Furnished Short-Term Rental
For Sale
$299,900
110 Jamison Lane, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size1,520 SF
Price / SF$197.30
Days on Market50
Property Features for 110 Jamison Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Great Room, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Assigned, Carport
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar, Furnished, Elevator
Exterior features
Patio, Outside Storage Area, Inground Pool
Accessibility
Accessible Elevator Installed
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher
Subdivision
WATERS EDGE HPR
Lot features
In Subdivision, River/ Lake Area, Lake View, Lake Front, Waterfront
Directions
Follow Hwy 7 South (Central Ave South), then after second bridge, turn Left right before Jose's onto Jamison Lane. Go up elevator to B-3.
Standard status
Active
APN
200-68275-003-000
Size
1,520 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BLDG A-B UNIT 3 MIDDLE
Tax Annual Amount
2051
HOA Fee
$400 Monthly
Legal Description
BLDG A-B UNIT 3 MIDDLE
Utilities
Water front
1
Amenities
covered parking
fireplace
balcony
pool
soaking tub
separate shower
washer & dryer
gated community
private storage
boat slips
Building Details
Year built
2005
Floors in Building
1
Flooring type
Carpet, Tile
Additional Structures
Storage
Listing Agency:
White Stone Real Estate
(501) 359-3009
Listed By:
Amber White · License #AB00067273
(501) 922-7508
Added: Aug 4
Changed: Sep 15
Last Checked: Sep 22 at 12:06PM
MLS# 26031701
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 furnished condominium in Hot Springs offers 1,520 square feet with two bedrooms, two full bathrooms, and an open great-room arrangement. The kitchen includes a breakfast bar and electric appliances, while the living area features a fireplace and opens to a covered balcony overlooking Lake Hamilton and the community pool. The primary suite has direct balcony access, a soaking tub, separate shower, and walk-in closet. A dedicated laundry room, tile and carpet flooring, and private storage add functional convenience.
Built in 2005, the gated community provides elevator access, assigned covered parking, maintained grounds, an inground pool, and access to two shared boat slips for temporary stays of up to two weeks. Nightly rentals are allowed, and the residence is offered fully furnished.
Built in 2005, the gated community provides elevator access, assigned covered parking, maintained grounds, an inground pool, and access to two shared boat slips for temporary stays of up to two weeks. Nightly rentals are allowed, and the residence is offered fully furnished.
Key Highlights
- 1,520‑square‑foot furnished condominium with two bedrooms and two full bathrooms
- Covered balcony with Lake Hamilton and pool views
- Nightly rentals allowed
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
$9,380
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
3.13%
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%
$187,600
$187.6K
Cap Rate 7%
$134,000
$134.0K
Cap Rate 9%
$104,222
$104.2K
Market Conditions
NOI Build-Up for 1,520 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
$18.2K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$17.1K $11.22/SF
− OpEx
−$7.7K −$5.05/SF
NOI
$9.4K $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%
$187,600
Cap Rate 7%
$134,000
Cap Rate 9%
$104,222
Alternative Uses
Best Use
Apartment 5plus
$134.0K
$117.3K – $156.3K
NOI $9,380 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two-bedroom condominium with lake and pool views, covered parking, elevator access, and permitted nightly rentals.
Where is this short term rental property located?
The property is located at 110 Jamison Lane Hot Springs, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,520‑square‑foot furnished condominium with two bedrooms and two full bathrooms; Covered balcony with Lake Hamilton and pool views; Nightly rentals allowed
