311 E Church St · Paris, AR 72855

$60,000

2 bd · 1.0 ba · 1,710 sqft · SingleFamily public records · 310 Days on market

Built 1934 0.30 ac lot $35/sqft · 62% below area

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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 +3.5/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Historic fixer upper in the heart of Paris, the Gateway to Mt. Magazine State Park. Detached garage and storage building. Original hardwood floors in entry and living room. Remodel was partially started. Agents see remarks

Key facts

• Storage building
• Detached garage
• 0.3 acre lot

Tags

• DETACHED GARAGE
• STORAGE BUILDING
• ORIGINAL HARDWOOD FLOORS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $458 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.5% vs local median 5.6% in Paris — 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 69/100 on livability (#68 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.
• Paris School District (town): math 41% / reading 37% proficiency, ranked #83 of 238 in AR (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 78 active listings in the ZIP; 11 units permitted in Logan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Logan County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 310 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $35k; list at $60k implies a 71% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1934 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 310 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 1934 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.72% ✓
• Cap rate: 15.46%
• Cash-on-cash: 32.72%
• DSCR: 2.46
• GRM: 4.9

CMA / ARV

• ARV (median comp): $157,322
• List price: $60,000
• Delta: -61.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
313 W Main St	0.37mi	3/1.0 (+1)	1,752 (+2%)	4mo	$90,400	$52	70
319 E Mary St	0.05mi	3/2.0 (+1)	1,680 (-2%)	21mo	$152,500	$91	68
1107 N 4th St	0.55mi	3/2.0 (+1)	1,542 (-10%)	6mo	$163,500	$106	44
610 Arch St	0.34mi	3/2.0 (+1)	1,590 (-7%)	23mo	$190,000	$119	44
1104 N 4th St	0.51mi	3/1.5 (+1)	1,479 (-14%)	4mo	$62,000	$42	44
1312 N 5th St	0.55mi	2/2.0	1,464 (-14%)	6mo	$175,000	$120	42
1011 N 3rd St	0.55mi	3/2.5 (+1)	1,874 (+10%)	24mo	$185,000	$99	28
1782 Main St	0.74mi	3/2.0 (+1)	1,478 (-14%)	21mo	$199,500	$135	17

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: 27.8%
• Equity multiple: 2.16×
• Total profit: $19,434
• Equity at exit: $8,946

10-year hold

• IRR: 35.3%
• Equity multiple: 4.24×
• Total profit: $54,408
• Equity at exit: $5,188

Cash invested: $16,800 (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 72855

• Home prices YoY: -8.3%
• Active inventory: 78
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,030 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$16 /mo · $188/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $458

Break-even live

Break-even rent $450

Max offer price $60,000

Occupancy floor 51%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $60,000 Active 310 DOM
2. 2026-06-18
   days on market $60,000 Active 309 DOM
3. 2026-06-17
   days on market $60,000 Active 308 DOM
4. 2026-06-16
   days on market $60,000 Active 307 DOM
5. 2026-06-15
   days on market $60,000 Active 306 DOM
6. 2026-06-14
   days on market $60,000 Active 304 DOM
7. 2026-06-12
   statusdays on market $60,000 Active 303 DOM
8. 2026-06-09
   days on market $60,000 Price Change 300 DOM
9. 2026-06-08
   days on market $60,000 Price Change 299 DOM
10. 2026-06-07
    days on market $60,000 Price Change 298 DOM
11. 2026-06-07
    days on market $60,000 Price Change 297 DOM
12. 2026-06-04
    pricestatusdays on market $60,000 Price Change 294 DOM
13. 2026-06-02
    days on market $40,000 Active 293 DOM
14. 2026-06-01
    days on market $40,000 Active 292 DOM
15. 2026-05-31
    days on market $40,000 Active 291 DOM
16. 2026-05-31
    days on market $40,000 Active 290 DOM
17. 2026-03-26
    status Back on Market 222-char remark

    Show marketing remark (222 chars)

    Historic fixer upper in the heart of Paris, the Gateway to Mt. Magazine State Park. Detached garage and storage building. Original hardwood floors in entry and living room. Remodel was partially started. Agents see remarks

18. 2026-02-26
    historical Escape Clause 222-char remark

    Show marketing remark (222 chars)

    Historic fixer upper in the heart of Paris, the Gateway to Mt. Magazine State Park. Detached garage and storage building. Original hardwood floors in entry and living room. Remodel was partially started. Agents see remarks

19. 2026-01-28
    price $40,000 222-char remark

    Show marketing remark (222 chars)

    Historic fixer upper in the heart of Paris, the Gateway to Mt. Magazine State Park. Detached garage and storage building. Original hardwood floors in entry and living room. Remodel was partially started. Agents see remarks

20. 2025-08-06
    listed $60,000 New Listing 222-char remark

    Show marketing remark (222 chars)

    Historic fixer upper in the heart of Paris, the Gateway to Mt. Magazine State Park. Detached garage and storage building. Original hardwood floors in entry and living room. Remodel was partially started. Agents see remarks

21. 2022-07-21
    historical
22. 2019-08-25
    listed $48,000
23. 2008-04-02
    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: $188 · $16/mo
• Projected year-2 tax: $384 · $32/mo
• Expected delta: +$196/yr (+$16/mo · 104.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥113°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $12,356
• − Mortgage interest: −$3,361
• − Property taxes: −$188
• − Insurance: −$300
• − Repairs & maintenance: −$988
• − Management: −$988
• − Depreciation: −$1,745
• Taxable income: $4,784
• Est. tax owed @ 24.0%: −$1,148
• After-tax cash flow: $4,349/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: Paris School District
• NCES district ID: 0511130
• Math proficiency: 41% ▼ -9.00%
• Reading proficiency: 37% ▼ -6.00%
• Median HH income: $34,950
• Composite: 32.25/100
• National rank: #5763
• State rank: #83 of 238 in AR

Livability — Paris

• Score: 69/100
• State rank: #68
• US rank: #8544

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Paris, AR
• Population (ZIP): 6,462

Population outlook (Logan County) Hauer SSP2

• Today (2025): 21,046 people
• By 2030: 20,537 · -2.4%
• By 2040: 19,443 · -7.6%
• By 2050: 18,220 · -13.4%
• By 2075: 16,164 · -23.2%
• By 2100: 14,858 · -29.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 8% Asian 3% Hispanic / Latino 2%
• Common ancestry: Italian 1% Serbian 1% Lithuanian 1%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 95% English-only · Spanish 3% Other Asian/Pacific 1% Chinese 1%

Political lean MEDSL · Logan

• 2024 margin: Solid R (+62.2) · D 17.8% · R 80.0% · Other 2.1%
• 2008→2024 swing: -23.5pp toward R · 2008: -38.8pp · 2024: -62.2pp
• All cycles: 2024: R+62.2 2020: R+59.5 2016: R+51.4 2012: R+41.9 2008: R+38.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -15.40%
• Current HPI: 170.513
• 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

+14.3% since first listed

7 events — show timeline

• 2026-03-26 Relisted — CARMLS
• 2026-02-26 Contingent — CARMLS
• 2026-01-28 Price Changed $40,000 CARMLS
• 2025-08-06 Listed $60,000 CARMLS
• 2022-07-21 Listing Removed — CARMLS
• 2019-08-25 Listed $48,000 CARMLS
• 2008-04-02 Sold (Public Records) $35,000 Public Records

Property tax history

-3.4%/yr

Latest (2025): $188 · +0.0% YoY. Source: county tax records.