207 Shamrock Dr · North Little Rock, AR 72118

$24,450

2 bd · 1.0 ba · 936 sqft · SingleFamily public records · 14 Days on market

Built 1961 0.32 ac lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great buy for your money! This is a precious home that has been updated with the following: new roof, Tank-less hot water heater, carpet, gutters, dishwasher, stove, refrigerator, washer and dryer, windows, and flooring. You will find a 2 car detached garage with an automatic door open and a RV carport in the fenced backyard. There is a pantry in the kitchen and pull out cabinets in some of the kitchen cabinets. You will be amazed at the storage in this home! It is a must see!!

Key facts

• 0.32 acre lot
• Garage
• Built 1961

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $24k.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($985 rent vs $24k).
• Cap rate 34.0% vs local median 5.0% in North 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 (#24 in AR) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, crime F, amenities F.
• N. Little Rock School District (urban): math 21% / reading 26% proficiency, ranked #191 of 238 in AR (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 107 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $170 of loan paydown is wiped out by about $734 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 + 5.5% rent growth), your $7k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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

• Watch-outs: property tax is 3.6% of price.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $24,450

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 4.03% ✓
• Cap rate: 34.03%
• Cash-on-cash: 99.04%
• DSCR: 5.41
• GRM: 2.1

CMA / ARV

• ARV (on-the-fly): $123,552
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
151 Rock St	0.32mi	3/1.0 (+1)	978 (+4%)	4mo	$110,000	$112	69
406 Rock St	0.20mi	3/1.0 (+1)	1,014 (+8%)	3mo	$135,000	$133	69
205 Rock St	0.25mi	2/1.0	837 (-11%)	2mo	$118,900	$142	69
5008 Longview Dr	0.56mi	3/1.0 (+1)	936 (0%)	5mo	$75,500	$81	65
47 Sunset Dr	0.63mi	3/1.0 (+1)	976 (+4%)	8mo	$145,500	$149	52
1205 Nicole Dr	0.43mi	3/1.5 (+1)	1,060 (+13%)	0mo	$145,000	$137	50
2304 Ella Ct	0.39mi	3/1.5 (+1)	1,040 (+11%)	7mo	$136,900	$132	50
5321 Marion St	0.53mi	3/1.0 (+1)	840 (-10%)	8mo	$93,000	$111	46
706 W 56th St	0.65mi	3/1.0 (+1)	1,038 (+11%)	3mo	$95,000	$92	44
5301 Marion St	0.55mi	3/1.0 (+1)	1,060 (+13%)	4mo	$78,000	$74	44
1701 Parkway Dr	0.74mi	2/1.0	1,064 (+14%)	1mo	$110,000	$103	42
1927 Arrowhead Rd	0.64mi	3/1.5 (+1)	1,053 (+12%)	2mo	$145,000	$138	41

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 · 5.47% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.05×
• Total profit: $34,575
• Equity at exit: $3,646

10-year hold

• IRR: —
• Equity multiple: 13.77×
• Total profit: $87,440
• Equity at exit: $2,114

Cash invested: $6,846 (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 72118

• Home prices YoY: -17.9%
• Rents YoY: 5.5%
• Active inventory: 107
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $985 high
• Mortgage (P&I): −$128
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $565

Break-even live

Break-even rent $269

Max offer price $24,450

Occupancy floor 38%

Sensitivity live

Price	-10% $579	-5% $572	+0% $565	+5% $558	+10% $551
Rent	-10% $487	-5% $526	+0% $565	+5% $604	+10% $643
Rate	-1.0pp $577	-0.5pp $571	base $565	+0.5pp $559	+1.0pp $552

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: $6,112
• Closing costs: $734
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2214 Coors Dr North Little Rock, AR	3.0	2.0	1096	$1,050	$0.96	24d	1	0.36mi
5218 Nelbrook Dr North Little Rock, AR	3.0	1.0	954	$1,080	$1.13	24d	1	0.38mi
4907 Augusta Cir North Little Rock, AR	1.0–2.0	1.0–1.5	747	$835	$1.12	15d	12	0.46mi
4926 Francis St Unit B North Little Rock, AR	2.0	1.0	900	$700	$0.78	24d	1	0.47mi
5804 Foxboro Dr North Little Rock, AR	3.0	2.0	1071	$1,200	$1.12	24d	1	0.47mi
2508 W 58th St North Little Rock, AR	2.0	1.0	1048	$825	$0.79	45d	1	0.50mi
3017 Parkway Dr Unit 2 North Little Rock, AR	2.0	1.5	850	$750	$0.88	45d	1	0.52mi
1707 Arrowhead Rd North Little Rock, AR	1.0–2.0	1.0–1.5	656	$865	$1.32	15d	15	0.54mi
426 Sierra Madre Dr North Little Rock, AR	2.0	1.0	1000	$900	$0.90	15d	1	0.61mi
5708 Sonora Dr North Little Rock, AR	3.0	1.0	900	$1,100	$1.22	24d	1	0.62mi
711 W 54th St North Little Rock, AR	2.0	1.5	936	$925	$0.99	45d	1	0.63mi
5705 Sorenson St Unit B North Little Rock, AR	2.0	1.5	1050	$700	$0.67	15d	1	0.71mi
10 Theresa Dr North Little Rock, AR	2.0	1.0	1013	$1,999	$1.97	45d	1	0.72mi
5709 Sorenson St Unit A North Little Rock, AR	2.0	1.5	950	$725	$0.76	15d	1	0.75mi
5709 Sorenson St Unit A North Little Rock, AR	2.0	1.5	950	$725	$0.76	24d	1	0.75mi
5712 Sorenson St North Little Rock, AR	2.0	1.5	1116	$775	$0.69	22d	1	0.76mi
4912 Gum St North Little Rock, AR	2.0	2.0	888	$875	$0.99	24d	1	0.88mi
405 Paula Dr North Little Rock, AR	3.0	1.0	962	$1,095	$1.14	45d	1	0.92mi
4922 E Willow St Unit A North Little Rock, AR	2.0	1.0	670	$803	$1.20	15d	1	0.97mi
58 Somerset Dr North Little Rock, AR	3.0	1.0	910	$1,150	$1.26	45d	1	1.01mi
109 Farmere Cir North Little Rock, AR	3.0	1.0	1051	$1,190	$1.13	45d	1	1.02mi
5413 N Main St North Little Rock, AR	3.0	1.0	1107	$1,075	$0.97	45d	1	1.06mi
11 Sweet Rose Ln North Little Rock, AR	3.0	1.0	950	$1,150	$1.21	45d	1	1.08mi
5 Sweet Rose Ln North Little Rock, AR	3.0	1.5	960	$1,150	$1.20	24d	1	1.10mi
5 Oakview Dr North Little Rock, AR	3.0	1.0	884	$995	$1.13	45d	1	1.11mi
5732 Camp Robinson Rd Unit 4 North Little Rock, AR	2.0	1.5	1100	$800	$0.73	45d	1	1.14mi
5732 Camp Robinson Rd Apt 5 North Little Rock, AR	2.0	1.5	1100	$775	$0.70	45d	1	1.16mi
6615 Fitts Rd North Little Rock, AR	2.0	1.5	750	$700	$0.93	45d	1	1.19mi
4017 Mellene Dr North Little Rock, AR	3.0	1.0	1094	$1,150	$1.05	45d	1	1.25mi
4000 Emerson Dr North Little Rock, AR	3.0	2.0	1046	$1,195	$1.14	20d	1	1.34mi
804 W 37th St North Little Rock, AR	2.0	1.0	744	$895	$1.20	45d	1	1.34mi
5703 Del Prado St North Little Rock, AR	3.0	1.5	1050	$1,395	$1.33	24d	1	1.34mi
1812 W 36th St North Little Rock, AR	2.0	1.0	790	$875	$1.11	45d	1	1.35mi
1512 W 35th St North Little Rock, AR	2.0	1.0	848	$875	$1.03	15d	1	1.36mi
4748 Ridge Rd North Little Rock, AR	2.0	1.0	869	$1,125	$1.29	15d	1	1.39mi
3423 Chandler St Unit B North Little Rock, AR	2.0	1.0	928	$725	$0.78	45d	1	1.46mi

Listing history 9 events

1. 2026-04-28
   status Under Contract
2. 2026-04-14
   listed $24,450 New Listing
3. 2014-01-09
   soldstatus $68,000
4. 2012-06-11
   soldstatus $66,000
5. 2012-05-31
   soldstatus $66,000 484-char remark

   Show marketing remark (484 chars)

   Great buy for your money! This is a precious home that has been updated with the following: new roof, Tank-less hot water heater, carpet, gutters, dishwasher, stove, refrigerator, washer and dryer, windows, and flooring. You will find a 2 car detached garage with an automatic door open and a RV carport in the fenced backyard. There is a pantry in the kitchen and pull out cabinets in some of the kitchen cabinets. You will be amazed at the storage in this home! It is a must see!!

6. 2012-04-23
   historical 484-char remark

   Show marketing remark (484 chars)

   Great buy for your money! This is a precious home that has been updated with the following: new roof, Tank-less hot water heater, carpet, gutters, dishwasher, stove, refrigerator, washer and dryer, windows, and flooring. You will find a 2 car detached garage with an automatic door open and a RV carport in the fenced backyard. There is a pantry in the kitchen and pull out cabinets in some of the kitchen cabinets. You will be amazed at the storage in this home! It is a must see!!

7. 2012-03-08
   listed $69,500 484-char remark

   Show marketing remark (484 chars)

   Great buy for your money! This is a precious home that has been updated with the following: new roof, Tank-less hot water heater, carpet, gutters, dishwasher, stove, refrigerator, washer and dryer, windows, and flooring. You will find a 2 car detached garage with an automatic door open and a RV carport in the fenced backyard. There is a pantry in the kitchen and pull out cabinets in some of the kitchen cabinets. You will be amazed at the storage in this home! It is a must see!!

8. 2004-03-25
   soldstatus $55,000
9. 2002-05-22
   soldstatus $73,283

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $892 · $74/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 6/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $11,815
• − Mortgage interest: −$1,370
• − Property taxes: −$892
• − Insurance: −$122
• − Repairs & maintenance: −$945
• − Management: −$945
• − Depreciation: −$711
• Taxable income: $6,829
• Est. tax owed @ 24.0%: −$1,639
• After-tax cash flow: $5,142/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: N. Little Rock School District
• NCES district ID: 0510680
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $38,325
• Composite: 19.69/100
• National rank: #8728
• State rank: #191 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
• County: Pulaski County · 372,764 people
• City population: 55,470
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 22,913
• Household income: $49,559
• Rent vs Own: 48.8% rent · 51.2% own
• Severe rent burden: 1149.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 42% White 42% Hispanic / Latino 11% Two or more races 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 10%

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: ▼ -39.32%
• Current HPI: 180.6901
• Rent YoY: ▲ 5.47%
• 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

-66.6% since first listed

9 events — show timeline

• 2026-04-28 Pending — CARMLS
• 2026-04-14 Listed $24,450 CARMLS
• 2014-01-09 Sold (Public Records) $68,000 Public Records
• 2012-06-11 Sold (Public Records) $66,000 Public Records
• 2012-05-31 Sold (MLS) $66,000 CARMLS
• 2012-04-23 Listing Removed — CARMLS
• 2012-03-08 Listed $69,500 CARMLS
• 2004-03-25 Sold (Public Records) $55,000 Public Records
• 2002-05-22 Sold (Public Records) $73,283 Public Records

Property tax history

+0.2%/yr

Latest (2025): $892 · -13.1% YoY. Source: county tax records.