417b Mississippi St · Hot Springs, AR 71901

$62,000

1 bd · 1.0 ba · 600 sqft · SingleFamily public records · 108 Days on market

Built 1990 0.90 ac lot $103/sqft · 25% above area Est $52k · 19% over ↓ 22% since listing

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Investment Opportunity Near Downtown Hot Springs Located in the established Gorge Addition, this cozy 2-bedroom, 1-bath home offers approximately 600 square feet of simple, low-maintenance living. Built in 1990, the property features a functional single-level layout with an eat-in kitchen and updated finishes including newer tile flooring and fresh paint. Situated on a level-sloped lot with public utilities, the home also includes an additional adjacent lot—providing extra space, flexibility, or future potential. With a newer roof (within the last few years) and a modest footprint, this property is ideal for investors, rental income, or buyers looking for an affordable entry into the market. The surrounding area is quiet and primarily residential, with convenient access to local amenities and downtown Hot Springs. Quick Highlights: 2 Bedrooms | 1 Bathroom ~600 sq ft | Built in 1990 Includes additional lot Recent updates (paint, flooring, newer roof) Public water & sewer Ideal for rental, flip, or budget-friendly living * As is, No owner financing, No rent to own *

Key facts

• Updated finishes
• Fresh paint
• Level-sloped lot

Tags

• INVESTMENT OPPORTUNITY
• EAT-IN KITCHEN
• UPDATED FINISHES
• NEWER TILE FLOORING
• FRESH PAINT
• LEVEL-SLOPED LOT

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $62k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($921 rent vs $62k).
• Recommended offer: $56k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 2.8% in Hot Springs — 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 65/100 on livability (#140 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools D, crime F, amenities F.
• Hot Springs School District (urban): math 24% / reading 25% proficiency, ranked #195 of 238 in AR (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 363 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; 117 units permitted in Garland County in 2024 (24 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $429 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Garland County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($56k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $56,420 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.49% ✓
• Cap rate: 12.09%
• Cash-on-cash: 20.69%
• DSCR: 1.92
• GRM: 5.6

CMA / ARV

• ARV (median comp): $52,000
• List price: $62,000
• Delta: 19.23%
• Verdict: OVERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
417 B Mississippi St	0.00mi	2/1.0 (+1)	600 (0%)	11mo	$31,000	$52	86
117 Ramsey Pl	0.37mi	2/1.0 (+1)	600 (0%)	12mo	$76,000	$127	67

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: 13.0%
• Equity multiple: 1.52×
• Total profit: $9,029
• Equity at exit: $9,244

10-year hold

• IRR: 21.9%
• Equity multiple: 2.87×
• Total profit: $32,464
• Equity at exit: $5,361

Cash invested: $17,360 (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 71901

• Home prices YoY: -3.6%
• Active inventory: 363
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $921 high
• Mortgage (P&I): −$325
• Tax est. 1.5%: −$78 /mo · $930/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $299

Break-even live

Break-even rent $542

Max offer price $62,000

Occupancy floor 63%

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
605 Hig Fry Rd Hot Springs National Park, AR	2.0	1.0–2.0	806	$1,108	$1.37	23d	1	0.71mi
315 Convention Blvd Hot Springs, AR	2.0	1.0	900	$850	$0.94	43d	4	0.95mi
405 Spring St Unit 2 Hot Springs, AR	1.0	1.0	750	$750	$1.00	43d	1	1.03mi
1007 Park Ave Hot Springs National Park, AR	1.0	1.0	668	$952	$1.43	43d	1	1.35mi
120 Greenway St Unit 1 Hot Springs, AR	1.0	1.0	750	$775	$1.03	43d	1	1.47mi

Listing history 19 events

1. 2026-06-19
   days on market $62,000 Active 108 DOM
2. 2026-06-18
   days on market $62,000 Active 107 DOM
3. 2026-06-17
   days on market $62,000 Active 106 DOM
4. 2026-06-16
   days on market $62,000 Active 105 DOM
5. 2026-06-15
   days on market $62,000 Active 104 DOM
6. 2026-06-14
   days on market $62,000 Active 102 DOM
7. 2026-06-13
   days on market $62,000 Active 101 DOM
8. 2026-06-10
   days on market $62,000 Active 99 DOM
9. 2026-06-09
   days on market $62,000 Active 98 DOM
10. 2026-06-08
    days on market $62,000 Active 97 DOM
11. 2026-06-07
    days on market $62,000 Active 96 DOM
12. 2026-06-05
    days on market $62,000 Active 93 DOM
13. 2026-06-02
    days on market $62,000 Active 91 DOM
14. 2026-06-01
    days on market $62,000 Active 90 DOM
15. 2026-05-31
    days on market $62,000 Active 89 DOM
16. 2026-05-30
    days on market $62,000 Active 88 DOM
17. 2026-04-04
    price $62,000 1104-char remark

    Show marketing remark (1104 chars)

    Charming Investment Opportunity Near Downtown Hot Springs Located in the established Gorge Addition, this cozy 2-bedroom, 1-bath home offers approximately 600 square feet of simple, low-maintenance living. Built in 1990, the property features a functional single-level layout with an eat-in kitchen and updated finishes including newer tile flooring and fresh paint. Situated on a level-sloped lot with public utilities, the home also includes an additional adjacent lot—providing extra space, flexibility, or future potential. With a newer roof (within the last few years) and a modest footprint, this property is ideal for investors, rental income, or buyers looking for an affordable entry into the market. The surrounding area is quiet and primarily residential, with convenient access to local amenities and downtown Hot Springs. Quick Highlights: 2 Bedrooms | 1 Bathroom ~600 sq ft | Built in 1990 Includes additional lot Recent updates (paint, flooring, newer roof) Public water & sewer Ideal for rental, flip, or budget-friendly living * As is, No owner financing, No rent to own *

18. 2026-03-12
    price $72,000 1104-char remark

    Show marketing remark (1104 chars)

    Charming Investment Opportunity Near Downtown Hot Springs Located in the established Gorge Addition, this cozy 2-bedroom, 1-bath home offers approximately 600 square feet of simple, low-maintenance living. Built in 1990, the property features a functional single-level layout with an eat-in kitchen and updated finishes including newer tile flooring and fresh paint. Situated on a level-sloped lot with public utilities, the home also includes an additional adjacent lot—providing extra space, flexibility, or future potential. With a newer roof (within the last few years) and a modest footprint, this property is ideal for investors, rental income, or buyers looking for an affordable entry into the market. The surrounding area is quiet and primarily residential, with convenient access to local amenities and downtown Hot Springs. Quick Highlights: 2 Bedrooms | 1 Bathroom ~600 sq ft | Built in 1990 Includes additional lot Recent updates (paint, flooring, newer roof) Public water & sewer Ideal for rental, flip, or budget-friendly living * As is, No owner financing, No rent to own *

19. 2026-03-03
    listed $79,000 New Listing 1104-char remark

    Show marketing remark (1104 chars)

    Charming Investment Opportunity Near Downtown Hot Springs Located in the established Gorge Addition, this cozy 2-bedroom, 1-bath home offers approximately 600 square feet of simple, low-maintenance living. Built in 1990, the property features a functional single-level layout with an eat-in kitchen and updated finishes including newer tile flooring and fresh paint. Situated on a level-sloped lot with public utilities, the home also includes an additional adjacent lot—providing extra space, flexibility, or future potential. With a newer roof (within the last few years) and a modest footprint, this property is ideal for investors, rental income, or buyers looking for an affordable entry into the market. The surrounding area is quiet and primarily residential, with convenient access to local amenities and downtown Hot Springs. Quick Highlights: 2 Bedrooms | 1 Bathroom ~600 sq ft | Built in 1990 Includes additional lot Recent updates (paint, flooring, newer roof) Public water & sewer Ideal for rental, flip, or budget-friendly living * As is, No owner financing, No rent to own *

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $11,055
• − Mortgage interest: −$3,473
• − Property taxes: −$930
• − Insurance: −$310
• − Repairs & maintenance: −$884
• − Management: −$884
• − Depreciation: −$1,804
• Taxable income: $2,769
• Est. tax owed @ 24.0%: −$665
• After-tax cash flow: $2,927/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.

Schools (NCES district)

• District: Hot Springs School District
• NCES district ID: 0507890
• Math proficiency: 24% ▼ -15.00%
• Reading proficiency: 25% ▼ -12.00%
• Median HH income: $28,817
• Composite: 19.62/100
• National rank: #8746
• State rank: #195 of 238 in AR

Livability — Hot Springs

• Score: 65/100
• State rank: #140
• US rank: #12498

Category grades

Amenities F Commute F 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: Hot Springs, AR
• County: Garland County · 76,414 people
• City population: 76,414
• Metro: Hot Springs, AR
• Population (ZIP): 28,937
• Household income: $53,514
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 961.0

Population outlook (Garland County) Hauer SSP2

• Today (2025): 100,343 people
• By 2030: 101,880 · +1.5%
• By 2040: 104,804 · +4.4%
• By 2050: 107,292 · +6.9%
• By 2075: 113,182 · +12.8%
• By 2100: 112,247 · +11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 13% Hispanic / Latino 10% Two or more races 6%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 2% Slovak 2% Portuguese 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 7% Vietnamese 1%

Political lean MEDSL · Garland

• 2024 margin: Solid R (+36.2) · D 30.8% · R 67.0% · Other 2.2%
• 2008→2024 swing: -11.3pp toward R · 2008: -25.0pp · 2024: -36.2pp
• All cycles: 2024: R+36.2 2020: R+34.0 2016: R+34.1 2012: R+29.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.75%
• Current HPI: 317.2542
• Rent YoY: —
• Metro: Hot Springs, 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

-21.5% since first listed

3 events — show timeline

• 2026-04-04 Price Changed $62,000 CARMLS
• 2026-03-12 Price Changed $72,000 CARMLS
• 2026-03-03 Listed $79,000 CARMLS

Property tax history

-9.1%/yr

Latest (2025): $29 · -1.3% YoY. Source: county tax records.