615 May 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
Investment property for sale in Fort Smith at 615 May Ave, Fort Smith, AR, 72901 offers a 11.88% rental yield on a $244,900 purchase with $2,424/mo rent. Total monthly income registers $2,424/mo, and a $1,199/mo payment leaves $952/mo available for distribution. Annual cash flow reaches $11,418/yr on $81,184 to close, and return on cash invested stands at 33.97% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,661 over five years. Portfolio math shows five-year ROI at 178.07% and total cumulative return in cash at $144,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,424/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
10,493 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: #1084513