302 E College Ave · Berryville, AR 72616

$170,000

3 bd · 1.5 ba · 1,584 sqft · SingleFamily public records · 76 Days on market

Built 1972 0.43 ac lot $107/sqft · at area comps Est $167k · 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 +10.0/30.0
• Appreciation +10.0/10.0
• ARV discount +6.8/15.0
• Livability +3.4/5.0
• 1% rule +3.0/10.0
• DSCR +2.9/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Well-located Berryville home situated on a corner lot featuring 3 bedrooms and 2 bathrooms with a comfortable, practical layout. A welcoming living area offers a relaxing place to unwind or gather with friends and family, flowing easily into the kitchen and dining spaces where ample workspace and an inviting dining area create a natural setting for everyday living, meals, and casual entertaining. The bedrooms offer flexibility for family members, guests, or even a home office. Outdoor enjoyment continues on the back deck, perfect for morning coffee, evening grilling, or simply relaxing outdoors. A large barn provides plenty of extra storage for tools, equipment, or hobbies. Great opportunity to own a well-located home close to Berryville schools, shopping, dining, and everyday conveniences, with easy access to the Kings River and the outdoor recreation the Ozarks are known for. ALSO LISTED AS MULTI FAMILY WITH MLS # 1339713.

Key facts

• Close to schools
• Back deck
• Large barn

Tags

• CORNER LOT
• WELCOMING LIVING AREA
• BACK DECK
• LARGE BARN
• CLOSE TO SCHOOLS
• EASY ACCESS TO KINGS RIVER

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-102 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $155k (8.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (20.1% below list).
• Recommended offer: $136k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 3.2% in Berryville — 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 67/100 on livability (#103 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime C-, amenities F, commute F.
• Berryville School District (town): math 31% / reading 31% proficiency, ranked #148 of 238 in AR (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Berryville Elementary School (478 students, 73% FRL); Berryville Middle School (math 27% / reading 31%, grade F, #146 of 201 statewide, top 74%, 428 students, 71% FRL); Berryville High School (math 23% / reading 38%, grade F, #134 of 292 statewide, top 47%, 545 students, 69% FRL) — zoned schools average 71% FRL vs 53% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 118 active listings in the ZIP; 30 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Carroll County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $170k implies a 278% gain — meaningful room to come down on a strong offer.

Recommended offer $135,797 (20.1% 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 76 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — 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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.80% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.57%
• DSCR: 0.89
• GRM: 10.4

CMA / ARV

• ARV (median comp): $167,406
• List price: $170,000
• Delta: 1.55%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 George St	0.23mi	2/2.0 (-1)	1,524 (-4%)	10mo	$90,000	$59	68
407 Douglas St	0.23mi	2/1.5 (-1)	1,650 (+4%)	19mo	$215,000	$130	61
202 St George Ave	0.33mi	3/2.0	1,483 (-6%)	15mo	$110,000	$74	60
501 St George Ave	0.34mi	3/1.0	1,462 (-8%)	12mo	$155,000	$106	59
209 Tabor St	0.48mi	3/1.0	1,576 (-0%)	19mo	$175,000	$111	59
412 Springfield St	0.48mi	4/2.0 (+1)	1,730 (+9%)	1mo	$170,000	$98	55
107 Ferguson St	0.53mi	3/1.0	1,392 (-12%)	4mo	$169,000	$121	50
1004 E Freeman Ave	0.49mi	3/2.0	1,750 (+10%)	12mo	$264,000	$151	48
1104 College Ave	0.59mi	2/1.0 (-1)	1,430 (-10%)	2mo	$199,000	$139	48
504 Huntsville St	0.64mi	3/2.0	1,368 (-14%)	1mo	$175,000	$128	44
905 Craig St	0.74mi	3/2.0	1,470 (-7%)	16mo	$225,000	$153	38
213 Champion Hills Dr	0.62mi	3/2.0	1,380 (-13%)	22mo	$205,000	$149	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 2.81×
• Total profit: $86,108
• Equity at exit: $153,149

10-year hold

• IRR: 20.1%
• Equity multiple: 6.44×
• Total profit: $258,726
• Equity at exit: $330,273

Cash invested: $47,600 (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 72616

• Home prices YoY: 15.2%
• Active inventory: 118
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,358 medium
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,550/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $-102

Break-even live

Break-even rent $1,487

Max offer price $155,235

Occupancy floor —

Sensitivity live

Price	-10% $15	-5% $-43	+0% $-102	+5% $-161	+10% $-220
Rent	-10% $-209	-5% $-156	+0% $-102	+5% $-48	+10% $5
Rate	-1.0pp $-16	-0.5pp $-59	base $-102	+0.5pp $-146	+1.0pp $-191

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-01
   status $170,000 Pending 76 DOM
2. 2026-06-01
   days on market $170,000 Active 76 DOM
3. 2026-05-31
   days on market $170,000 Active 75 DOM
4. 2026-05-31
   days on market $170,000 Active 74 DOM
5. 2026-04-27
   price $170,000 938-char remark

   Show marketing remark (938 chars)

   Well-located Berryville home situated on a corner lot featuring 3 bedrooms and 2 bathrooms with a comfortable, practical layout. A welcoming living area offers a relaxing place to unwind or gather with friends and family, flowing easily into the kitchen and dining spaces where ample workspace and an inviting dining area create a natural setting for everyday living, meals, and casual entertaining. The bedrooms offer flexibility for family members, guests, or even a home office. Outdoor enjoyment continues on the back deck, perfect for morning coffee, evening grilling, or simply relaxing outdoors. A large barn provides plenty of extra storage for tools, equipment, or hobbies. Great opportunity to own a well-located home close to Berryville schools, shopping, dining, and everyday conveniences, with easy access to the Kings River and the outdoor recreation the Ozarks are known for. ALSO LISTED AS MULTI FAMILY WITH MLS # 1339713.

6. 2026-03-17
   listed $180,000 Active 938-char remark

   Show marketing remark (938 chars)

   Well-located Berryville home situated on a corner lot featuring 3 bedrooms and 2 bathrooms with a comfortable, practical layout. A welcoming living area offers a relaxing place to unwind or gather with friends and family, flowing easily into the kitchen and dining spaces where ample workspace and an inviting dining area create a natural setting for everyday living, meals, and casual entertaining. The bedrooms offer flexibility for family members, guests, or even a home office. Outdoor enjoyment continues on the back deck, perfect for morning coffee, evening grilling, or simply relaxing outdoors. A large barn provides plenty of extra storage for tools, equipment, or hobbies. Great opportunity to own a well-located home close to Berryville schools, shopping, dining, and everyday conveniences, with easy access to the Kings River and the outdoor recreation the Ozarks are known for. ALSO LISTED AS MULTI FAMILY WITH MLS # 1339713.

7. 1995-02-15
   soldstatus $45,000
8. 1988-11-03
   soldstatus $40,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $16,296
• − Mortgage interest: −$9,523
• − Property taxes: −$2,550
• − Insurance: −$850
• − Repairs & maintenance: −$1,304
• − Management: −$1,304
• − Depreciation: −$4,945
• Taxable loss: −$4,180
• Est. tax savings @ 24.0%: +$1,003
• After-tax cash flow: $-221/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: Berryville School District
• NCES district ID: 0503150
• Math proficiency: 31% ▼ -12.00%
• Reading proficiency: 31% ▼ -11.00%
• Median HH income: $37,169
• Composite: 25.81/100
• National rank: #7360
• State rank: #148 of 238 in AR

Livability — Berryville

• Score: 67/100
• State rank: #103
• US rank: #10632

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Berryville, AR
• Population (ZIP): 11,046

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 28,014 people
• By 2030: 28,006 · +-0.0%
• By 2040: 28,242 · +0.8%
• By 2050: 29,169 · +4.1%
• By 2075: 33,935 · +21.1%
• By 2100: 39,497 · +41.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Two or more races 27% Hispanic / Latino 18% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Slovak 1% Italian 1% Scottish 1%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 11% German/W. Germanic 3% Other Asian/Pacific 2%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+31.7) · D 33.0% · R 64.7% · Other 2.2%
• 2008→2024 swing: -13.6pp toward R · 2008: -18.1pp · 2024: -31.7pp
• All cycles: 2024: R+31.7 2020: R+28.8 2016: R+32.3 2012: R+23.9 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 40.46%
• Current HPI: 306.898
• 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

+325.0% since first listed

4 events — show timeline

• 2026-04-27 Price Changed $170,000 NWARMLS
• 2026-03-17 Listed $180,000 NWARMLS
• 1995-02-15 Sold (Public Records) $45,000 Public Records
• 1988-11-03 Sold (Public Records) $40,000 Public Records

Property tax history

-11.5%/yr

Latest (2025): $154 · -39.4% YoY. Source: county tax records.