511 E Banks St · England, AR 72046

$122,900

3 bd · 2.0 ba · 1,472 sqft · SingleFamily public records · 100 Days on market

Built 1920 0.27 ac lot $83/sqft · 30% above area Est $123k · at est.

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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 +27.9/30.0
• Appreciation +10.0/10.0
• DSCR +9.9/10.0
• 1% rule +7.7/10.0
• ARV discount +7.7/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Welcome to the charming community of England! This home offers a great opportunity for a first-time buyer or a savvy investor looking to add another property to their portfolio. Enjoy your morning coffee or relaxing summer evenings on the spacious screened-in back porch—perfect for entertaining while staying comfortable and bug-free. The large fenced-in backyard offers both privacy and security, creating a safe space for pets to roam or the perfect spot to start the garden you’ve always dreamed of. HVAC & Roof are 2 years old! Don’t miss your chance to make this property yours—schedule your showing today! ???

Key facts

• Fenced-in backyard
• 0.27 acre lot
• 2 parking spots

Tags

• SCREENED-IN BACK PORCH
• FENCED-IN BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $380 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $123k).
• Recommended offer: $112k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#96 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime D-, amenities F.
• England School District (town): math 27% / reading 28% proficiency, ranked #170 of 238 in AR (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 50 active listings in the ZIP; 185 units permitted in Lonoke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($850 loan paydown + $12k appreciation (10.0% local appreciation)).
• Lonoke County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y 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 $98k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,839 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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 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?
6. 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?
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: 1.27% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.25%
• DSCR: 1.59
• GRM: 6.6

CMA / ARV

• ARV (median comp): $123,485
• List price: $122,900
• Delta: -0.47%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
502 E Taylor St	0.10mi	3/1.5	1,642 (+12%)	13mo	$80,000	$49	64
322 SE 4th St	0.13mi	2/1.0 (-1)	1,364 (-7%)	12mo	$115,000	$84	62
111 SE 4th	0.25mi	3/2.0	1,398 (-5%)	22mo	$79,000	$57	62
102 NE 5th St	0.25mi	2/1.0 (-1)	1,320 (-10%)	4mo	$102,400	$78	59
217 NW 3rd St	0.64mi	2/1.0 (-1)	1,309 (-11%)	9mo	$40,000	$31	36
511 NE First St	0.62mi	3/1.0	1,692 (+15%)	18mo	$148,000	$87	27

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.0%
• Equity multiple: 3.65×
• Total profit: $91,152
• Equity at exit: $110,718

10-year hold

• IRR: 29.3%
• Equity multiple: 8.25×
• Total profit: $249,448
• Equity at exit: $238,768

Cash invested: $34,412 (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 72046

• Home prices YoY: 20.0%
• Active inventory: 50
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,556 medium
• Mortgage (P&I): −$645
• Tax est. 1.5%: −$154 /mo · $1,844/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $380

Break-even live

Break-even rent $1,075

Max offer price $122,900

Occupancy floor 71%

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: $30,725
• Closing costs: $3,687
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $122,900 Active 100 DOM
2. 2026-06-18
   days on market $122,900 Active 99 DOM
3. 2026-06-17
   days on market $122,900 Active 98 DOM
4. 2026-06-16
   days on market $122,900 Active 97 DOM
5. 2026-06-15
   days on market $122,900 Active 96 DOM
6. 2026-06-14
   days on market $122,900 Active 94 DOM
7. 2026-06-12
   statusdays on market $122,900 Active 93 DOM
8. 2026-06-09
   days on market $122,900 Price Change 90 DOM
9. 2026-06-08
   days on market $122,900 Price Change 89 DOM
10. 2026-06-07
    days on market $122,900 Price Change 88 DOM
11. 2026-06-07
    pricestatusdays on market $122,900 Price Change 87 DOM
12. 2026-06-04
    days on market $123,900 Active 84 DOM
13. 2026-06-02
    days on market $123,900 Active 83 DOM
14. 2026-06-01
    days on market $123,900 Active 82 DOM
15. 2026-05-31
    days on market $123,900 Active 81 DOM
16. 2026-05-31
    days on market $123,900 Active 80 DOM
17. 2026-04-16
    price $123,900 647-char remark

    Show marketing remark (647 chars)

    Welcome to the charming community of England! This home offers a great opportunity for a first-time buyer or a savvy investor looking to add another property to their portfolio. Enjoy your morning coffee or relaxing summer evenings on the spacious screened-in back porch—perfect for entertaining while staying comfortable and bug-free. The large fenced-in backyard offers both privacy and security, creating a safe space for pets to roam or the perfect spot to start the garden you’ve always dreamed of. HVAC & Roof are 2 years old! Don’t miss your chance to make this property yours—schedule your showing today! ???

18. 2026-04-03
    price $124,900 647-char remark

    Show marketing remark (647 chars)

    Welcome to the charming community of England! This home offers a great opportunity for a first-time buyer or a savvy investor looking to add another property to their portfolio. Enjoy your morning coffee or relaxing summer evenings on the spacious screened-in back porch—perfect for entertaining while staying comfortable and bug-free. The large fenced-in backyard offers both privacy and security, creating a safe space for pets to roam or the perfect spot to start the garden you’ve always dreamed of. HVAC & Roof are 2 years old! Don’t miss your chance to make this property yours—schedule your showing today! ???

19. 2026-04-01
    price $119,900 647-char remark

    Show marketing remark (647 chars)

    Welcome to the charming community of England! This home offers a great opportunity for a first-time buyer or a savvy investor looking to add another property to their portfolio. Enjoy your morning coffee or relaxing summer evenings on the spacious screened-in back porch—perfect for entertaining while staying comfortable and bug-free. The large fenced-in backyard offers both privacy and security, creating a safe space for pets to roam or the perfect spot to start the garden you’ve always dreamed of. HVAC & Roof are 2 years old! Don’t miss your chance to make this property yours—schedule your showing today! ???

20. 2026-03-11
    listed $124,900 New Listing 647-char remark

    Show marketing remark (647 chars)

    Welcome to the charming community of England! This home offers a great opportunity for a first-time buyer or a savvy investor looking to add another property to their portfolio. Enjoy your morning coffee or relaxing summer evenings on the spacious screened-in back porch—perfect for entertaining while staying comfortable and bug-free. The large fenced-in backyard offers both privacy and security, creating a safe space for pets to roam or the perfect spot to start the garden you’ve always dreamed of. HVAC & Roof are 2 years old! Don’t miss your chance to make this property yours—schedule your showing today! ???

21. 2022-08-05
    soldstatus $98,000
22. 2017-07-12
    soldstatus $75,260
23. 2017-07-05
    soldstatus $75,260 Sold 102-char remark

    Show marketing remark (102 chars)

    Lot of remodeling, floors, paint, bathrooms, kitchen, appliances, fence. New SHOP with concrete floor.

24. 2017-05-15
    status Under Contract 102-char remark

    Show marketing remark (102 chars)

    Lot of remodeling, floors, paint, bathrooms, kitchen, appliances, fence. New SHOP with concrete floor.

25. 2017-05-11
    listed $74,900 New Listing 102-char remark

    Show marketing remark (102 chars)

    Lot of remodeling, floors, paint, bathrooms, kitchen, appliances, fence. New SHOP with concrete floor.

26. 2010-12-27
    soldstatus $35,000

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,671
• − Mortgage interest: −$6,884
• − Property taxes: −$1,844
• − Insurance: −$614
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$3,575
• Taxable income: $2,766
• Est. tax owed @ 24.0%: −$664
• After-tax cash flow: $3,894/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: England School District
• NCES district ID: 0505850
• Math proficiency: 27% ▼ -7.00%
• Reading proficiency: 28% ▼ -2.00%
• Median HH income: $36,807
• Composite: 22.87/100
• National rank: #8006
• State rank: #170 of 238 in AR

Livability — England

• Score: 67/100
• State rank: #96
• US rank: #10256

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: England, AR
• Population (ZIP): 4,128

Population outlook (Lonoke County) Hauer SSP2

• Today (2025): 78,072 people
• By 2030: 80,673 · +3.3%
• By 2040: 84,977 · +8.8%
• By 2050: 87,778 · +12.4%
• By 2075: 91,398 · +17.1%
• By 2100: 87,858 · +12.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Black 20% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 4% Serbian 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Lonoke

• 2024 margin: Solid R (+53.7) · D 22.2% · R 75.8% · Other 2.0%
• 2008→2024 swing: -6.2pp toward R · 2008: -47.5pp · 2024: -53.7pp
• All cycles: 2024: R+53.7 2020: R+52.8 2016: R+53.3 2012: R+50.9 2008: R+47.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 33.41%
• Current HPI: 200.75
• 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

+254.0% since first listed

10 events — show timeline

• 2026-04-16 Price Changed $123,900 CARMLS
• 2026-04-03 Price Changed $124,900 CARMLS
• 2026-04-01 Price Changed $119,900 CARMLS
• 2026-03-11 Listed $124,900 CARMLS
• 2022-08-05 Sold (Public Records) $98,000 Public Records
• 2017-07-12 Sold (Public Records) $75,260 Public Records
• 2017-07-05 Sold (MLS) $75,260 CARMLS
• 2017-05-15 Pending — CARMLS
• 2017-05-11 Listed $74,900 CARMLS
• 2010-12-27 Sold (Public Records) $35,000 Public Records

Property tax history

-5.0%/yr

Latest (2025): $119 · -45.7% YoY. Source: county tax records.