357 W Walnut Ave · Prescott, AR 71857

$35,000

3 bd · None ba · 1,128 sqft · SingleFamily · 16 Days on market

Built 1937 Poor condition 0.26 ac lot ↓ 12% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Schools +1.4/10.0
• Condition / age +1.0/5.0

Listing remarks MLS

Opportunity awaits with this property offering potential for updates and improvements. Whether you're looking for a renovation project or an investment opportunity, this home is ready for your vision. Additional information and photos will be available soon.

Key facts

• 0.26 acre lot
• Built 1937
• Listed 15 days

Property features AI

Finance

• Other: Approximate lot size about 0.26 acres; Approximate living area recorded as 1,128 (source: tax records); Will not subdivide
• Financial info: Annual taxes listed as $110

Exterior

• Parking: Other parking (see remarks)
• Utilities: Utilities details available (see remarks)
• Home design: Property type and design details available (see remarks)
• Construction: Foundation details available (see remarks); Roof details available (see remarks); Built year not provided
• Exterior features: Other exterior features (see remarks); Road surface details available (see remarks); Lot described as other (see remarks); Inside city limits

Interior

• Kitchen: Kitchen equipment details available (see remarks)
• Flooring: Flooring details available (see remarks)
• Heating & cooling: Heating and cooling details available (see remarks)
• Interior features: Other interior features (see remarks); Fireplace details available (see remarks)

What this means for you Summary

Snapshot

• This is a 3-bed/?-bath single-family listed at $35k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $535 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($984 rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#130 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools F, amenities F, commute F.
• Prescott School District (town): math 16% / reading 19% proficiency, ranked #218 of 238 in AR (top 92%) — 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: 20 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-2.7%/yr); year-one equity from $242 of loan paydown is wiped out by about $949 of value loss. Plan a longer hold.
• Nevada County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-2.7% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $34,475 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 2.81% ✓
• Cap rate: 24.64%
• Cash-on-cash: 65.53%
• DSCR: 3.92
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $106,032
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1422 W 2nd North St	0.47mi	2/2.0 (-1)	1,168 (+4%)	1mo	$110,000	$94	67

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

Projected returns pro-forma

-2.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 65.0%
• Equity multiple: 3.94×
• Total profit: $28,851
• Equity at exit: $5,669

10-year hold

• IRR: 69.1%
• Equity multiple: 8.09×
• Total profit: $69,435
• Equity at exit: $3,806

Cash invested: $9,800 (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 71857

• Home prices YoY: -1.5%
• Active inventory: 20
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $984 medium
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $535

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 41%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-19
   days on market $35,000 Active 16 DOM
2. 2026-06-18
   days on market $35,000 Active 15 DOM
3. 2026-06-17
   days on market $35,000 Active 14 DOM
4. 2026-06-16
   days on market $35,000 Active 13 DOM
5. 2026-06-15
   days on market $35,000 Active 12 DOM
6. 2026-06-14
   days on market $35,000 Active 10 DOM
7. 2026-06-12
   statusdays on market $35,000 Active 9 DOM
8. 2026-06-09
   days on market $35,000 New Listing 6 DOM
9. 2026-06-08
   days on market $35,000 New Listing 5 DOM
10. 2026-06-07
    days on market $35,000 New Listing 4 DOM
11. 2026-06-07
    remarks 280-char remark
12. 2026-06-07
    days on market $35,000 New Listing 3 DOM
13. 2026-06-04
    remarks 258-char remark
14. 2026-06-04
    listed $35,000 New Listing 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% 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: $11,803
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$944
• − Management: −$944
• − Depreciation: −$1,018
• Taxable income: $6,236
• Est. tax owed @ 24.0%: −$1,497
• After-tax cash flow: $4,925/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.

Condition & rehab AI · 2 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including a new roof, siding, and landscaping, to become move-in ready.

Repairs flagged

• Major roof — Exposed rafters and missing shingles
• Major siding — Weathered and peeling
• Major exterior paint — Peeling paint
• Major landscaping — Overgrown and unkempt
• Major fencing — In disrepair

Value-add opportunities

• Both repair roof — Critical to safety and appearance
• Both repair siding and paint — Improves curb appeal and value
• Both landscaping and fencing — Enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Exposed rafters and missing shingles	Major	$15,000–50,000
siding · Weathered and peeling	Major	$15,000–50,000
exterior paint · Peeling paint	Major	$15,000–50,000
landscaping · Overgrown and unkempt	Major	$15,000–50,000
fencing · In disrepair	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both repair roof — Critical to safety and appearance ↑
• Both repair siding and paint — Improves curb appeal and value ↑
• Both landscaping and fencing — Enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Prescott School District
• NCES district ID: 0511820
• Math proficiency: 16% ▼ -15.00%
• Reading proficiency: 19% ▼ -11.00%
• Median HH income: $34,757
• Composite: 14.38/100
• National rank: #9435
• State rank: #218 of 238 in AR

Livability — Prescott

• Score: 66/100
• State rank: #130
• US rank: #12044

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prescott, AR
• Population (ZIP): 5,569

Population outlook (Nevada County) Hauer SSP2

• Today (2025): 7,890 people
• By 2030: 7,473 · -5.3%
• By 2040: 6,681 · -15.3%
• By 2050: 6,034 · -23.5%
• By 2075: 5,068 · -35.8%
• By 2100: 4,689 · -40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Black 27% Hispanic / Latino 10% Two or more races 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Hungarian 1% Serbian 1% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Nevada

• 2024 margin: Solid R (+39.7) · D 29.2% · R 68.9% · Other 1.9%
• 2008→2024 swing: -23.5pp toward R · 2008: -16.2pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+31.5 2016: R+26.1 2012: R+20.1 2008: R+16.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.71%
• Current HPI: 175.9236
• Rent YoY: —
• Metro: —
• 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

-12.5% since first listed

4 events — show timeline

• 2026-06-03 Listed $35,000 HSBOR
• 2026-06-01 Listed $35,000 CARMLS
• 2025-10-01 Listing Removed — CARMLS
• 2025-04-09 Listed $40,000 CARMLS