Corner Residential Income
New
For Sale
$119,900
149 La Vista, Hot Springs Village, AR 71909
TOWNHOME - Hot Springs Village, AR
Property Size1,028 SF
Price / SF$116.63
Days on Market6
Property Features for 149 La Vista
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Window Treatments
Exterior features
Deck
Appliances
Free-Standing Stove, Dishwasher, Disposal
Subdivision
Desoto Courts #2
Lot features
Zero Lot Line, In Subdivision
Elementary school
Jessieville
Middle school
Jessieville
High school
Jessieville
Directions
Hwy 7 main date DeSoto Blvd to [L] Emperado Wy, continue straight to [L] LaVista Lane.
Standard status
Active
Size
1,028 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 149, Desoto Courts #2
Tax Annual Amount
499
HOA Fee
$116 Monthly
Legal Description
Lot 149, Desoto Courts #2
Amenities
private deck
Building Details
Year built
1971
Floors in Building
2
Flooring type
Laminate, Carpet, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
CENTURY 21 H.S.V. Realty · Century 21 Real Estate
(501) 922-2021
Listed By:
Cheryl Bourland
(501) 922-8792
Added: Aug 13
Last Checked: Aug 18 at 3:06PM
MLS# 26033101
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 corner townhome in DeSoto Courts provides 1,028 square feet with two bedrooms, 1.5 bathrooms, and a manageable interior layout. The home includes laminate, carpet, and vinyl flooring, along with window treatments, an electric water heater, and connections for a washer and electric dryer. Kitchen appliances include a free-standing stove, dishwasher, and disposal. A private deck extends the usable living area outdoors, while recent repairs and maintenance addressed the deck and exterior areas.
The property is located at 149 La Vista in Hot Springs Village, near the community’s West Gate. Golf, lakes, walking trails, dining, and other Hot Springs Village amenities are identified as nearby area features. Built in 1971, the townhome has a composition roof and offers furnishings negotiable with an acceptable offer.
The property is located at 149 La Vista in Hot Springs Village, near the community’s West Gate. Golf, lakes, walking trails, dining, and other Hot Springs Village amenities are identified as nearby area features. Built in 1971, the townhome has a composition roof and offers furnishings negotiable with an acceptable offer.
Key Highlights
- 1,028‑square‑foot corner townhome in DeSoto Courts
- Two bedrooms and 1.5 bathrooms
- Private deck with recent attention to deck and exterior areas
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
$6,344
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
5.29%
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%
$126,880
$126.9K
Cap Rate 7%
$90,629
$90.6K
Cap Rate 9%
$70,489
$70.5K
Market Conditions
NOI Build-Up for 1,028 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
$12.3K $12.00/SF
− Vacancy
−$802 −$0.78/SF
EGI
$11.5K $11.22/SF
− OpEx
−$5.2K −$5.05/SF
NOI
$6.3K $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%
$126,880
Cap Rate 7%
$90,629
Cap Rate 9%
$70,489
Alternative Uses
Best Use
Apartment 5plus
$90.6K
$79.3K – $105.7K
NOI $6,344 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.0K
$164.5K – $219.3K
NOI $13,160 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
100
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?
Residential income property - Two-bedroom townhome with a private deck, practical floor plan, and recent exterior maintenance.
Where is this residential income property located?
The property is located at 149 La Vista Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 1,028‑square‑foot corner townhome in DeSoto Courts; Two bedrooms and 1.5 bathrooms; Private deck with recent attention to deck and exterior areas
