6475 Highway 67 · Corning, AR 72422

$120,000

3 bd · 2.0 ba · 1,336 sqft · SingleFamily public records · 80 Days on market

Built 1980 5.65 ac lot

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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).

• Cash flow +15.4/30.0
• ARV discount +7.5/15.0
• Appreciation +5.9/10.0
• DSCR +4.7/10.0
• 1% rule +4.2/10.0
• Livability +3.6/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Diamond in the Rough: 5-Acre Fishing Retreat in Corning, AR Unleash your vision on this secluded 5.65 -acre property, perfectly positioned for the ultimate sportsman’s lifestyle in Clay County. Located in Corning, Arkansas, this property offers a rare "blank canvas" opportunity for those who love the outdoors. Whether you’re looking to finish a custom fishing lodge or establish a permanent homestead near some of the best duck hunting and fishing in the Natural State, this is the foundation you’ve been waiting for. 3 bedroom 2.5 bath unfinished 1336 sqft. fishing cabin with a 2 car garage and a 36 x 60 barn.

Key facts

• Fishing cabin
• Custom fishing lodge
• 36 x 60 barn

Tags

• 5 ACRE FISHING RETREAT
• CUSTOM FISHING LODGE
• FISHING CABIN
• 36 X 60 BARN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $46 ($554/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 $111k (7.7% below list).
• Recommended offer: $111k (7.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#38 in AR) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Corning School District (town): math 33% / reading 38% proficiency, ranked #123 of 238 in AR (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 44 active listings in the ZIP; 4 units permitted in Clay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($830 loan paydown + $2k appreciation (1.8% local appreciation)).
• Clay County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.8% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 51y 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; list at $120k implies a 118% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $110,815 (7.7% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 8% 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. 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?
5. 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?
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: 0.92% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.65%
• DSCR: 1.07
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.83% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.6%
• Equity multiple: 1.30×
• Total profit: $10,138
• Equity at exit: $46,219

10-year hold

• IRR: 9.3%
• Equity multiple: 2.24×
• Total profit: $41,511
• Equity at exit: $65,713

Cash invested: $33,600 (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 72422

• Home prices YoY: 1.0%
• Active inventory: 44
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,108 medium
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,800/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $46

Break-even live

Break-even rent $1,050

Max offer price $120,000

Occupancy floor 91%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   statusdays on market $120,000 Active 80 DOM
2. 2026-06-18
   days on market $120,000 Price Change 79 DOM
3. 2026-06-17
   days on market $120,000 Price Change 78 DOM
4. 2026-06-16
   days on market $120,000 Price Change 77 DOM
5. 2026-06-15
   days on market $120,000 Price Change 76 DOM
6. 2026-06-14
   days on market $120,000 Price Change 74 DOM
7. 2026-06-13
   pricestatus $120,000 Price Change 73 DOM
8. 2026-06-12
   days on market $125,000 Active 73 DOM
9. 2026-06-09
   days on market $125,000 Active 70 DOM
10. 2026-06-08
    days on market $125,000 Active 69 DOM
11. 2026-06-07
    days on market $125,000 Active 68 DOM
12. 2026-06-03
    days on market $125,000 Active 64 DOM
13. 2026-06-02
    days on market $125,000 Active 63 DOM
14. 2026-06-01
    days on market $125,000 Active 62 DOM
15. 2026-05-31
    days on market $125,000 Active 61 DOM
16. 2026-05-30
    days on market $125,000 Active 60 DOM
17. 2026-04-01
    listed $125,000 New Listing 642-char remark

    Show marketing remark (642 chars)

    Diamond in the Rough: 5-Acre Fishing Retreat in Corning, AR Unleash your vision on this secluded 5.65 -acre property, perfectly positioned for the ultimate sportsman’s lifestyle in Clay County. Located in Corning, Arkansas, this property offers a rare "blank canvas" opportunity for those who love the outdoors. Whether you’re looking to finish a custom fishing lodge or establish a permanent homestead near some of the best duck hunting and fishing in the Natural State, this is the foundation you’ve been waiting for. 3 bedroom 2.5 bath unfinished 1336 sqft. fishing cabin with a 2 car garage and a 36 x 60 barn.

18. 1996-11-21
    soldstatus $55,000
19. 1975-03-26
    listed $125,000 New Listing 547-char remark

    Show marketing remark (547 chars)

    Diamond in the Rough: 5-Acre Fishing Retreat in Corning, AR Unleash your vision on this secluded 5.65 -acre property, perfectly positioned for the ultimate sportsman’s lifestyle in Clay County. Located in Corning, Arkansas, this property offers a rare "blank canvas" opportunity for those who love the outdoors. Whether you’re looking to finish a custom fishing lodge or establish a permanent homestead near some of the best duck hunting and fishing in the Natural State, this is the foundation you’ve been waiting for.

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $13,298
• − Mortgage interest: −$6,722
• − Property taxes: −$1,800
• − Insurance: −$600
• − Repairs & maintenance: −$1,064
• − Management: −$1,064
• − Depreciation: −$3,491
• Taxable loss: −$1,443
• Est. tax savings @ 24.0%: +$346
• After-tax cash flow: $900/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: Corning School District
• NCES district ID: 0500009
• Math proficiency: 33% ▼ -8.00%
• Reading proficiency: 38% ▼ -8.00%
• Median HH income: $28,919
• Composite: 28.73/100
• National rank: #6679
• State rank: #123 of 238 in AR

Livability — Corning

• Score: 71/100
• State rank: #38
• US rank: #6594

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,302

Population outlook (Clay County) Hauer SSP2

• Today (2025): 13,564 people
• By 2030: 12,834 · -5.4%
• By 2040: 11,498 · -15.2%
• By 2050: 10,325 · -23.9%
• By 2075: 8,228 · -39.3%
• By 2100: 6,675 · -50.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6%
• Common ancestry: Lithuanian 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+61.6) · D 18.3% · R 79.9% · Other 1.9%
• 2008→2024 swing: -47.3pp toward R · 2008: -14.3pp · 2024: -61.6pp
• All cycles: 2024: R+61.6 2020: R+60.3 2016: R+29.8 2012: R+29.1 2008: R+14.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.83%
• Current HPI: 191.7305
• 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

+0.0% since first listed

3 events — show timeline

• 2026-04-01 Listed $125,000 CARMLS
• 1996-11-21 Sold (Public Records) $55,000 Public Records
• 1975-03-26 Listed $125,000 CARMLS

Property tax history

+15.8%/yr

Latest (2025): $116 · +0.0% YoY. Source: county tax records.