2600 Wolfe St · Little Rock, AR 72206

$92,000

5 bd · 2.0 ba · 2,909 sqft · SingleFamily public records · 371 Days on market

Built 1920 0.31 ac lot $32/sqft · 24% below area Est $122k · 24% under ↓ 29% 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
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic 100-year-old home with space, location and potential for a wonderful living experience. The property needs work, and this will be a labor of love those who can appreciate the intrinsic value. Property is being sold "AS Is". Seller will not provide a termite policy nor turn on any utilities for buyer's inspection or appraisal. Agent check remarks.

Key facts

• 0.31 acre lot
• Built 1920
• Listed 371 days

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $774 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $92k).
• Recommended offer: $81k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.4% 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 (+3.4%/yr); 125 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,006 units permitted in Pulaski County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($52k/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 $636 of loan paydown is wiped out by about $3k 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 + 3.4% rent growth), your $26k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 371 days — a 12% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $38k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $80,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 371 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 1920 — 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: 2.01% ✓
• Cap rate: 16.38%
• Cash-on-cash: 36.04%
• DSCR: 2.60
• GRM: 4.1

CMA / ARV

• ARV (median comp): $121,756
• List price: $92,000
• Delta: -24.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2118 S Battery	0.34mi	5/3.5	2,893 (-1%)	12mo	$249,000	$86	67
2600 Battery St	0.07mi	4/3.0 (-1)	3,292 (+13%)	2mo	$123,000	$37	64
1920 S Summit St	0.49mi	4/2.5 (-1)	2,922 (+0%)	13mo	$119,400	$41	59
2403 S State St	0.66mi	5/2.0	2,690 (-8%)	4mo	$85,000	$32	53
923 W Charles Bussey Ave	0.66mi	4/3.5 (-1)	3,016 (+4%)	11mo	$286,000	$95	43
1118 W 35th St	0.70mi	6/2.0 (+1)	2,608 (-10%)	4mo	$28,000	$11	42
2101 S Battery St	0.36mi	4/3.0 (-1)	3,152 (+8%)	23mo	$360,000	$114	41
2301 S Summit St	0.25mi	4/4.0 (-1)	3,300 (+13%)	16mo	$349,900	$106	40
2101 S State St	0.74mi	4/3.0 (-1)	2,672 (-8%)	19mo	$60,000	$22	27

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 · 3.36% rent growth · sell at horizon

5-year hold

• IRR: 32.2%
• Equity multiple: 2.36×
• Total profit: $35,096
• Equity at exit: $13,717

10-year hold

• IRR: 39.5%
• Equity multiple: 4.77×
• Total profit: $97,029
• Equity at exit: $7,954

Cash invested: $25,760 (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 72206

• Rents YoY: 3.4%
• Active inventory: 125
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,850 medium
• Mortgage (P&I): −$482
• Tax from tax record: −$167 /mo · $2,008/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $774

Break-even live

Break-even rent $871

Max offer price $92,000

Occupancy floor 53%

Sensitivity live

Price	-10% $826	-5% $800	+0% $774	+5% $748	+10% $722
Rent	-10% $627	-5% $701	+0% $774	+5% $847	+10% $920
Rate	-1.0pp $820	-0.5pp $797	base $774	+0.5pp $750	+1.0pp $726

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2103 Wolfe St Little Rock, AR	4.0	2.5	3775	$2,700	$0.72	44d	1	0.34mi

Listing history 20 events

1. 2026-06-18
   days on market $92,000 Active 371 DOM
2. 2026-06-17
   days on market $92,000 Active 370 DOM
3. 2026-06-16
   days on market $92,000 Active 369 DOM
4. 2026-06-15
   days on market $92,000 Active 368 DOM
5. 2026-06-14
   days on market $92,000 Active 366 DOM
6. 2026-06-13
   days on market $92,000 Active 365 DOM
7. 2026-06-10
   days on market $92,000 Active 363 DOM
8. 2026-06-09
   days on market $92,000 Active 362 DOM
9. 2026-06-08
   days on market $92,000 Active 361 DOM
10. 2026-06-05
    days on market $92,000 Active 357 DOM
11. 2026-06-03
    days on market $92,000 Active 356 DOM
12. 2026-06-02
    days on market $92,000 Active 355 DOM
13. 2026-06-01
    days on market $92,000 Active 354 DOM
14. 2026-05-31
    days on market $92,000 Active 353 DOM
15. 2026-05-31
    days on market $92,000 Active 352 DOM
16. 2026-05-11
    status Back on Market 366-char remark

    Show marketing remark (366 chars)

    Classic 100-year-old home with space, location and potential for a wonderful living experience. The property needs work, and this will be a labor of love those who can appreciate the intrinsic value. Property is being sold "AS Is". Seller will not provide a termite policy nor turn on any utilities for buyer's inspection or appraisal. Agent check remarks.

17. 2026-01-31
    historical Take Backups 366-char remark

    Show marketing remark (366 chars)

    Classic 100-year-old home with space, location and potential for a wonderful living experience. The property needs work, and this will be a labor of love those who can appreciate the intrinsic value. Property is being sold "AS Is". Seller will not provide a termite policy nor turn on any utilities for buyer's inspection or appraisal. Agent check remarks.

18. 2025-11-15
    price $92,000 366-char remark

    Show marketing remark (366 chars)

    Classic 100-year-old home with space, location and potential for a wonderful living experience. The property needs work, and this will be a labor of love those who can appreciate the intrinsic value. Property is being sold "AS Is". Seller will not provide a termite policy nor turn on any utilities for buyer's inspection or appraisal. Agent check remarks.

19. 2025-07-31
    price $110,000 366-char remark

    Show marketing remark (366 chars)

    Classic 100-year-old home with space, location and potential for a wonderful living experience. The property needs work, and this will be a labor of love those who can appreciate the intrinsic value. Property is being sold "AS Is". Seller will not provide a termite policy nor turn on any utilities for buyer's inspection or appraisal. Agent check remarks.

20. 2025-06-10
    listed $130,000 New Listing 366-char remark

    Show marketing remark (366 chars)

    Classic 100-year-old home with space, location and potential for a wonderful living experience. The property needs work, and this will be a labor of love those who can appreciate the intrinsic value. Property is being sold "AS Is". Seller will not provide a termite policy nor turn on any utilities for buyer's inspection or appraisal. Agent check 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: $2,008 · $167/mo
• Projected year-2 tax: $2,008 · $167/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $22,204
• − Mortgage interest: −$5,153
• − Property taxes: −$2,008
• − Insurance: −$460
• − Repairs & maintenance: −$1,776
• − Management: −$1,776
• − Depreciation: −$2,676
• Taxable income: $8,353
• Est. tax owed @ 24.0%: −$2,005
• After-tax cash flow: $7,278/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): 22,667
• Household income: $52,132
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 623.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Black 48% White 43% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Iranian 1% Italian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▼ -88.64%
• Current HPI: 158.3601
• Rent YoY: ▲ 3.36%
• 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

-29.2% since first listed

5 events — show timeline

• 2026-05-11 Relisted — CARMLS
• 2026-01-31 Contingent — CARMLS
• 2025-11-15 Price Changed $92,000 CARMLS
• 2025-07-31 Price Changed $110,000 CARMLS
• 2025-06-10 Listed $130,000 CARMLS

Property tax history

+9.1%/yr

Latest (2025): $2,008 · +28.6% YoY. Source: county tax records.