350 E Military Dr · North Little Rock, AR 72118

$90,000

3 bd · 2.0 ba · 1,349 sqft · SingleFamily public records · 96 Days on market

Built 1945 9,583 sqft lot $67/sqft · 27% below area Est $123k · 27% under

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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 +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• 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

Excellent area to have your first home or to flip a house. House needs updates and price is reflecting that. 3 bedrooms, 2 bathrooms. Big driveway. Nice flat yard. Location is close to I-40, from there a few minutes to West Little Rock, to LIttle Rock and to the North side of Central Arkansas. Call to set up an appointment. House is sold AS-IS, inspections are welcome. Tambien informacion en Español!!! AGENTS SEE REMARKS FOR SHOWINGS

Key facts

• Close to i-40
• Big driveway
• Flat yard

Tags

• BIG DRIVEWAY
• FLAT YARD
• CLOSE TO I-40
• DETACHED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 5.0% 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); 107 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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 $30k; list at $90k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• 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 $81,900 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 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 1945 — 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: 1.27% ✓
• Cap rate: 10.06%
• Cash-on-cash: 13.45%
• DSCR: 1.60
• GRM: 6.6

CMA / ARV

• ARV (median comp): $122,862
• List price: $90,000
• Delta: -26.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
319 Wilson St	0.12mi	3/2.0	1,336 (-1%)	5mo	$125,000	$94	88
808 Shamrock Dr	0.36mi	3/1.0	1,300 (-4%)	2mo	$145,000	$112	71
1913 Buffalo Trl	0.43mi	3/2.0	1,275 (-6%)	1mo	$90,000	$71	70
106 Kansas Ave	0.18mi	3/2.0	1,526 (+13%)	2mo	$175,000	$115	68
119 Utah St	0.28mi	3/2.0	1,487 (+10%)	6mo	$168,000	$113	65
407 Rock St	0.17mi	2/1.0 (-1)	1,236 (-8%)	6mo	$45,000	$36	64
1304 W 55th St	0.52mi	3/1.5	1,287 (-5%)	5mo	$99,090	$77	62
1313 Cody Pl	0.58mi	3/2.0	1,255 (-7%)	3mo	$159,000	$127	59
145 Ray St	0.25mi	3/1.0	1,160 (-14%)	2mo	$83,100	$72	59
13 Theresa Dr	0.68mi	2/2.0 (-1)	1,427 (+6%)	0mo	$80,000	$56	53
5431 Chauvin Dr	0.62mi	3/1.5	1,540 (+14%)	0mo	$96,000	$62	45
1108 Nicole	0.73mi	3/2.0	1,195 (-11%)	7mo	$115,000	$96	42

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: 6.3%
• Equity multiple: 1.25×
• Total profit: $6,332
• Equity at exit: $13,419

10-year hold

• IRR: 17.8%
• Equity multiple: 2.64×
• Total profit: $41,322
• Equity at exit: $7,782

Cash invested: $25,200 (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: 107
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,145 high
• Mortgage (P&I): −$472
• Tax from tax record: −$112 /mo · $1,349/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $282

Break-even live

Break-even rent $787

Max offer price $90,000

Occupancy floor 70%

Sensitivity live

Price	-10% $333	-5% $308	+0% $282	+5% $257	+10% $231
Rent	-10% $192	-5% $237	+0% $282	+5% $328	+10% $373
Rate	-1.0pp $328	-0.5pp $305	base $282	+0.5pp $259	+1.0pp $235

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 Rock St North Little Rock, AR	3.0	1.0	1236	$1,395	$1.13	45d	1	0.14mi
2214 Coors Dr North Little Rock, AR	3.0	2.0	1096	$1,050	$0.96	24d	1	0.16mi
2508 W 58th St North Little Rock, AR	2.0	1.0	1048	$825	$0.79	45d	1	0.28mi
5708 Sonora Dr North Little Rock, AR	3.0	1.0	900	$1,100	$1.22	24d	1	0.39mi
119 Texas Ave North Little Rock, AR	3.0	1.5	1550	$1,425	$0.92	45d	1	0.40mi
426 Sierra Madre Dr North Little Rock, AR	2.0	1.0	1000	$900	$0.90	15d	1	0.45mi
5705 Sorenson St Unit B North Little Rock, AR	2.0	1.5	1050	$700	$0.67	15d	1	0.48mi
5709 Sorenson St Unit A North Little Rock, AR	2.0	1.5	950	$725	$0.76	24d	1	0.52mi
5709 Sorenson St Unit A North Little Rock, AR	2.0	1.5	950	$725	$0.76	15d	1	0.52mi
5712 Sorenson St North Little Rock, AR	2.0	1.5	1116	$775	$0.69	22d	1	0.53mi
4907 Augusta Cir North Little Rock, AR	1.0–2.0	1.0–1.5	747	$835	$1.12	15d	12	0.54mi
1940 Arrowhead Rd North Little Rock, AR	4.0	1.5	1136	$1,400	$1.23	22d	1	0.57mi
1707 Arrowhead Rd North Little Rock, AR	1.0–2.0	1.0–1.5	656	$865	$1.32	15d	15	0.59mi
5218 Nelbrook Dr North Little Rock, AR	3.0	1.0	954	$1,080	$1.13	24d	1	0.59mi
4926 Francis St Unit B North Little Rock, AR	2.0	1.0	900	$700	$0.78	24d	1	0.62mi
5423 Pike Ave North Little Rock, AR	3.0	2.0	1296	$1,100	$0.85	24d	1	0.65mi
5219 Pike Ave North Little Rock, AR	3.0	1.0	1189	$1,195	$1.01	24d	1	0.67mi
10 Theresa Dr North Little Rock, AR	2.0	1.0	1013	$1,999	$1.97	45d	1	0.68mi
5 Foxboro Ct North Little Rock, AR	3.0	2.0	1270	$1,350	$1.06	45d	1	0.68mi
5804 Foxboro Dr North Little Rock, AR	3.0	2.0	1071	$1,200	$1.12	24d	1	0.69mi
4423 West Dr North Little Rock, AR	3.0	1.0	1322	$1,400	$1.06	22d	1	0.81mi
711 W 54th St North Little Rock, AR	2.0	1.5	936	$925	$0.99	45d	1	0.86mi
6609 Fitts Rd North Little Rock, AR	2.0	1.5	1300	$700	$0.54	45d	1	0.97mi
5612 Crescent Dr North Little Rock, AR	3.0	2.0	1275	$1,150	$0.90	20d	1	0.99mi
11 Sweet Rose Ln North Little Rock, AR	3.0	1.0	950	$1,150	$1.21	45d	1	1.05mi
5 Sweet Rose Ln North Little Rock, AR	3.0	1.5	960	$1,150	$1.20	24d	1	1.07mi
407 W 51st St North Little Rock, AR	3.0	2.0	1368	$1,300	$0.95	45d	1	1.07mi
4912 Gum St North Little Rock, AR	2.0	2.0	888	$875	$0.99	24d	1	1.08mi
4116 Moss St North Little Rock, AR	2.0	1.0	1139	$850	$0.75	24d	1	1.10mi
405 Paula Dr North Little Rock, AR	3.0	1.0	962	$1,095	$1.14	45d	1	1.14mi
58 Somerset Dr North Little Rock, AR	3.0	1.0	910	$1,150	$1.26	45d	1	1.22mi
109 Farmere Cir North Little Rock, AR	3.0	1.0	1051	$1,190	$1.13	45d	1	1.25mi
5413 N Main St North Little Rock, AR	3.0	1.0	1107	$1,075	$0.97	45d	1	1.28mi
5 Oakview Dr North Little Rock, AR	3.0	1.0	884	$995	$1.13	45d	1	1.32mi
1 Oakview Dr North Little Rock, AR	4.0	1.0	1196	$1,275	$1.07	45d	1	1.34mi
5732 Camp Robinson Rd Unit 4 North Little Rock, AR	2.0	1.5	1100	$800	$0.73	45d	1	1.36mi
5732 Camp Robinson Rd Apt 5 North Little Rock, AR	2.0	1.5	1100	$775	$0.70	45d	1	1.38mi
4017 Mellene Dr North Little Rock, AR	3.0	1.0	1094	$1,150	$1.05	45d	1	1.40mi
4000 Emerson Dr North Little Rock, AR	3.0	2.0	1046	$1,195	$1.14	20d	1	1.49mi

Listing history 22 events

1. 2026-06-21
   days on market $90,000 Active 96 DOM
2. 2026-06-18
   days on market $90,000 Active 93 DOM
3. 2026-06-17
   days on market $90,000 Active 92 DOM
4. 2026-06-16
   days on market $90,000 Active 91 DOM
5. 2026-06-15
   days on market $90,000 Active 90 DOM
6. 2026-06-14
   days on market $90,000 Active 88 DOM
7. 2026-06-13
   days on market $90,000 Active 87 DOM
8. 2026-06-10
   days on market $90,000 Active 85 DOM
9. 2026-06-09
   days on market $90,000 Active 84 DOM
10. 2026-06-08
    days on market $90,000 Active 83 DOM
11. 2026-06-07
    days on market $90,000 Active 82 DOM
12. 2026-06-05
    days on market $90,000 Active 79 DOM
13. 2026-06-03
    days on market $90,000 Active 78 DOM
14. 2026-06-02
    days on market $90,000 Active 77 DOM
15. 2026-06-01
    days on market $90,000 Active 76 DOM
16. 2026-05-31
    days on market $90,000 Active 75 DOM
17. 2026-05-31
    days on market $90,000 Active 74 DOM
18. 2026-03-18
    listed $90,000 New Listing 444-char remark

    Show marketing remark (444 chars)

    Excellent area to have your first home or to flip a house. House needs updates and price is reflecting that. 3 bedrooms, 2 bathrooms. Big driveway. Nice flat yard. Location is close to I-40, from there a few minutes to West Little Rock, to LIttle Rock and to the North side of Central Arkansas. Call to set up an appointment. House is sold AS-IS, inspections are welcome. Tambien informacion en Español!!! AGENTS SEE REMARKS FOR SHOWINGS

19. 2014-12-18
    soldstatus $30,000 468-char remark

    Show marketing remark (468 chars)

    VA OWNED PROPERTY. NICE ONE LEVEL HOME ON A NICE LEVEL LOT. CHURCH RIGHT ACROSS THE STREET. NICE HOMES SURROUND IT. NICE DECK ON THE REAR. NEWER CH/CA. Seller does not pay customary closing costs: including title policy, escrow fees, survey or transfer fees. Proof of funds required on cash transactions ; Lender Pre-Approval letter for financed offers (dated within last 30 days) “Property was built prior to 1978 and lead-based paint potentially exists”.

20. 2014-11-05
    historical 468-char remark

    Show marketing remark (468 chars)

    VA OWNED PROPERTY. NICE ONE LEVEL HOME ON A NICE LEVEL LOT. CHURCH RIGHT ACROSS THE STREET. NICE HOMES SURROUND IT. NICE DECK ON THE REAR. NEWER CH/CA. Seller does not pay customary closing costs: including title policy, escrow fees, survey or transfer fees. Proof of funds required on cash transactions ; Lender Pre-Approval letter for financed offers (dated within last 30 days) “Property was built prior to 1978 and lead-based paint potentially exists”.

21. 2014-10-28
    listed $29,900 468-char remark

    Show marketing remark (468 chars)

    VA OWNED PROPERTY. NICE ONE LEVEL HOME ON A NICE LEVEL LOT. CHURCH RIGHT ACROSS THE STREET. NICE HOMES SURROUND IT. NICE DECK ON THE REAR. NEWER CH/CA. Seller does not pay customary closing costs: including title policy, escrow fees, survey or transfer fees. Proof of funds required on cash transactions ; Lender Pre-Approval letter for financed offers (dated within last 30 days) “Property was built prior to 1978 and lead-based paint potentially exists”.

22. 2008-08-05
    soldstatus $69,000

ⓘ 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: $1,349 · $112/mo
• Projected year-2 tax: $1,349 · $112/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 2/10 Low
• 🌡 Heat 7/10 Severe 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: $13,735
• − Mortgage interest: −$5,041
• − Property taxes: −$1,349
• − Insurance: −$450
• − Repairs & maintenance: −$1,099
• − Management: −$1,099
• − Depreciation: −$2,618
• Taxable income: $2,079
• Est. tax owed @ 24.0%: −$499
• After-tax cash flow: $2,889/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

+30.4% since first listed

5 events — show timeline

• 2026-03-18 Listed $90,000 CARMLS
• 2014-12-18 Sold (MLS) $30,000 CARMLS
• 2014-11-05 Listing Removed — CARMLS
• 2014-10-28 Listed $29,900 CARMLS
• 2008-08-05 Sold (Public Records) $69,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,349 · +15.2% YoY. Source: county tax records.