1501 W 58th St · North Little Rock, AR 72118

$150,000

4 bd · 2.5 ba · 2,428 sqft · SingleFamily public records · 86 Days on market

Built 1979 7,840 sqft lot $62/sqft · 33% below area Est $167k · 10% under ↓ 2% 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 +24.3/30.0
• ARV discount +12.2/15.0
• DSCR +7.8/10.0
• 1% rule +6.0/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 4-bedroom, 2 and a half bath, 2-story home in North Little Rock, Arkansas. Features a versatile game room and 1 car garage. Situated on a sloping lot, this property offers unique elevated views of the surrounding neighborhood with a wooded back drop for added enjoyment. The back deck overlooks mature trees and a fun tree house. Home does need a little TLC but it's priced accordingly making it great opportunity for buyers looking to personalize their space and add value. Quick access to the interstate. Nearby amenities include Burns Park with trails, parks, and golf! McCain Mall or Lakewood Village for shopping and dining options. Grass in exterior photos has been professionally altered to reflect spring. Agents see remarks for additional info and showing instructions. Some photos are AI enhanced, appearance may vary.

Key facts

• Tree house
• Quick access
• Wooded back drop

Tags

• ELEVATED VIEWS
• WOODED BACK DROP
• BACK DECK
• MATURE TREES
• TREE HOUSE
• QUICK ACCESS

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.1% in North Little Rock — 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 73/100 on livability (#24 in AR) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, crime F, amenities F.
• N. Little Rock School District (urban): math 21% / reading 26% proficiency, ranked #191 of 238 in AR (top 80%) — 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: Rents rising fast (+5.5%/yr); 105 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pulaski County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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: 1.10% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.63%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

• ARV (median comp): $167,303
• List price: $150,000
• Delta: -10.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5708 Alta Vista Dr	0.23mi	3/2.0 (-1)	2,188 (-10%)	9mo	$175,000	$80	58
705 Shamrock Dr	0.13mi	5/3.0 (+1)	2,690 (+11%)	17mo	$190,000	$71	55
819 W 55th St	0.44mi	4/2.5	2,063 (-15%)	10mo	$137,000	$66	46

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 · 5.47% rent growth · sell at horizon

5-year hold

• IRR: -0.5%
• Equity multiple: 0.98×
• Total profit: $-857
• Equity at exit: $22,365

10-year hold

• IRR: 11.5%
• Equity multiple: 2.01×
• Total profit: $42,212
• Equity at exit: $12,969

Cash invested: $42,000 (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 72118

• Home prices YoY: -17.9%
• Rents YoY: 5.5%
• Active inventory: 105
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,653 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$155 /mo · $1,856/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $302

Break-even live

Break-even rent $1,271

Max offer price $150,000

Occupancy floor 77%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
418 Sierra Madre Dr North Little Rock, AR	5.0	2.5	2100	$1,900	$0.90	43d	1	0.87mi
4612 N Cypress St North Little Rock, AR	3.0	2.0	1636	$1,450	$0.89	43d	1	1.39mi
808 Silver Hill Rd Unit NA North Little Rock, AR	3.0	2.0	1850	$1,600	$0.86	19d	1	1.40mi
5109 N Cedar St North Little Rock, AR	4.0	2.0	2185	$1,595	$0.73	43d	1	1.50mi

Listing history 23 events

1. 2026-06-18
   days on market $150,000 Active 86 DOM
2. 2026-06-17
   days on market $150,000 Active 85 DOM
3. 2026-06-16
   days on market $150,000 Active 84 DOM
4. 2026-06-15
   days on market $150,000 Active 83 DOM
5. 2026-06-14
   days on market $150,000 Active 81 DOM
6. 2026-06-13
   days on market $150,000 Active 80 DOM
7. 2026-06-10
   days on market $150,000 Active 78 DOM
8. 2026-06-09
   days on market $150,000 Active 77 DOM
9. 2026-06-08
   days on market $150,000 Active 76 DOM
10. 2026-06-07
    days on market $150,000 Active 75 DOM
11. 2026-06-05
    days on market $150,000 Active 72 DOM
12. 2026-06-03
    statusdays on market $150,000 Active 71 DOM
13. 2026-06-02
    days on market $150,000 Price Change 70 DOM
14. 2026-06-01
    days on market $150,000 Price Change 69 DOM
15. 2026-05-31
    days on market $150,000 Price Change 68 DOM
16. 2026-05-31
    days on market $150,000 Price Change 67 DOM
17. 2026-05-12
    price $145,000 838-char remark

    Show marketing remark (838 chars)

    Spacious 4-bedroom, 2 and a half bath, 2-story home in North Little Rock, Arkansas. Features a versatile game room and 1 car garage. Situated on a sloping lot, this property offers unique elevated views of the surrounding neighborhood with a wooded back drop for added enjoyment. The back deck overlooks mature trees and a fun tree house. Home does need a little TLC but it's priced accordingly making it great opportunity for buyers looking to personalize their space and add value. Quick access to the interstate. Nearby amenities include Burns Park with trails, parks, and golf! McCain Mall or Lakewood Village for shopping and dining options. Grass in exterior photos has been professionally altered to reflect spring. Agents see remarks for additional info and showing instructions. Some photos are AI enhanced, appearance may vary.

18. 2026-04-21
    price $159,000 838-char remark

    Show marketing remark (838 chars)

    Spacious 4-bedroom, 2 and a half bath, 2-story home in North Little Rock, Arkansas. Features a versatile game room and 1 car garage. Situated on a sloping lot, this property offers unique elevated views of the surrounding neighborhood with a wooded back drop for added enjoyment. The back deck overlooks mature trees and a fun tree house. Home does need a little TLC but it's priced accordingly making it great opportunity for buyers looking to personalize their space and add value. Quick access to the interstate. Nearby amenities include Burns Park with trails, parks, and golf! McCain Mall or Lakewood Village for shopping and dining options. Grass in exterior photos has been professionally altered to reflect spring. Agents see remarks for additional info and showing instructions. Some photos are AI enhanced, appearance may vary.

19. 2026-03-23
    listed $165,000 New Listing 838-char remark

    Show marketing remark (838 chars)

    Spacious 4-bedroom, 2 and a half bath, 2-story home in North Little Rock, Arkansas. Features a versatile game room and 1 car garage. Situated on a sloping lot, this property offers unique elevated views of the surrounding neighborhood with a wooded back drop for added enjoyment. The back deck overlooks mature trees and a fun tree house. Home does need a little TLC but it's priced accordingly making it great opportunity for buyers looking to personalize their space and add value. Quick access to the interstate. Nearby amenities include Burns Park with trails, parks, and golf! McCain Mall or Lakewood Village for shopping and dining options. Grass in exterior photos has been professionally altered to reflect spring. Agents see remarks for additional info and showing instructions. Some photos are AI enhanced, appearance may vary.

20. 2022-04-20
    soldstatus $155,000
21. 2022-04-14
    soldstatus $155,000 Sold 363-char remark

    Show marketing remark (363 chars)

    This nicely maintained home has plenty of space with a large great room or man cave downstairs. It backs up to a Green space and has a large deck off the upstairs master. A welcoming front porch offers vista views. Tons of storage with freshly stained cabinets in the kitchen and new flooring in the kitchen, living room and hall. Neat as a pin. Come take a look.

22. 2022-03-18
    historical Take Backups 363-char remark

    Show marketing remark (363 chars)

    This nicely maintained home has plenty of space with a large great room or man cave downstairs. It backs up to a Green space and has a large deck off the upstairs master. A welcoming front porch offers vista views. Tons of storage with freshly stained cabinets in the kitchen and new flooring in the kitchen, living room and hall. Neat as a pin. Come take a look.

23. 2022-03-14
    listed $148,200 New Listing 363-char remark

    Show marketing remark (363 chars)

    This nicely maintained home has plenty of space with a large great room or man cave downstairs. It backs up to a Green space and has a large deck off the upstairs master. A welcoming front porch offers vista views. Tons of storage with freshly stained cabinets in the kitchen and new flooring in the kitchen, living room and hall. Neat as a pin. Come take a look.

ⓘ 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: $1,856 · $155/mo
• Projected year-2 tax: $1,856 · $155/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,835
• − Mortgage interest: −$8,402
• − Property taxes: −$1,856
• − Insurance: −$750
• − Repairs & maintenance: −$1,587
• − Management: −$1,587
• − Depreciation: −$4,364
• Taxable income: $1,289
• Est. tax owed @ 24.0%: −$309
• After-tax cash flow: $3,315/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: N. Little Rock School District
• NCES district ID: 0510680
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $38,325
• Composite: 19.69/100
• National rank: #8728
• State rank: #191 of 238 in AR

Livability — North Little Rock

• Score: 73/100
• State rank: #24
• US rank: #5452

Category grades

Amenities F Commute A+ 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: North Little Rock, AR
• County: Pulaski County · 372,764 people
• City population: 55,470
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 22,913
• Household income: $49,559
• Rent vs Own: 48.8% rent · 51.2% own
• Severe rent burden: 1149.0

Population outlook (Pulaski County) Hauer SSP2

• Today (2025): 415,378 people
• By 2030: 423,720 · +2.0%
• By 2040: 435,182 · +4.8%
• By 2050: 440,904 · +6.1%
• By 2075: 445,521 · +7.3%
• By 2100: 419,173 · +0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 42% White 42% Hispanic / Latino 11% Two or more races 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Pulaski

• 2024 margin: Strong D (+22.1) · D 59.8% · R 37.7% · Other 2.5%
• 2008→2024 swing: +10.6pp toward D · 2008: 11.6pp · 2024: 22.1pp
• All cycles: 2024: D+22.1 2020: D+22.5 2016: D+17.9 2012: D+11.4 2008: D+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.32%
• Current HPI: 180.6901
• Rent YoY: ▲ 5.47%
• 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

Price history

-2.2% since first listed

7 events — show timeline

• 2026-05-12 Price Changed $145,000 CARMLS
• 2026-04-21 Price Changed $159,000 CARMLS
• 2026-03-23 Listed $165,000 CARMLS
• 2022-04-20 Sold (Public Records) $155,000 Public Records
• 2022-04-14 Sold (MLS) $155,000 CARMLS
• 2022-03-18 Contingent — CARMLS
• 2022-03-14 Listed $148,200 CARMLS

Property tax history

+3.3%/yr

Latest (2025): $1,856 · +6.0% YoY. Source: county tax records.