470 Mc 422 · Genoa, AR 71854

$110,000

3 bd · 2.0 ba · 1,440 sqft · SingleFamily · 129 Days on market

Built 1994 Average condition 0.50 ac lot $76/sqft · 53% below area

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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 +28.4/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable space in Genoa ISD! Welcome to comfortable country living in the desirable Genoa School District! This 3 bedroom, 2 bath mobile home offers approximately 1,440 square feet of living space and sits on acre +/- in Texarkana, AR — giving you room to spread out while still being convenient to town. Built in 1994, this 18x80 home features a spacious living area, a functional kitchen with plenty of cabinet space, and a split-bedroom layout that provides privacy for the primary suite. The primary bedroom includes its own private bath, while the additional bedrooms offer flexibility for family, guests, or a home office. Enjoy the benefits of a larger lot with space for outdoor activities, gardening, pets, or simply relaxing. A storage shed is included, providing extra room for tools, lawn equipment, or hobbies. Whether you're a first-time buyer, downsizing, or looking for an affordable property in Genoa ISD, this home offers great potential and value. Schedule your showing today and come see the opportunity this property has to offer!

Key facts

• 0.5 acre lot
• Built 1994
• Listed 128 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $357 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Genoa Central School District (rural): math 60% / reading 57% proficiency, ranked #6 of 238 in AR (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 273 active listings in the ZIP; 21 units permitted in Miller County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($47k/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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Miller County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.29% ✓
• Cap rate: 10.19%
• Cash-on-cash: 13.93%
• DSCR: 1.62
• GRM: 6.5

CMA / ARV

• ARV (median comp): $232,118
• List price: $110,000
• Delta: -52.61%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
386 Miller County 422	0.10mi	3/1.0	1,344 (-7%)	6mo	$230,000	$171	75

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.2%
• Equity multiple: 1.16×
• Total profit: $4,964
• Equity at exit: $16,401

10-year hold

• IRR: 13.7%
• Equity multiple: 2.10×
• Total profit: $33,727
• Equity at exit: $9,511

Cash invested: $30,800 (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 71854

• Home prices YoY: -16.9%
• Active inventory: 273
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,415 medium
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $357

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 70%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $110,000 Active 129 DOM
2. 2026-06-18
   days on market $110,000 Active 128 DOM
3. 2026-06-17
   days on market $110,000 Active 127 DOM
4. 2026-06-16
   days on market $110,000 Active 126 DOM
5. 2026-06-15
   days on market $110,000 Active 125 DOM
6. 2026-06-14
   days on market $110,000 Active 123 DOM
7. 2026-06-13
   days on market $110,000 Active 122 DOM
8. 2026-06-10
   days on market $110,000 Active 120 DOM
9. 2026-06-09
   days on market $110,000 Active 119 DOM
10. 2026-06-08
    days on market $110,000 Active 118 DOM
11. 2026-06-07
    days on market $110,000 Active 117 DOM
12. 2026-06-05
    days on market $110,000 Active 114 DOM
13. 2026-06-02
    days on market $110,000 Active 112 DOM
14. 2026-06-01
    days on market $110,000 Active 111 DOM
15. 2026-05-31
    days on market $110,000 Active 110 DOM
16. 2026-05-30
    days on market $110,000 Active 109 DOM
17. 2026-02-10
    listed $110,000 Active 1060-char remark

    Show marketing remark (1060 chars)

    Affordable space in Genoa ISD! Welcome to comfortable country living in the desirable Genoa School District! This 3 bedroom, 2 bath mobile home offers approximately 1,440 square feet of living space and sits on acre +/- in Texarkana, AR — giving you room to spread out while still being convenient to town. Built in 1994, this 18x80 home features a spacious living area, a functional kitchen with plenty of cabinet space, and a split-bedroom layout that provides privacy for the primary suite. The primary bedroom includes its own private bath, while the additional bedrooms offer flexibility for family, guests, or a home office. Enjoy the benefits of a larger lot with space for outdoor activities, gardening, pets, or simply relaxing. A storage shed is included, providing extra room for tools, lawn equipment, or hobbies. Whether you're a first-time buyer, downsizing, or looking for an affordable property in Genoa ISD, this home offers great potential and value. Schedule your showing today and come see the opportunity this property has to offer!

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $16,977
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,358
• − Management: −$1,358
• − Depreciation: −$3,200
• Taxable income: $2,699
• Est. tax owed @ 24.0%: −$648
• After-tax cash flow: $3,642/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.

Condition & rehab AI · 6 photos

Average 55/100 Moderate rehab

This 1994 mobile home in Genoa, AR, offers a moderate level of renovation needed to improve its curb appeal and living space. Repairs and maintenance are required to address minor wear and tear, while updates to the interior walls and flooring can significantly enhance its resale value.

Repairs flagged

• Minor wooden deck — slight wear
• Minor wooden flooring — slight wear
• Minor interior walls/paint — slight wear

Value-add opportunities

• Resale paint interior walls — enhances curb appeal
• Resale replace wooden deck — improves curb appeal
• Resale repair wooden flooring — improves living space appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
wooden deck · slight wear	Minor	$500–3,000
wooden flooring · slight wear	Minor	$500–3,000
interior walls/paint · slight wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale paint interior walls — enhances curb appeal ↑
• Resale replace wooden deck — improves curb appeal ↑
• Resale repair wooden flooring — improves living space appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Genoa Central School District
• NCES district ID: 0504110
• Math proficiency: 60% ▼ -3.00%
• Reading proficiency: 57% ▼ -1.00%
• Median HH income: $46,716
• Composite: 49.54/100
• National rank: #1991
• State rank: #6 of 238 in AR

Livability — Genoa

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

Census & demographics

• County: Miller County · 35,720 people
• Metro: Texarkana, TX-AR
• Population (ZIP): 35,720
• Household income: $46,878
• Rent vs Own: 38.6% rent · 61.4% own
• Severe rent burden: 1388.0

Population outlook (Miller County) Hauer SSP2

• Today (2025): 44,197 people
• By 2030: 43,844 · -0.8%
• By 2040: 42,680 · -3.4%
• By 2050: 41,024 · -7.2%
• By 2075: 35,685 · -19.3%
• By 2100: 28,325 · -35.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 30% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Lithuanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Miller

• 2024 margin: Solid R (+51.1) · D 23.9% · R 74.9% · Other 1.2%
• 2008→2024 swing: -17.6pp toward R · 2008: -33.5pp · 2024: -51.1pp
• All cycles: 2024: R+51.1 2020: R+46.4 2016: R+43.8 2012: R+39.8 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.00%
• Current HPI: 196.7615
• Rent YoY: —
• Metro: Texarkana, TX-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

1 event — show timeline

• 2026-02-10 Listed $110,000 TBOR