Lakefront End-Unit Short-Term Rental
For Sale
$285,000
9 Torre del Mar Way, Hot Springs Village, AR 71909
TOWNHOME - Hot Springs Village, AR
Property Size1,656 SF
Lot Size0.03 Acres
Price / SF$172.10
Days on Market172
Property Features for 9 Torre del Mar Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Appliances
Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Madrid Courts
Lot features
Lake Front, Waterfront
Elementary school
Jessieville
Middle school
Jessieville
High school
Jessieville
Directions
From west gate take DeSoto Blvd to left on Calella Rd, right on Santa Maria Rd, right on the 2nd Madrid Way, left on Torre Del Mar Way. Townhome is on the right.
Standard status
Active
Size
1,656 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
Lot 5 Block 1 Madrid Courts #1
Tax Annual Amount
1902
HOA Fee
$115 Monthly
Legal Description
Lot 5 Block 1 Madrid Courts #1
Utilities
Water front
1
Amenities
waterfront views
private back deck
lower patio
boat/swim dock
updated kitchen
granite countertops
new appliances
new LVP flooring
new carpet
oversized laundry/storage/owner's room
Building Details
Year built
1977
Flooring type
Carpet, Tile, Vinyl
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Hot Springs Village Real Estate
(501) 922-5252
Listed By:
Martha Murphy
(501) 204-1847
Added: Mar 5
Changed: Aug 3
Last Checked: Aug 24 at 1:06AM
MLS# 26008422
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.
Wake up to waterfront views of Lake DeSoto in this fully furnished, end-unit short-term rental townhome. The home offers three bedrooms and a layout designed for guests, with the primary bedroom on the main level and deck access, plus a full bath. The lower level includes two additional bedrooms and a full bath.
Enjoy evenings on the private back deck or lower patio, then walk down to your own boat/swim dock for direct lake access. The sale includes two kayaks with all the gear.
Recent interior updates include an updated kitchen with granite countertops and new appliances, along with new LVP flooring and carpet. Appliances include a microwave, electric range, dishwasher, and disposal. Additional space is provided by an oversized laundry/storage/owner’s room. Built in 1977, the property also features a composition/shingle roof and has been set up with extra linens, dishes, silverware, cookware, and other vacation rental essentials for income from day one.
Enjoy evenings on the private back deck or lower patio, then walk down to your own boat/swim dock for direct lake access. The sale includes two kayaks with all the gear.
Recent interior updates include an updated kitchen with granite countertops and new appliances, along with new LVP flooring and carpet. Appliances include a microwave, electric range, dishwasher, and disposal. Additional space is provided by an oversized laundry/storage/owner’s room. Built in 1977, the property also features a composition/shingle roof and has been set up with extra linens, dishes, silverware, cookware, and other vacation rental essentials for income from day one.
Key Highlights
- Waterfront views of Lake DeSoto from a fully furnished end‑unit townhome
- Private back deck and lower patio plus walk‑down access to a boat/swim dock
- Sale includes two kayaks with all the gear
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
$10,219
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
3.59%
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%
$204,380
$204.4K
Cap Rate 7%
$145,986
$146.0K
Cap Rate 9%
$113,544
$113.5K
Market Conditions
NOI Build-Up for 1,656 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
$19.9K $12.00/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$18.6K $11.22/SF
− OpEx
−$8.4K −$5.05/SF
NOI
$10.2K $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%
$204,380
Cap Rate 7%
$145,986
Cap Rate 9%
$113,544
Alternative Uses
Best Use
Apartment 5plus
$146.0K
$127.7K – $170.3K
NOI $10,219 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.8K
$265.0K – $353.3K
NOI $21,199 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished, updated three-bedroom end-unit townhome with waterfront views, private deck/patio, and access to a boat/swim dock.
Where is this short term rental property located?
The property is located at 9 Torre del Mar Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Waterfront views of Lake DeSoto from a fully furnished end‑unit townhome; Private back deck and lower patio plus walk‑down access to a boat/swim dock; Sale includes two kayaks with all the gear
