2116 Boulevard Ave · Little Rock, AR 72204

$60,000

3 bd · 2.0 ba · 1,170 sqft · SingleFamily public records · 76 Days on market

Built 1940 Fair condition 7,840 sqft lot $51/sqft · 43% below area Est $105k · 43% under ↓ 16% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Condition / age +2.8/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Looking for an investment property with a tenant in place? Don't miss this opportunity near University of Arkansas at Little Rock! This 3-bedroom, 1-bath home has a tenant in place, offering immediate rental income. Features include a large backyard, carport and a large utility room. Located in a convenient location close to campus, shopping, and major routes. No seller property disclosure. Buyers are encouraged to measure square footage and lot size. Showings require 24 hours notice; do not disturb tenant.

Key facts

• Large backyard
• Carport
• Convenient location

Tags

• LARGE BACKYARD
• CARPORT
• LARGE UTILITY ROOM
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $60k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $56k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.0% vs local median 4.2% 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.
• Zoned schools: Stephens Elementary (math 8% / reading 12%, grade F, #429 of 454 statewide, top 96%, 434 students, 94% FRL); Central High School (math 32% / reading 42%, grade F, #64 of 292 statewide, top 26%, 2,338 students, 53% FRL) — zoned schools at 74% FRL track the district average.
• Market conditions: Rents rising fast (+4.9%/yr); 224 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 35% 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 $415 of loan paydown is wiped out by about $2k 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 + 4.9% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($56k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $56,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.97% ✓
• Cap rate: 17.03%
• Cash-on-cash: 38.35%
• DSCR: 2.71
• GRM: 4.2

CMA / ARV

• ARV (median comp): $105,030
• List price: $60,000
• Delta: -42.87%
• 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
2116 Boulevard Ave	0.00mi	3/1.0	1,170 (0%)	2mo	$58,500	$50	95
1516 S Harrison St	0.41mi	3/2.0	1,212 (+4%)	3mo	$145,000	$120	72
1418 S Harrison St	0.44mi	3/1.5	1,161 (-1%)	5mo	$112,000	$96	72
4417 W 22nd St	0.36mi	4/2.0 (+1)	1,242 (+6%)	0mo	$26,000	$21	68
4311 W 18th St	0.45mi	4/2.0 (+1)	1,107 (-5%)	1mo	$90,000	$81	64
1001 S Monroe St	0.71mi	3/1.0	1,160 (-1%)	3mo	$130,000	$112	59
4523 W 23rd St	0.30mi	3/1.0	1,026 (-12%)	4mo	$22,000	$21	58
4211 W 24th St	0.51mi	3/1.0	1,276 (+9%)	3mo	$63,000	$49	54
70 Berkshire Dr	0.74mi	3/1.5	1,107 (-5%)	5mo	$115,000	$104	51
2104 S Pine St	0.68mi	2/1.0 (-1)	1,211 (+4%)	4mo	$15,500	$13	50
2923 Fair Park Blvd	0.60mi	3/1.0	1,287 (+10%)	4mo	$149,000	$116	48
4208 W 19th	0.51mi	2/1.0 (-1)	1,025 (-12%)	2mo	$49,900	$49	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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: 36.6%
• Equity multiple: 2.60×
• Total profit: $26,797
• Equity at exit: $8,946

10-year hold

• IRR: 44.2%
• Equity multiple: 5.60×
• Total profit: $77,281
• Equity at exit: $5,188

Cash invested: $16,800 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 40 active · 24 under contract
• Months of supply: 7.3 mo (14%/mo absorbed)
• Median asking: $92,500 ($84/sqft)
• Median days on market: 106 d
• This list price: 12% of active listings are priced below it
• ARV vs active asking: +6.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 72204

• Home prices YoY: -21.5%
• Rents YoY: 4.9%
• Active inventory: 224
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,183 high
• Mortgage (P&I): −$315
• Tax from tax record: −$58 /mo · $695/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $537

Break-even live

Break-even rent $503

Max offer price $60,000

Occupancy floor 50%

Sensitivity live

Price	-10% $571	-5% $554	+0% $537	+5% $520	+10% $503
Rent	-10% $443	-5% $490	+0% $537	+5% $584	+10% $630
Rate	-1.0pp $567	-0.5pp $552	base $537	+0.5pp $521	+1.0pp $506

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: $15,000
• Closing costs: $1,800
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1914 S Van Buren St Little Rock, AR	3.0	1.5	1318	$995	$0.75	72d	1	0.18mi
1720 Pinewood Dr Little Rock, AR	3.0	2.0	1382	$1,180	$0.85	93d	1	0.28mi
4523 W 21st St Little Rock, AR	3.0	2.0	1157	$1,100	$0.95	16d	1	0.30mi
4721 W 16th St Little Rock, AR	4.0	1.0	1100	$1,195	$1.09	72d	1	0.36mi
2609 S Tyler St Little Rock, AR	3.0	2.0	1200	$1,040	$0.87	93d	1	0.38mi
1701 Fair Park Blvd Little Rock, AR	2.0	1.0	1170	$1,050	$0.90	93d	1	0.40mi
2405 S Fillmore St Little Rock, AR	2.0	1.0	812	$975	$1.20	16d	1	0.42mi
4304 W 22nd St Little Rock, AR	2.0	1.0	896	$895	$1.00	93d	1	0.45mi
5219 W 29th St Little Rock, AR	3.0	1.0	1161	$975	$0.84	16d	1	0.47mi
1403 S Van Buren St Little Rock, AR	2.0	1.0	1000	$750	$0.75	16d	1	0.48mi
4816 W 30th St Little Rock, AR	2.0	1.0	1217	$1,150	$0.94	68d	1	0.50mi
4319 W 17th St Little Rock, AR	2.0	1.0	957	$950	$0.99	93d	1	0.51mi
1900 S Pierce St Little Rock, AR	3.0	1.0	1128	$995	$0.88	16d	1	0.52mi
4301 W 17th St Little Rock, AR	3.0	1.0	1195	$995	$0.83	16d	1	0.53mi
1320 Adams St Little Rock, AR	3.0	1.0	1026	$1,025	$1.00	93d	1	0.56mi
3000 S Tyler St Little Rock, AR	3.0	1.5	1258	$1,250	$0.99	72d	1	0.57mi
1809 S Buchanan St Little Rock, AR	2.0	1.0	974	$850	$0.87	70d	1	0.57mi
1605 S Pierce St Little Rock, AR	2.0	1.0	990	$950	$0.96	16d	1	0.57mi
5005 W 31st St Little Rock, AR	3.0	2.0	1240	$1,215	$0.98	93d	1	0.58mi
5105 W 31st St Little Rock, AR	2.0	1.0	855	$1,050	$1.23	16d	1	0.58mi
2701 Abigail St Little Rock, AR	3.0	1.0	1098	$1,195	$1.09	72d	1	0.60mi
4412 W 14th St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	16d	1	0.63mi
4314 W 14th St Little Rock, AR	4.0	2.0	1223	$1,495	$1.22	72d	1	0.66mi
4104 W 15th St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	93d	1	0.73mi
1608 S Cedar St Little Rock, AR	3.0	1.0	1221	$895	$0.73	16d	1	0.74mi
15 Woodcliff Cir Little Rock, AR	3.0	1.0	1040	$1,125	$1.08	16d	1	0.75mi
58 Berkshire Dr Little Rock, AR	3.0	1.5	1304	$1,250	$0.96	72d	1	0.78mi
2305 S Oak St Little Rock, AR	4.0	2.0	1223	$1,525	$1.25	93d	1	0.80mi
901 S Harrison St Little Rock, AR	2.0	1.0	1000	$980	$0.98	16d	1	0.82mi
2421 S Oak St Little Rock, AR	3.0	1.0	1092	$950	$0.87	70d	1	0.82mi
2223 S Maple St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	16d	1	0.87mi
2105 S Valentine St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	63d	1	0.93mi
1511 S Cleveland St Little Rock, AR	3.0	2.0	1200	$1,295	$1.08	72d	1	0.95mi
32 Barbara Dr Little Rock, AR	3.0	2.0	1201	$1,195	$1.00	72d	1	0.95mi
2100 Valmar St Little Rock, AR	2.0	1.0	1219	$1,200	$0.98	72d	1	0.97mi
9 Barbara Dr Little Rock, AR	3.0	1.0	1035	$1,295	$1.25	16d	1	0.97mi
2204 Valmar St Little Rock, AR	3.0	1.0	1050	$800	$0.76	16d	1	0.97mi
3715 W 13th St Little Rock, AR	2.0	1.0	1176	$900	$0.77	93d	1	0.97mi
111 Broadmoor Dr Little Rock, AR	3.0	1.0	1012	$1,075	$1.06	16d	1	0.98mi
107 Broadmoor Dr Little Rock, AR	3.0	1.0	1202	$1,025	$0.85	93d	1	1.00mi

Property features AI

Finance

• Other: Lot approximately 138' x 50' x 138' x 50' (approx. 0.18 acre)Square footage recorded from tax records
• Financial info: Financing available: Conventional loan, cash, or in-house financing

Exterior

• Parking: Carport
• Utilities: Public waterMunicipal electric (Entergy)Natural gas
• Home design: Frame construction
• Construction: Frame exteriorComposition roofPiers foundation
• Exterior features: Paved road accessLevel lotInside city limits

Interior

• Kitchen: Free-standing stoveGas range
• Flooring: Wood flooringVinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central gas heatCentral electric cooling
• Interior features: Wood and vinyl flooringLaundry room
• Laundry & utility: Laundry room

Listing history 21 events

1. 2026-06-23
   days on market $60,000 Active 76 DOM
2. 2026-06-21
   days on market $60,000 Active 75 DOM
3. 2026-06-18
   days on market $60,000 Active 72 DOM
4. 2026-06-17
   days on market $60,000 Active 71 DOM
5. 2026-06-16
   days on market $60,000 Active 70 DOM
6. 2026-06-15
   days on market $60,000 Active 69 DOM
7. 2026-06-14
   days on market $60,000 Active 67 DOM
8. 2026-06-13
   days on market $60,000 Active 66 DOM
9. 2026-06-10
   days on market $60,000 Active 64 DOM
10. 2026-06-09
    days on market $60,000 Active 63 DOM
11. 2026-06-08
    days on market $60,000 Active 62 DOM
12. 2026-06-05
    days on market $60,000 Active 58 DOM
13. 2026-06-03
    days on market $60,000 Active 57 DOM
14. 2026-06-02
    days on market $60,000 Active 56 DOM
15. 2026-06-01
    days on market $60,000 Active 55 DOM
16. 2026-05-31
    days on market $60,000 Active 54 DOM
17. 2026-05-31
    days on market $60,000 Active 53 DOM
18. 2026-05-12
    price $60,000 512-char remark
19. 2026-04-23
    price $63,000 512-char remark
20. 2026-04-12
    price $65,000 512-char remark
21. 2026-04-07
    listed $69,999 New Listing 512-char remark

ⓘ 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: $695 · $58/mo
• Projected year-2 tax: $695 · $58/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $14,194
• − Mortgage interest: −$3,361
• − Property taxes: −$695
• − Insurance: −$300
• − Repairs & maintenance: −$1,136
• − Management: −$1,136
• − Depreciation: −$1,745
• Taxable income: $5,822
• Est. tax owed @ 24.0%: −$1,397
• After-tax cash flow: $5,046/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.

Condition & rehab AI · 9 photos

Fair 55/100 Moderate rehab Est. rehab $29,250–$52,650 screening

This 3-bedroom, 1-bath home requires moderate renovations to improve its condition and increase its value. Key areas for improvement include the kitchen, bathroom, roof, exterior siding, and landscaping.

Components & finishes AI

Flooring tile

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Minor bathroom fixtures — standard fixtures
• Moderate roof — visible wear on shingles
• Moderate exterior siding — weathered appearance
• Minor landscaping — overgrown lawn

Value-add opportunities

• Resale new kitchen cabinets — modernizing the kitchen ↑
• Rental new bathroom fixtures — improving the bathroom for tenants ↑
• Both new roof — enhancing the home's curb appeal and value ↑
• Both landscaping — improving the home's curb appeal and value ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 19/100

Zoned Schools

Elementary Stephens Elementary F AR #429/454 Nat'l #39,071/41,679 Middle Dunbar Magnet Middle School F AR #196/201 Nat'l #13,478/14,009 High Central High School F AR #64/292 Nat'l #9,001/17,239

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

B Composite livability gradescore 73/100

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 · 415,378 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: 14% of renters

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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%

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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%

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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

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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

Property features AI

Finance

• Other: Lot approximately 138' x 50' x 138' x 50' (approx. 0.18 acre)Square footage recorded from tax records
• Financial info: Financing available: Conventional loan, cash, or in-house financing

Exterior

• Parking: Carport
• Utilities: Public waterMunicipal electric (Entergy)Natural gas
• Home design: Frame construction
• Construction: Frame exteriorComposition roofPiers foundation
• Exterior features: Paved road accessLevel lotInside city limits

Interior

• Kitchen: Free-standing stoveGas range
• Flooring: Wood flooringVinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central gas heatCentral electric cooling
• Interior features: Wood and vinyl flooringLaundry room
• Laundry & utility: Laundry room

Price history

-16.4% since first listed

6 events — show timeline

• 2026-06-23 Pending — CARMLS
• 2026-06-23 Sold (MLS) $58,500 CARMLS
• 2026-05-12 Price Changed $60,000 CARMLS
• 2026-04-23 Price Changed $63,000 CARMLS
• 2026-04-12 Price Changed $65,000 CARMLS
• 2026-04-07 Listed $69,999 CARMLS

Property tax history

+4.9%/yr

Latest (2025): $695 · +8.7% YoY. Source: county tax records.