$45,900
10d
$605/mo
Estimated monthly Section 8 cashflow
2406 N Gathings Dr, West Memphis, AR 72301
West Memphis, AR 72301
3 bd · 2 ba · 1,076 sqft · Built 1961
Est. rent $1,390/mo · ZIP-level SAFMR
2406 N Gathings Dr, West Memphis, AR 72301
West Memphis, AR 72301
$605/mo
3 bd · 2 ba · 1,076 sqft · Built 1961
Est. rent $1,390/mo · ZIP-level SAFMR
Fair Market Rent
3-bedroom · this ZIP
2024—
2025$1,540
2026$1,390
Housing authority (multiple)
- AR024West Memphis Housing Authority390 S Walker Ave, West Memphis, AR, 72301Phone8707353520Vouchers528 vouchers
- AR264Earle Housing Authority390 S Walker Ave, West Memphis, AR, 72301Phone8707353520Vouchers60 vouchers
- AR064Housing Authority of the City of EarleEarle, AR, 72331Phone8707928733Vouchers68 vouchers
Area statistics
ACS 2022Median income
$41k
Median home value
$109k
Population
24k
Homeownership
44.6%
Avg DOM
10
Market rent
—
Estimated monthly cashflow
$605
Cap rate21.9%Cash-on-cash56.4%DSCR3.59
Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.
5-year projection
FRED-drivenTotal cashflow
$44,929
Appreciation
$7,311
Total return
406%
Annualized IRR
38.3%
| Yr | Rent | NOI | Cashflow | Value |
|---|---|---|---|---|
| 1 | $17,387 | $10,600 | $7,796 | $47,277 |
| 2 | $18,124 | $11,167 | $8,363 | $48,695 |
| 3 | $18,893 | $11,762 | $8,958 | $50,156 |
| 4 | $19,694 | $12,384 | $9,580 | $51,661 |
| 5 | $20,528 | $13,036 | $10,232 | $53,211 |
Rent growth 4.2% · Trailing 36-month CAGR of CPI rent of primary residence (capped to 1.5–7.0%).
Appreciation 3.0% · Fallback — HPI series not yet ingested.
Mortgage rate 6.51% · Latest Freddie Mac PMMS 30-year fixed (FRED MORTGAGE30US).
Year 5 value $53,211. Excludes principal paydown and resale costs. Estimates only.
Location
Safety
FBI 2025Safety index
5.6/ 10
Violent / 100k
542
Property / 100k
1,691
Description
$605/mo
$45,900