153 Wahpeton Hill Rd · Hardy, AR 72542

$189,000

3 bd · 2.0 ba · 1,744 sqft · SingleFamily public records · 8 Days on market

0.62 ac lot

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Why this score? — see what drove the C- 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 +13.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.0/10.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

SPACIOUS 3-BEDROOM, 1.5 BATH home in W. Wahpeton Hill Subdivision in Hardy. New survey, hardwood floors, large eat-in kitchen, appliances included. Partial unfinished walk-out basement w/ garage. Plenty of room for a handyman's workshop. Large rear deck with lots of privacy for outside living. Just minutes to downtown HARDY AND SPRING RIVER!! AREA AMENITIES INCLUDE A BEAUTIFUL CITY PARK WITH PICNIC AREA , PLAYGROUND AND WALKING TRAIL.

Key facts

• Covered porch
• 0.62 acre lot
• Garage

Tags

• HISTORIC WAHPETON HILL
• COVERED PORCH
• ESTABLISHED GARDEN SPACE
• AMISH-BUILT STORAGE BUILDING
• METICULOUSLY RESTORED HOME
• UPDATES INCLUDING COUNTERTOPS

Property features AI

Finance

• Financial info: Financing options include VA, FHA, conventional, cash, and Rural Development

Exterior

• Parking: Garage; Parking pads; Automatic garage door opener
• Utilities: Public water; Public sewer; Municipal electric service (including Entergy)
• Home design: Metal/vinyl siding exterior; Architectural shingle roof; Crawl space foundation; Inside city limits
• Construction: Metal/Vinyl siding; Architectural shingle roof; Crawl space foundation
• Exterior features: Covered patio; Porch; Outside storage area; Guttering; Sloped, rural lot in a river/lake area; Paved road access

Interior

• Kitchen: Electric range; Dishwasher; Refrigerator stays
• Flooring: Vinyl floors
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Heat pump; Central electric cooling
• Interior features: Washer connection with washer included; Dryer connection (electric); Electric water heater; Ceiling fans; Insulated doors and windows
• Laundry & utility: Main laundry connections (washer connection, dryer connection); Inside-access basement with heating and cooling

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $3 ($36/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $166k (12.3% below list).
• Recommended offer: $166k (12.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#207 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A, crime B+; Watch: housing D, schools D-, amenities F.
• Highland School District (town): math 43% / reading 39% proficiency, ranked #66 of 238 in AR (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 129 active listings in the ZIP; 4 units permitted in Sharp County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $19k appreciation (10.0% local appreciation)).
• Sharp County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 6y 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 $75k; list at $189k implies a 152% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $165,709 (12.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.88% ✗
• Cap rate: 6.31%
• Cash-on-cash: 0.07%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $116,848
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
55 Hickory Park Dr	0.15mi	3/1.5	1,560 (-11%)	17mo	$105,000	$67	59

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: 24.3%
• Equity multiple: 2.95×
• Total profit: $103,148
• Equity at exit: $170,266

10-year hold

• IRR: 21.5%
• Equity multiple: 6.74×
• Total profit: $303,656
• Equity at exit: $367,185

Cash invested: $52,920 (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 72542

• Home prices YoY: 26.5%
• Active inventory: 129
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,657 medium
• Mortgage (P&I): −$991
• Tax est. 1.5%: −$236 /mo · $2,835/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $3

Break-even live

Break-even rent $1,653

Max offer price $189,000

Occupancy floor 95%

Sensitivity live

Price	-10% $134	-5% $68	+0% $3	+5% $-62	+10% $-128
Rent	-10% $-128	-5% $-62	+0% $3	+5% $68	+10% $134
Rate	-1.0pp $98	-0.5pp $51	base $3	+0.5pp $-46	+1.0pp $-96

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-21
   status $189,000 Under Contract 8 DOM
2. 2026-06-19
   days on market $189,000 Active 8 DOM
3. 2026-06-18
   statusdays on market $189,000 Active 7 DOM
4. 2026-06-17
   days on market $189,000 New Listing 6 DOM
5. 2026-06-16
   days on market $189,000 New Listing 5 DOM
6. 2026-06-15
   days on market $189,000 New Listing 4 DOM
7. 2026-06-14
   days on market $189,000 New Listing 2 DOM
8. 2026-06-12
   remarks 665-char remark
9. 2026-06-12
   listed $189,000 New Listing 1 DOM

ⓘ 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 5/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $19,885
• − Mortgage interest: −$10,587
• − Property taxes: −$2,835
• − Insurance: −$945
• − Repairs & maintenance: −$1,591
• − Management: −$1,591
• − Depreciation: −$5,498
• Taxable loss: −$3,162
• Est. tax savings @ 24.0%: +$759
• After-tax cash flow: $794/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: Highland School District
• NCES district ID: 0507770
• Math proficiency: 43% ▼ -7.00%
• Reading proficiency: 39% ▼ -9.00%
• Median HH income: $32,066
• Composite: 33.63/100
• National rank: #5400
• State rank: #66 of 238 in AR

Livability — Hardy

• Score: 62/100
• State rank: #207
• US rank: #16276

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hardy, AR
• Population (ZIP): 3,829

Population outlook (Sharp County) Hauer SSP2

• Today (2025): 16,170 people
• By 2030: 15,711 · -2.8%
• By 2040: 14,974 · -7.4%
• By 2050: 14,420 · -10.8%
• By 2075: 13,235 · -18.2%
• By 2100: 11,492 · -28.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 9% Asian 1%
• Common ancestry: Lithuanian 9% Slovak 3% Italian 2%
• Foreign-born: 1%
• Languages at home: 99% English-only · Other Indo-European 1%

Political lean MEDSL · Sharp

• 2024 margin: Solid R (+62.7) · D 17.7% · R 80.4% · Other 1.9%
• 2008→2024 swing: -33.7pp toward R · 2008: -28.9pp · 2024: -62.7pp
• All cycles: 2024: R+62.7 2020: R+60.0 2016: R+54.7 2012: R+38.8 2008: R+28.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 40.05%
• Current HPI: 191.38
• 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

+140.8% since first listed

6 events — show timeline

• 2026-06-11 Listed $189,000 CARMLS
• 2020-10-23 Sold (MLS) $75,000 NEABOR MLS
• 2020-10-23 Sold (MLS) $75,000 CARMLS
• 2020-10-09 Pending — CARMLS
• 2020-09-23 Listed $78,500 NEABOR MLS
• 2020-09-18 Listed $78,500 CARMLS

Property tax history

-32.7%/yr

Latest (2025): $58 · -63.3% YoY. Source: county tax records.