822 S Elm St · Little Rock, AR 72204

$60,000

3 bd · 1.0 ba · 1,272 sqft · SingleFamily public records · 199 Days on market

Built 1945 9,147 sqft lot $47/sqft · 46% below area Est $112k · 46% under ↓ 20% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

Key facts

• New floor joists
• New hot water heater
• All-electric

Tags

• UNFINISHED FIXER-UPPER
• NEW FLOOR JOISTS
• UPDATED PLUMBING
• NEW ROOF
• ALL-ELECTRIC
• NEW HOT WATER HEATER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $665 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.6% vs local median 4.1% in 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 (#22 in AR) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F.
• Little Rock School District (urban): math 23% / reading 26% proficiency, ranked #183 of 238 in AR (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 186 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($41k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k 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 + 4.9% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• 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 $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 2.29% ✓
• Cap rate: 19.59%
• Cash-on-cash: 47.49%
• DSCR: 3.11
• GRM: 3.6

CMA / ARV

• ARV (median comp): $111,929
• List price: $60,000
• Delta: -46.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4009 W 11th St	0.15mi	3/2.0	1,305 (+3%)	2mo	$161,950	$124	83
3710 W Capitol Ave	0.39mi	3/1.0	1,176 (-8%)	2mo	$142,500	$121	67
222 Valmar St	0.60mi	3/1.5	1,320 (+4%)	1mo	$255,000	$193	62
3212 Lamar	0.56mi	3/2.5	1,228 (-4%)	1mo	$75,000	$61	61
1001 S Monroe St	0.51mi	3/1.0	1,160 (-9%)	2mo	$130,000	$112	60
702 S Maple St	0.27mi	2/1.5 (-1)	1,112 (-13%)	1mo	$210,000	$189	58
317 S Uams Blvd	0.42mi	2/2.0 (-1)	1,373 (+8%)	1mo	$238,000	$173	57
316 Martin St	0.59mi	2/1.0 (-1)	1,347 (+6%)	1mo	$289,500	$215	57
400 Rosetta St	0.66mi	3/2.0	1,359 (+7%)	1mo	$264,900	$195	53
4213 A St	0.62mi	2/2.0 (-1)	1,186 (-7%)	2mo	$190,000	$160	49
1608 Green Meadow Dr	0.68mi	2/2.0 (-1)	1,390 (+9%)	2mo	$85,000	$61	42
119 N Palm St	0.70mi	2/2.5 (-1)	1,140 (-10%)	2mo	$312,000	$274	38

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 · 4.91% rent growth · sell at horizon

5-year hold

• IRR: 47.1%
• Equity multiple: 3.10×
• Total profit: $35,338
• Equity at exit: $8,946

10-year hold

• IRR: 53.6%
• Equity multiple: 6.77×
• Total profit: $96,865
• Equity at exit: $5,188

Cash invested: $16,800 (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 72204

• Home prices YoY: -21.5%
• Rents YoY: 4.9%
• Active inventory: 186
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,372 high
• Mortgage (P&I): −$315
• Tax from tax record: −$79 /mo · $954/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $665

Break-even live

Break-even rent $531

Max offer price $60,000

Occupancy floor 47%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4314 W 14th St Little Rock, AR	4.0	2.0	1223	$1,495	$1.22	23d	1	0.33mi
3715 W 13th St Little Rock, AR	2.0	1.0	1176	$900	$0.77	44d	1	0.33mi
4104 W 15th St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	44d	1	0.34mi
3423 Maryland Ave Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	44d	1	0.40mi
3615 W Capitol Ave Little Rock, AR	4.0	2.0	1410	$1,550	$1.10	23d	1	0.42mi
1205 Valmar St Little Rock, AR	2.0	1.0	1100	$1,199	$1.09	44d	1	0.42mi
1320 Adams St Little Rock, AR	3.0	1.0	1026	$1,025	$1.00	44d	1	0.45mi
4319 W 17th St Little Rock, AR	2.0	1.0	957	$950	$0.99	44d	1	0.54mi
3204 Maryland Ave Little Rock, AR	3.0	1.0	921	$1,095	$1.19	44d	1	0.55mi
3214 W 13th St Little Rock, AR	3.0	2.0	1264	$1,095	$0.87	44d	1	0.57mi
3825 W Markham St Little Rock, AR	2.0	1.0	950	$1,095	$1.15	44d	1	0.59mi
3109 W 11th St Little Rock, AR	3.0	2.0	1055	$1,295	$1.23	44d	1	0.62mi
3800 W Markham St Little Rock, AR	2.0	1.0	1196	$1,250	$1.05	44d	1	0.62mi
4721 W 16th St Little Rock, AR	4.0	1.0	1100	$1,195	$1.09	23d	1	0.64mi
100 Linwood Ct Little Rock, AR	2.0	1.0	1475	$1,475	$1.00	14d	1	0.65mi
100 Linwood Ct Unit NA Little Rock, AR	2.0	1.0	1475	$1,475	$1.00	19d	1	0.65mi
3401 W 17th St Little Rock, AR	3.0	2.0	1370	$1,400	$1.02	44d	1	0.67mi
1626 S Brown St Little Rock, AR	3.0	2.0	1386	$995	$0.72	44d	1	0.70mi
1720 Pinewood Dr Little Rock, AR	3.0	2.0	1382	$1,180	$0.85	44d	1	0.71mi
901 S Harrison St Little Rock, AR	2.0	1.0	1000	$980	$0.98	19d	1	0.73mi
223 Linwood Ct Little Rock, AR	3.0	2.0	1702	$1,695	$1.00	23d	1	0.75mi
408 Booker St Little Rock, AR	2.0	2.0	936	$1,350	$1.44	44d	1	0.77mi
322 Rose St Little Rock, AR	3.0	2.0	1200	$1,850	$1.54	14d	1	0.78mi
4304 W 22nd St Little Rock, AR	2.0	1.0	896	$895	$1.00	44d	1	0.80mi
119 N Monroe St Little Rock, AR	3.0	2.0	1490	$1,850	$1.24	44d	1	0.81mi
2100 Valmar St Little Rock, AR	2.0	1.0	1219	$1,200	$0.98	23d	1	0.82mi
2105 S Valentine St Little Rock, AR	4.0	2.0	1223	$1,595	$1.30	14d	1	0.82mi
2900 W 15th St Little Rock, AR	3.0	1.0	1337	$950	$0.71	44d	1	0.83mi
1820 Johnson St Little Rock, AR	4.0	2.0	1223	$1,550	$1.27	19d	1	0.87mi
325 Midland St Little Rock, AR	3.0	2.0	1647	$2,675	$1.62	44d	1	0.88mi
2803 W Daisy L Gatson Bates Dr Little Rock, AR	4.0	2.0	1138	$1,495	$1.31	44d	1	0.89mi
2305 S Oak St Little Rock, AR	4.0	2.0	1223	$1,525	$1.25	44d	1	0.91mi
1822 Booker St Little Rock, AR	3.0	2.0	1076	$1,195	$1.11	23d	1	0.92mi
1914 S Van Buren St Little Rock, AR	3.0	1.5	1318	$995	$0.75	23d	1	0.95mi
2220 S Martin St Little Rock, AR	2.0	1.0	1143	$900	$0.79	23d	1	0.96mi
4022 W 25th St Little Rock, AR	3.0	1.0	1674	$1,025	$0.61	44d	1	0.97mi
4815 Lee Ave Little Rock, AR	3.0	2.0	1459	$2,950	$2.02	44d	1	0.99mi
1701 Fair Park Blvd Little Rock, AR	2.0	1.0	1170	$1,050	$0.90	44d	1	0.99mi
2421 S Oak St Little Rock, AR	3.0	1.0	1092	$950	$0.87	21d	1	0.99mi
4905 Lee Ave Little Rock, AR	2.0	2.0	1152	$2,050	$1.78	23d	1	1.01mi

Listing history 7 events

1. 2026-05-19
   status Under Contract 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

2. 2026-04-19
   status Back on Market 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

3. 2026-04-11
   historical 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

4. 2026-03-26
   status Under Contract 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

5. 2026-03-19
   price $60,000 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

6. 2025-10-30
   price $69,900 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

7. 2025-10-08
   listed $75,000 New Listing 523-char remark

   Show marketing remark (523 chars)

   Investor opportunity! Unfinished fixer-upper with outstanding potential. The home features new floor joists updated plumbing throughout, a new roof, and has been switched to all-electric. Included a new hot water heater, two new toilets, vanity, and a brand-new tub—ready for your finishing touches. Located in a prime area near interstates, hospitals, restaurants, universities, and shopping. Sold as-is and no seller property disclosure. Don’t miss this chance to bring your vision to life! SEE AGENT REMARKS

ⓘ 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: $954 · $79/mo
• Projected year-2 tax: $954 · $79/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 19 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: $16,467
• − Mortgage interest: −$3,361
• − Property taxes: −$954
• − Insurance: −$300
• − Repairs & maintenance: −$1,317
• − Management: −$1,317
• − Depreciation: −$1,745
• Taxable income: $7,472
• Est. tax owed @ 24.0%: −$1,793
• After-tax cash flow: $6,186/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: Little Rock School District
• NCES district ID: 0509000
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $43,346
• Composite: 21.0/100
• National rank: #8457
• State rank: #183 of 238 in AR

Livability — Little Rock

• Score: 73/100
• State rank: #22
• US rank: #5295

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Little Rock, AR
• County: Pulaski County · 372,764 people
• City population: 218,896
• Metro: Little Rock-North Little Rock-Conway, AR
• Population (ZIP): 30,525
• Household income: $40,882
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1553.0

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: Predominantly Black (66%)
• Race & ethnicity: Black 66% White 18% Hispanic / Latino 12% Two or more races 6%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

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: ▼ -47.17%
• Current HPI: 172.3977
• Rent YoY: ▲ 4.91%
• 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

-20.0% since first listed

7 events — show timeline

• 2026-05-19 Pending — CARMLS
• 2026-04-19 Relisted — CARMLS
• 2026-04-11 Listing Removed — CARMLS
• 2026-03-26 Pending — CARMLS
• 2026-03-19 Price Changed $60,000 CARMLS
• 2025-10-30 Price Changed $69,900 CARMLS
• 2025-10-08 Listed $75,000 CARMLS

Property tax history

+12.9%/yr

Latest (2025): $954 · +0.0% YoY. Source: county tax records.