3423 Walker St · Little Rock, AR 72204

$184,000

4 bd · 1.0 ba · 1,557 sqft · SingleFamily public records · 11 Days on market

Built 1946 0.30 ac lot Est $148k · 24% over

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Why this score? — see what drove the F 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 +15.1/30.0
• DSCR +4.6/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Discover the perfect blend of modern comfort and incredible value in this stunning, fully renovated 4-bedroom, 2-bath home! Every detail has been thoughtfully updated, featuring a brand-new roof, new HVAC, new water heater, and stylish, durable luxury vinyl plank flooring throughout. The kitchen and laundry areas are fully equipped with all-new appliances—including the refrigerator, washer, and dryer—all of which convey with the property. Situated on a beautiful, spacious lot that includes an outdoor shed, this turnkey home offers peace of mind and effortless living. Priced at an unbeatable $184,000, this amazing opportunity will not last long! Please note that the seller is not

Key facts

• Fully renovated
• Brand new roof
• New hvac

Tags

• FULLY RENOVATED
• BRAND NEW ROOF
• NEW HVAC
• NEW WATER HEATER
• LUXURY VINYL PLANK FLOORING
• ALL NEW APPLIANCES

Property features AI

Finance

• Financial info: Financing available: VA, FHA, conventional loans, or cash

Exterior

• Parking: Parking for 2 cars; Additional parking (see remarks)
• Utilities: Public sewer; Public water; Municipal electric (Entergy); Natural gas
• Home design: Frame exterior
• Construction: Crawl space foundation; Composition roof
• Exterior features: Wooded and cleared lot

Interior

• Kitchen: Built-in stove
• Bedrooms: Bedrooms: (see full listing for bedroom count and room levels)
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central cooling (electric)
• Interior features: Electric water heater; Sheet rock walls and sheet rock ceilings
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $184k.

Deal economics

• At list price, monthly cash flow is $61 ($732/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 $151k (18.1% below list).
• Recommended offer: $151k (18.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.1% in 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 (#22 in AR) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F.
• Little Rock School District (urban): math 23% / reading 26% proficiency, ranked #183 of 238 in AR (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 187 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% of the median local income ($41k/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 $6k 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.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $49k; list at $184k implies a 276% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — 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 $150,612 (18.1% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.82% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.42%
• DSCR: 1.06
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $147,915
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3124 Boyd St	0.28mi	3/1.0 (-1)	1,448 (-7%)	2mo	$38,921	$27	68
8224 W 36th St	0.09mi	3/2.0 (-1)	1,440 (-8%)	9mo	$150,000	$104	67
3207 Wynne St	0.28mi	4/2.0	1,629 (+5%)	16mo	$82,000	$50	62
2611 Elkhart Dr	0.52mi	4/2.5	1,625 (+4%)	1mo	$160,000	$98	61
2820 Zion St	0.38mi	3/2.0 (-1)	1,523 (-2%)	10mo	$199,950	$131	61
7713 W 29th St	0.47mi	3/1.5 (-1)	1,472 (-6%)	9mo	$140,000	$95	54
8824 W 30th St	0.54mi	4/1.0	1,354 (-13%)	2mo	$45,000	$33	52
7 Lehigh Ct	0.75mi	4/2.0	1,575 (+1%)	10mo	$195,000	$124	51
2601 Longcoy St	0.62mi	3/2.0 (-1)	1,435 (-8%)	2mo	$193,000	$134	47
2608 Tatum St	0.59mi	3/2.0 (-1)	1,668 (+7%)	13mo	$98,000	$59	41
8024 W 43rd St	0.50mi	3/2.0 (-1)	1,333 (-14%)	13mo	$88,000	$66	33
4018 Elam St	0.69mi	3/1.0 (-1)	1,337 (-14%)	9mo	$90,000	$67	32

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.55×
• Total profit: $-23,044
• Equity at exit: $27,435

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,740
• Equity at exit: $15,909

Cash invested: $51,520 (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 72204

• Home prices YoY: -21.5%
• Rents YoY: 4.9%
• Active inventory: 187
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,506 high
• Mortgage (P&I): −$965
• Tax from tax record: −$87 /mo · $1,047/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $61

Break-even live

Break-even rent $1,429

Max offer price $184,000

Occupancy floor 91%

Sensitivity live

Price	-10% $165	-5% $113	+0% $61	+5% $9	+10% $-43
Rent	-10% $-58	-5% $2	+0% $61	+5% $121	+10% $180
Rate	-1.0pp $154	-0.5pp $108	base $61	+0.5pp $13	+1.0pp $-35

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: $46,000
• Closing costs: $5,520
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3004 Walker St Little Rock, AR	4.0	1.0	1300	$995	$0.77	16d	1	0.26mi
4108 Longcoy St Little Rock, AR	4.0	2.0	1148	$1,600	$1.39	16d	1	0.56mi
2706 Longcoy St Little Rock, AR	3.0	2.0	1200	$1,250	$1.04	45d	1	0.56mi
9105 W 36th St Little Rock, AR	3.0	2.0	1200	$1,295	$1.08	16d	1	0.61mi
2412 Vancouver Dr Little Rock, AR	3.0	1.5	1104	$1,200	$1.09	45d	1	0.63mi
3724 Holt St Little Rock, AR	3.0	2.0	1200	$1,300	$1.08	25d	1	0.69mi
10 Talmage Dr Little Rock, AR	3.0	2.0	1805	$1,500	$0.83	23d	1	0.73mi
3624 Bowers St Little Rock, AR	3.0	1.5	2004	$1,800	$0.90	45d	1	0.74mi
4112 Elam St Little Rock, AR	3.0	1.0	1188	$1,145	$0.96	25d	1	0.74mi
2221 Dorchester Dr Little Rock, AR	4.0	2.0	1660	$1,595	$0.96	45d	1	0.78mi
4421 Malloy St Unit B Little Rock, AR	3.0	1.5	1250	$1,300	$1.04	25d	1	0.82mi
9401 Courtney Cv Little Rock, AR	3.0	2.0	1500	$2,029	$1.35	25d	1	0.86mi
2900 Lehigh Dr Unit 2900 Little Rock, AR	3.0	2.0	1600	$2,029	$1.27	25d	1	0.87mi
2823 Covenant Cv Little Rock, AR	3.0	2.0	1500	$2,029	$1.35	25d	1	0.88mi
9416 Covenant Ln Little Rock, AR	3.0	2.0	1550	$2,029	$1.31	25d	1	0.93mi
46 Glenmere Dr Little Rock, AR	3.0	1.0	1080	$1,150	$1.06	45d	1	1.18mi
2101 Romine Rd Little Rock, AR	4.0	1.5	1380	$1,450	$1.05	45d	1	1.24mi
9409 Cerelle Dr Little Rock, AR	3.0	1.5	1432	$1,375	$0.96	25d	1	1.36mi
65 Lakeside Dr Little Rock, AR	3.0	2.0	1205	$1,275	$1.06	21d	1	1.36mi
99 Broadmoor Dr Little Rock, AR	3.0	1.5	1224	$1,195	$0.98	45d	1	1.38mi
32 Barbara Dr Little Rock, AR	3.0	2.0	1201	$1,195	$1.00	25d	1	1.38mi
58 Berkshire Dr Little Rock, AR	3.0	1.5	1304	$1,250	$0.96	25d	1	1.41mi
2311 Nichols Rd Little Rock, AR	4.0	2.0	1480	$1,895	$1.28	45d	1	1.41mi
107 Broadmoor Dr Little Rock, AR	3.0	1.0	1202	$1,025	$0.85	45d	1	1.44mi
10005 W 20th St Unit a Little Rock, AR	3.0	2.5	1545	$1,565	$1.01	45d	1	1.48mi

Listing history 8 events

1. 2026-06-21
   days on market $184,000 Active 11 DOM
2. 2026-06-18
   days on market $184,000 Active 8 DOM
3. 2026-06-17
   statusdays on market $184,000 Active 7 DOM
4. 2026-06-16
   days on market $184,000 New Listing 6 DOM
5. 2026-06-15
   days on market $184,000 New Listing 5 DOM
6. 2026-06-14
   days on market $184,000 New Listing 3 DOM
7. 2026-06-13
   remarks 687-char remark
8. 2026-06-13
   listed $184,000 New Listing 2 DOM

ⓘ 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: $1,047 · $87/mo
• Projected year-2 tax: $1,178 · $98/mo
• Expected delta: +$131/yr (+$11/mo · 12.5%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% 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: $18,073
• − Mortgage interest: −$10,307
• − Property taxes: −$1,047
• − Insurance: −$920
• − Repairs & maintenance: −$1,446
• − Management: −$1,446
• − Depreciation: −$5,353
• Taxable loss: −$2,444
• Est. tax savings @ 24.0%: +$587
• After-tax cash flow: $1,319/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: Little Rock School District
• NCES district ID: 0509000
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $43,346
• Composite: 21.0/100
• National rank: #8457
• State rank: #183 of 238 in AR

Livability — Little Rock

• Score: 73/100
• State rank: #22
• US rank: #5295

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Little Rock, AR
• County: Pulaski County · 372,764 people
• City population: 218,896
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 30,525
• Household income: $40,882
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1553.0

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: Predominantly Black (66%)
• Race & ethnicity: Black 66% White 18% Hispanic / Latino 12% Two or more races 6%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

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: ▼ -47.17%
• Current HPI: 172.3977
• Rent YoY: ▲ 4.91%
• 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

+341.6% since first listed

4 events — show timeline

• 2026-06-10 Listed $184,000 CARMLS
• 2024-11-04 Sold (Public Records) $49,000 Public Records
• 2005-06-24 Sold (Public Records) $85,000 Public Records
• 2003-07-08 Sold (Public Records) $41,666 Public Records

Property tax history

+2.0%/yr

Latest (2025): $1,047 · +6.8% YoY. Source: county tax records.