603 Lecta AveFort SmithAR72901
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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 Fort Smith at 603 Lecta Ave, Fort Smith, AR, 72901 priced at $159,900 pairs $1,288/mo rent with $326/mo cash flow after a $783/mo payment. Total monthly income equals $1,288/mo, and annual cash flow comes to $3,917/yr on $53,007 invested. Return on cash invested is 27.3% in year one, and rental yield stands at 9.67% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 142.3% and total cumulative return in cash reaches $75,426. For financing, Ziffy Mortgage’s DSCR program evaluates $1,288/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
6,773 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72901, Fort Smith, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 3,673 (35.0%) |
| Renter Occupied HU | 5,322 (50.7%) |
| Vacant Housing Units | 1,494 (14.2%) |
| Median Home Value | $148,051 |
| Average Home Value | $192,606 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
8,032
Multi-Family
1,523
Businesses
1,590
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Listed by: The Grinnell Group • Keller Williams Platinum Realty
Mls Name: Western River Valley BOR
Mls ID: #1085674