2121 S Fillmore St · Little Rock, AR 72204

$110,000

3 bd · 1.0 ba · 1,274 sqft · SingleFamily public records · 64 Days on market

Built 1955 6,098 sqft lot $86/sqft · 23% below area Est $143k · 23% 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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.1/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey investment opportunity in Little Rock! This tenant-occupied 3-bedroom, 2-bath home at 2121 S. Fillmore St offers 1,274 sq. ft. and immediate cash flow with current rent at $1,175/month. Lease in place through January 2027 provides stable rental income for your investor buyer. Conveniently located near schools, shopping, and major roadways, this property is a great addition to any rental portfolio with long-term income potential. Please do not disturb tenant. Showings by appointment only. Sold AS-IS. Photos shown are from the previous sale prior to tenant occupancy.

Key facts

• Tenant occupied
• Stable rental income
• Conveniently located

Tags

• INVESTMENT OPPORTUNITY
• TENANT OCCUPIED
• STABLE RENTAL INCOME
• LONG TERM INCOME POTENTIAL
• CONVENIENTLY LOCATED
• DETACHED

🏷️ Possibly a rental listed for sale. The $110,000 price doesn't fit this home's estimated sale value (~$143,465) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $242 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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 (+4.9%/yr); 190 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($41k/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 $761 of loan paydown is wiped out by about $3k 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 + 4.9% rent growth), your $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y ago; this cycle's ask has dropped $35k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.11% ✓
• Cap rate: 8.94%
• Cash-on-cash: 9.44%
• DSCR: 1.42
• GRM: 7.5

CMA / ARV

• ARV (median comp): $143,465
• List price: $110,000
• Delta: -23.33%
• 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
2923 Fair Park Blvd	0.51mi	3/1.0	1,287 (+1%)	2mo	$149,000	$116	73
32 Rosemont Dr	0.45mi	3/2.0	1,292 (+1%)	2mo	$135,500	$105	71
6217 Boyle Park Rd	0.55mi	3/2.0	1,290 (+1%)	2mo	$154,000	$119	67
1516 S Harrison St	0.47mi	3/2.0	1,212 (-5%)	1mo	$145,000	$120	65
68 Broadmoor Dr	0.61mi	3/1.0	1,215 (-5%)	2mo	$76,500	$63	62
52 Glenmere Dr	0.67mi	3/1.0	1,322 (+4%)	2mo	$175,000	$132	61
70 Berkshire Dr	0.33mi	3/1.5	1,107 (-13%)	3mo	$115,000	$104	58
5 Roane Cir	0.72mi	3/2.0	1,254 (-2%)	2mo	$100,000	$80	58
1418 S Harrison St	0.49mi	3/1.5	1,161 (-9%)	3mo	$112,000	$96	58
23 Point O Woods Dr	0.41mi	3/1.5	1,126 (-12%)	3mo	$108,000	$96	57
1215 Look St	0.61mi	3/1.0	1,144 (-10%)	3mo	$94,000	$82	52
1608 Green Meadow Dr	0.60mi	2/2.0 (-1)	1,390 (+9%)	2mo	$85,000	$61	46

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-10
• Equity at exit: $16,401

10-year hold

• IRR: 11.5%
• Equity multiple: 1.98×
• Total profit: $30,037
• Equity at exit: $9,511

Cash invested: $30,800 (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 72204

• Home prices YoY: -21.5%
• Rents YoY: 4.9%
• Active inventory: 190
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,221 high
• Mortgage (P&I): −$577
• Tax from tax record: −$99 /mo · $1,192/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $242

Break-even live

Break-even rent $914

Max offer price $110,000

Occupancy floor 75%

Sensitivity live

Price	-10% $305	-5% $273	+0% $242	+5% $211	+10% $180
Rent	-10% $146	-5% $194	+0% $242	+5% $290	+10% $339
Rate	-1.0pp $298	-0.5pp $270	base $242	+0.5pp $214	+1.0pp $185

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1809 S Buchanan St Little Rock, AR	2.0	1.0	974	$850	$0.87	22d	1	0.26mi
1914 S Van Buren St Little Rock, AR	3.0	1.5	1318	$995	$0.75	24d	1	0.33mi
1701 Fair Park Blvd Little Rock, AR	2.0	1.0	1170	$1,050	$0.90	45d	1	0.34mi
2609 S Tyler St Little Rock, AR	3.0	2.0	1200	$1,040	$0.87	45d	1	0.36mi
58 Berkshire Dr Little Rock, AR	3.0	1.5	1304	$1,250	$0.96	24d	1	0.39mi
3000 S Tyler St Little Rock, AR	3.0	1.5	1258	$1,250	$0.99	24d	1	0.53mi
32 Barbara Dr Little Rock, AR	3.0	2.0	1201	$1,195	$1.00	24d	1	0.56mi
9 Barbara Dr Little Rock, AR	3.0	1.0	1035	$1,295	$1.25	22d	1	0.57mi
1720 Pinewood Dr Little Rock, AR	3.0	2.0	1382	$1,180	$0.85	45d	1	0.61mi
107 Broadmoor Dr Little Rock, AR	3.0	1.0	1202	$1,025	$0.85	45d	1	0.62mi
1511 S Cleveland St Little Rock, AR	3.0	2.0	1200	$1,295	$1.08	24d	1	0.63mi
4721 W 16th St Little Rock, AR	4.0	1.0	1100	$1,195	$1.09	24d	1	0.64mi
99 Broadmoor Dr Little Rock, AR	3.0	1.5	1224	$1,195	$0.98	45d	1	0.64mi
46 Glenmere Dr Little Rock, AR	3.0	1.0	1080	$1,150	$1.06	45d	1	0.66mi
4816 W 30th St Little Rock, AR	2.0	1.0	1217	$1,150	$0.94	20d	1	0.69mi
5005 W 31st St Little Rock, AR	3.0	2.0	1240	$1,215	$0.98	45d	1	0.70mi
1320 Adams St Little Rock, AR	3.0	1.0	1026	$1,025	$1.00	45d	1	0.83mi
3107 Alameda Dr Little Rock, AR	3.0	1.0	1042	$1,250	$1.20	45d	1	0.85mi
4304 W 22nd St Little Rock, AR	2.0	1.0	896	$895	$1.00	45d	1	0.85mi
901 S Harrison St Little Rock, AR	2.0	1.0	1000	$980	$0.98	20d	1	0.86mi
4319 W 17th St Little Rock, AR	2.0	1.0	957	$950	$0.99	45d	1	0.88mi
2701 Abigail St Little Rock, AR	3.0	1.0	1098	$1,195	$1.09	24d	1	0.95mi
4314 W 14th St Little Rock, AR	4.0	2.0	1223	$1,495	$1.22	24d	1	0.98mi
4022 W 25th St Little Rock, AR	3.0	1.0	1674	$1,025	$0.61	45d	1	1.03mi
10 Talmage Dr Little Rock, AR	3.0	2.0	1805	$1,500	$0.83	22d	1	1.07mi
4104 W 15th St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	45d	1	1.08mi
6408 Blue Bird Dr Unit A Little Rock, AR	2.0	1.0	1025	$1,000	$0.98	45d	1	1.11mi
607 Chickadee Dr Unit 2 Little Rock, AR	2.0	1.5	1000	$995	$0.99	24d	1	1.16mi
517 Chickadee Dr Unit A Little Rock, AR	2.0	1.5	1100	$1,400	$1.27	45d	1	1.19mi
517 Chickadee Dr Unit F Little Rock, AR	2.0	1.5	1100	$1,100	$1.00	20d	1	1.19mi
2305 S Oak St Little Rock, AR	4.0	2.0	1223	$1,525	$1.25	45d	1	1.20mi
2421 S Oak St Little Rock, AR	3.0	1.0	1092	$950	$0.87	22d	1	1.21mi
2105 S Valentine St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	15d	1	1.33mi
3715 W 13th St Little Rock, AR	2.0	1.0	1176	$900	$0.77	45d	1	1.33mi
2221 Dorchester Dr Little Rock, AR	4.0	2.0	1660	$1,595	$0.96	45d	1	1.34mi
1500 Parham Pointe Dr Little Rock, AR	1.0–2.0	1.0–2.0	941	$1,300	$1.38	20d	5	1.35mi
2100 Valmar St Little Rock, AR	2.0	1.0	1219	$1,200	$0.98	24d	1	1.36mi
7204 Marguerite Ln Little Rock, AR	3.0	1.5	1192	$1,455	$1.22	45d	1	1.40mi
13 Gregory Ln Little Rock, AR	4.0	2.0	1784	$1,650	$0.92	20d	1	1.42mi
2220 S Martin St Little Rock, AR	2.0	1.0	1143	$900	$0.79	24d	1	1.43mi

Listing history 37 events

1. 2026-06-21
   days on market $110,000 Active 64 DOM
2. 2026-06-18
   days on market $110,000 Active 61 DOM
3. 2026-06-17
   days on market $110,000 Active 60 DOM
4. 2026-06-16
   days on market $110,000 Active 59 DOM
5. 2026-06-15
   days on market $110,000 Active 58 DOM
6. 2026-06-14
   statusdays on market $110,000 Active 56 DOM
7. 2026-06-13
   days on market $110,000 Price Change 55 DOM
8. 2026-06-10
   days on market $110,000 Price Change 53 DOM
9. 2026-06-09
   days on market $110,000 Price Change 52 DOM
10. 2026-06-08
    pricestatusdays on market $110,000 Price Change 51 DOM
11. 2026-06-05
    days on market $135,000 Active 47 DOM
12. 2026-06-03
    days on market $135,000 Active 46 DOM
13. 2026-06-02
    days on market $135,000 Active 45 DOM
14. 2026-06-01
    days on market $135,000 Active 44 DOM
15. 2026-05-31
    days on market $135,000 Active 43 DOM
16. 2026-05-31
    days on market $135,000 Active 42 DOM
17. 2026-05-14
    price $135,000 579-char remark

    Show marketing remark (579 chars)

    Turnkey investment opportunity in Little Rock! This tenant-occupied 3-bedroom, 2-bath home at 2121 S. Fillmore St offers 1,274 sq. ft. and immediate cash flow with current rent at $1,175/month. Lease in place through January 2027 provides stable rental income for your investor buyer. Conveniently located near schools, shopping, and major roadways, this property is a great addition to any rental portfolio with long-term income potential. Please do not disturb tenant. Showings by appointment only. Sold AS-IS. Photos shown are from the previous sale prior to tenant occupancy.

18. 2026-04-18
    listed $145,000 New Listing 579-char remark

    Show marketing remark (579 chars)

    Turnkey investment opportunity in Little Rock! This tenant-occupied 3-bedroom, 2-bath home at 2121 S. Fillmore St offers 1,274 sq. ft. and immediate cash flow with current rent at $1,175/month. Lease in place through January 2027 provides stable rental income for your investor buyer. Conveniently located near schools, shopping, and major roadways, this property is a great addition to any rental portfolio with long-term income potential. Please do not disturb tenant. Showings by appointment only. Sold AS-IS. Photos shown are from the previous sale prior to tenant occupancy.

19. 2026-01-16
    historical $1,175
20. 2026-01-12
    listed $1,175
21. 2025-01-04
    historical $1,175
22. 2025-01-01
    listed $1,175
23. 2024-12-27
    historical $1,175
24. 2024-11-28
    price $1,175
25. 2024-11-23
    price $1,250
26. 2024-11-13
    price $1,300
27. 2024-10-31
    status Under Contract 258-char remark

    Show marketing remark (258 chars)

    Nicely updated turn-key property for sale. Renovated in 2021. Three bedrooms and two baths. Selling $40,000 below market value, making this an excellent purchase for an investor or a future home owner. Take advantage of this great price before it's too late!

28. 2024-10-25
    soldstatus $96,500 Sold 258-char remark

    Show marketing remark (258 chars)

    Nicely updated turn-key property for sale. Renovated in 2021. Three bedrooms and two baths. Selling $40,000 below market value, making this an excellent purchase for an investor or a future home owner. Take advantage of this great price before it's too late!

29. 2024-10-11
    listed $1,400
30. 2024-09-23
    historical Take Backups 258-char remark

    Show marketing remark (258 chars)

    Nicely updated turn-key property for sale. Renovated in 2021. Three bedrooms and two baths. Selling $40,000 below market value, making this an excellent purchase for an investor or a future home owner. Take advantage of this great price before it's too late!

31. 2024-09-17
    listed $100,000 New Listing 258-char remark

    Show marketing remark (258 chars)

    Nicely updated turn-key property for sale. Renovated in 2021. Three bedrooms and two baths. Selling $40,000 below market value, making this an excellent purchase for an investor or a future home owner. Take advantage of this great price before it's too late!

32. 2021-07-22
    soldstatus $89,900
33. 2020-10-09
    soldstatus $47,000
34. 2020-05-27
    soldstatus $30,100 Sold
35. 2020-05-21
    status Under Contract
36. 2020-05-09
    price $34,900
37. 2020-04-21
    listed $39,900 New Listing

ⓘ 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: $1,192 · $99/mo
• Projected year-2 tax: $1,192 · $99/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $14,647
• − Mortgage interest: −$6,162
• − Property taxes: −$1,192
• − Insurance: −$550
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$3,200
• Taxable income: $1,200
• Est. tax owed @ 24.0%: −$288
• After-tax cash flow: $2,619/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): 30,525
• Household income: $40,882
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1553.0

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: Predominantly Black (66%)
• Race & ethnicity: Black 66% White 18% Hispanic / Latino 12% Two or more races 6%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

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: ▼ -47.17%
• Current HPI: 172.3977
• Rent YoY: ▲ 4.91%
• 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

+238.3% since first listed

21 events — show timeline

• 2026-05-14 Price Changed $135,000 CARMLS
• 2026-04-18 Listed $145,000 CARMLS
• 2026-01-16 Rental Removed $1,175 APPFOLIO
• 2026-01-12 Listed for Rent $1,175 APPFOLIO
• 2025-01-04 Rental Removed $1,175 APPFOLIO
• 2025-01-01 Listed for Rent $1,175 APPFOLIO
• 2024-12-27 Rental Removed $1,175 CARMLS
• 2024-11-28 Price Changed $1,175 CARMLS
• 2024-11-23 Price Changed $1,250 CARMLS
• 2024-11-13 Price Changed $1,300 CARMLS
• 2024-10-31 Pending — CARMLS
• 2024-10-25 Sold (MLS) $96,500 CARMLS
• 2024-10-11 Listed for Rent $1,400 CARMLS
• 2024-09-23 Contingent — CARMLS
• 2024-09-17 Listed $100,000 CARMLS
• 2021-07-22 Sold (Public Records) $89,900 Public Records
• 2020-10-09 Sold (Public Records) $47,000 Public Records
• 2020-05-27 Sold (MLS) $30,100 CARMLS
• 2020-05-21 Pending — CARMLS
• 2020-05-09 Price Changed $34,900 CARMLS
• 2020-04-21 Listed $39,900 CARMLS

Property tax history

+4.6%/yr

Latest (2025): $1,192 · +0.0% YoY. Source: county tax records.