704 S Fifth Ave · Bonanza, AR 72916

$135,000

3 bd · 2.0 ba · 1,430 sqft · SingleFamily public records · 45 Days on market

0.36 ac lot Est $214k · 37% 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 +27.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• Livability +3.3/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Buyers should obtain a free prequalification letter from Wells Fargo Home Mortgage or an entity with Wells FArgo Home Mortgage by working directly with a mortgage consultant or going online at www. wellsfargo.com. Buyers also have the option to provide pro, vide proof of other credit decisioned financing or a NACA (Neighborhood Assistance Corporation of America) Qualification letter. Brick 3 BR, 2 bath on nice corner lot with large kitchen w/ dining area and spacious LR, updated baths, and large outbuilding.

Key facts

• Storage building
• Storm shelter
• Roof replaced

Tags

• SPACIOUS EAT IN KITCHEN
• STORAGE BUILDING
• STORM SHELTER
• WATER HEATER REPLACED
• ROOF REPLACED
• OUTSIDE HVAC UNIT REPLACED

Property features AI

Exterior

• Parking: Attached garage with 1 covered space; Gravel and concrete driveway; Garage door opener
• Utilities: Public water; Sewer available; Electricity available; Natural gas available
• Home design: Single-family house; One story
• Construction: Brick construction; Shingle roof
• Exterior features: Outbuilding; Publicly maintained road

Interior

• Kitchen: Range; Dishwasher; Gas water heater
• Flooring: Carpet; Ceramic tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Eat-in kitchen; Blinds on windows
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $401 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#137 in AR) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Hackett School District (rural): math 24% / reading 29% proficiency, ranked #173 of 238 in AR (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hackett Elementary School (math 24% / reading 16%, grade F, #376 of 454 statewide, top 84%, 493 students, 100% FRL); Hackett High School (math 24% / reading 40%, grade F, #119 of 292 statewide, top 43%, 327 students, 100% FRL) — zoned schools average 100% FRL vs 54% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 235 active listings in the ZIP; solid renter incomes; 388 units permitted in Sebastian County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Sebastian County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $30k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $68k; list at $135k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 9.86%
• Cash-on-cash: 12.73%
• DSCR: 1.57
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $214,500
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
501 S Fifth Ave	0.15mi	3/1.0	1,428 (-0%)	6mo	$258,000	$181	84
1018 Lavender Rd	0.29mi	3/2.5	1,378 (-4%)	1mo	$234,000	$170	78
1127 Lavender Rd	0.31mi	3/2.5	1,503 (+5%)	22mo	$225,000	$150	56
1100 Lavender Rd	0.29mi	3/2.5	1,503 (+5%)	24mo	$225,000	$150	56
111 Sherwood Ave	0.51mi	2/2.0 (-1)	1,274 (-11%)	6mo	$140,000	$110	48
505 Sherwood Ave	0.48mi	3/2.0	1,643 (+15%)	21mo	$145,000	$88	35

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 · 1.57% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.03×
• Total profit: $1,294
• Equity at exit: $20,129

10-year hold

• IRR: 9.1%
• Equity multiple: 1.65×
• Total profit: $24,566
• Equity at exit: $11,672

Cash invested: $37,800 (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 72916

• Home prices YoY: -20.1%
• Rents YoY: 1.6%
• Active inventory: 235
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,689 medium
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $401

Break-even live

Break-even rent $1,181

Max offer price $135,000

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $135,000 Active 45 DOM
2. 2026-06-18
   days on market $135,000 Active 44 DOM
3. 2026-06-17
   days on market $135,000 Active 43 DOM
4. 2026-06-16
   days on market $135,000 Active 42 DOM
5. 2026-06-15
   days on market $135,000 Active 41 DOM
6. 2026-06-14
   days on market $135,000 Active 39 DOM
7. 2026-06-13
   days on market $135,000 Active 38 DOM
8. 2026-06-10
   days on market $135,000 Active 36 DOM
9. 2026-06-09
   days on market $135,000 Active 35 DOM
10. 2026-06-08
    days on market $135,000 Active 34 DOM
11. 2026-06-07
    days on market $135,000 Active 33 DOM
12. 2026-06-05
    days on market $135,000 Active 30 DOM
13. 2026-06-03
    days on market $135,000 Active 29 DOM
14. 2026-06-02
    days on market $135,000 Active 28 DOM
15. 2026-06-01
    days on market $135,000 Active 27 DOM
16. 2026-05-31
    days on market $135,000 Active 26 DOM
17. 2026-05-30
    days on market $135,000 Active 25 DOM
18. 2026-05-20
    price $135,000
19. 2026-05-19
    status Active
20. 2026-05-10
    status Pending
21. 2026-04-27
    listed $165,000 Active
22. 2013-10-15
    soldstatus $68,000 513-char remark

    Show marketing remark (513 chars)

    Buyers should obtain a free prequalification letter from Wells Fargo Home Mortgage or an entity with Wells FArgo Home Mortgage by working directly with a mortgage consultant or going online at www. wellsfargo.com. Buyers also have the option to provide pro, vide proof of other credit decisioned financing or a NACA (Neighborhood Assistance Corporation of America) Qualification letter. Brick 3 BR, 2 bath on nice corner lot with large kitchen w/ dining area and spacious LR, updated baths, and large outbuilding.

23. 2013-09-11
    listed $69,500 513-char remark

    Show marketing remark (513 chars)

    Buyers should obtain a free prequalification letter from Wells Fargo Home Mortgage or an entity with Wells FArgo Home Mortgage by working directly with a mortgage consultant or going online at www. wellsfargo.com. Buyers also have the option to provide pro, vide proof of other credit decisioned financing or a NACA (Neighborhood Assistance Corporation of America) Qualification letter. Brick 3 BR, 2 bath on nice corner lot with large kitchen w/ dining area and spacious LR, updated baths, and large outbuilding.

24. 2012-05-30
    soldstatus $83,000

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥112°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,263
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$675
• − Repairs & maintenance: −$1,621
• − Management: −$1,621
• − Depreciation: −$3,927
• Taxable income: $2,831
• Est. tax owed @ 24.0%: −$679
• After-tax cash flow: $4,133/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: Hackett School District
• NCES district ID: 0507170
• Math proficiency: 24% ▼ -16.00%
• Reading proficiency: 29% ▼ -17.00%
• Median HH income: $42,751
• Composite: 22.59/100
• National rank: #8071
• State rank: #173 of 238 in AR

Livability — Bonanza

• Score: 66/100
• State rank: #137
• US rank: #12289

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bonanza, AR
• County: Sebastian County · 99,312 people
• Metro: Fort Smith, AR-OK
• Population (ZIP): 11,711
• Household income: $87,983
• Rent vs Own: 28.7% rent · 71.3% own
• Severe rent burden: 141.0

Population outlook (Sebastian County) Hauer SSP2

• Today (2025): 133,992 people
• By 2030: 136,620 · +2.0%
• By 2040: 140,832 · +5.1%
• By 2050: 143,301 · +6.9%
• By 2075: 147,964 · +10.4%
• By 2100: 145,848 · +8.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 10% Asian 7% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 4% Scandinavian 2% Slovak 2%
• Foreign-born: 6% · Canada
• Languages at home: 89% English-only · Spanish 3% Other Asian/Pacific 3% German/W. Germanic 2%

Political lean MEDSL · Sebastian

• 2024 margin: Solid R (+37.5) · D 30.0% · R 67.6% · Other 2.4%
• 2008→2024 swing: -2.9pp toward R · 2008: -34.6pp · 2024: -37.5pp
• All cycles: 2024: R+37.5 2020: R+35.5 2016: R+38.1 2012: R+37.1 2008: R+34.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.92%
• Current HPI: 218.0302
• Rent YoY: ▲ 1.57%
• Metro: Fort Smith, AR-OK
• 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

+62.7% since first listed

7 events — show timeline

• 2026-05-20 Price Changed $135,000 WRVBOR
• 2026-05-19 Relisted — WRVBOR
• 2026-05-10 Pending — WRVBOR
• 2026-04-27 Listed $165,000 WRVBOR
• 2013-10-15 Sold (MLS) $68,000 WRVBOR
• 2013-09-11 Listed $69,500 WRVBOR
• 2012-05-30 Sold (Public Records) $83,000 Public Records

Property tax history

-10.4%/yr

Latest (2025): $117 · -46.1% YoY. Source: county tax records.