Furnished Short-Term Rental
New
For Sale
$159,000
6 Fresca Ln, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,152 SF
Lot Size0.05 Acres
Price / SF$138.02
Days on Market3
Property Features for 6 Fresca Ln
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Patio and Porch features
Deck
Exterior features
Deck
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection, Freezer
Subdivision
VALENCIA COURTS
Lot features
Level, Resort Property
Elementary school
Jessieville
Middle school
Jessieville
High school
Jessieville
Directions
using main gate to Hot Springs village off hwy 7 turn right on Fresca lane condo on the right
Standard status
Active
APN
200-66450-010-000
Size
1,152 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Blk 2 Lot 10
Tax Annual Amount
559
HOA Fee
$202 Monthly
Legal Description
Blk 2 Lot 10
Amenities
lakes
swimming pools
golf
tennis
pickleball
walking and nature trails
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Old South Realty
(501) 315-4554
Listed By:
Joy Lile
(501) 317-1564
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 7:06PM
MLS# 26034118
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 1,152-square-foot condominium includes three bedrooms, two bathrooms, a deck, tile and carpet flooring, and a composition roof. Built in 1974, the property is currently used as a short-term rental and may also serve as a long-term rental or personal residence. Furnishings convey with an accepted offer, supporting a straightforward transition for the next owner.
The home is located at 6 Fresca Ln in Hot Springs Village, within Garland County. Community amenities identified for the property include lakes, swimming pools, golf, tennis, pickleball, and walking and nature trails. The 0.05-acre property also includes a built-in stove, microwave, electric range, dishwasher, disposal, refrigerator, freezer, and ice maker connection.
The home is located at 6 Fresca Ln in Hot Springs Village, within Garland County. Community amenities identified for the property include lakes, swimming pools, golf, tennis, pickleball, and walking and nature trails. The 0.05-acre property also includes a built-in stove, microwave, electric range, dishwasher, disposal, refrigerator, freezer, and ice maker connection.
Key Highlights
- 3‑bedroom, 2‑bath condominium
- 1,152 square feet on a 0.05‑acre property
- Currently utilized as a short‑term rental
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
$7,109
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
4.47%
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%
$142,180
$142.2K
Cap Rate 7%
$101,557
$101.6K
Cap Rate 9%
$78,989
$79.0K
Market Conditions
NOI Build-Up for 1,152 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
$13.8K $12.00/SF
− Vacancy
−$899 −$0.78/SF
EGI
$12.9K $11.22/SF
− OpEx
−$5.8K −$5.05/SF
NOI
$7.1K $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%
$142,180
Cap Rate 7%
$101,557
Cap Rate 9%
$78,989
Alternative Uses
Best Use
Apartment 5plus
$101.6K
$88.9K – $118.5K
NOI $7,109 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.7K
$184.3K – $245.8K
NOI $14,747 @ 7.0% cap · market cap 9.27%
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
97
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 - Three-bedroom residence includes a deck and furnishings conveyed with an accepted offer.
Where is this short term rental property located?
The property is located at 6 Fresca Ln Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condominium; 1,152 square feet on a 0.05‑acre property; Currently utilized as a short‑term rental
