405 Baywood Dr · Little Rock, AR 72211

$245,000

4 bd · 2.5 ba · 2,293 sqft · SingleFamily public records · 69 Days on market

Built 1985 7,840 sqft lot $107/sqft · 8% below area Est $266k · 8% under $26/mo HOA · 1% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.3/30.0
• ARV discount +11.0/15.0
• DSCR +5.1/10.0
• 1% rule +4.3/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2-story home located in desirable West Little Rock! Offering approximately 2,280 sq ft, this 4-bedroom, 2½-bath home features multiple living and dining areas providing flexibility for everyday living and entertaining. The kitchen includes a pantry, ample cabinetry, and the refrigerator conveys, and opens to the family room with a built-on-site fireplace with gas starter and wet bar. Formal living and dining rooms add additional gathering space. All bedrooms are located upstairs, including a generously sized primary suite with private bath. Enjoy outdoor living on the deck overlooking a fenced backyard. Conveniently located near Chenal Parkway, shopping, dining, and schools. A solid home with great space and potential—schedule your showing today!

Key facts

• Formal living rooms
• Wet bar
• Kitchen pantry

Tags

• 2 STORY HOME
• MULTIPLE LIVING AREAS
• KITCHEN PANTRY
• BUILT ON SITE FIREPLACE
• WET BAR
• FORMAL LIVING ROOMS

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $135 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (7.1% below list).
• Recommended offer: $228k (7.1% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.1% in Little Rock — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#22 in AR) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F.
• Little Rock School District (urban): math 23% / reading 26% proficiency, ranked #183 of 238 in AR (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 87 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($83k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Pulaski County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $190k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,601 (7.1% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.36%
• DSCR: 1.11
• GRM: 9.0

CMA / ARV

• ARV (median comp): $265,867
• List price: $245,000
• Delta: -7.85%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 Kanis Ridge Dr	0.28mi	4/2.5	2,340 (+2%)	2mo	$459,500	$196	82
14014 Sweet Bay Dr	0.17mi	4/2.5	2,118 (-8%)	1mo	$333,000	$157	79
10 St. Thomas Ct	0.67mi	4/2.5	2,364 (+3%)	3mo	$400,000	$169	61
14707 Woodcreek Dr	0.36mi	3/2.0 (-1)	2,114 (-8%)	3mo	$307,500	$145	60
400 Lasalle Dr	0.55mi	3/2.5 (-1)	2,241 (-2%)	6mo	$352,000	$157	60
14620 Chambery Dr	0.62mi	3/2.0 (-1)	2,392 (+4%)	2mo	$370,000	$155	56
79 Saint Thomas Ct	0.70mi	3/2.5 (-1)	2,361 (+3%)	7mo	$350,000	$148	52
14710 Woodcreek Dr	0.33mi	3/2.0 (-1)	2,608 (+14%)	5mo	$350,000	$134	51
414 Parliament St	0.59mi	3/2.0 (-1)	2,115 (-8%)	2mo	$374,900	$177	51
710 Edgewood Cir	0.63mi	4/2.0	2,090 (-9%)	8mo	$449,000	$215	47
226 Edgewood Cir	0.64mi	3/2.0 (-1)	2,050 (-11%)	8mo	$441,150	$215	39
707 Parliament St	0.73mi	3/2.5 (-1)	2,620 (+14%)	4mo	$385,000	$147	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.48% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.63×
• Total profit: $-25,271
• Equity at exit: $36,530

10-year hold

• IRR: 2.6%
• Equity multiple: 1.21×
• Total profit: $14,251
• Equity at exit: $21,183

Cash invested: $68,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 92 Strongly Landlord-Friendly
• State Arkansas: 92 Strongly Landlord-Friendly · R+14
• County: — inherits STATE
• City: — inherits STATE

Only US state where non-payment is criminal. Strongly landlord-favorable; very few tenant protections.

Methodology + full state rankings →

ZIP-level market 72211

• Rents YoY: 5.5%
• Active inventory: 87
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,276 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$250 /mo · $3,003/yr
• Insurance: −$102
• HOA: −$26
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $135

Break-even live

Break-even rent $2,105

Max offer price $245,000

Occupancy floor 89%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 Edgewood Cir Little Rock, AR	3.0	2.0	1650	$2,600	$1.58	44d	1	0.60mi
13025 Lorena Ave Little Rock, AR	4.0	2.0	1800	$1,625	$0.90	44d	1	0.86mi
15319 Hartford St Little Rock, AR	3.0	2.0	1976	$2,100	$1.06	44d	1	0.90mi
311 Gamble Rd Little Rock, AR	4.0	2.0	1682	$3,200	$1.90	23d	1	0.92mi
13717 Napoleon Rd Little Rock, AR	3.0	2.0	1900	$2,650	$1.39	14d	1	0.96mi
46 Morrison Ct Little Rock, AR	3.0	2.5	1800	$2,200	$1.22	21d	1	1.26mi
220 Copper Way Little Rock, AR	3.0	2.0	2035	$3,500	$1.72	44d	1	1.49mi

HOA detail

• Monthly dues: $26 · $312/yr
• Likely covers: gas

Listing history 24 events

1. 2026-06-10
   status $245,000 Under Contract 69 DOM
2. 2026-06-09
   days on market $245,000 Active 69 DOM
3. 2026-06-08
   days on market $245,000 Active 68 DOM
4. 2026-06-05
   days on market $245,000 Active 64 DOM
5. 2026-06-03
   days on market $245,000 Active 63 DOM
6. 2026-06-02
   days on market $245,000 Active 62 DOM
7. 2026-06-01
   days on market $245,000 Active 61 DOM
8. 2026-05-31
   days on market $245,000 Active 60 DOM
9. 2026-05-31
   days on market $245,000 Active 59 DOM
10. 2026-04-01
    listed $245,000 New Listing 778-char remark

    Show marketing remark (778 chars)

    Spacious 2-story home located in desirable West Little Rock! Offering approximately 2,280 sq ft, this 4-bedroom, 2½-bath home features multiple living and dining areas providing flexibility for everyday living and entertaining. The kitchen includes a pantry, ample cabinetry, and the refrigerator conveys, and opens to the family room with a built-on-site fireplace with gas starter and wet bar. Formal living and dining rooms add additional gathering space. All bedrooms are located upstairs, including a generously sized primary suite with private bath. Enjoy outdoor living on the deck overlooking a fenced backyard. Conveniently located near Chenal Parkway, shopping, dining, and schools. A solid home with great space and potential—schedule your showing today!

11. 2018-04-17
    status Under Contract 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

12. 2018-04-02
    soldstatus $190,000
13. 2018-03-29
    soldstatus $190,000 Sold 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

14. 2018-03-10
    historical Take Backups 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

15. 2018-02-28
    status Back on Market 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

16. 2018-02-22
    status Under Contract 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

17. 2018-01-27
    historical Take Backups 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

18. 2018-01-18
    listed $187,000 New Listing 529-char remark

    Show marketing remark (529 chars)

    Great updated 2 story offering spacious rooms, newer carpet, new entry flooring, new kitchen flooring; granite in the kitchen, a pantry, stainless Electralux gas range; French door Maytag refrigerator, Maytag dishwasher; Formal dining room & Living room with custom 2" blinds; den with site built fireplace, bar area & french doors to deck. Upstairs are 4 bedrooms; the master suite boasts an updated bath with vessel bowl sink & tiled walk-in shower with body sprays. Roof 2015, Tankless Hot water heater;

19. 2014-10-21
    soldstatus $171,000
20. 2014-10-16
    soldstatus $171,000
21. 2014-10-08
    historical
22. 2014-09-17
    listed $187,000
23. 2014-09-10
    historical
24. 2014-06-15
    listed $187,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AR · Resets to sale price

• Current annual tax: $3,003 · $250/mo
• Projected year-2 tax: $3,003 · $250/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,312
• − Mortgage interest: −$13,724
• − Property taxes: −$3,003
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,185
• − Management: −$2,185
• − HOA: −$312
• − Depreciation: −$7,127
• Taxable loss: −$2,449
• Est. tax savings @ 24.0%: +$588
• After-tax cash flow: $2,207/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Little Rock School District
• NCES district ID: 0509000
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $43,346
• Composite: 21.0/100
• National rank: #8457
• State rank: #183 of 238 in AR

Livability — Little Rock

• Score: 73/100
• State rank: #22
• US rank: #5295

Category grades

Amenities C+ Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Little Rock, AR
• County: Pulaski County · 372,764 people
• City population: 218,896
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 22,335
• Household income: $83,134
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 1062.0

Population outlook (Pulaski County) Hauer SSP2

• Today (2025): 415,378 people
• By 2030: 423,720 · +2.0%
• By 2040: 435,182 · +4.8%
• By 2050: 440,904 · +6.1%
• By 2075: 445,521 · +7.3%
• By 2100: 419,173 · +0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 19% Asian 8% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 13% · Canada, China, South Korea
• Languages at home: 85% English-only · Spanish 4% Chinese 3% Other Indo-European 3%

Political lean MEDSL · Pulaski

• 2024 margin: Strong D (+22.1) · D 59.8% · R 37.7% · Other 2.5%
• 2008→2024 swing: +10.6pp toward D · 2008: 11.6pp · 2024: 22.1pp
• All cycles: 2024: D+22.1 2020: D+22.5 2016: D+17.9 2012: D+11.4 2008: D+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.88%
• Current HPI: 186.3947
• Rent YoY: ▲ 5.48%
• Metro: Little Rock-North Little Rock-Conway, AR
• State GDP YoY: ▲ 3.80%
• F500 in state: 10

Industry mix (Fortune 500 HQ in AR)

Industry	F500 HQs	Revenue
▸Retail	1	$681B
▸Food / Agriculture	1	$53B
▸Retail / Energy	1	$22B
▸Transportation / Logistics	1	$12B
▸Energy	1	$4B

Price history

+31.0% since first listed

15 events — show timeline

• 2026-04-01 Listed $245,000 CARMLS
• 2018-04-17 Pending — CARMLS
• 2018-04-02 Sold (Public Records) $190,000 Public Records
• 2018-03-29 Sold (MLS) $190,000 CARMLS
• 2018-03-10 Contingent — CARMLS
• 2018-02-28 Relisted — CARMLS
• 2018-02-22 Pending — CARMLS
• 2018-01-27 Contingent — CARMLS
• 2018-01-18 Listed $187,000 CARMLS
• 2014-10-21 Sold (Public Records) $171,000 Public Records
• 2014-10-16 Sold (MLS) $171,000 CARMLS
• 2014-10-08 Listing Removed — CARMLS
• 2014-09-17 Listed $187,000 CARMLS
• 2014-09-10 Listing Removed — CARMLS
• 2014-06-15 Listed $187,000 CARMLS

Property tax history

+2.2%/yr

Latest (2025): $3,003 · +4.7% YoY. Source: county tax records.