400 Farr Shores Dr APT 2EHot 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 400 Farr Shores Dr APT 2E, Hot Springs, AR, 71913 generates $1,207/mo in rent, after a $1,224/mo payment. Total monthly income is $1,207/mo. Return on cash invested sits at 15.62% in year one, and rental yield is 5.79% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 79.61% and total cumulative return in cash sums $65,974. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,207/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A 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: Sherry Smith • Crye-Leike REALTORS Hot Springs
Mls Name: HSDS
Mls ID: #151242