1505 Hillsborough Ln

Little Rock, AR 72212
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4 bd, 2.5 ba | 3,088 sqft | Built in 1990

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List Price
$355,000

Initial Investment

$96,738

Purchase Price

$355,000

Down Payment

25%

Rent

$2,580

Total Return

$72,084

Annualized Return

11.4%

Cap Rate

5.0%

Gross Yield

8.7%

Cash Flow

-$2,808

Appreciation

4.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,594

HOA

$0/mo

Flood Risk

Not Required

Step into the Victorian charm of this home in the highly coveted Don Roberts zone, tucked away in a serene cul-de-sac neighborhood. Enjoy views of the nearby mountain ridge from your front porch. Designed with hardwood floors throughout, this residence boasts a gourmet kitchen featuring stainless steel appliances and granite counters, perfect for culinary enthusiasts and entertainers. The master suite, conveniently located downstairs, offers hardwood floors, a luxurious jacuzzi tub, separate shower, and a spacious walk-in closet. Enjoy the tranquility of the outdoors in the screened-in porch or step out onto the back yard deck, ideal for entertaining guests or savoring quiet moments. Recent updates including a new roof, energy-efficient windows, siding, and HVAC units ensure modern comfort and efficiency. Additionally, peace of mind is provided by a gas generator. Experience the epitome of Victorian living combined with contemporary amenities in this West Little Rock home. Don't miss the opportunity!

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

Annual Financial Highlights

Expected Rent

$29,412

Expenses

-$6,520

Property Taxes

-$6,400

Loan Payments

-$19,300

Net Cash Flow

-$2,808

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:Kerry Ellison
Keller Williams Realty Lr Branch
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24013317
Last Updated: 04/22/2024 16:04
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