305 W 50th St

North Little Rock, AR 72118
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4 bd, 2 ba | 1,512 sqft | Built in 1957

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List Price
$175,000

$5K

Initial Investment

$54,446

Purchase Price

$175,000

Down Payment

25%

Rent

$1,270

Total Return

-$9,648

Annualized Return

-3.6%

Cap Rate

4.9%

Gross Yield

8.7%

Cash Flow

-$1,591

Appreciation

0.4%
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Features

Occupancy

Occupied

Lease Start

05/27/2022

Lease End

05/31/2023

Property Type

Duplex

Lot Size

10,629

HOA

None

Flood Risk

High Risk - Zone AE

  • Two unit duplex with each unit 2 bedrooms / 1 bath
  • $13,500 in renovations for Unit A. New LVP flooring, renovated bathrooms with new vanities, plumbing, new interior paint, and landscaping in backyard
  • New water heater just installed and installed GFI outlets
  • Close to shops and restaurants. Adjacent to schools
  • Unit B rent increasing to $690 in September 2022
  • AS-IS. Seller is currently making the following repairs: Cleaning discoloration under kitchen sink in both units and repairing double tapped wiring in electrical panel
  • Land lord friendly state

See more in Analysis

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Annual Financial Highlights

Expected Rent

$14,478

Expenses

-$5,155

Property Taxes

-$1,400

Loan Payments

-$9,514

Net Cash Flow

-$1,591

See more in Financials

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