1023 Anemone Dr · North Little Rock, AR 72117

$175,000

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 11 Days on market

Built 2012 9,147 sqft lot Est $177k · at est.

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Why this score? — see what drove the D 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 +14.0/30.0
• ARV discount +8.1/15.0
• DSCR +4.2/10.0
• Livability +3.7/5.0
• 1% rule +3.3/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful, WELL MAINTAINED home, Expecting a little one- need more room! Your opportunity to get a great home with WARRANTY!!! Must see to appreciate!!

Key facts

• 9,147 sq ft lot
• 2 garage spots
• Built 2012

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $22 ($266/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 $146k (16.6% below list).
• Recommended offer: $146k (16.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 5.0% in North Little Rock — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: crime F, amenities F, employment D-.
• Pulaski County Spec. School District (rural): math 27% / reading 31% proficiency, ranked #150 of 238 in AR (top 63%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Harris Elementary School (math 12% / reading 8%, grade F, #429 of 454 statewide, top 96%, 199 students, 97% FRL); Fuller Middle School (math 13% / reading 24%, grade F, #181 of 201 statewide, top 90%, 440 students, 100% FRL); Wilbur D. Mills High School (math 6% / reading 15%, grade F, #271 of 292 statewide, top 93%, 640 students, 99% FRL) — zoned schools average 99% FRL vs 48% district-wide (51 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 13% at this address vs 29% district-wide (-16 pts) — the specific schools serving this property underperform the Pulaski County Spec. School District average; the district grade overstates school quality for this exact location.
• Market conditions: 83 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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.
• 4 sale attempts since 14y 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.

Risks & watch-outs

• 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 $146,037 (16.6% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 0.83% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.54%
• DSCR: 1.02
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $177,408
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1009 Anemone Dr	0.03mi	3/2.0	1,080 (-6%)	11mo	$185,000	$171	79
12000 Firethorn Dr	0.22mi	3/2.0	1,153 (+0%)	14mo	$178,000	$154	77
13101 Bell Flower Dr	0.27mi	3/2.0	1,264 (+10%)	1mo	$178,000	$141	70
1111 Aster Dr	0.16mi	3/2.0	1,284 (+12%)	7mo	$198,000	$154	68
12208 Wahoo Dr	0.34mi	3/2.0	1,117 (-3%)	13mo	$193,900	$174	68
13009 Bell Flower Dr	0.30mi	3/2.0	1,269 (+10%)	3mo	$203,000	$160	67
1016 Bittercress Dr	0.09mi	3/2.0	1,292 (+12%)	18mo	$192,000	$149	61
12916 Bell Flower Dr	0.34mi	3/2.0	1,268 (+10%)	9mo	$190,000	$150	60
12905 Bell Flower Dr	0.31mi	3/2.0	1,264 (+10%)	13mo	$195,500	$155	58
12413 Vision Ct	0.46mi	3/2.0	1,284 (+12%)	2mo	$194,900	$152	58
1417 Juniper Dr	0.25mi	3/2.0	1,278 (+11%)	18mo	$200,000	$156	55
12408 Vision Ct	0.43mi	3/2.0	1,307 (+14%)	8mo	$199,900	$153	51

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-26,970
• Equity at exit: $26,093

10-year hold

• IRR: -7.0%
• Equity multiple: 0.56×
• Total profit: $-21,769
• Equity at exit: $15,131

Cash invested: $49,000 (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 72117

• Home prices YoY: -30.4%
• Active inventory: 83
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,460 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$141 /mo · $1,690/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $22

Break-even live

Break-even rent $1,432

Max offer price $175,000

Occupancy floor 93%

Sensitivity live

Price	-10% $121	-5% $72	+0% $22	+5% $-27	+10% $-77
Rent	-10% $-93	-5% $-35	+0% $22	+5% $80	+10% $138
Rate	-1.0pp $110	-0.5pp $67	base $22	+0.5pp $-23	+1.0pp $-69

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2024-04-12
   soldstatus $175,000
2. 2024-03-10
   status Under Contract
3. 2024-03-02
   status Back on Market
4. 2024-02-03
   status Under Contract
5. 2024-02-01
   listed $175,000 New Listing
6. 2017-07-26
   status Under Contract 151-char remark

   Show marketing remark (151 chars)

   Beautiful, WELL MAINTAINED home, Expecting a little one- need more room! Your opportunity to get a great home with WARRANTY!!! Must see to appreciate!!

7. 2017-07-16
   soldstatus $116,000 Sold 151-char remark

   Show marketing remark (151 chars)

   Beautiful, WELL MAINTAINED home, Expecting a little one- need more room! Your opportunity to get a great home with WARRANTY!!! Must see to appreciate!!

8. 2017-07-13
   soldstatus $116,000
9. 2017-04-12
   historical Take Backups 151-char remark

   Show marketing remark (151 chars)

   Beautiful, WELL MAINTAINED home, Expecting a little one- need more room! Your opportunity to get a great home with WARRANTY!!! Must see to appreciate!!

10. 2016-12-26
    listed $120,000 New Listing 151-char remark

    Show marketing remark (151 chars)

    Beautiful, WELL MAINTAINED home, Expecting a little one- need more room! Your opportunity to get a great home with WARRANTY!!! Must see to appreciate!!

11. 2012-10-30
    soldstatus $114,845 224-char remark

    Show marketing remark (224 chars)

    Faulkner Crossing is a growing community with a lot of appeal. You are within 15 minutes from downtown Little Rock, North Little Rock and minutes from shopping & restaurants. Call Debbie Smith 501-650-3112 for details!

12. 2012-09-05
    listed $114,845 224-char remark

    Show marketing remark (224 chars)

    Faulkner Crossing is a growing community with a lot of appeal. You are within 15 minutes from downtown Little Rock, North Little Rock and minutes from shopping & restaurants. Call Debbie Smith 501-650-3112 for details!

13. 2012-09-05
    historical 224-char remark

    Show marketing remark (224 chars)

    Faulkner Crossing is a growing community with a lot of appeal. You are within 15 minutes from downtown Little Rock, North Little Rock and minutes from shopping & restaurants. Call Debbie Smith 501-650-3112 for details!

ⓘ 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: $1,690 · $141/mo
• Projected year-2 tax: $1,690 · $141/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% 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: $17,524
• − Mortgage interest: −$9,803
• − Property taxes: −$1,690
• − Insurance: −$875
• − Repairs & maintenance: −$1,402
• − Management: −$1,402
• − Depreciation: −$5,091
• Taxable loss: −$2,738
• Est. tax savings @ 24.0%: +$657
• After-tax cash flow: $924/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: Pulaski County Spec. School District
• NCES district ID: 0511850
• Math proficiency: 27% ▼ -13.00%
• Reading proficiency: 31% ▼ -10.00%
• Median HH income: $53,218
• Composite: 25.67/100
• National rank: #7394
• State rank: #150 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
• City population: 55,470
• Population (ZIP): 14,339

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 24% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Serbian 1% Slovak 1% Lithuanian 0%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -53.78%
• Current HPI: 123.3727
• Rent YoY: —
• Metro: —
• 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

+52.4% since first listed

13 events — show timeline

• 2024-04-12 Sold (Public Records) $175,000 Public Records
• 2024-03-10 Pending — CARMLS
• 2024-03-02 Relisted — CARMLS
• 2024-02-03 Pending — CARMLS
• 2024-02-01 Listed $175,000 CARMLS
• 2017-07-26 Pending — CARMLS
• 2017-07-16 Sold (MLS) $116,000 CARMLS
• 2017-07-13 Sold (Public Records) $116,000 Public Records
• 2017-04-12 Contingent — CARMLS
• 2016-12-26 Listed $120,000 CARMLS
• 2012-10-30 Sold (MLS) $114,845 CARMLS
• 2012-09-05 Listing Removed — CARMLS
• 2012-09-05 Listed $114,845 CARMLS

Property tax history

+2.2%/yr

Latest (2025): $1,690 · +0.0% YoY. Source: county tax records.