5317 Jelce Rd

North Little Rock, AR 72117
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2 bd, 1 ba | 815 sqft | Built in 1950

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List Price
$98,500

Initial Investment

$26,841

Purchase Price

$98,500

Down Payment

25%

Rent

$800

Total Return

$28,700

Annualized Return

16.6%

Cap Rate

6.9%

Gross Yield

9.7%

Cash Flow

$982

Appreciation

4.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

This charming cottage is a one-of-a-kind jewel.  Seller had majority of the house gutted 20 years ago down to studs, adding new wiring and plumbing. Opened up the kitchen/living space, expanded the bathroom, replaced the kitchen cabinetry and appliances, maintained the original hardwood floors, and added the incredible Pella double doors to front and back...they flood the space with natural light.  The bathroom is a showplace with real marble tiled walls and floor, vanity with glass vessel sink, bidet add on to commode.  Modern light fixtures, gorgeous white painted walls and overall feel will make you feel right at home in the great little house.  Sitting on a ¼ acre lot with a shed and firepit in the back.  Conveniently located to great shopping and dining.  It's a must see!

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

Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$1,783

Property Taxes

-$1,000

Loan Payments

-$5,355

Net Cash Flow

$982

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:Thomas Lipsmeyer
CBRPM Maumelle
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24042192
Last Updated: 11/21/2024 01:11
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