6511 Harris LnTexarkanaAR71854
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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 6511 Harris Ln, Texarkana, AR, 71854 priced at $345,000 converts $2,285/mo rent into $211/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,285/mo, and annual cash flow totals $2,529/yr on $114,368 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 7.95% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 114.47% and total cumulative return in cash sums $130,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,285/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.80 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: NON MEMBER • NON-MEMBER
Mls Name: CARMLS
Mls Provider:
Mls ID: #25002726
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