15856 Delgado Rd · West Fork, AR 72774

$245,000

2 bd · 1.0 ba · 1,136 sqft · SingleFamily public records · 132 Days on market

Built 1950 15 ac lot $216/sqft · 18% below area Est $297k · 18% under

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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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

A rare 15.25-acre offering providing true privacy with immediate access to Highway 71. The existing residence is a tear-down; the value is in the land. The property offers an exceptional setting for a multi-generational family living or private estate, with two entrances and space for multiple structures and long-term legacy use. Located near the White River and just 15 minutes from the University of Arkansas, it combines natural seclusion with close proximity to Fayetteville. A neighboring parcel is also available, allowing for expanded acreage and estate-scale assemblage in a growing corridor. * * Drone photos provided are not surveys, property lines are estimated in drone photos. PDF copy of survey is available.

Key facts

• 15.25-acre offering
• Two entrances
• Near the white river

Tags

• 15.25-ACRE OFFERING
• IMMEDIATE ACCESS TO HIGHWAY 71
• TWO ENTRANCES
• NEAR THE WHITE RIVER
• EXPANDED ACREAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $429 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $216k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 5.5% in West Fork — 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 66/100 on livability (#126 in AR) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• West Fork School District (rural): math 23% / reading 26% proficiency, ranked #182 of 238 in AR (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 74 active listings in the ZIP; 3,494 units permitted in Washington County in 2024 (1,497 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Washington County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $71k; list at $245k implies a 245% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $215,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 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 1950 — 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 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. 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: 1.10% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.51%
• DSCR: 1.33
• GRM: 7.6

CMA / ARV

• ARV (median comp): $297,288
• List price: $245,000
• Delta: -17.59%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-12,315
• Equity at exit: $36,530

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $24,651
• Equity at exit: $21,183

Cash invested: $68,600 (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 72774

• Home prices YoY: -16.0%
• Active inventory: 74
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,687 medium
• Mortgage (P&I): −$1,285
• Tax est. 1.5%: −$306 /mo · $3,675/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$564
• Net cashflow: $429

Break-even live

Break-even rent $2,143

Max offer price $245,000

Occupancy floor 79%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $245,000 Active 132 DOM
2. 2026-06-17
   days on market $245,000 Active 131 DOM
3. 2026-06-16
   days on market $245,000 Active 130 DOM
4. 2026-06-15
   days on market $245,000 Active 129 DOM
5. 2026-06-14
   days on market $245,000 Active 127 DOM
6. 2026-06-13
   days on market $245,000 Active 126 DOM
7. 2026-06-10
   days on market $245,000 Active 124 DOM
8. 2026-06-09
   days on market $245,000 Active 123 DOM
9. 2026-06-08
   days on market $245,000 Active 122 DOM
10. 2026-06-07
    days on market $245,000 Active 121 DOM
11. 2026-06-05
    days on market $245,000 Active 118 DOM
12. 2026-06-03
    days on market $245,000 Active 117 DOM
13. 2026-06-02
    days on market $245,000 Active 116 DOM
14. 2026-06-01
    days on market $245,000 Active 115 DOM
15. 2026-05-31
    days on market $245,000 Active 114 DOM
16. 2026-05-31
    days on market $245,000 Active 113 DOM
17. 2026-02-06
    listed $245,000 Active 725-char remark

    Show marketing remark (725 chars)

    A rare 15.25-acre offering providing true privacy with immediate access to Highway 71. The existing residence is a tear-down; the value is in the land. The property offers an exceptional setting for a multi-generational family living or private estate, with two entrances and space for multiple structures and long-term legacy use. Located near the White River and just 15 minutes from the University of Arkansas, it combines natural seclusion with close proximity to Fayetteville. A neighboring parcel is also available, allowing for expanded acreage and estate-scale assemblage in a growing corridor. * * Drone photos provided are not surveys, property lines are estimated in drone photos. PDF copy of survey is available.

18. 2025-05-08
    price $505,000
19. 2025-04-04
    price $595,000
20. 2001-08-28
    soldstatus $71,000
21. 2000-05-20
    soldstatus $71,000
22. 1997-03-12
    soldstatus $25,000

ⓘ 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 FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥103°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,240
• − Mortgage interest: −$13,724
• − Property taxes: −$3,675
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,579
• − Management: −$2,579
• − Depreciation: −$7,127
• Taxable income: $1,331
• Est. tax owed @ 24.0%: −$319
• After-tax cash flow: $4,833/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: West Fork School District
• NCES district ID: 0514010
• Math proficiency: 23% ▼ -20.00%
• Reading proficiency: 26% ▼ -16.00%
• Median HH income: $46,044
• Composite: 21.26/100
• National rank: #8396
• State rank: #182 of 238 in AR

Livability — West Fork

• Score: 66/100
• State rank: #126
• US rank: #11748

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,298

Population outlook (Washington County) Hauer SSP2

• Today (2025): 271,748 people
• By 2030: 296,414 · +9.1%
• By 2040: 346,874 · +27.6%
• By 2050: 398,552 · +46.7%
• By 2075: 523,309 · +92.6%
• By 2100: 615,280 · +126.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Two or more races 19% Hispanic / Latino 6% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 6% Italian 5% Iranian 3%
• Foreign-born: 4% · China, Canada, South Korea
• Languages at home: 97% English-only · Spanish 1% Chinese 1%

Political lean MEDSL · Washington

• 2024 margin: Lean R (+6.7) · D 45.1% · R 51.7% · Other 3.2%
• 2008→2024 swing: +6.4pp toward D · 2008: -13.1pp · 2024: -6.7pp
• All cycles: 2024: R+6.7 2020: R+3.9 2016: R+10.4 2012: R+16.3 2008: R+13.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.93%
• Current HPI: 267.4622
• 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

+880.0% since first listed

6 events — show timeline

• 2026-02-06 Listed $245,000 NWARMLS
• 2025-05-08 Price Changed $505,000 NWARMLS
• 2025-04-04 Price Changed $595,000 NWARMLS
• 2001-08-28 Sold (Public Records) $71,000 Public Records
• 2000-05-20 Sold (Public Records) $71,000 Public Records
• 1997-03-12 Sold (Public Records) $25,000 Public Records