402 E 9th Ave

Leola, AR 72084
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3 bd, 1 ba | 1,012 sqft | Built in 1970

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List Price
$75,000

Initial Investment

$20,438

Purchase Price

$75,000

Down Payment

25%

Rent

$1,170

Total Return

$64,098

Annualized Return

40.9%

Cap Rate

12.5%

Gross Yield

18.7%

Cash Flow

$4,491

Appreciation

9.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Charming 1012 square foot home in Leola, with 3 bedrooms, 1 bath. Classic Hardwood floors throughout part of the home. Tankless hot water heater and added value of new roof installed in 2022. Washer and dryer stay with home along with 4 windows units on home. One of the window units has heat and ac. Gas wall heater in living room.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Tara Helgestad
Lotus Realty, LLC
AR Agent License #PB00079617

Annual Financial Highlights

Expected Rent

$13,338

Expenses

-$4,419

Property Taxes

-$350

Loan Payments

-$4,077

Net Cash Flow

$4,491

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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Similar Listings



Listing Courtesy of:Rachel Sisco
Jenica Clement Properties
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24012504
Last Updated: 04/21/2024 00:04
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.