16764 Fletcher Rd · Fayetteville, AR 72704

$90,000

3 bd · 2.0 ba · 1,654 sqft · Manufactured public records · 182 Days on market

Built 1975 2.00 ac lot ↓ 28% 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
• Livability +4.2/5.0
• Schools +3.8/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

Key facts

• Spring fed creek
• Lake wedington
• Creekfront property

Tags

• CREEKFRONT PROPERTY
• SPRING FED CREEK
• PRIVATE WELL
• RURAL WATER HOOKUP
• ILLINOIS RIVER
• LAKE WEDINGTON

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $90k.

Deal economics

• At list price, monthly cash flow is $960 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.0% vs local median 3.5% in Fayetteville — 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 83/100 on livability (#3 in AR, #871 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment D+, crime D-.
• Farmington School District (suburban): math 44% / reading 45% proficiency, ranked #34 of 238 in AR (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.2%/yr); 539 active listings in the ZIP; solid renter incomes; 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 $622 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 2.2% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask has dropped $35k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 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 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D 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?
8. 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.
9. 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.
10. 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: 2.32% ✓
• Cap rate: 19.97%
• Cash-on-cash: 48.86%
• DSCR: 3.17
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.17% rent growth · sell at horizon

5-year hold

• IRR: 41.9%
• Equity multiple: 2.78×
• Total profit: $44,880
• Equity at exit: $13,419

10-year hold

• IRR: 47.7%
• Equity multiple: 5.41×
• Total profit: $111,102
• Equity at exit: $7,782

Cash invested: $25,200 (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 72704

• Home prices YoY: -20.2%
• Rents YoY: 2.2%
• Active inventory: 539
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,086 medium
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $960

Break-even live

Break-even rent $871

Max offer price $90,000

Occupancy floor 49%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $90,000 Active 182 DOM
2. 2026-06-17
   days on market $90,000 Active 181 DOM
3. 2026-06-16
   days on market $90,000 Active 180 DOM
4. 2026-06-15
   days on market $90,000 Active 179 DOM
5. 2026-06-14
   days on market $90,000 Active 177 DOM
6. 2026-06-13
   days on market $90,000 Active 176 DOM
7. 2026-06-10
   days on market $90,000 Active 174 DOM
8. 2026-06-09
   days on market $90,000 Active 173 DOM
9. 2026-06-08
   days on market $90,000 Active 172 DOM
10. 2026-06-07
    days on market $90,000 Active 171 DOM
11. 2026-06-05
    days on market $90,000 Active 168 DOM
12. 2026-06-03
    days on market $90,000 Active 167 DOM
13. 2026-06-02
    days on market $90,000 Active 166 DOM
14. 2026-06-01
    days on market $90,000 Active 165 DOM
15. 2026-05-31
    days on market $90,000 Active 164 DOM
16. 2026-05-31
    days on market $90,000 Active 163 DOM
17. 2026-04-09
    price $90,000 893-char remark

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

18. 2026-04-08
    status Active

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

19. 2026-04-08
    price $90,000

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

20. 2026-04-08
    status Active

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

21. 2026-04-08
    status Price Change 893-char remark

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

22. 2026-04-08
    price $90,000

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

23. 2026-03-16
    status Pending

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

24. 2026-03-16
    status Under Contract 893-char remark

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

25. 2025-11-25
    listed $124,900 Active
26. 2025-11-25
    listed $124,900 Active
27. 2025-11-24
    listed $124,900 New Listing 893-char remark

    Show marketing remark (893 chars)

    Creekfront Property For Sale Near Fayetteville Discover Ozark living with this 3 bedroom, 2 bath mobile home on 2 acres in the Farmington School District. Just 15 minutes from Fayetteville and 25 minutes from Siloam Springs, this quiet property offers privacy and convenience. A spring fed creek winds through the land, creating a peaceful setting for relaxing, gardening, or watching wildlife. With a private well, rural water hookup, electric, and septic in place, you have flexible options for future use. The acreage provides room for a hobby farm, garden, or expansion, and with no restrictions, you’re free to add a shop, barn, or additional dwelling. Located one mile from the Illinois River and three miles from Lake Wedington, you’ll enjoy endless opportunities for fishing, kayaking, swimming, and hiking. Creekfront land this close to Northwest Arkansas is a rare find.

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $25,034
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$1,248
• − Repairs & maintenance: −$2,003
• − Management: −$2,003
• − Depreciation: −$2,618
• Taxable income: $10,771
• Est. tax owed @ 24.0%: −$2,585
• After-tax cash flow: $8,930/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: Farmington School District
• NCES district ID: 0506090
• Math proficiency: 44% ▼ -15.00%
• Reading proficiency: 45% ▼ -11.00%
• Median HH income: $52,138
• Composite: 38.43/100
• National rank: #4199
• State rank: #34 of 238 in AR

Livability — Fayetteville

• Score: 83/100
• State rank: #3
• US rank: #871

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Washington County · 252,056 people
• City population: 118,228
• Metro: Fayetteville-Springdale-Rogers, AR
• Population (ZIP): 32,497
• Household income: $96,014
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 883.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 14% Hispanic / Latino 7% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Italian 3% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 2% Other Asian/Pacific 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: ▼ -73.44%
• Current HPI: 289.7478
• Rent YoY: ▲ 2.17%
• Metro: Fayetteville-Springdale-Rogers, 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

-27.9% since first listed

11 events — show timeline

• 2026-04-09 Price Changed $90,000 CARMLS
• 2026-04-08 Relisted — MHMLS
• 2026-04-08 Price Changed $90,000 MHMLS
• 2026-04-08 Relisted — SOMO
• 2026-04-08 Relisted — CARMLS
• 2026-04-08 Price Changed $90,000 SOMO
• 2026-03-16 Pending — SOMO
• 2026-03-16 Pending — CARMLS
• 2025-11-25 Listed $124,900 SOMO
• 2025-11-25 Listed $124,900 MHMLS
• 2025-11-24 Listed $124,900 CARMLS

Property tax history

-14.1%/yr

Latest (2025): $80 · +23.1% YoY. Source: county tax records.