120 W 6th St

Lonoke, AR 72086
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4 bd, 3 ba | 2,016 sqft | Built in 1941

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List Price
$75,000

Initial Investment

$20,438

Purchase Price

$75,000

Down Payment

25%

Rent

$1,890

Total Return

$69,545

Annualized Return

54.9%

Cap Rate

19.8%

Gross Yield

30.2%

Cash Flow

$9,497

Appreciation

4.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,436

HOA

None

Flood Risk

Not Required

Are you looking for a weekend project? This home has a lot of potential. 2 bedrooms downstairs & 1 room that could be a 4th bedroom or home office. Master is upstairs with full bath. 2 living areas, 2 sunporches, dining room & kitchen with breakfast area. This home sits on a large corner lot.

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

$21,546

Expenses

-$6,852

Property Taxes

-$1,120

Loan Payments

-$4,077

Net Cash Flow

$9,497

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:Brook Knox
Knox Realty
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24042417
Last Updated: 11/22/2024 17:11
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.