638 Summit DrTexarkanaAR71854
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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 Texarkana at 638 Summit Dr, Texarkana, AR, 71854 priced at $400,000 converts $2,383/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,383/mo. Return on cash invested prints 19.54% in year one, and rental yield reads 7.15% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 100.72% and total cumulative return in cash sums $133,552. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,383/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2017
2.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71854, Texarkana, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,673 (100%) |
| Owner Occupied HU | 8,517 (51.1%) |
| Renter Occupied HU | 5,820 (34.9%) |
| Vacant Housing Units | 2,336 (14.0%) |
| Median Home Value | $186,158 |
| Average Home Value | $207,121 |
Housing Distribution
Address Breakdown
Residential
16,309
Single Family
14,590
Multi-Family
1,719
Businesses
1,075
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Listed by: David Jenkins • Griffin Realtors
Mls Name: CARMLS
Mls Provider:
Mls ID: #24033962
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.