13 Connell Dr

Little Rock, AR 72205
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4 bd, 3 ba | 2,379 sqft | Built in 1967

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List Price
$225,000

Initial Investment

$61,313

Purchase Price

$225,000

Down Payment

25%

Rent

$1,910

Total Return

$59,051

Annualized Return

15.4%

Cap Rate

6.9%

Gross Yield

10.2%

Cash Flow

$2,358

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to this charming 4-bedroom, 3-bathroom home. On the main level, you'll find a cozy formal living room along with three bedrooms and two baths, providing ample space for relaxation and privacy. The kitchen is spacious and inviting, flowing seamlessly into a large formal dining room, perfect for hosting gatherings and meals with loved ones. Venturing downstairs, you'll discover a generously sized great room featuring a wood-burning stove that efficiently heats the entire lower level, creating a warm and inviting atmosphere. Additionally, there's a sizable storage area, cleverly designed to double as a storm shelter, offering both practicality and peace of mind during inclement weather. Downstairs also boasts a fourth bedroom, complete with its own full bath, ideal for guests or as a private retreat. Adjacent to the bedroom is a versatile office space, perfect for remote work or pursuing hobbies. Stepping outside, you'll be greeted by a beautifully landscaped backyard complete with a deck and patio, providing the perfect setting for outdoor relaxation and entertaining.

See more in Analysis
Tara Helgestad
Lotus Realty, LLC
AR Agent License #PB00079617

Annual Financial Highlights

Expected Rent

$21,774

Expenses

-$4,134

Property Taxes

-$3,050

Loan Payments

-$12,232

Net Cash Flow

$2,358

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:Jeannie Johnson
RE/MAX Elite
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24012956
Last Updated: 04/19/2024 16:04
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