622 Park AveHot SpringsAR71901
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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 622 Park Ave, Hot Springs, AR, 71901 offers a 9.44% rental yield on a $119,000 purchase with $936/mo rent. Total monthly income registers $936/mo, and a $582/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,653/yr on $39,449 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 138.82% and total cumulative return in cash at $54,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $936/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71901, Hot Springs National Park, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,428 (100%) |
| Owner Occupied HU | 7,567 (52.4%) |
| Renter Occupied HU | 4,775 (33.1%) |
| Vacant Housing Units | 2,086 (14.5%) |
| Median Home Value | $242,632 |
| Average Home Value | $287,903 |
Housing Distribution
Address Breakdown
Residential
13,667
Single Family
12,228
Multi-Family
1,439
Businesses
1,419
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Listed by: Randy Whitehead • ESQ. Realty Group - Hot Springs
Mls Name: CARMLS
Mls Provider:
Mls ID: #25009024
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.