823 Burke Ave · Jonesboro, AR 72401

$68,000

2 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 133 Days on market

2,613 sqft lot Est $110k · 38% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.4/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

Key facts

• Large front porch
• Craftsman-style home
• New water heater

Tags

• CRAFTSMAN-STYLE HOME
• LARGE FRONT PORCH
• HIGHLY ACCESSIBLE LOCATION
• NEW ROOF
• NEW WATER HEATER
• DETACHED

Property features AI

Finance

• Other: Approximate lot size 0.06 acre (per tax records); Approximate living area 1,020 (per tax records); Located in the Nisbetts subdivision, Craighead County
• Financial info: Accepts conventional loans, cash, and in-house financing

Exterior

• Parking: Parking pad for 1 car
• Utilities: Public sewer; Public water; Municipal electric service (Entergy)
• Home design: Metal/vinyl siding; Inside city limits; Level lot in a subdivision
• Construction: 3-tab shingle roof; Crawl space foundation
• Exterior features: Screened porch; Storm cellar; Paved road access

Interior

• Kitchen: Free-standing stove; Refrigerator stays
• Bedrooms: Bonus room; Laundry (listed as a room)
• Flooring: Laminate floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Washer connection; Electric dryer connection; Electric water heater
• Laundry & utility: Washer connection; Electric dryer connection

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $60k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 4.4% in Jonesboro — 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 65/100 on livability (#145 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Jonesboro School District (urban): math 28% / reading 28% proficiency, ranked #169 of 238 in AR (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: The Academies At Jonesboro High School (math 16% / reading 27%, grade F, #225 of 292 statewide, top 78%, 1,386 students, 100% FRL) — zoned schools average 100% FRL vs 67% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.6%/yr); 295 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 926 units permitted in Craighead County in 2024 (69 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $470 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Craighead County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $19k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y ago; this cycle's ask has dropped $22k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
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: 1.58% ✓
• Cap rate: 13.92%
• Cash-on-cash: 27.23%
• DSCR: 2.21
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $110,160
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
809 W Monroe Ave W	0.18mi	2/2.0	1,094 (+7%)	3mo	$95,000	$87	73
509 S Mcclure St	0.31mi	2/1.0	1,105 (+8%)	5mo	$138,500	$125	68
1012 Walnut St	0.64mi	3/1.0 (+1)	1,044 (+2%)	2mo	$65,000	$62	60
640 Warner Ave	0.48mi	2/1.0	1,092 (+7%)	10mo	$96,500	$88	58
1201 W Washington Ave	0.37mi	3/1.0 (+1)	1,038 (+2%)	21mo	$112,000	$108	57
802 S Culberhouse St S	0.45mi	3/1.5 (+1)	998 (-2%)	16mo	$90,000	$90	55
608 Warner	0.51mi	3/1.5 (+1)	1,024 (+0%)	21mo	$146,000	$143	51
903 W Matthews Ave	0.42mi	3/2.0 (+1)	1,138 (+12%)	4mo	$169,900	$149	48
1411 W Jefferson Ave	0.60mi	3/2.0 (+1)	1,103 (+8%)	1mo	$125,000	$113	48
1005 Chestnut St	0.66mi	3/1.0 (+1)	1,155 (+13%)	1mo	$177,000	$153	41
413 Third St	0.64mi	2/2.0	1,106 (+8%)	15mo	$109,000	$99	40
1223 Olive St	0.75mi	3/1.5 (+1)	1,100 (+8%)	18mo	$106,499	$97	30

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 · 3.64% rent growth · sell at horizon

5-year hold

• IRR: 16.8%
• Equity multiple: 1.68×
• Total profit: $12,985
• Equity at exit: $10,139

10-year hold

• IRR: 25.8%
• Equity multiple: 3.33×
• Total profit: $44,285
• Equity at exit: $5,879

Cash invested: $19,040 (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 72401

• Home prices YoY: -34.2%
• Rents YoY: 3.6%
• Active inventory: 295
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,075 medium
• Mortgage (P&I): −$357
• Tax from tax record: −$33 /mo · $392/yr
• Insurance: −$28
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $366

Break-even live

Break-even rent $613

Max offer price $68,000

Occupancy floor 61%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1751 W Nettleton Ave Jonesboro, AR	2.0–3.0	1.0–1.5	1000	$850	$0.85	43d	1	1.16mi

Listing history 33 events

1. 2026-06-19
   days on market $68,000 Active 133 DOM
2. 2026-06-18
   days on market $68,000 Active 132 DOM
3. 2026-06-17
   days on market $68,000 Active 131 DOM
4. 2026-06-16
   days on market $68,000 Active 130 DOM
5. 2026-06-15
   days on market $68,000 Active 129 DOM
6. 2026-06-14
   days on market $68,000 Active 127 DOM
7. 2026-06-13
   days on market $68,000 Active 126 DOM
8. 2026-06-10
   days on market $68,000 Active 124 DOM
9. 2026-06-09
   days on market $68,000 Active 123 DOM
10. 2026-06-08
    days on market $68,000 Active 122 DOM
11. 2026-06-07
    days on market $68,000 Active 121 DOM
12. 2026-06-05
    days on market $68,000 Active 118 DOM
13. 2026-06-02
    days on market $68,000 Active 116 DOM
14. 2026-06-01
    days on market $68,000 Active 115 DOM
15. 2026-05-31
    days on market $68,000 Active 114 DOM
16. 2026-05-30
    days on market $68,000 Active 113 DOM
17. 2026-04-30
    price $68,000
18. 2026-04-29
    price $68,000 616-char remark

    Show marketing remark (616 chars)

    Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

19. 2026-04-01
    price $79,900

    Show marketing remark (616 chars)

    Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

20. 2026-04-01
    price $79,900 616-char remark

    Show marketing remark (616 chars)

    Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

21. 2026-02-06
    listed $89,900 Active 616-char remark

    Show marketing remark (616 chars)

    Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

22. 2026-02-06
    listed $89,900 New Listing

    Show marketing remark (616 chars)

    Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

23. 2026-02-06
    historical

    Show marketing remark (616 chars)

    Welcome to Market 823 Burke Ave in Jonesboro, AR. This charming single-family Craftsman-style home is located in the Jonesboro School District. This 2-bedroom, 1-bath property offers a spacious living room, durable laminate flooring, and fresh paint throughout. Enjoy relaxing on the large front porch and appreciate the convenience of a highly accessible location. Major updates include a new roof in 2024 and a new water heater in 2025. The home does need a new AC system, making it a great opportunity for buyers to add value. Offering 1,020 sq ft of comfortable living space. Call today to schedule your showing.

24. 2026-01-22
    price $100,000
25. 2025-12-05
    listed $114,900 New Listing
26. 2024-06-24
    historical $850
27. 2024-06-05
    price $850
28. 2024-06-02
    listed $950
29. 2024-04-14
    historical $950
30. 2024-03-23
    listed $950
31. 2023-05-31
    soldstatus $65,000 Closed
32. 2023-04-20
    listed $69,900 Active
33. 2022-07-13
    listed $54,900

ⓘ 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: $392 · $33/mo
• Projected year-2 tax: $435 · $36/mo
• Expected delta: +$43/yr (+$4/mo · 10.9%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X · 76% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,906
• − Mortgage interest: −$3,809
• − Property taxes: −$392
• − Insurance: −$1,138
• − Repairs & maintenance: −$1,032
• − Management: −$1,032
• − Depreciation: −$1,978
• Taxable income: $3,524
• Est. tax owed @ 24.0%: −$846
• After-tax cash flow: $3,541/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: Jonesboro School District
• NCES district ID: 0508280
• Math proficiency: 28% ▼ -9.00%
• Reading proficiency: 28% ▼ -8.00%
• Median HH income: $34,347
• Composite: 23.06/100
• National rank: #7967
• State rank: #169 of 238 in AR

Livability — Jonesboro

• Score: 65/100
• State rank: #145
• US rank: #12692

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jonesboro, AR
• County: Craighead County · 97,185 people
• City population: 91,245
• Metro: Jonesboro, AR
• Population (ZIP): 42,602
• Household income: $45,329
• Rent vs Own: 51.1% rent · 48.9% own
• Severe rent burden: 2606.0

Population outlook (Craighead County) Hauer SSP2

• Today (2025): 122,235 people
• By 2030: 131,338 · +7.4%
• By 2040: 149,862 · +22.6%
• By 2050: 168,034 · +37.5%
• By 2075: 208,094 · +70.2%
• By 2100: 233,251 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 26% Hispanic / Latino 9% Two or more races 7%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Craighead

• 2024 margin: Solid R (+37.4) · D 30.1% · R 67.5% · Other 2.4%
• 2008→2024 swing: -12.9pp toward R · 2008: -24.5pp · 2024: -37.4pp
• All cycles: 2024: R+37.4 2020: R+35.4 2016: R+35.2 2012: R+31.1 2008: R+24.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.25%
• Current HPI: 208.2079
• Rent YoY: ▲ 3.64%
• Metro: Jonesboro, 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

+23.9% since first listed

17 events — show timeline

• 2026-04-30 Price Changed $68,000 CARMLS
• 2026-04-29 Price Changed $68,000 NEABOR MLS
• 2026-04-01 Price Changed $79,900 CARMLS
• 2026-04-01 Price Changed $79,900 NEABOR MLS
• 2026-02-06 Listed $89,900 NEABOR MLS
• 2026-02-06 Listing Removed — CARMLS
• 2026-02-06 Listed $89,900 CARMLS
• 2026-01-22 Price Changed $100,000 CARMLS
• 2025-12-05 Listed $114,900 CARMLS
• 2024-06-24 Rental Removed $850 Avail
• 2024-06-05 Price Changed $850 Avail
• 2024-06-02 Listed for Rent $950 Avail
• 2024-04-14 Rental Removed $950 Avail
• 2024-03-23 Listed for Rent $950 Avail
• 2023-05-31 Sold (MLS) $65,000 NEABOR MLS
• 2023-04-20 Listed $69,900 NEABOR MLS
• 2022-07-13 Listed $54,900 NEABOR MLS

Property tax history

+4.6%/yr

Latest (2025): $392 · +0.0% YoY. Source: county tax records.