709 Chestnut StCorningAR72422
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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 Corning at 709 Chestnut St, Corning, AR, 72422 uses $38,089 cash to close to unlock $3,572/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $988/mo, and a $562/mo payment keeps the spread at $298/mo. Purchase price stands at $114,900, and rental yield measures 10.32% with $988/mo rent. Return on cash invested shows 29.29% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 152.93% and total cumulative return in cash records $58,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $988/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72422, Corning, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,268 (56.6%) |
| Renter Occupied HU | 594 (26.5%) |
| Vacant Housing Units | 379 (16.9%) |
| Median Home Value | $93,659 |
| Average Home Value | $126,571 |
Housing Distribution
Address Breakdown
Residential
2,017
Single Family
2,000
Multi-Family
17
Businesses
194
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