Residential Income
For Sale
$159,900
6 Destino Way, Hot Springs Village, AR 71909
CONDOS - Hot Springs Village, AR
Property Size1,671 SF
Price / SF$95.69
Days on Market19
Property Features for 6 Destino Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Basement
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Kit Counter- Granite Slab
Appliances
Free-Standing Stove, Microwave, Dishwasher, Refrigerator-Stays
Subdivision
VALENCIA COURTS
Lot features
Level
Directions
From West gate) Desoto east to Valencia way right on Valencia Way to Perralena Way Left on Perralena way to Destino Way left on Destino Way to home.
Standard status
Active
Size
1,671 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Block 4 Lot 5
Tax Annual Amount
527
HOA Fee
$116 Monthly
Legal Description
Block 4 Lot 5
Building Details
Year built
1974
Floors in Building
2
Flooring type
Laminate, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
Big Red Realty
(501) 623-7905
Listed By:
Harry Ericson
(847) 858-2299
Added: Aug 6
Changed: Aug 13
Last Checked: Aug 24 at 4:06AM
MLS# 26032050
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,671-square-foot residential income property is presented as a townhouse with three bedrooms, two bathrooms, a basement, and a dedicated laundry room. The interior includes a remodeled kitchen and bathrooms, granite countertops, laminate and tile flooring, and crown molding in the dining and living areas. A free-standing stove, microwave, dishwasher, and refrigerator remain with the property, while the washer and dryer stay as well.
Built in 1974, the home has a shingle roof reported at 8 years old and an HVAC system about 12 years old. The property is near the West Gate in Hot Springs Village and is currently occupied. The address is 6 Destino Way, Hot Springs Village, AR 71909.
Built in 1974, the home has a shingle roof reported at 8 years old and an HVAC system about 12 years old. The property is near the West Gate in Hot Springs Village and is currently occupied. The address is 6 Destino Way, Hot Springs Village, AR 71909.
Key Highlights
- 1,671‑square‑foot townhouse with 3 bedrooms, 2 bathrooms, and a basement
- Remodeled kitchen and bathrooms with granite countertops
- Crown molding in the dining area and living room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,240
$206.2K
Cap Rate 7%
$147,314
$147.3K
Cap Rate 9%
$114,578
$114.6K
Market Conditions
NOI Build-Up for 1,671 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.1K $12.00/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$18.7K $11.22/SF
− OpEx
−$8.4K −$5.05/SF
NOI
$10.3K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,240
Cap Rate 7%
$147,314
Cap Rate 9%
$114,578
Alternative Uses
Best Use
Apartment 5plus
$147.3K
$128.9K – $171.9K
NOI $10,312 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.6K
$267.4K – $356.5K
NOI $21,391 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Updated kitchen and bathrooms complement a townhouse with granite surfaces, included appliances, and in-unit laundry connections.
Where is this single family property located?
The property is located at 6 Destino Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 1,671‑square‑foot townhouse with 3 bedrooms, 2 bathrooms, and a basement; Remodeled kitchen and bathrooms with granite countertops; Crown molding in the dining area and living room
