3215 Miramar Dr · Pine Bluff, AR 71603

$34,500

2 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 168 Days on market

Built 1934 0.36 ac lot Est $26k · 35% over

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Why this score? — see what drove the C 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

TWO PROPERTIES both single family homes sold as a package. (3215)- 2 bedroom/ 1 bath 1020 sq. ft home remodeled with open concept, nice layout, and dedicated laundry/ office space. It is currently used as an AirBNB but can also be a great rental or primary residence. It can be sold with furnishings and amenities. (3217) is a work in progress. It has been converted to a 4 bedroom/ 2 bath 1344 sq. ft. , plumbing, electrical and ductwork are done. Both homes are to be sold AS-IS. Agents see remarks.

Key facts

• 0.36 acre lot
• Built 1934
• Listed 168 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $34k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($831 rent vs $34k).
• Recommended offer: $30k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.6% vs local median 9.0% in Pine Bluff — 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 50/100 on livability (#483 in AR) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools F, crime F, amenities F.
• Watson Chapel School District (urban): math 10% / reading 12% proficiency, ranked #228 of 238 in AR (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 212 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 62 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $239 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Jefferson County population projected at -33% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 168 days — a 12% lower offer ($30k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y ago; this cycle's ask has dropped $15k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1934 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 168 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1934 — 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. Schools are F-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: 2.41% ✓
• Cap rate: 21.56%
• Cash-on-cash: 54.52%
• DSCR: 3.43
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $25,500
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3307 Rose St	0.29mi	3/1.0 (+1)	1,000 (-2%)	2mo	$18,000	$18	77
1718 S Marsh	0.18mi	3/1.0 (+1)	1,080 (+6%)	10mo	$30,000	$28	69
2803 W 27	0.65mi	2/1.0	980 (-4%)	4mo	$37,000	$38	60
3506 W 12th Ave	0.44mi	3/2.0 (+1)	984 (-4%)	7mo	$25,000	$25	59
3502 Lilac	0.45mi	3/1.0 (+1)	1,073 (+5%)	8mo	$80,000	$75	59
3408 Iris St	0.27mi	3/1.0 (+1)	1,106 (+8%)	21mo	$32,000	$29	51
3308 Jonquil	0.38mi	3/1.0 (+1)	1,075 (+5%)	22mo	$13,636	$13	50
3102 Jonquil	0.37mi	2/1.0	1,144 (+12%)	22mo	$13,636	$12	44
1600 Willow	0.47mi	2/1.0	896 (-12%)	21mo	$15,000	$17	40
1320 S Oleander	0.56mi	3/1.0 (+1)	1,164 (+14%)	24mo	$25,000	$21	26
709 S Birch St	0.71mi	3/2.0 (+1)	1,150 (+13%)	16mo	$31,250	$27	23

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 52.7%
• Equity multiple: 3.31×
• Total profit: $22,361
• Equity at exit: $5,144

10-year hold

• IRR: 58.0%
• Equity multiple: 6.74×
• Total profit: $55,464
• Equity at exit: $2,983

Cash invested: $9,660 (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 71603

• Home prices YoY: -26.0%
• Active inventory: 212
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $831 high
• Mortgage (P&I): −$181
• Tax from tax record: −$22 /mo · $266/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$174
• Net cashflow: $439

Break-even live

Break-even rent $275

Max offer price $34,500

Occupancy floor 42%

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: $8,625
• Closing costs: $1,035
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3109 Daffodil St Pine Bluff, AR	3.0	1.0	980	$825	$0.84	43d	1	0.53mi
2319 W 27th Ave Unit B Pine Bluff, AR	2.0	1.0	907	$795	$0.88	43d	1	0.83mi
1107 S Cypress St Unit 1 Pine Bluff, AR	2.0	1.0	875	$700	$0.80	43d	1	0.92mi
2001 W 28th Ave Pine Bluff, AR	2.0	1.0	729	$750	$1.03	43d	1	1.06mi
1907 W 28th Ave Pine Bluff, AR	3.0	1.5	947	$1,150	$1.21	43d	1	1.08mi
4324 Union Ave Pine Bluff, AR	2.0	1.0	702	$650	$0.93	43d	1	1.42mi

Listing history 23 events

1. 2025-12-29
   status Under Contract
2. 2025-10-16
   price $34,500
3. 2025-09-07
   price $39,900
4. 2025-08-14
   status Back on Market
5. 2025-07-28
   historical Take Backups
6. 2025-07-14
   listed $49,900 New Listing
7. 2025-01-07
   price $35,000
8. 2024-10-01
   historical
9. 2024-07-12
   price $130,000
10. 2024-06-08
    price $40,000
11. 2024-05-28
    price $145,000
12. 2024-04-28
    price $165,000
13. 2024-04-03
    listed $65,000 New Listing
14. 2023-04-13
    soldstatus $94,000 Sold 501-char remark

    Show marketing remark (501 chars)

    TWO PROPERTIES both single family homes sold as a package. (3215)- 2 bedroom/ 1 bath 1020 sq. ft home remodeled with open concept, nice layout, and dedicated laundry/ office space. It is currently used as an AirBNB but can also be a great rental or primary residence. It can be sold with furnishings and amenities. (3217) is a work in progress. It has been converted to a 4 bedroom/ 2 bath 1344 sq. ft. , plumbing, electrical and ductwork are done. Both homes are to be sold AS-IS. Agents see remarks.

15. 2023-04-10
    soldstatus $94,000
16. 2023-03-08
    status Under Contract 501-char remark

    Show marketing remark (501 chars)

    TWO PROPERTIES both single family homes sold as a package. (3215)- 2 bedroom/ 1 bath 1020 sq. ft home remodeled with open concept, nice layout, and dedicated laundry/ office space. It is currently used as an AirBNB but can also be a great rental or primary residence. It can be sold with furnishings and amenities. (3217) is a work in progress. It has been converted to a 4 bedroom/ 2 bath 1344 sq. ft. , plumbing, electrical and ductwork are done. Both homes are to be sold AS-IS. Agents see remarks.

17. 2022-11-02
    listed $100,000 New Listing 501-char remark

    Show marketing remark (501 chars)

    TWO PROPERTIES both single family homes sold as a package. (3215)- 2 bedroom/ 1 bath 1020 sq. ft home remodeled with open concept, nice layout, and dedicated laundry/ office space. It is currently used as an AirBNB but can also be a great rental or primary residence. It can be sold with furnishings and amenities. (3217) is a work in progress. It has been converted to a 4 bedroom/ 2 bath 1344 sq. ft. , plumbing, electrical and ductwork are done. Both homes are to be sold AS-IS. Agents see remarks.

18. 2019-02-22
    soldstatus $18,000 Sold
19. 2019-02-21
    soldstatus $18,000
20. 2019-02-18
    status Under Contract
21. 2019-02-05
    historical Take Backups
22. 2018-12-01
    price $19,000
23. 2018-10-18
    listed $22,000 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: $266 · $22/mo
• Projected year-2 tax: $266 · $22/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 · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $9,970
• − Mortgage interest: −$1,933
• − Property taxes: −$266
• − Insurance: −$172
• − Repairs & maintenance: −$798
• − Management: −$798
• − Depreciation: −$1,004
• Taxable income: $5,000
• Est. tax owed @ 24.0%: −$1,200
• After-tax cash flow: $4,067/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: Watson Chapel School District
• NCES district ID: 0513930
• Math proficiency: 10% ▼ -11.00%
• Reading proficiency: 12% ▼ -10.00%
• Median HH income: $40,521
• Composite: 9.55/100
• National rank: #9845
• State rank: #228 of 238 in AR

Livability — Pine Bluff

• Score: 50/100
• State rank: #483
• US rank: #25645

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pine Bluff, AR
• County: Jefferson County · 29,578 people
• City population: 29,578
• Metro: Pine Bluff, AR
• Population (ZIP): 29,578
• Household income: $53,130
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 657.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,110 people
• By 2030: 58,519 · -7.3%
• By 2040: 49,740 · -21.2%
• By 2050: 42,331 · -32.9%
• By 2075: 29,591 · -53.1%
• By 2100: 21,047 · -66.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (62%)
• Race & ethnicity: Black 62% White 33% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Italian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Jefferson

• 2024 margin: Strong D (+20.1) · D 59.2% · R 39.2% · Other 1.6%
• 2008→2024 swing: -6.2pp toward R · 2008: 26.3pp · 2024: 20.1pp
• All cycles: 2024: D+20.1 2020: D+21.7 2016: D+25.3 2012: D+29.0 2008: D+26.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.43%
• Current HPI: 206.5994
• Rent YoY: —
• Metro: Pine Bluff, 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

+56.8% since first listed

23 events — show timeline

• 2025-12-29 Pending — CARMLS
• 2025-10-16 Price Changed $34,500 CARMLS
• 2025-09-07 Price Changed $39,900 CARMLS
• 2025-08-14 Relisted — CARMLS
• 2025-07-28 Contingent — CARMLS
• 2025-07-14 Listed $49,900 CARMLS
• 2025-01-07 Price Changed $35,000 CARMLS
• 2024-10-01 Listing Removed — CARMLS
• 2024-07-12 Price Changed $130,000 CARMLS
• 2024-06-08 Price Changed $40,000 CARMLS
• 2024-05-28 Price Changed $145,000 CARMLS
• 2024-04-28 Price Changed $165,000 CARMLS
• 2024-04-03 Listed $65,000 CARMLS
• 2023-04-13 Sold (MLS) $94,000 CARMLS
• 2023-04-10 Sold (Public Records) $94,000 Public Records
• 2023-03-08 Pending — CARMLS
• 2022-11-02 Listed $100,000 CARMLS
• 2019-02-22 Sold (MLS) $18,000 CARMLS
• 2019-02-21 Sold (Public Records) $18,000 Public Records
• 2019-02-18 Pending — CARMLS
• 2019-02-05 Contingent — CARMLS
• 2018-12-01 Price Changed $19,000 CARMLS
• 2018-10-18 Listed $22,000 CARMLS

Property tax history

+4.0%/yr

Latest (2025): $266 · +0.3% YoY. Source: county tax records.