Furnished Short-Term Rental
203 Stearns Point #F-5, Hot Springs, AR 71913
For Sale
$249,000
An updated, furnished residence includes an STR permit and access to shared recreational amenities.
Property Size1,134 SF
Price / SF$219.58
Days on Market113
Property Features for 203 Stearns Point #F-5
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Multifamily Units
Amenities
water access
pool
basketball court
pickleball court
Building Details
Year Built
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shay Ledbetter
(501) 690-6662
Source:
Blairrealtors
Added: Jul 20
Changed: Nov 9
Last Checked: Nov 9 at 6:37AM
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 McGraw Realtors - HS
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 short-term rental property was built in 1983 and is updated, furnished, and accompanied by an STR permit. The gated waterfront development provides water access, a pool, basketball court, and pickleball court.
The property is in Hot Springs, minutes from Oaklawn, downtown, and restaurants. Views are also noted as a feature of the residence.
The property is in Hot Springs, minutes from Oaklawn, downtown, and restaurants. Views are also noted as a feature of the residence.
Key Highlights
- 1,134‑square‑foot updated unit, built in 1983
- STR permit included with the furnished unit
- Gated waterfront development with water access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,998
Cap Rate
2.81%
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 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 5.83%
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
$179,200
Median Home Value
Market
Average Price Trend$/SF for Short term rental properties in Hot Springs, AR
Properties on Market for Short term rental properties in Hot Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - An updated, furnished residence includes an STR permit and access to shared recreational amenities.
Where is this short term rental property located?
The property is located at 203 Stearns Point #F-5 Hot Springs, AR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,134‑square‑foot updated unit, built in 1983; STR permit included with the furnished unit; Gated waterfront development with water access
