615 Water StNorth Little RockAR72117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Little Rock at 615 Water St, North Little Rock, AR, 72117 offers $1,201/mo rent that, after a $866/mo payment, leaves $137/mo cash flow. Total monthly income is $1,201/mo, and annual cash flow is $1,648/yr on $58,676 cash. Return on cash invested measures 22.72% in year one, and rental yield stands at 8.14% at a $177,000 entry. Equity gained on principal adds $1,142/yr while 5% annual appreciation compounds into $48,902 by year five. Five-year ROI records 117.74% and total cumulative return in cash reaches $69,083. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,201/mo property income versus a $866/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72117, North Little Rock, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,389 (100%) |
| Owner Occupied HU | 3,378 (52.9%) |
| Renter Occupied HU | 2,238 (35.0%) |
| Vacant Housing Units | 773 (12.1%) |
| Median Home Value | $146,000 |
| Average Home Value | $161,889 |
Housing Distribution
Address Breakdown
Residential
6,198
Single Family
5,998
Multi-Family
200
Businesses
834
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aracely Galan • Capital Real Estate Advisors
Mls Name: CARMLS
Mls ID: #25035220