10703 Thunder Rd · Elkins, AR 72701

$226,500

4 bd · 2.0 ba · 2,000 sqft · SingleFamily public records · 71 Days on market

Built 1970 2.64 ac lot $113/sqft · 42% below area Est $387k · 42% under

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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 +18.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.8/10.0
• 1% rule +4.6/10.0
• Schools +3.6/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special on Acreage in Fayetteville! This home approximately 2,000 sq ft home sits on a spacious 2.64-acre lot, offering endless potential for the right buyer. Nestled in a quiet, more rural setting while still within reach of everything Fayetteville has to offer, this property is perfect for investors, flippers, or buyers looking to build equity. The home is a true fixer-upper and will require repairs and updates, but the solid footprint and generous square footage provide a great starting point for renovation. The acreage offers room to expand, add outbuildings, or create your ideal outdoor space. Whether you’re looking for your next project or a property with land in a desirable area, this is a rare opportunity to transform a home with great upside potential. Sold as-is. Bring your vision and make it your own!

Key facts

• Rare opportunity
• Quiet setting
• Spacious lot

Tags

• SPACIOUS LOT
• QUIET SETTING
• OUTDOOR SPACE
• RARE OPPORTUNITY

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $226k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (3.6% below list).
• Recommended offer: $213k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.2% in Elkins — 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 64/100 on livability (#186 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Elkins School District (rural): math 43% / reading 40% proficiency, ranked #57 of 238 in AR (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 525 active listings in the ZIP; 3,494 units permitted in Washington County in 2024 (1,497 in 5+ unit buildings).
• At $2,184/mo this rent would consume 47% of the median local household income ($56k/yr) (locally 2582% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Washington County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $212,910 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 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 1970 — 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. 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: 0.96% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.03%
• DSCR: 1.18
• GRM: 8.6

CMA / ARV

• ARV (median comp): $387,409
• List price: $226,500
• Delta: -41.53%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.64% rent growth · sell at horizon

5-year hold

• IRR: -10.4%
• Equity multiple: 0.62×
• Total profit: $-23,936
• Equity at exit: $33,772

10-year hold

• IRR: -1.5%
• Equity multiple: 0.90×
• Total profit: $-6,599
• Equity at exit: $19,584

Cash invested: $63,420 (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 72701

• Rents YoY: 2.6%
• Active inventory: 525
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,184 medium
• Mortgage (P&I): −$1,188
• Tax from tax record: −$231 /mo · $2,768/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $213

Break-even live

Break-even rent $1,915

Max offer price $226,500

Occupancy floor 85%

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: $56,625
• Closing costs: $6,795
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-04-27
   price $238,000 839-char remark

   Show marketing remark (839 chars)

   Investor Special on Acreage in Fayetteville! This home approximately 2,000 sq ft home sits on a spacious 2.64-acre lot, offering endless potential for the right buyer. Nestled in a quiet, more rural setting while still within reach of everything Fayetteville has to offer, this property is perfect for investors, flippers, or buyers looking to build equity. The home is a true fixer-upper and will require repairs and updates, but the solid footprint and generous square footage provide a great starting point for renovation. The acreage offers room to expand, add outbuildings, or create your ideal outdoor space. Whether you’re looking for your next project or a property with land in a desirable area, this is a rare opportunity to transform a home with great upside potential. Sold as-is. Bring your vision and make it your own!

2. 2026-03-18
   listed $251,500 Active 839-char remark

   Show marketing remark (839 chars)

   Investor Special on Acreage in Fayetteville! This home approximately 2,000 sq ft home sits on a spacious 2.64-acre lot, offering endless potential for the right buyer. Nestled in a quiet, more rural setting while still within reach of everything Fayetteville has to offer, this property is perfect for investors, flippers, or buyers looking to build equity. The home is a true fixer-upper and will require repairs and updates, but the solid footprint and generous square footage provide a great starting point for renovation. The acreage offers room to expand, add outbuildings, or create your ideal outdoor space. Whether you’re looking for your next project or a property with land in a desirable area, this is a rare opportunity to transform a home with great upside potential. Sold as-is. Bring your vision and make it your own!

3. 2023-04-03
   soldstatus $288,000 5-char remark

   Show marketing remark (5 chars)

   Sold.

4. 2022-03-17
   soldstatus $288,000
5. 2022-03-16
   listed 5-char remark

   Show marketing remark (5 chars)

   Sold.

6. 2007-09-04
   soldstatus $150,000
7. 2001-06-22
   soldstatus $99,500

ⓘ 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: $2,768 · $231/mo
• Projected year-2 tax: $2,768 · $231/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 5/10 Major
• 🌡 Heat 4/10 Moderate 6 d/yr ≥104°F today · 17 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: $26,213
• − Mortgage interest: −$12,688
• − Property taxes: −$2,768
• − Insurance: −$1,132
• − Repairs & maintenance: −$2,097
• − Management: −$2,097
• − Depreciation: −$6,589
• Taxable loss: −$1,159
• Est. tax savings @ 24.0%: +$278
• After-tax cash flow: $2,832/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: Elkins School District
• NCES district ID: 0505760
• Math proficiency: 43% ▼ -5.00%
• Reading proficiency: 40% ▼ -5.00%
• Median HH income: $49,357
• Composite: 35.69/100
• National rank: #4867
• State rank: #57 of 238 in AR

Livability — Elkins

• Score: 64/100
• State rank: #186
• US rank: #14848

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Washington County · 252,056 people
• City population: 6,703
• Metro: Fayetteville-Springdale-Rogers, AR
• Population (ZIP): 49,835
• Household income: $55,506
• Rent vs Own: 56.6% rent · 43.4% own
• Severe rent burden: 2582.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 271,748 people
• By 2030: 296,414 · +9.1%
• By 2040: 346,874 · +27.6%
• By 2050: 398,552 · +46.7%
• By 2075: 523,309 · +92.6%
• By 2100: 615,280 · +126.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Two or more races 12% Hispanic / Latino 8% Black 5% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 5% · Canada, China, Vietnam
• Languages at home: 93% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Washington

• 2024 margin: Lean R (+6.7) · D 45.1% · R 51.7% · Other 3.2%
• 2008→2024 swing: +6.4pp toward D · 2008: -13.1pp · 2024: -6.7pp
• All cycles: 2024: R+6.7 2020: R+3.9 2016: R+10.4 2012: R+16.3 2008: R+13.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -326.86%
• Current HPI: 329.5644
• Rent YoY: ▲ 2.64%
• Metro: Fayetteville-Springdale-Rogers, 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

+139.2% since first listed

7 events — show timeline

• 2026-04-27 Price Changed $238,000 NWARMLS
• 2026-03-18 Listed $251,500 NWARMLS
• 2023-04-03 Sold (MLS) $288,000 WRVBOR
• 2022-03-17 Sold (Public Records) $288,000 Public Records
• 2022-03-16 Listed — WRVBOR
• 2007-09-04 Sold (Public Records) $150,000 Public Records
• 2001-06-22 Sold (Public Records) $99,500 Public Records

Property tax history

+16.6%/yr

Latest (2025): $2,768 · +0.0% YoY. Source: county tax records.