515 W 24th StLittle RockAR72206
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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 Little Rock at 515 W 24th St, Little Rock, AR, 72206 generates $1,646/mo in rent and, after a $857/mo payment, leaves $594/mo in cash flow. Total monthly income is $1,646/mo, and annual cash flow is $7,123/yr on $58,013 invested. Return on cash invested sits at 32.19% in year one, and rental yield is 11.29% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 168.49% and total cumulative return in cash sums $97,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,646/mo property income rather than buyer’s personal income.
Townhouse
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72206, Little Rock, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,395 (100%) |
| Owner Occupied HU | 6,372 (55.9%) |
| Renter Occupied HU | 3,355 (29.4%) |
| Vacant Housing Units | 1,668 (14.6%) |
| Median Home Value | $188,000 |
| Average Home Value | $227,134 |
Housing Distribution
Address Breakdown
Residential
10,422
Single Family
9,903
Multi-Family
519
Businesses
800
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Listed by: Ryan Stephens • Engel & Volkers
Mls Name: CARMLS
Mls ID: #25037995