2823 N Grey Squirrel Dr · Fayetteville, AR 72704

$524,000

4 bd · 3.0 ba · 2,670 sqft · Land · 370 Days on market

Built 2025 8,712 sqft lot $50/mo HOA · 2% of rent

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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).

• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +3.0/5.0
• Cash flow +2.8/30.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

Key facts

• Quartz countertops
• Walk-in closet
• En suite

Tags

• GAME ROOM
• WALK-IN CLOSET
• GAS FIREPLACE
• QUARTZ COUNTERTOPS
• TILE BACKSPLASH
• EN SUITE

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath land listed at $524k.

Deal economics

• At list price, monthly cash flow is $-2k ($-21k/yr) — negative.
• To cash-flow at today's rent, offer at most $271k (48.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $244k (53.5% below list).
• Recommended offer: $244k (53.5% below list) — sets the bar for 1% rule.
• Cap rate 2.3% vs local median 3.5% in Fayetteville — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 83/100 on livability (#3 in AR, #871 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment D+, crime D-.
• Fayetteville School District (urban): math 50% / reading 49% proficiency, ranked #19 of 238 in AR (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Holcomb Elementary School (math 65% / reading 52%, grade B-, #45 of 454 statewide, top 10%, 643 students, 31% FRL); Ramay Junior High School (math 39% / reading 39%, grade F, #102 of 201 statewide, top 52%, 645 students, 54% FRL); Fayetteville High School East (math 41% / reading 50%, grade D-, #24 of 292 statewide, top 9%, 2,685 students, 27% FRL) — zoned schools at 37% FRL track the district average.
• Market conditions: Rents rising (+2.2%/yr); 550 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,494 units permitted in Washington County in 2024 (1,497 in 5+ unit buildings).
• This rent runs 30% of the median local income ($96k/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 $4k of loan paydown is wiped out by about $16k 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 370 days — a 12% lower offer ($461k) is reasonable based on typical stale-listing flexibility.

Recommended offer $243,766 (53.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 370 days. Have you received any prior offers? Is the seller open to a 53% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.47% ✗
• Cap rate: 2.30%
• Cash-on-cash: -14.28%
• DSCR: 0.36
• GRM: 17.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.17% rent growth · sell at horizon

5-year hold

• IRR: -44.3%
• Equity multiple: -0.35×
• Total profit: $-198,034
• Equity at exit: $78,130

10-year hold

• IRR: -85.1%
• Equity multiple: -1.20×
• Total profit: $-323,469
• Equity at exit: $45,306

Cash invested: $146,720 (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 72704

• Home prices YoY: -20.2%
• Rents YoY: 2.2%
• Active inventory: 550
• Price-to-rent: 17.9×

Monthly cashflow live

• Estimated rent: $2,438 high
• Mortgage (P&I): −$2,748
• Tax est. 1.5%: −$655 /mo · $7,860/yr
• Insurance: −$218
• HOA: −$50
• Vacancy / Maint / Mgmt: −$512
• Net cashflow: $-1,745

Break-even live

Break-even rent $4,647

Max offer price $271,424

Occupancy floor —

Sensitivity live

Price	-10% $-1,383	-5% $-1,564	+0% $-1,745	+5% $-1,927	+10% $-2,108
Rent	-10% $-1,938	-5% $-1,842	+0% $-1,745	+5% $-1,649	+10% $-1,553
Rate	-1.0pp $-1,482	-0.5pp $-1,612	base $-1,745	+0.5pp $-1,881	+1.0pp $-2,019

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: $131,000
• Closing costs: $15,720
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2579 N Snowball Dr Fayetteville, AR	4.0	2.0	1788	$2,250	$1.26	45d	1	0.40mi
2351 N Hosta Dr Unit 1221812P Fayetteville, AR	4.0	2.5	3207	$18,386	$5.73	23d	1	0.71mi
2332 N Hidden Creek Dr Fayetteville, AR	3.0	2.5	2289	$2,500	$1.09	45d	1	0.97mi
2492 N Surtees Pl Fayetteville, AR	3.0	2.0	1773	$2,000	$1.13	16d	1	1.10mi
4359 W New Bridge Rd Fayetteville, AR	3.0	2.0	2136	$2,300	$1.08	15d	1	1.12mi
4747 W Mayflower Ct Fayetteville, AR	3.0	2.0	2012	$1,950	$0.97	16d	1	1.22mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: gasinternet

Listing history 7 events

1. 2026-05-07
   status Pending 884-char remark

   Show marketing remark (884 chars)

   The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

2. 2026-01-15
   soldstatus $5,945,000
3. 2025-11-01
   price $524,000 884-char remark

   Show marketing remark (884 chars)

   The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

4. 2025-10-20
   price $554,500 884-char remark

   Show marketing remark (884 chars)

   The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

5. 2025-10-16
   price $524,000 884-char remark

   Show marketing remark (884 chars)

   The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

6. 2025-05-07
   price $554,500 884-char remark

   Show marketing remark (884 chars)

   The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

7. 2025-05-02
   listed $549,500 Active 884-char remark

   Show marketing remark (884 chars)

   The charming Cooper Bonus plan in Hughmount, located in Fayetteville, Arkansas! The Cooper Bonus plan has 2600 square feet with 4 bedrooms, 3 baths. Use the 4th BR as a Study! This plan also includes a game room on the second floor! Game room area has a full bath and a Walk-in closet so this can be used as an extra bedroom! These brand-new homes boast 4-sided brick and LVP flooring. Upon entering, you will find a spacious living area featuring a gas fireplace with a poplar mantle. The kitchen will have 42-inch cabinets, lovely appliances and quartz countertops and tile backsplash. The Primary bedroom has a fabulous en suite, dual sinks, with a walk-in shower with tiled walls and a soaking tub! These homes feature LED lighting throughout, and a high efficiency AC with programmable Wi-Fi thermostat. Come find your dream home today! Taxes and Parcel TBD. Garage Door Opener!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $29,252
• − Mortgage interest: −$29,352
• − Property taxes: −$7,860
• − Insurance: −$2,620
• − Repairs & maintenance: −$2,340
• − Management: −$2,340
• − HOA: −$600
• − Depreciation: −$15,244
• Taxable loss: −$31,104
• Est. tax savings @ 24.0%: +$7,465
• After-tax cash flow: $-13,481/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: Fayetteville School District
• NCES district ID: 0506120
• Math proficiency: 50% ▼ -11.00%
• Reading proficiency: 49% ▼ -8.00%
• Median HH income: $39,595
• Composite: 41.39/100
• National rank: #3477
• State rank: #19 of 238 in AR

Livability — Fayetteville

• Score: 83/100
• State rank: #3
• US rank: #871

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fayetteville, AR
• County: Washington County · 252,056 people
• City population: 118,228
• Metro: Fayetteville-Springdale-Rogers, AR
• Population (ZIP): 32,497
• Household income: $96,014
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 883.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 14% Hispanic / Latino 7% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Italian 3% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 2% Other Asian/Pacific 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: ▼ -73.44%
• Current HPI: 289.7478
• Rent YoY: ▲ 2.17%
• 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

+981.9% since first listed

7 events — show timeline

• 2026-05-07 Pending — NWARMLS
• 2026-01-15 Sold (Public Records) $5,945,000 Public Records
• 2025-11-01 Price Changed $524,000 NWARMLS
• 2025-10-20 Price Changed $554,500 NWARMLS
• 2025-10-16 Price Changed $524,000 NWARMLS
• 2025-05-07 Price Changed $554,500 NWARMLS
• 2025-05-02 Listed $549,500 NWARMLS