223 Mitchell St
Conway, AR 72034
List Price
$215,000
Initial Investment
$58,588Purchase Price
$215,000
Down Payment
25%
Rent
$1,260
Total Return
$57,420
Annualized Return
14.2%
Cap Rate
4.9%
Gross Yield
7.0%
Cash Flow
-$1,731
Appreciation
5.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
11,252
HOA
None
Flood Risk
Not Required
Charming craftsman super close to UCA! Walk/bike/wheel to UCA from this great home with tons of character. The tree lined street really pops in the spring. The inviting front porch is perfect for enjoying spring and summer evenings with a drink in hand. The interior features 3 beds/2 baths with hardwood floors. Primary bedroom with ensuite bathroom. Separate dining room. Fenced in back yard. Enjoy the charm of Old Town Conway and be close to all of the games, performing arts, and lectures at UCA. Foundation work has already been done to upgrade the foundation on this beautiful home.
See more in Analysis
Tara Helgestad
Lotus Realty, LLC
AR Agent License #PB00079617
Annual Financial Highlights
Expected Rent
$14,364Expenses
-$2,557Property Taxes
-$1,850Loan Payments
-$11,689Net Cash Flow
-$1,731See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Last Updated: 04/10/2024 01:04
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Last Updated: 04/10/2024 01:04