2326 River Ridge Rd · Salem, AR 72019

$1

3 bd · 2.0 ba · 1,712 sqft · SingleFamily public records · 26 Days on market

Built 1979 Poor condition 4.13 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +4.9/30.0
• Schools +4.1/10.0
• Rent growth +3.6/5.0
• Livability +3.2/5.0
• Condition / age +1.0/5.0
• 1% rule +0.7/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

REAL ESTATE: Bid now online or in person on May 7 at 12:00 Noon. Tract #1: Consists of a 1296sf 3BR 2BA wood-frame two-story home plus a 416sf finished basement with a laundry room and two-car garage. This property sits on 2.08 acres. The home needs some TLC and updating. Please come to the viewing and do your own inspection. Tract #2: Consists of 2.05 acres being a wooded corner lot w/ road frontage on River Ridge Road and Sunnybrook Road. VIEWING: Auctioneer will be onsite for viewing on Sunday, May 3 from 2:00-4:00PM, or doors will be open May 7 at 11:00AM-Noon. TERMS: There will be a 10% buyer’s premium added. We will require $5,000 per tract down day of auction if you are the successful bidder. Closing will be 30 to 45 days.

Key facts

• 4.13 acre lot
• Garage
• Built 1979

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $285,904 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $1. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-681 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).

Location & tenants

• Location reads 65/100 on livability (#148 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, schools B; Watch: amenities F, commute F, employment F.
• Benton School District (suburban): math 51% / reading 43% proficiency, ranked #25 of 238 in AR (top 10%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.5%/yr); 245 active listings in the ZIP; solid renter incomes; 446 units permitted in Saline County in 2024 (0 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 $9k of value loss. Plan a longer hold.
• Saline County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 428856.0% of price.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.57% ✗
• Cap rate: 3.43%
• Cash-on-cash: -10.21%
• DSCR: 0.55
• GRM: 14.5

CMA / ARV

• ARV (on-the-fly): $285,904
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7195 Brazil Rd	0.54mi	3/2.0	1,740 (+2%)	7mo	$198,000	$114	66
8116 Shimrod Rd	0.73mi	3/2.0	1,852 (+8%)	14mo	$310,000	$167	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 · 4.53% rent growth · sell at horizon

5-year hold

• IRR: -33.0%
• Equity multiple: -0.09×
• Total profit: $-87,131
• Equity at exit: $42,629

10-year hold

• IRR: -32.3%
• Equity multiple: -0.51×
• Total profit: $-120,799
• Equity at exit: $24,720

Cash invested: $80,053 (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 72019

• Home prices YoY: -12.2%
• Rents YoY: 4.5%
• Active inventory: 245

Monthly cashflow live

• Estimated rent: $1,639 medium
• Mortgage (P&I): −$1,499
• Tax est. 1.5%: −$357 /mo · $4,289/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $-681

Break-even live

Break-even rent $2,501

Max offer price $187,328

Occupancy floor —

Sensitivity live

Price	-10% $-484	-5% $-582	+0% $-681	+5% $-780	+10% $-879
Rent	-10% $-811	-5% $-746	+0% $-681	+5% $-617	+10% $-552
Rate	-1.0pp $-537	-0.5pp $-609	base $-681	+0.5pp $-755	+1.0pp $-831

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: $71,476
• Closing costs: $8,577
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-11
   status Under Contract 745-char remark

   Show marketing remark (745 chars)

   REAL ESTATE: Bid now online or in person on May 7 at 12:00 Noon. Tract #1: Consists of a 1296sf 3BR 2BA wood-frame two-story home plus a 416sf finished basement with a laundry room and two-car garage. This property sits on 2.08 acres. The home needs some TLC and updating. Please come to the viewing and do your own inspection. Tract #2: Consists of 2.05 acres being a wooded corner lot w/ road frontage on River Ridge Road and Sunnybrook Road. VIEWING: Auctioneer will be onsite for viewing on Sunday, May 3 from 2:00-4:00PM, or doors will be open May 7 at 11:00AM-Noon. TERMS: There will be a 10% buyer’s premium added. We will require $5,000 per tract down day of auction if you are the successful bidder. Closing will be 30 to 45 days.

2. 2026-04-14
   listed $1 New Listing 745-char remark

   Show marketing remark (745 chars)

   REAL ESTATE: Bid now online or in person on May 7 at 12:00 Noon. Tract #1: Consists of a 1296sf 3BR 2BA wood-frame two-story home plus a 416sf finished basement with a laundry room and two-car garage. This property sits on 2.08 acres. The home needs some TLC and updating. Please come to the viewing and do your own inspection. Tract #2: Consists of 2.05 acres being a wooded corner lot w/ road frontage on River Ridge Road and Sunnybrook Road. VIEWING: Auctioneer will be onsite for viewing on Sunday, May 3 from 2:00-4:00PM, or doors will be open May 7 at 11:00AM-Noon. TERMS: There will be a 10% buyer’s premium added. We will require $5,000 per tract down day of auction if you are the successful bidder. Closing will be 30 to 45 days.

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $19,665
• − Mortgage interest: −$16,015
• − Property taxes: −$4,289
• − Insurance: −$1,430
• − Repairs & maintenance: −$1,573
• − Management: −$1,573
• − Depreciation: −$8,317
• Taxable loss: −$13,532
• Est. tax savings @ 24.0%: +$3,248
• After-tax cash flow: $-4,927/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 · 30 photos

Poor 20/100 Extensive rehab

This property requires extensive renovation and maintenance to improve its condition and increase its value.

Repairs flagged

• Major siding — Severe weathering and damage
• Major roof — Missing shingles and debris
• Major flooring — Worn and debris-laden
• Major interior walls/paint — Worn and cluttered

Value-add opportunities

• Both Exterior renovation — Improves curb appeal and functionality
• Both Interior renovation — Enhances living space and aesthetics
• Both Landscaping — Enhances curb appeal and functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Severe weathering and damage	Major	$15,000–50,000
roof · Missing shingles and debris	Major	$15,000–50,000
flooring · Worn and debris-laden	Major	$15,000–50,000
interior walls/paint · Worn and cluttered	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Exterior renovation — Improves curb appeal and functionality ↑
• Both Interior renovation — Enhances living space and aesthetics ↑
• Both Landscaping — Enhances curb appeal and functionality ↑

ⓘ 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: Benton School District
• NCES district ID: 0502960
• Math proficiency: 51% ▼ -10.00%
• Reading proficiency: 43% ▼ -10.00%
• Median HH income: $51,870
• Composite: 40.52/100
• National rank: #3707
• State rank: #25 of 238 in AR

Livability — Salem

• Score: 65/100
• State rank: #148
• US rank: #12757

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saline County · 77,216 people
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 30,055
• Household income: $87,869
• Rent vs Own: 25.1% rent · 74.9% own
• Severe rent burden: 331.0

Population outlook (Saline County) Hauer SSP2

• Today (2025): 140,141 people
• By 2030: 151,233 · +7.9%
• By 2040: 173,100 · +23.5%
• By 2050: 194,368 · +38.7%
• By 2075: 245,295 · +75.0%
• By 2100: 279,117 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 8% Two or more races 5% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada, China, Vietnam
• Languages at home: 92% English-only · Spanish 6% Vietnamese 1%

Political lean MEDSL · Saline

• 2024 margin: Solid R (+40.1) · D 28.8% · R 69.0% · Other 2.2%
• 2008→2024 swing: +0.8pp no change · 2008: -41.0pp · 2024: -40.1pp
• All cycles: 2024: R+40.1 2020: R+41.2 2016: R+43.5 2012: R+42.7 2008: R+41.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.95%
• Current HPI: 215.1912
• Rent YoY: ▲ 4.53%
• Metro: Little Rock-North Little Rock-Conway, 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

Property tax history

-4.0%/yr

Latest (2025): $317 · -24.0% YoY. Source: county tax records.