124 W Poplar St · Walnut Ridge, AR 72476

$74,900

3 bd · 1.5 ba · 2,368 sqft · SingleFamily public records · 9 Days on market

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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 +6.9/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Welcome to 124 W. Poplar Street in Walnut Ridge, a spacious opportunity packed with potential! Offering 2,368 square feet, this 3 bedroom, 1.5 bath home provides plenty of room to create the home you've always envisioned. Inside, you'll find two living areas, a formal dining room, a dedicated laundry room, and a versatile bonus room that could serve as a home office, playroom, hobby space, or additional bedroom. This fixer-upper is ideal for investors, renovators, or buyers looking to build equity through updates and improvements. The generous floor plan offers endless possibilities for customization while preserving the home's existing character and charm. Outside, a detached workshop provides excellent space for projects, storage, or equipment. Whether you're searching for your next investment property or a home with tremendous upside, 124 W. Poplar Street is a rare opportunity to unlock value and make it your own. Don't miss your chance to bring your vision to life schedule your showing today!

Key facts

• Detached workshop
• Listed 8 days

Tags

• DETACHED WORKSHOP

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer
• Home design: Inside city limits
• Construction: Metal roof; Crawl space foundation
• Exterior features: Masonite exterior; Level lot; Paved road access

Interior

• Kitchen: Microwave; Electric range
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central electric heat; Central electric cooling
• Interior features: Electric log fireplace; Bonus room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $573 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 15.5% vs local median 5.3% in Walnut Ridge — 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 57/100 on livability (#351 in AR) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools F, crime F, amenities F.
• Lawrence County School District (town): math 24% / reading 25% proficiency, ranked #188 of 238 in AR (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 55 active listings in the ZIP; 63 units permitted in Lawrence County in 2024 (15 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($518 loan paydown + $3k appreciation (3.8% local appreciation)).
• Lawrence County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.

Recommended offer $74,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.71% ✓
• Cap rate: 15.48%
• Cash-on-cash: 32.80%
• DSCR: 2.46
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $232,064
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 E Walnut St	0.32mi	3/2.0	2,337 (-1%)	16mo	$119,000	$51	68
101 Highland Dr	0.27mi	3/2.5	2,520 (+6%)	8mo	$295,000	$117	66
308 Westwood Cir	0.34mi	4/3.0 (+1)	2,200 (-7%)	1mo	$263,500	$120	61
803 Main St	0.66mi	4/2.0 (+1)	2,378 (+0%)	13mo	$27,000	$11	51
406 Eastwood Cir	0.43mi	3/2.0	2,077 (-12%)	8mo	$203,000	$98	50
708 W Walnut	0.42mi	4/2.0 (+1)	2,027 (-14%)	2mo	$223,000	$110	48
304 SW 3rd	0.43mi	4/2.5 (+1)	2,136 (-10%)	18mo	$201,000	$94	40
624 5th St	0.70mi	4/2.0 (+1)	2,039 (-14%)	10mo	$50,000	$25	28

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

Projected returns pro-forma

3.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.8%
• Equity multiple: 3.33×
• Total profit: $48,790
• Equity at exit: $37,178

10-year hold

• IRR: 39.0%
• Equity multiple: 6.65×
• Total profit: $118,570
• Equity at exit: $60,180

Cash invested: $20,972 (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 72476

• Home prices YoY: 1.7%
• Active inventory: 55
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,284 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$17 /mo · $208/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $573

Break-even live

Break-even rent $559

Max offer price $74,900

Occupancy floor 50%

Sensitivity live

Price	-10% $616	-5% $594	+0% $573	+5% $552	+10% $531
Rent	-10% $472	-5% $522	+0% $573	+5% $624	+10% $675
Rate	-1.0pp $611	-0.5pp $592	base $573	+0.5pp $554	+1.0pp $534

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-19
   days on market $74,900 Active 9 DOM
2. 2026-06-18
   days on market $74,900 Active 8 DOM
3. 2026-06-17
   statusdays on market $74,900 Active 7 DOM
4. 2026-06-16
   days on market $74,900 New Listing 6 DOM
5. 2026-06-15
   days on market $74,900 New Listing 5 DOM
6. 2026-06-14
   days on market $74,900 New Listing 3 DOM
7. 2026-06-12
   remarks 699-char remark
8. 2026-06-12
   listed $74,900 New Listing 2 DOM

ⓘ 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: $208 · $17/mo
• Projected year-2 tax: $479 · $40/mo
• Expected delta: +$271/yr (+$23/mo · 130.2%)

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

Taxation est. · year 1

• Rental income: $15,410
• − Mortgage interest: −$4,196
• − Property taxes: −$208
• − Insurance: −$374
• − Repairs & maintenance: −$1,233
• − Management: −$1,233
• − Depreciation: −$2,179
• Taxable income: $5,987
• Est. tax owed @ 24.0%: −$1,437
• After-tax cash flow: $5,441/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: Lawrence County School District
• NCES district ID: 0500082
• Math proficiency: 24% ▼ -21.00%
• Reading proficiency: 25% ▼ -13.00%
• Median HH income: $34,340
• Composite: 20.15/100
• National rank: #8637
• State rank: #188 of 238 in AR

Livability — Walnut Ridge

• Score: 57/100
• State rank: #351
• US rank: #21939

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walnut Ridge, AR
• Population (ZIP): 7,565

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 15,453 people
• By 2030: 14,697 · -4.9%
• By 2040: 13,247 · -14.3%
• By 2050: 11,937 · -22.8%
• By 2075: 9,466 · -38.7%
• By 2100: 7,441 · -51.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 7% Hispanic / Latino 3% Black 1%
• Common ancestry: Slovak 1% Serbian 1% Romanian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+64.0) · D 16.9% · R 81.0% · Other 2.1%
• 2008→2024 swing: -43.1pp toward R · 2008: -20.9pp · 2024: -64.0pp
• All cycles: 2024: R+64.0 2020: R+59.6 2016: R+49.8 2012: R+31.6 2008: R+20.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.82%
• Current HPI: 231.817
• 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

+52.9% since first listed

4 events — show timeline

• 2026-06-10 Listed $74,900 NEABOR MLS
• 2026-06-10 Listed $74,900 CARMLS
• 2010-11-02 Sold (Public Records) $73,000 Public Records
• 1998-11-09 Sold (Public Records) $49,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $208 · -23.8% YoY. Source: county tax records.