The Briarwood

Single Family

1640

Sqft

2023

Details
Financials
Performance

$209,925

Purchase Price

$1,545

Rent / Mo

Refinance Candidate

Property Leverage

27 Erwin Drive, Austin, AR 72007

About

The Briarwood is a four-bedroom, two-bathroom home located in Austin, Arkansas. Newly built construction finished in 2023, the home features an open floor plan with living in mind. The open kitchen and dining room feature amenities like a breakfast bar and a full suite of appliances. The home also features upgrades like walk-in closets, a two-car garage, and a laundry room.

Tenant Leasing Process

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Rented

Rental Status

This property is eligible to start receiving dividends after its first lease is signed.

The Market

Little Rock, AR

Little Rock is Arkansas's capital and largest city. It has a population of just over 200,000 and serves as the state's economic, cultural, and political hub. The economy of Little Rock is diverse and driven by various industries, including healthcare, government, education, transportation, and manufacturing. It's home to several major employers, including the University of Arkansas for Medical Sciences, the Arkansas Children's Hospital, and the Little Rock Air Force Base. Little Rock is known for its vibrant cultural scene, with countless museums, galleries, and performing arts venues, including the Arkansas Arts Center, the Clinton Presidential Library, and the Robinson Center. The city's location in central Arkansas makes it a major transportation hub, highlighted by the Port of Little Rock, the Bill and Hillary Clinton National Airport, and access to Interstate 30 and 40. Overall, Little Rock offers a unique combination of economic, cultural, and transportation advantages, making it an attractive market for businesses, families, and investors.

Common Questions

How Arrived works

What returns can I expect

What to expect if my property is still seeking a tenant

Diversification

Investing horizon & liquidity

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