5211 Pike Ave

North Little Rock, AR 72118
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3 bd, 1 ba | 960 sqft | Built in 1960

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List Price
$99,900

Initial Investment

$27,223

Purchase Price

$99,900

Down Payment

25%

Rent

$1,240

Total Return

$23,951

Annualized Return

16.9%

Cap Rate

10.1%

Gross Yield

14.9%

Cash Flow

$3,914

Appreciation

0.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,579

HOA

None

Flood Risk

Not Required

This home is a real eye-catcher with its striking red/cream brick exterior and crisp white wood accents! The front yard is spacious and features beautiful grass and a raised garden bed, but once you step inside, it's like stepping back in time to the 1960s! Although it hasn't been updated, it has been lovingly maintained over the years. The original hardwood floors are stunning, durable, and easy to care for. The vintage cabinetry is beautifully preserved and adds character to the home. Step out through the sliding glass door to the expansive backyard, complete with a 10ft x 20ft building with electricity and lovely mature trees. There's even a small workshop with power tucked behind the carport! This charming property is move-in ready and ideal for those looking to be close to Camp Robinson Military Base, first-time homebuyers, or investors. Don't wait too long - a move-in ready home like this won't stay on the market for long!

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

Annual Financial Highlights

Expected Rent

$14,136

Expenses

-$3,491

Property Taxes

-$1,300

Loan Payments

-$5,431

Net Cash Flow

$3,914

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:Cydney Fullen
The Legacy Team
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24012276
Last Updated: 04/11/2024 22:04
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