312 W L AveNorth Little RockAR72116
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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 North Little Rock at 312 W L Ave, North Little Rock, AR, 72116 priced at $175,000 converts $947/mo rent into after a $857/mo obligation. Total monthly income equals $947/mo. Return on cash invested prints 17.73% in year one, and rental yield reads 6.49% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 90.94% and total cumulative return in cash sums $52,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $947/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1946
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72116, North Little Rock, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,661 (100%) |
| Owner Occupied HU | 6,318 (54.2%) |
| Renter Occupied HU | 4,471 (38.3%) |
| Vacant Housing Units | 872 ( 7.5%) |
| Median Home Value | $255,871 |
| Average Home Value | $280,959 |
Housing Distribution
Address Breakdown
Residential
11,141
Single Family
8,431
Multi-Family
2,710
Businesses
812
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Listed by: Michele Phillips • Michele Phillips & Co. REALTORS
Mls Name: CARMLS
Mls Provider:
Mls ID: #25010602
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.