1216 Chestnut St

Lonoke, AR 72086
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3 bd, 1 ba | 1,175 sqft | Built in 1978

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List Price
$130,000

Initial Investment

$35,425

Purchase Price

$130,000

Down Payment

25%

Rent

$1,100

Total Return

$39,828

Annualized Return

17.2%

Cap Rate

6.9%

Gross Yield

10.2%

Cash Flow

$1,258

Appreciation

4.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,186

HOA

None

Flood Risk

Not Required

Welcome to your ideal starter home or investment opportunity! This charming 3-bedroom home has recent upgrades including a new HVAC system in 2023, a water heater in 2022, and a roof in 2020. This home has all of the big ticket items like new while also being in a desirable location. Don't miss out on this cute property with upgraded essentials - schedule a showing today!

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NEIGHBORHOOD

SCHOOLS

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Tara Helgestad
Lotus Realty, LLC
AR Agent License #PB00079617

Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,015

Property Taxes

-$1,200

Loan Payments

-$7,067

Net Cash Flow

$1,258

See 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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Listing Courtesy of:Michael King
Century 21 Parker & Scroggins Realty - Bryant
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24012436
Last Updated: 04/21/2024 21:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.