503 Lakeland Dr APT B6Hot 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
Investment property for sale in Hot Springs at 503 Lakeland Dr APT B6, Hot Springs, AR, 71913 listed at $299,000 pairs $2,058/mo rent with a $1,463/mo payment to leave $31/mo cash flow. Total monthly income runs $2,058/mo, and annual cash flow reaches $373/yr on $99,119 cash to close. Return on cash invested measures 20.29% in year one, and rental yield registers 8.26% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 105.69% and total cumulative return in cash totals $104,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,058/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
$230 monthly 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: David Hall • The Goff Group Real Estate
Mls Name: HSDS
Mls Provider:
Mls ID: #150208
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. Information is deemed reliable but not guaranteed.