6304 Chippewa Dr

North Little Rock, AR 72116
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4 bd, 2 ba | 1,857 sqft | Built in 1965

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List Price
$250,000

Initial Investment

$68,125

Purchase Price

$250,000

Down Payment

25%

Rent

$1,940

Total Return

$65,935

Annualized Return

14.8%

Cap Rate

6.1%

Gross Yield

9.3%

Cash Flow

$736

Appreciation

4.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,276

HOA

None

Flood Risk

Not Required

Completely remodeled 2023!! This 4 bedroom 2 bath home is nestled in the heart of North Little Rock. New roof, fixtures, floors, paint (inside & out), plumbing, electrical, appliances, granite countertops, and sheetrock. The inground pool is a relaxing bonus space. All this near shopping, restaurants, and schools. Sq footage approximate, measuring encouraged.

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

$22,116

Expenses

-$4,538

Property Taxes

-$3,250

Loan Payments

-$13,591

Net Cash Flow

$736

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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:Sonya Rhea
RE/MAX Real Estate Connection
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24012389
Last Updated: 04/12/2024 16:04
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.