512 Ellen Dr · North Little Rock, AR 72117

$125,000

3 bd · 1.0 ba · 910 sqft · SingleFamily public records · 49 Days on market

Built 1960 6,534 sqft lot $137/sqft · 73% above area

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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 +26.3/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Listing agent is owner of the property. New plumbing line installed in April. 2023. Vinyl flooring through the house. Selling the property as is where is. No seller property disclosure due to property being a rental. Owner has never lived in the property.

Key facts

• New plumbing
• Efficient kitchen
• Spacious lot

Tags

• EFFICIENT KITCHEN
• NEW PLUMBING
• SPACIOUS LOT

Property features AI

Finance

• Financial info: Financing options include VA, FHA, Conventional, owner financing possible, or cash

Exterior

• Parking: Parking pads for 2 cars
• Utilities: Public sewer; Public water; Municipal electric (Entergy); Natural gas; Insulated windows and doors
• Home design: Single-family property; Metal/vinyl siding; 3-tab shingle roof; Crawl space foundation
• Construction: Metal/Vinyl siding exterior; Crawl space foundation; 3-tab shingle roof
• Exterior features: Partially fenced yard; Level lot; Paved road access

Interior

• Kitchen: Dishwasher; Refrigerator (stays)
• Flooring: Luxury vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Smoke detectors; Ceiling fans; Sheetrock walls and ceilings

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 5.1% 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: schools D+, crime F, amenities F.
• 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.
• Market conditions: 78 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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 $864 of loan paydown is wiped out by about $4k 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 + 3.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago 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.
• Current owner paid $98k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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 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: 1.10% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.04%
• DSCR: 1.49
• GRM: 7.6

CMA / ARV

• ARV (median comp): $72,075
• List price: $125,000
• Delta: 73.43%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
321 Glynn Ln	0.07mi	3/1.0	918 (+1%)	4mo	$74,000	$81	92
704 E Bethany Rd	0.16mi	2/1.0 (-1)	912 (+0%)	3mo	$51,500	$56	84
111 Marvin St	0.36mi	2/1.0 (-1)	933 (+2%)	7mo	$95,000	$102	68
5224 S Woodland Dr	0.62mi	3/1.0	918 (+1%)	13mo	$75,000	$82	59
716 Ellen Dr	0.16mi	2/1.0 (-1)	780 (-14%)	11mo	$49,900	$64	55
100 Blenden Dr	0.25mi	2/1.0 (-1)	775 (-15%)	11mo	$65,000	$84	49
2107 Hunter Rd	0.74mi	3/1.0	852 (-6%)	17mo	$74,000	$87	41

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: 0.2%
• Equity multiple: 1.01×
• Total profit: $217
• Equity at exit: $18,638

10-year hold

• IRR: 9.8%
• Equity multiple: 1.76×
• Total profit: $26,435
• Equity at exit: $10,808

Cash invested: $35,000 (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 72117

• Home prices YoY: -30.4%
• Active inventory: 78
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,372 high
• Mortgage (P&I): −$656
• Tax from tax record: −$54 /mo · $651/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $322

Break-even live

Break-even rent $964

Max offer price $125,000

Occupancy floor 72%

Sensitivity live

Price	-10% $393	-5% $357	+0% $322	+5% $287	+10% $251
Rent	-10% $214	-5% $268	+0% $322	+5% $376	+10% $430
Rate	-1.0pp $385	-0.5pp $354	base $322	+0.5pp $290	+1.0pp $257

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 Ellen Dr North Little Rock, AR	4.0	2.0	1114	$1,550	$1.39	14d	1	0.04mi
2107 Muldrow Dr North Little Rock, AR	3.0	1.0	900	$1,015	$1.13	44d	1	0.86mi
5900 McCain Park Pl North Little Rock, AR	1.0–3.0	1.0–2.0	879	$1,120	$1.27	14d	39	0.87mi
908 Greenlea Dr North Little Rock, AR	3.0	1.0	912	$1,300	$1.43	21d	1	1.14mi
817 Greenlea Dr North Little Rock, AR	3.0	1.0	912	$1,195	$1.31	24d	1	1.17mi
717 Greenlea Dr North Little Rock, AR	3.0	1.0	912	$1,095	$1.20	44d	1	1.23mi
5204 Alpha St North Little Rock, AR	3.0	1.0	753	$850	$1.13	44d	1	1.33mi

Listing history 27 events

1. 2026-06-16
   statusdays on market $125,000 Under Contract 49 DOM
2. 2026-06-15
   days on market $125,000 Active 48 DOM
3. 2026-06-14
   days on market $125,000 Active 46 DOM
4. 2026-06-13
   days on market $125,000 Active 45 DOM
5. 2026-06-10
   days on market $125,000 Active 43 DOM
6. 2026-06-09
   days on market $125,000 Active 42 DOM
7. 2026-06-08
   days on market $125,000 Active 41 DOM
8. 2026-06-07
   days on market $125,000 Active 40 DOM
9. 2026-06-05
   days on market $125,000 Active 37 DOM
10. 2026-06-03
    days on market $125,000 Active 36 DOM
11. 2026-06-02
    days on market $125,000 Active 35 DOM
12. 2026-06-01
    days on market $125,000 Active 34 DOM
13. 2026-05-31
    days on market $125,000 Active 33 DOM
14. 2026-05-31
    days on market $125,000 Active 32 DOM
15. 2026-04-29
    listed $125,000 New Listing 831-char remark
16. 2024-01-16
    historical $1,300
17. 2023-11-04
    price $1,300
18. 2023-10-31
    price $1,375
19. 2023-10-18
    listed $1,475
20. 2023-09-11
    soldstatus $97,750
21. 2023-09-09
    soldstatus $97,750 Sold 255-char remark

    Show marketing remark (255 chars)

    Listing agent is owner of the property. New plumbing line installed in April. 2023. Vinyl flooring through the house. Selling the property as is where is. No seller property disclosure due to property being a rental. Owner has never lived in the property.

22. 2023-09-08
    status Under Contract 255-char remark

    Show marketing remark (255 chars)

    Listing agent is owner of the property. New plumbing line installed in April. 2023. Vinyl flooring through the house. Selling the property as is where is. No seller property disclosure due to property being a rental. Owner has never lived in the property.

23. 2023-07-18
    historical Take Backups 255-char remark

    Show marketing remark (255 chars)

    Listing agent is owner of the property. New plumbing line installed in April. 2023. Vinyl flooring through the house. Selling the property as is where is. No seller property disclosure due to property being a rental. Owner has never lived in the property.

24. 2023-07-14
    listed $99,900 New Listing 255-char remark

    Show marketing remark (255 chars)

    Listing agent is owner of the property. New plumbing line installed in April. 2023. Vinyl flooring through the house. Selling the property as is where is. No seller property disclosure due to property being a rental. Owner has never lived in the property.

25. 2021-02-10
    soldstatus $56,650

    Show marketing remark (49 chars)

    home has tenant that keeps it in great condition.

26. 2021-02-10
    listed $56,650

    Show marketing remark (49 chars)

    home has tenant that keeps it in great condition.

27. 2005-03-08
    soldstatus $35,000

ⓘ 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: $651 · $54/mo
• Projected year-2 tax: $800 · $67/mo
• Expected delta: +$149/yr (+$12/mo · 23.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 33% 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 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,464
• − Mortgage interest: −$7,002
• − Property taxes: −$651
• − Insurance: −$625
• − Repairs & maintenance: −$1,317
• − Management: −$1,317
• − Depreciation: −$3,636
• Taxable income: $1,916
• Est. tax owed @ 24.0%: −$460
• After-tax cash flow: $3,405/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
• City population: 55,470
• Population (ZIP): 14,339

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 24% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Serbian 1% Slovak 1% Lithuanian 0%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -53.78%
• Current HPI: 123.3727
• 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

+257.1% since first listed

14 events — show timeline

• 2026-06-16 Pending — CARMLS
• 2026-04-29 Listed $125,000 CARMLS
• 2024-01-16 Rental Removed $1,300 Avail
• 2023-11-04 Price Changed $1,300 Avail
• 2023-10-31 Price Changed $1,375 Avail
• 2023-10-18 Listed for Rent $1,475 Avail
• 2023-09-11 Sold (Public Records) $97,750 Public Records
• 2023-09-09 Sold (MLS) $97,750 CARMLS
• 2023-09-08 Pending — CARMLS
• 2023-07-18 Contingent — CARMLS
• 2023-07-14 Listed $99,900 CARMLS
• 2021-02-10 Listed $56,650 CARMLS
• 2021-02-10 Sold (MLS) $56,650 CARMLS
• 2005-03-08 Sold (Public Records) $35,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $651 · +6.0% YoY. Source: county tax records.