Furnished Short-Term Rental
For Sale
$249,900
203 Stearns Point, Hot Springs, AR 71913
The complex provides a pool, basketball courts, and pickleball courts.
Property Size1,134 SF
Price / SF$220.37
Days on Market73
Property Features for 203 Stearns Point
General Information
Standard status
Active
Size
1,134 SF
Property subtype
Condo/Townhse/Duplex/Apt
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
pool
basketball courts
pickleball courts
Building Details
Year Built
1983
Listing Agency:
Dustin White Realty
Listed By:
JC Cox
(870) 686-3650
Source:
Dustinwhiterealty
Added: Aug 18
Changed: Oct 28
Last Checked: Oct 28 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dustin White Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,134-square-foot condominium is fully furnished and was built in 1983. A short-term rental permit is in place for the unit.
The property is at 203 Stearns Point in Hot Springs, Arkansas, with access to the water. Amenities at the complex include a pool, basketball courts, and pickleball courts.
The property is at 203 Stearns Point in Hot Springs, Arkansas, with access to the water. Amenities at the complex include a pool, basketball courts, and pickleball courts.
Key Highlights
- Short‑term rental permit in place
- Fully furnished condominium
- 1,134 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,998
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,960
$140.0K
Cap Rate 7%
$99,971
$100.0K
Cap Rate 9%
$77,756
$77.8K
Market Conditions
NOI Build-Up for 1,134 SF
Gross rent
$13.6K $12.00/SF
− Vacancy
−$885 −$0.78/SF
EGI
$12.7K $11.22/SF
− OpEx
−$5.7K −$5.05/SF
NOI
$7.0K $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 Rate 5%
$139,960
Cap Rate 7%
$99,971
Cap Rate 9%
$77,756
Alternative Uses
Best Use
Apartment 5plus
$100.0K
$87.5K – $116.6K
NOI $6,998 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
111
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The complex provides a pool, basketball courts, and pickleball courts.
Where is this short term rental property located?
The property is located at 203 Stearns Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Short‑term rental permit in place; Fully furnished condominium; 1,134 square feet
