149 Sir Ian Ct · Bismarck, AR 71929

$249,900

3 bd · 2.0 ba · 1,594 sqft · SingleFamily public records · 37 Days on market

Built 2009 0.74 ac lot $157/sqft · 11% below area Est $282k · 11% under

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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).

• ARV discount +12.6/15.0
• Appreciation +10.0/10.0
• Cash flow +5.6/30.0
• Schools +4.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Nestled in a beautiful subdivision in Bismarck, this well-maintained 3-bedroom, 2 bath home with an additional office, sits on . 74 manicured acres. The fenced back yard offers plenty of space to enjoy, along with a storage building that provides easy access to the back yard. Also, a raised bed garden just ready for summer planting. Relax on the covered back patio overlooking the lush lawn and seasonal flowering bushes. The conveniently located laundry room is situated near bedrooms for added ease. The spacious primary bathroom features a walk-in shower and a whirlpool tub, creating the perfect place to unwind. Call for a showing today!

Key facts

• Fenced back yard
• Storage building
• Raised bed garden

Tags

• FENCED BACK YARD
• STORAGE BUILDING
• RAISED BED GARDEN
• COVERED BACK PATIO
• LAUNDRY ROOM NEAR BEDROOMS
• WALK-IN SHOWER

Property features AI

Finance

• Other: Approx. 1,594 finished area (per tax records); Approx. 0.74 acre lot (per tax records)
• HOA & community: Annual HOA fee frequency

Exterior

• Parking: 2-car garage
• Utilities: Septic; Public water; Electric service (municipal / Entergy)
• Home design: Brick and frame combination exterior
• Construction: Composition roof; Slab foundation
• Exterior features: Cul-de-sac lot; Paved road access

Interior

• Kitchen: Microwave; Electric range; Dishwasher
• Bedrooms: Office/Study (other room listed)
• Flooring: Carpet; Tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central cooling (electric)
• Interior features: Washer connection; Electric dryer connection; Walk-in closet(s); Walk-in shower
• Laundry & utility: Washer connection; Electric dryer connection

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-521 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $158k (36.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (51.5% below list).
• Recommended offer: $121k (51.5% below list) — sets the bar for 1% rule.
• Cap rate 3.8% vs local median 2.4% in Bismarck — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Bismarck School District (rural): math 51% / reading 53% proficiency, ranked #14 of 238 in AR (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 40 active listings in the ZIP; 4 units permitted in Hot Spring County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Hot Spring County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y 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 $140k; list at $250k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,150 (51.5% 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 37 days. Have you received any prior offers? Is the seller open to a 52% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.48% ✗
• Cap rate: 3.79%
• Cash-on-cash: -8.94%
• DSCR: 0.60
• GRM: 17.2

CMA / ARV

• ARV (median comp): $282,002
• List price: $249,900
• Delta: -11.38%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 18.0%
• Equity multiple: 2.47×
• Total profit: $102,757
• Equity at exit: $225,130

10-year hold

• IRR: 16.8%
• Equity multiple: 5.69×
• Total profit: $328,452
• Equity at exit: $485,501

Cash invested: $69,972 (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 71929

• Home prices YoY: 7.4%
• Active inventory: 40
• Price-to-rent: 17.2×

Monthly cashflow live

• Estimated rent: $1,212 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$64 /mo · $767/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-521

Break-even live

Break-even rent $1,872

Max offer price $157,785

Occupancy floor —

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $249,900 Active 37 DOM
2. 2026-06-18
   days on market $249,900 Active 36 DOM
3. 2026-06-17
   days on market $249,900 Active 35 DOM

   Show marketing remark (644 chars)

   Nestled in a beautiful subdivision in Bismarck, this well-maintained 3-bedroom, 2 bath home with an additional office, sits on . 74 manicured acres. The fenced back yard offers plenty of space to enjoy, along with a storage building that provides easy access to the back yard. Also, a raised bed garden just ready for summer planting. Relax on the covered back patio overlooking the lush lawn and seasonal flowering bushes. The conveniently located laundry room is situated near bedrooms for added ease. The spacious primary bathroom features a walk-in shower and a whirlpool tub, creating the perfect place to unwind. Call for a showing today!

4. 2026-06-16
   days on market $249,900 Active 34 DOM
5. 2026-06-15
   days on market $249,900 Active 33 DOM
6. 2026-06-14
   days on market $249,900 Active 31 DOM
7. 2026-06-13
   statusdays on market $249,900 Active 30 DOM
8. 2026-06-10
   days on market $249,900 Price Change 28 DOM
9. 2026-06-09
   days on market $249,900 Price Change 27 DOM
10. 2026-06-08
    days on market $249,900 Price Change 26 DOM
11. 2026-06-07
    pricestatusdays on market $249,900 Price Change 25 DOM
12. 2026-06-02
    days on market $259,000 Active 20 DOM
13. 2026-06-01
    days on market $259,000 Active 19 DOM
14. 2026-05-31
    days on market $259,000 Active 18 DOM
15. 2026-05-30
    days on market $259,000 Active 17 DOM
16. 2026-05-14
    listed $259,000 Active 644-char remark

    Show marketing remark (644 chars)

    Nestled in a beautiful subdivision in Bismarck, this well-maintained 3-bedroom, 2 bath home with an additional office, sits on . 74 manicured acres. The fenced back yard offers plenty of space to enjoy, along with a storage building that provides easy access to the back yard. Also, a raised bed garden just ready for summer planting. Relax on the covered back patio overlooking the lush lawn and seasonal flowering bushes. The conveniently located laundry room is situated near bedrooms for added ease. The spacious primary bathroom features a walk-in shower and a whirlpool tub, creating the perfect place to unwind. Call for a showing today!

17. 2026-05-11
    listed $259,000 New Listing 643-char remark
18. 2018-03-08
    status Under Contract

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

19. 2018-03-07
    soldstatus $140,000 Sold

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

20. 2018-03-07
    soldstatus $140,000

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

21. 2018-03-07
    soldstatus $140,000

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

22. 2018-02-10
    historical Take Backups

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

23. 2017-10-17
    listed $146,500 New Listing

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

24. 2017-10-17
    listed $146,500

    Show marketing remark (519 chars)

    Country Living is Beckoning!! A relaxing drive through rolling hills and meadows east of Bismarck will lead you to this country cutie, situated at the end of a quiet culdesac. .74 acres gives you a huge back yard, great for kids, pets, gardening. Close to Game & Fish + Ross Foundation property. Convenient to Lake DeGray. Approx. 1600 sf, w/ covered back porch, front porch, spacious kitchen w/ loads of counter and cabinet space (including a walk in pantry). 3 bed (could be 4), 2 ba, 2 car garage, addt parking

ⓘ 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: $767 · $64/mo
• Projected year-2 tax: $1,599 · $133/mo
• Expected delta: +$833/yr (+$69/mo · 108.6%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,538
• − Mortgage interest: −$13,998
• − Property taxes: −$767
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$7,270
• Taxable loss: −$11,072
• Est. tax savings @ 24.0%: +$2,657
• After-tax cash flow: $-3,600/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: Bismarck School District
• NCES district ID: 0503240
• Math proficiency: 51% ▼ -23.00%
• Reading proficiency: 53% ▼ -14.00%
• Median HH income: $42,486
• Composite: 43.73/100
• National rank: #2948
• State rank: #14 of 238 in AR

Livability — Bismarck

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 4,673

Population outlook (Hot Spring County) Hauer SSP2

• Today (2025): 34,464 people
• By 2030: 34,659 · +0.6%
• By 2040: 34,486 · +0.1%
• By 2050: 33,419 · -3.0%
• By 2075: 28,702 · -16.7%
• By 2100: 21,415 · -37.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Lithuanian 5% Italian 4% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Hot Spring

• 2024 margin: Solid R (+52.2) · D 22.9% · R 75.1% · Other 1.9%
• 2008→2024 swing: -27.7pp toward R · 2008: -24.4pp · 2024: -52.2pp
• All cycles: 2024: R+52.2 2020: R+48.7 2016: R+42.5 2012: R+29.0 2008: R+24.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 21.01%
• Current HPI: 305.8998
• 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

+70.6% since first listed

11 events — show timeline

• 2026-06-17 Price Changed $249,900 HSBOR
• 2026-06-06 Price Changed $249,900 CARMLS
• 2026-05-14 Listed $259,000 HSBOR
• 2026-05-11 Listed $259,000 CARMLS
• 2018-03-08 Pending — CARMLS
• 2018-03-07 Sold (Public Records) $140,000 Public Records
• 2018-03-07 Sold (MLS) $140,000 HSBOR
• 2018-03-07 Sold (MLS) $140,000 CARMLS
• 2018-02-10 Contingent — CARMLS
• 2017-10-17 Listed $146,500 CARMLS
• 2017-10-17 Listed $146,500 HSBOR

Property tax history

-0.6%/yr

Latest (2025): $767 · -11.5% YoY. Source: county tax records.