118 Chalet Cir · Fairfield Bay, AR 72088

$75,750

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 182 Days on market

Built 2000 8,712 sqft lot $250/mo HOA · 14% of rent

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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
• Appreciation +4.8/10.0
• Schools +3.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

PARTIALLY FURNISHED + GREAT CONDITION! You'll love being by the lake! Watch the video walkthrough on YouTube! This move-in ready 3 bed, 2 bath single-wide mobile home on a permanent foundation, nestled on two lots (a rare find in this subdivision!) offers extra space for outdoor living and future plans. You'll love the covered front porch to sit and enjoy the scenery as well as the room to move around on these 2 lots! New LVP flooring, WH 2023, newer appliances, and roof was resealed in 2020. The primary bedroom has a fabulous walk-in closet and a shower and separate tub. Fairfield Bay is a resort-style lake community on beautiful Greers Ferry Lake. Enjoy boating, fishing, or paddleboarding from the Fairfield Bay Marina, tee off on championship golf courses, or enjoy scenic trails like The Bay Trails. There’s also tennis/pickleball courts, pools, bowling, golf, local eateries, shopping, and community events that keep life active and social. Perfect for year-round living or a peaceful getaway, this property captures the best of Arkansas outdoor lifestyle and small-town charm. Make sure to check this one out!

Key facts

• Covered front porch
• Walk-in closet
• Permanent foundation

Tags

• PERMANENT FOUNDATION
• COVERED FRONT PORCH
• WALK-IN CLOSET
• CHAMPIONSHIP GOLF COURSES
• TENNIS PICKLEBALL COURTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $76k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Recommended offer: $67k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.6% vs local median 5.3% in Fairfield Bay — 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 62/100 on livability (#220 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: employment D+, schools F, amenities F.
• Shirley School District (rural): math 44% / reading 42% proficiency, ranked #132 of 245 in AR (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 259 active listings in the ZIP; 16 units permitted in Van Buren County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $163 of equity ($524 loan paydown + $-361 appreciation (-0.5% local appreciation)).
• Van Buren County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-0.5% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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.
• Current owner paid $55k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,660 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.38% ✓
• Cap rate: 17.65%
• Cash-on-cash: 40.56%
• DSCR: 2.80
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $47,424
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 Fairhaven Dr	0.07mi	3/2.0	1,216 (0%)	12mo	$47,000	$39	86

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

Projected returns pro-forma

-0.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 41.0%
• Equity multiple: 2.98×
• Total profit: $41,904
• Equity at exit: $20,208

10-year hold

• IRR: 44.6%
• Equity multiple: 5.90×
• Total profit: $103,931
• Equity at exit: $22,907

Cash invested: $21,210 (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 72088

• Home prices YoY: -0.2%
• Active inventory: 259
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,802 medium
• Mortgage (P&I): −$397
• Tax from tax record: −$28 /mo · $332/yr
• Insurance: −$32
• HOA: −$250
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $717

Break-even live

Break-even rent $894

Max offer price $75,750

Occupancy floor 55%

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: $18,938
• Closing costs: $2,272
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $250 · $3,000/yr
• Likely covers: pool

Listing history 22 events

1. 2026-06-18
   days on market $75,750 Active 182 DOM
2. 2026-06-17
   days on market $75,750 Active 181 DOM
3. 2026-06-16
   days on market $75,750 Active 180 DOM
4. 2026-06-15
   days on market $75,750 Active 179 DOM
5. 2026-06-14
   days on market $75,750 Active 177 DOM
6. 2026-06-12
   days on market $75,750 Active 176 DOM
7. 2026-06-09
   days on market $75,750 Active 173 DOM
8. 2026-06-08
   days on market $75,750 Active 172 DOM
9. 2026-06-07
   days on market $75,750 Active 171 DOM
10. 2026-06-07
    days on market $75,750 Active 170 DOM
11. 2026-06-04
    days on market $75,750 Active 167 DOM
12. 2026-06-02
    days on market $75,750 Active 166 DOM
13. 2026-06-01
    days on market $75,750 Active 165 DOM
14. 2026-05-31
    days on market $75,750 Active 164 DOM
15. 2026-05-31
    days on market $75,750 Active 163 DOM
16. 2026-04-29
    price $75,750 1132-char remark

    Show marketing remark (1132 chars)

    PARTIALLY FURNISHED + GREAT CONDITION! You'll love being by the lake! Watch the video walkthrough on YouTube! This move-in ready 3 bed, 2 bath single-wide mobile home on a permanent foundation, nestled on two lots (a rare find in this subdivision!) offers extra space for outdoor living and future plans. You'll love the covered front porch to sit and enjoy the scenery as well as the room to move around on these 2 lots! New LVP flooring, WH 2023, newer appliances, and roof was resealed in 2020. The primary bedroom has a fabulous walk-in closet and a shower and separate tub. Fairfield Bay is a resort-style lake community on beautiful Greers Ferry Lake. Enjoy boating, fishing, or paddleboarding from the Fairfield Bay Marina, tee off on championship golf courses, or enjoy scenic trails like The Bay Trails. There’s also tennis/pickleball courts, pools, bowling, golf, local eateries, shopping, and community events that keep life active and social. Perfect for year-round living or a peaceful getaway, this property captures the best of Arkansas outdoor lifestyle and small-town charm. Make sure to check this one out!

17. 2026-03-01
    price $77,250 1132-char remark

    Show marketing remark (1132 chars)

    PARTIALLY FURNISHED + GREAT CONDITION! You'll love being by the lake! Watch the video walkthrough on YouTube! This move-in ready 3 bed, 2 bath single-wide mobile home on a permanent foundation, nestled on two lots (a rare find in this subdivision!) offers extra space for outdoor living and future plans. You'll love the covered front porch to sit and enjoy the scenery as well as the room to move around on these 2 lots! New LVP flooring, WH 2023, newer appliances, and roof was resealed in 2020. The primary bedroom has a fabulous walk-in closet and a shower and separate tub. Fairfield Bay is a resort-style lake community on beautiful Greers Ferry Lake. Enjoy boating, fishing, or paddleboarding from the Fairfield Bay Marina, tee off on championship golf courses, or enjoy scenic trails like The Bay Trails. There’s also tennis/pickleball courts, pools, bowling, golf, local eateries, shopping, and community events that keep life active and social. Perfect for year-round living or a peaceful getaway, this property captures the best of Arkansas outdoor lifestyle and small-town charm. Make sure to check this one out!

18. 2025-12-18
    listed $78,000 New Listing 1132-char remark

    Show marketing remark (1132 chars)

    PARTIALLY FURNISHED + GREAT CONDITION! You'll love being by the lake! Watch the video walkthrough on YouTube! This move-in ready 3 bed, 2 bath single-wide mobile home on a permanent foundation, nestled on two lots (a rare find in this subdivision!) offers extra space for outdoor living and future plans. You'll love the covered front porch to sit and enjoy the scenery as well as the room to move around on these 2 lots! New LVP flooring, WH 2023, newer appliances, and roof was resealed in 2020. The primary bedroom has a fabulous walk-in closet and a shower and separate tub. Fairfield Bay is a resort-style lake community on beautiful Greers Ferry Lake. Enjoy boating, fishing, or paddleboarding from the Fairfield Bay Marina, tee off on championship golf courses, or enjoy scenic trails like The Bay Trails. There’s also tennis/pickleball courts, pools, bowling, golf, local eateries, shopping, and community events that keep life active and social. Perfect for year-round living or a peaceful getaway, this property captures the best of Arkansas outdoor lifestyle and small-town charm. Make sure to check this one out!

19. 2023-12-08
    soldstatus $55,000
20. 2022-08-19
    soldstatus $5,000
21. 2022-08-17
    soldstatus $5,000 31-char remark

    Show marketing remark (31 chars)

    2 Lots in the mobile home park.

22. 2022-07-05
    listed $5,000 31-char remark

    Show marketing remark (31 chars)

    2 Lots in the mobile home park.

ⓘ 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: $332 · $28/mo
• Projected year-2 tax: $485 · $40/mo
• Expected delta: +$153/yr (+$13/mo · 46.1%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 6 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $21,621
• − Mortgage interest: −$4,243
• − Property taxes: −$332
• − Insurance: −$379
• − Repairs & maintenance: −$1,730
• − Management: −$1,730
• − HOA: −$3,000
• − Depreciation: −$2,204
• Taxable income: $8,004
• Est. tax owed @ 24.0%: −$1,921
• After-tax cash flow: $6,682/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: Shirley School District
• NCES district ID: 0512420
• Math proficiency: 44% ▲ 4.00%
• Reading proficiency: 42% ▲ 1.00%
• Median HH income: $36,296
• Composite: 37.98/100
• National rank: #8669
• State rank: #132 of 245 in AR

Livability — Fairfield Bay

• Score: 62/100
• State rank: #220
• US rank: #16778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairfield Bay, AR
• City population: 2,264
• Population (ZIP): 2,264

Population outlook (Van Buren County) Hauer SSP2

• Today (2025): 15,459 people
• By 2030: 14,645 · -5.3%
• By 2040: 12,918 · -16.4%
• By 2050: 11,263 · -27.1%
• By 2075: 7,870 · -49.1%
• By 2100: 4,918 · -68.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 9% Iranian 2% Romanian 2%
• Foreign-born: 3% · Canada, Dominican Republic
• Languages at home: 94% English-only · Other Asian/Pacific 4% Tagalog/Filipino 1% Spanish 1%

Political lean MEDSL · Van Buren

• 2024 margin: Solid R (+60.2) · D 18.9% · R 79.0% · Other 2.1%
• 2008→2024 swing: -28.5pp toward R · 2008: -31.7pp · 2024: -60.2pp
• All cycles: 2024: R+60.2 2020: R+56.9 2016: R+53.9 2012: R+39.5 2008: R+31.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.48%
• Current HPI: 238.2694
• 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

+1415.0% since first listed

7 events — show timeline

• 2026-04-29 Price Changed $75,750 CARMLS
• 2026-03-01 Price Changed $77,250 CARMLS
• 2025-12-18 Listed $78,000 CARMLS
• 2023-12-08 Sold (Public Records) $55,000 Public Records
• 2022-08-19 Sold (Public Records) $5,000 Public Records
• 2022-08-17 Sold (MLS) $5,000 CARMLS
• 2022-07-05 Listed $5,000 CARMLS

Property tax history

+28.7%/yr

Latest (2025): $332 · +767.5% YoY. Source: county tax records.