1214 W 48th St · North Little Rock, AR 72118

$75,440

3 bd · 2.0 ba · 1,716 sqft · SingleFamily public records · 415 Days on market

Built 2003 7,405 sqft lot $44/sqft · 49% below area Est $149k · 49% under ↓ 45% since listing

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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 +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

Key facts

• 7,405 sq ft lot
• Built 2003
• Listed 415 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $431 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 5.0% in North 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 (#24 in AR) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, employment D-.
• N. Little Rock School District (urban): math 21% / reading 26% proficiency, ranked #191 of 238 in AR (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Amboy Elementary School (math 17% / reading 17%, grade F, #398 of 454 statewide, top 89%, 482 students, 100% FRL); Lakewood Middle School (math 23% / reading 32%, grade F, #155 of 201 statewide, top 77%, 1,115 students, 100% FRL); North Little Rock High School (math 12% / reading 26%, grade F, #248 of 292 statewide, top 86%, 1,949 students, 100% FRL) — zoned schools average 100% FRL vs 66% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.5%/yr); 106 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $522 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 415 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,387 (12.0% below list)

Questions for the listing agent

1. It's been on market 415 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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.
7. 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.
8. 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: 1.63% ✓
• Cap rate: 13.15%
• Cash-on-cash: 24.50%
• DSCR: 2.09
• GRM: 5.1

CMA / ARV

• ARV (median comp): $148,674
• List price: $75,440
• Delta: -49.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1920 Broken Arrow Dr	0.52mi	3/1.5	1,763 (+3%)	3mo	$115,000	$65	66
909 W 50th St	0.26mi	4/2.5 (+1)	1,558 (-9%)	2mo	$196,000	$126	64
1919 Arrowhead Rd	0.46mi	2/2.0 (-1)	1,620 (-6%)	2mo	$95,000	$59	63
4408 Maple St	0.73mi	3/2.0	1,728 (+1%)	2mo	$90,000	$52	63
5504 Allen St	0.66mi	3/2.0	1,654 (-4%)	2mo	$262,000	$158	62
5603 Dublin Ave	0.64mi	3/2.5	1,835 (+7%)	1mo	$209,900	$114	56
5431 Chauvin Dr	0.56mi	3/1.5	1,540 (-10%)	0mo	$96,000	$62	55
4001 Orange St	0.74mi	4/1.5 (+1)	1,735 (+1%)	3mo	$160,000	$92	54
901 W 58th St	0.73mi	4/1.5 (+1)	1,688 (-2%)	6mo	$163,400	$97	52
5023 Camp Robinson Rd	0.72mi	3/1.0	1,576 (-8%)	1mo	$97,000	$62	48
5709 Shamrock Dr	0.74mi	3/3.0	1,819 (+6%)	7mo	$180,000	$99	45
4704 Massie St	0.68mi	4/2.0 (+1)	1,482 (-14%)	8mo	$92,000	$62	33

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 · 5.47% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 1.87×
• Total profit: $18,401
• Equity at exit: $11,248

10-year hold

• IRR: 30.5%
• Equity multiple: 4.08×
• Total profit: $65,003
• Equity at exit: $6,523

Cash invested: $21,123 (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 72118

• Home prices YoY: -17.9%
• Rents YoY: 5.5%
• Active inventory: 106
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,227 high
• Mortgage (P&I): −$396
• Tax from tax record: −$111 /mo · $1,331/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $431

Break-even live

Break-even rent $681

Max offer price $75,440

Occupancy floor 60%

Sensitivity live

Price	-10% $474	-5% $453	+0% $431	+5% $410	+10% $389
Rent	-10% $334	-5% $383	+0% $431	+5% $480	+10% $528
Rate	-1.0pp $469	-0.5pp $451	base $431	+0.5pp $412	+1.0pp $392

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: $18,860
• Closing costs: $2,263
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4116 Moss St North Little Rock, AR	2.0	1.0	1139	$850	$0.75	25d	1	0.38mi
5219 Pike Ave North Little Rock, AR	3.0	1.0	1189	$1,195	$1.01	25d	1	0.39mi
5423 Pike Ave North Little Rock, AR	3.0	2.0	1296	$1,100	$0.85	25d	1	0.48mi
1940 Arrowhead Rd North Little Rock, AR	4.0	1.5	1136	$1,400	$1.23	22d	1	0.51mi
407 W 51st St North Little Rock, AR	3.0	2.0	1368	$1,300	$0.95	45d	1	0.54mi
407 Rock St North Little Rock, AR	3.0	1.0	1236	$1,395	$1.13	45d	1	0.61mi
4017 Mellene Dr North Little Rock, AR	3.0	1.0	1094	$1,150	$1.05	45d	1	0.66mi
5612 Crescent Dr North Little Rock, AR	3.0	2.0	1275	$1,150	$0.90	20d	1	0.71mi
5804 Foxboro Dr North Little Rock, AR	3.0	2.0	1071	$1,200	$1.12	25d	1	0.72mi
109 Farmere Cir North Little Rock, AR	3.0	1.0	1051	$1,190	$1.13	45d	1	0.76mi
3619 Sycamore St Unit B North Little Rock, AR	3.0	2.0	1220	$975	$0.80	16d	1	0.83mi
4423 West Dr North Little Rock, AR	3.0	1.0	1322	$1,400	$1.06	22d	1	0.86mi
5413 N Main St North Little Rock, AR	3.0	1.0	1107	$1,075	$0.97	45d	1	0.89mi
5 Foxboro Ct North Little Rock, AR	3.0	2.0	1270	$1,350	$1.06	45d	1	0.89mi
2214 Coors Dr North Little Rock, AR	3.0	2.0	1096	$1,050	$0.96	25d	1	0.91mi
119 Texas Ave North Little Rock, AR	3.0	1.5	1550	$1,425	$0.92	45d	1	1.01mi
325 W I Ave North Little Rock, AR	2.0	1.0	1100	$1,300	$1.18	16d	1	1.05mi
407 W 33rd St North Little Rock, AR	3.0	2.0	1472	$1,025	$0.70	45d	1	1.06mi
4612 N Cypress St North Little Rock, AR	3.0	2.0	1636	$1,450	$0.89	45d	1	1.08mi
5 Cliffwood Cir North Little Rock, AR	3.0	2.0	1662	$1,195	$0.72	25d	1	1.12mi
5705 Sorenson St Unit B North Little Rock, AR	2.0	1.5	1050	$700	$0.67	16d	1	1.14mi
5732 Camp Robinson Rd Unit 4 North Little Rock, AR	2.0	1.5	1100	$800	$0.73	45d	1	1.15mi
4700 N Locust St North Little Rock, AR	3.0	2.0	1549	$1,450	$0.94	20d	1	1.15mi
5732 Camp Robinson Rd Apt 5 North Little Rock, AR	2.0	1.5	1100	$775	$0.70	45d	1	1.16mi
114 Rim Rock Pl Unit D North Little Rock, AR	2.0	1.5	1100	$795	$0.72	45d	1	1.18mi
5712 Sorenson St North Little Rock, AR	2.0	1.5	1116	$775	$0.69	22d	1	1.20mi
5703 Del Prado St North Little Rock, AR	3.0	1.5	1050	$1,395	$1.33	25d	1	1.24mi
1 Oakview Dr North Little Rock, AR	4.0	1.0	1196	$1,275	$1.07	45d	1	1.24mi
1009 W Scenic Dr North Little Rock, AR	2.0	1.5	1050	$1,100	$1.05	45d	1	1.25mi
5109 N Cedar St North Little Rock, AR	4.0	2.0	2185	$1,595	$0.73	45d	1	1.33mi
508 Westfield Dr North Little Rock, AR	4.0	2.0	1434	$1,595	$1.11	22d	1	1.44mi
5501 N Walnut Rd North Little Rock, AR	3.0	2.0	1669	$1,450	$0.87	45d	1	1.46mi
3815 Idlewild Ave North Little Rock, AR	3.0	2.5	1925	$1,681	$0.87	25d	1	1.49mi
2316 Parker St North Little Rock, AR	4.0	1.0	1146	$1,195	$1.04	25d	1	1.49mi

Listing history 24 events

1. 2026-06-21
   days on market $75,440 Active 415 DOM
2. 2026-06-18
   days on market $75,440 Active 412 DOM
3. 2026-06-17
   days on market $75,440 Active 411 DOM
4. 2026-06-16
   days on market $75,440 Active 410 DOM
5. 2026-06-15
   days on market $75,440 Active 409 DOM
6. 2026-06-14
   days on market $75,440 Active 407 DOM
7. 2026-06-13
   days on market $75,440 Active 406 DOM
8. 2026-06-10
   days on market $75,440 Active 404 DOM
9. 2026-06-09
   days on market $75,440 Active 403 DOM
10. 2026-06-08
    days on market $75,440 Active 402 DOM
11. 2026-06-07
    days on market $75,440 Active 401 DOM
12. 2026-06-05
    days on market $75,440 Active 398 DOM
13. 2026-06-03
    days on market $75,440 Active 397 DOM
14. 2026-06-02
    days on market $75,440 Active 396 DOM
15. 2026-06-01
    days on market $75,440 Active 395 DOM
16. 2026-05-31
    days on market $75,440 Active 394 DOM
17. 2026-05-31
    days on market $75,440 Active 393 DOM
18. 2026-01-27
    price $75,440 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

19. 2025-10-29
    price $82,000 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

20. 2025-09-28
    price $92,000 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

21. 2025-08-28
    price $102,000 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

22. 2025-07-29
    price $112,500 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

23. 2025-06-17
    price $125,000 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

24. 2025-05-01
    listed $138,000 New Listing 681-char remark

    Show marketing remark (681 chars)

    Property is being marketed as occupied via online auction- Property being sold as is, no disclosures. All offers must have ARA contract, Earnest money addenda, cash offers must have POF showing buyer name, bank name and balance dated within last 20 days. (no phone copies or internet banking copies. Offer worksheet(docs online) to [email protected] This property is now under auction terms. All bids must be submitted during the auction via the property's listing page at www. servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction terms & conditions. All bids subject to seller approval (minimums may apply).

ⓘ 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: $1,331 · $111/mo
• Projected year-2 tax: $1,331 · $111/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 ≥110°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,723
• − Mortgage interest: −$4,226
• − Property taxes: −$1,331
• − Insurance: −$377
• − Repairs & maintenance: −$1,178
• − Management: −$1,178
• − Depreciation: −$2,195
• Taxable income: $4,239
• Est. tax owed @ 24.0%: −$1,017
• After-tax cash flow: $4,159/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: N. Little Rock School District
• NCES district ID: 0510680
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $38,325
• Composite: 19.69/100
• National rank: #8728
• State rank: #191 of 238 in AR

Livability — North Little Rock

• Score: 73/100
• State rank: #24
• US rank: #5452

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Little Rock, AR
• County: Pulaski County · 372,764 people
• City population: 55,470
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 22,913
• Household income: $49,559
• Rent vs Own: 48.8% rent · 51.2% own
• Severe rent burden: 1149.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 42% White 42% Hispanic / Latino 11% Two or more races 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 10%

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: ▼ -39.32%
• Current HPI: 180.6901
• Rent YoY: ▲ 5.47%
• 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

-45.3% since first listed

7 events — show timeline

• 2026-01-27 Price Changed $75,440 CARMLS
• 2025-10-29 Price Changed $82,000 CARMLS
• 2025-09-28 Price Changed $92,000 CARMLS
• 2025-08-28 Price Changed $102,000 CARMLS
• 2025-07-29 Price Changed $112,500 CARMLS
• 2025-06-17 Price Changed $125,000 CARMLS
• 2025-05-01 Listed $138,000 CARMLS

Property tax history

+1.3%/yr

Latest (2025): $1,331 · +31.8% YoY. Source: county tax records.