304 Norma Jean Dr · Trumann, AR 72472

$35,000

3 bd · 1.0 ba · 1,050 sqft · SingleFamily public records · 4 Days on market

Built 1983 6,969 sqft lot ↓ 22% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +1.7/10.0

Listing remarks MLS

Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

Key facts

• 6,969 sq ft lot
• Parking
• Built 1983

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $490 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($926 rent vs $35k).
• Cap rate 23.1% vs local median 4.4% in Trumann — 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 57/100 on livability (#353 in AR) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D, employment D, crime F.
• Trumann School District (town): math 28% / reading 26% proficiency, ranked #178 of 238 in AR (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 73 active listings in the ZIP; 67 units permitted in Poinsett County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Poinsett County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 5y 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.

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 $35,000

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. 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?
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: 2.65% ✓
• Cap rate: 23.09%
• Cash-on-cash: 60.00%
• DSCR: 3.67
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $122,850
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
304 Norma Jean Dr	0.00mi	3/1.0	1,050 (0%)	1mo	$37,500	$36	99
504 Locust	0.30mi	3/1.0	1,100 (+5%)	4mo	$68,000	$62	75
65 Boxwood Dr	0.08mi	3/1.0	950 (-10%)	13mo	$124,900	$131	70
215 Delta Ave	0.07mi	3/1.5	1,150 (+10%)	12mo	$79,500	$69	69
313 Olive St	0.37mi	2/1.0 (-1)	1,016 (-3%)	7mo	$65,000	$64	67
704 N Ozark st Ave	0.60mi	3/1.0	1,000 (-5%)	9mo	$117,000	$117	56
117 Jennifer St	0.69mi	3/1.0	968 (-8%)	1mo	$120,000	$124	54
209 Bell	0.65mi	3/1.0	989 (-6%)	17mo	$122,000	$123	46
408 Harrison St	0.50mi	3/1.0	1,148 (+9%)	20mo	$6,500	$6	44
309 Sharon Dr	0.54mi	3/1.0	1,188 (+13%)	11mo	$83,000	$70	44
329 Sharon Dr	0.55mi	2/1.0 (-1)	900 (-14%)	3mo	$105,000	$117	43
325 Sharon Dr	0.54mi	2/1.0 (-1)	900 (-14%)	12mo	$104,900	$117	36

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: 58.7%
• Equity multiple: 3.61×
• Total profit: $25,550
• Equity at exit: $5,219

10-year hold

• IRR: 63.5%
• Equity multiple: 7.38×
• Total profit: $62,491
• Equity at exit: $3,026

Cash invested: $9,800 (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 72472

• Home prices YoY: -3.1%
• Active inventory: 73
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $926 medium
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $490

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 42%

Sensitivity live

Price	-10% $514	-5% $502	+0% $490	+5% $478	+10% $466
Rent	-10% $417	-5% $453	+0% $490	+5% $527	+10% $563
Rate	-1.0pp $508	-0.5pp $499	base $490	+0.5pp $481	+1.0pp $472

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-04-17
   status Under Contract
2. 2026-04-13
   listed $35,000 New Listing
3. 2021-08-09
   soldstatus $69,900
4. 2021-08-06
   status Under Contract 419-char remark

   Show marketing remark (419 chars)

   Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

5. 2021-08-05
   soldstatus $69,900 Sold 419-char remark

   Show marketing remark (419 chars)

   Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

6. 2021-07-21
   soldstatus $69,900 432-char remark

   Show marketing remark (432 chars)

   Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Would make a great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

7. 2021-06-24
   historical 419-char remark

   Show marketing remark (419 chars)

   Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

8. 2021-06-21
   status Back on Market 419-char remark

   Show marketing remark (419 chars)

   Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

9. 2021-06-16
   historical 419-char remark

   Show marketing remark (419 chars)

   Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

10. 2021-06-10
    status Back on Market 419-char remark

    Show marketing remark (419 chars)

    Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

11. 2021-04-21
    historical 419-char remark

    Show marketing remark (419 chars)

    Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

12. 2021-04-09
    price $69,900 419-char remark

    Show marketing remark (419 chars)

    Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

13. 2021-02-21
    listed $75,000 Active 419-char remark

    Show marketing remark (432 chars)

    Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Would make a great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

14. 2021-02-21
    listed $69,900 432-char remark

    Show marketing remark (432 chars)

    Cute 3 bedroom, 1 bath home located in Trumann. This home has had several updates in the last couple years which includes a new metal roof, vinyl plank flooring, fresh carpet in the bedrooms. Would make a great starter home that would possibly qualify for 0% down financing. Also would make a great investment property for any investor to add to their inventory. Call today for more information or to schedule a showing appointment.

15. 2008-04-18
    soldstatus $12,667
16. 2001-08-24
    soldstatus $45,000

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $11,117
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$889
• − Management: −$889
• − Depreciation: −$1,018
• Taxable income: $5,660
• Est. tax owed @ 24.0%: −$1,358
• After-tax cash flow: $4,522/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: Trumann School District
• NCES district ID: 0500047
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 26% ▼ -7.00%
• Median HH income: $35,307
• Composite: 22.33/100
• National rank: #8130
• State rank: #178 of 238 in AR

Livability — Trumann

• Score: 57/100
• State rank: #353
• US rank: #21973

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trumann, AR
• Population (ZIP): 8,868

Population outlook (Poinsett County) Hauer SSP2

• Today (2025): 22,998 people
• By 2030: 22,356 · -2.8%
• By 2040: 21,150 · -8.0%
• By 2050: 20,035 · -12.9%
• By 2075: 17,745 · -22.8%
• By 2100: 15,358 · -33.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Black 7% Hispanic / Latino 3%
• Common ancestry: Italian 1% Greek 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Poinsett

• 2024 margin: Solid R (+63.5) · D 17.4% · R 81.0% · Other 1.6%
• 2008→2024 swing: -36.3pp toward R · 2008: -27.2pp · 2024: -63.5pp
• All cycles: 2024: R+63.5 2020: R+59.8 2016: R+24.1 2012: R+34.2 2008: R+27.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -6.69%
• Current HPI: 208.64
• 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

-22.2% since first listed

16 events — show timeline

• 2026-04-17 Pending — CARMLS
• 2026-04-13 Listed $35,000 CARMLS
• 2021-08-09 Sold (Public Records) $69,900 Public Records
• 2021-08-06 Pending — CARMLS
• 2021-08-05 Sold (MLS) $69,900 CARMLS
• 2021-07-21 Sold (MLS) $69,900 NEABOR MLS
• 2021-06-24 Listing Removed — CARMLS
• 2021-06-21 Relisted — CARMLS
• 2021-06-16 Listing Removed — CARMLS
• 2021-06-10 Relisted — CARMLS
• 2021-04-21 Listing Removed — CARMLS
• 2021-04-09 Price Changed $69,900 CARMLS
• 2021-02-21 Listed $69,900 NEABOR MLS
• 2021-02-21 Listed $75,000 CARMLS
• 2008-04-18 Sold (Public Records) $12,667 Public Records
• 2001-08-24 Sold (Public Records) $45,000 Public Records

Property tax history

-18.6%/yr

Latest (2025): $34 · +0.0% YoY. Source: county tax records.