
| Vacant Housing Units | 283 ( 6.1%) |
| Median Home Value | $292,320 |
| Average Home Value | $345,014 |
Housing Distribution
Address Breakdown
Residential
4,510
Single Family
4,510
Multi-Family
0
Businesses
217
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Listed by: Katie Book • Legend Realty Inc
Mls Name: ArkansasOne MLS
Mls ID: #1333164