212 Rice St

Little Rock, AR 72205
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3 bd, 2 ba | 1,442 sqft | Built in 1928

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List Price
$250,000

Initial Investment

$68,125

Purchase Price

$250,000

Down Payment

25%

Rent

$1,680

Total Return

$39,237

Annualized Return

9.1%

Cap Rate

4.8%

Gross Yield

8.1%

Cash Flow

-$2,348

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,534

HOA

None

Flood Risk

Not Required

Welcome to 212 Rice Street!!! This newly renovated home has three bedrooms and two newly renovated bathrooms. This 1928 home is the best of both worlds. It holds the historic esthetic while simultaneously allowing the newer modern touches to elevate into today's design features and styles. With a separate dining area the view of the new kitchen cabinets and quartz countertops is top tier. You'll be glad to know that the exterior has been updated as well with paint, a new roof and fencing! Come take a look and see what this Rice Street renovation has to offer!

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NEIGHBORHOOD

SCHOOLS

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Tara Helgestad
Lotus Realty, LLC
AR Agent License #PB00079617

Annual Financial Highlights

Expected Rent

$19,152

Expenses

-$3,409

Property Taxes

-$4,500

Loan Payments

-$13,591

Net Cash Flow

-$2,348

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

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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:Alishia Freeman
Dawn Realty
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24041733
Last Updated: 11/17/2024 06:11
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.