365 Ridgeway StHot SpringsAR71901
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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 Hot Springs at 365 Ridgeway St, Hot Springs, AR, 71901 with 5% annual appreciation on a $186,000 basis while $1,906/mo rent supports operations. Total monthly income totals $1,906/mo and a $910/mo payment preserves $788/mo for cash returns. Annual cash flow comes to $9,460/yr on $61,659 deployed, and return on cash invested reaches 35.25% in year one. Equity gained on principal adds $1,200/yr, and five-year appreciation sums $51,388 alongside rental yield of 12.3%. Five-year ROI measures 184.93% and total cumulative return in cash totals $114,028.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,906/mo property income versus a $910/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71901, Hot Springs National Park, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,428 (100%) |
| Owner Occupied HU | 7,567 (52.4%) |
| Renter Occupied HU | 4,775 (33.1%) |
| Vacant Housing Units | 2,086 (14.5%) |
| Median Home Value | $242,632 |
| Average Home Value | $287,903 |
Housing Distribution
Address Breakdown
Residential
13,667
Single Family
12,228
Multi-Family
1,439
Businesses
1,419
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Listed by: James C Lockwood • CBRPM Hot Springs
Mls Name: CARMLS
Mls Provider:
Mls ID: #24017742
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.