3248 Highway 29 NHopeAR71801
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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 Hope at 3248 Highway 29 N, Hope, AR, 71801 uses $112,710 cash to close to unlock $1,612/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $2,178/mo, and a $1,664/mo payment keeps the spread at $134/mo. Purchase price stands at $340,000, and rental yield measures 7.69% with $2,178/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 110.3% and total cumulative return in cash records $124,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,178/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1972
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71801, Hope, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,957 (100%) |
| Owner Occupied HU | 3,690 (53.0%) |
| Renter Occupied HU | 2,133 (30.7%) |
| Vacant Housing Units | 1,134 (16.3%) |
| Median Home Value | $137,800 |
| Average Home Value | $168,683 |
Housing Distribution
Address Breakdown
Residential
6,662
Single Family
6,623
Multi-Family
39
Businesses
470
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