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Little Rock Turnkey Single Family Home

  • SOLD
  • 3910 Virginia Dr, North Little Rock, AR 72118
  • $115,000 Purchase Price - $1,000 Monthly Rent
  • 11% Annual ROI with Financed Purchase
  • 18% 5 Year Annualized Return
  • **Renovation in Progress

Boost your cash flow with this 1224 sqft 3 bed 2 bath single family home in North Little Rock. The location is in a quiet neighborhood that has seen very stable growth over the years, with easy access to I-40, the rapidly revitalizing downtown Little Rock and Arkansas River waterfront area, Bill and Hillary Clinton National Airport, the L’oreal Maybelline manufacturing facilities, and Camp Joseph T. Robinson Army Base. The house is currently under renovation and will have a full interior cosmetic update, updated mechanicals, and a number of repair items addressed.

Cash Flow Analysis (Financed Purchase)

INCOME

Monthly Rent

$1,000 (Market)

EXPENSES

Taxes

$51 (Actual)

Property Management

$90 (Actual)

Insurance

$50 (Actual)

Vacancy

$50 (Estimated at 5% of rent)

Maintenance

$50 (Estimated at 5% of rent)

Capital Expenditures

$50 (Estimated at 5% of rent)

Mortgage P & I @4% 30 Years, 80% LTV
$439

MONTHLY CASH FLOW:

$220

Location

Located in a quiet neighborhood but with easy access to the Interstate, major employers, and areas of attraction like the downtown and waterfront areas. 

Comparable Sales

4002 Virginia Dr, North Little Rock 72118

111,000 (10/28/2020) 0.1 Miles Away

4515 West Dr, North Little Rock 72118

$113,900 (11/14/2020) 0.4 Miles Away

1113 N Oaks Ln, North Little Rock 72118

$130,000 (7/16/2020) 0.5 Miles Away

Cash Flowing Little Rock Single Family

To reserve this property, please contact your Paraprin Capital representative, or send an email to info@paragonprincipal.com. A $2,000 deposit is due upon signing of the purchase and sale agreement. Estimated closing costs above the purchase price are $3,000 but may vary depending on the circumstances. The financial analysis in this teaser assumes a financed purchase. Financing options up to 80% of the purchase price are available, regardless of the nationality of the buyer.  Please inquire for more details.