Little Rock, AR
Little Rock, AR 72205
Buy & Hold
This is a duplex within walking distance of the University Medical School. We picked it up for $87,000 and spent $60,000 on renovations. We partnered with a private lender who gave us the $150,000 in exchange for 10% interest only payments for 1 year.
The combined rental income is $1,700/mo. Debt service and expenses are $1,295. Cash Flow is $405/mo. ($4,860/yr.).