The Korin

Single Family

1690

Sqft

2022

Details

Financials

Performance

$278,865

Purchase Price

$2,065

Rent / Mo

Refinance Candidate

Property Leverage

1042 E Sparrow Circle, Fayetteville, AR 72701

About

The Korin is a 4-bedroom, 2-bathroom home with an attached 2-car garage. The home features an open floor plan, luxury vinyl flooring, recessed lighting, and a modern kitchen with granite countertops, stainless steel appliances, and a large island. The primary suite features a luxurious private bath with a tiled shower stall and a large walk-in closet. Enjoy grilling, relaxing, and entertaining outdoors on the lovely concrete patio to the back.

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

Northwest Arkansas

Northwest Arkansas contains the major cities of Fayetteville, Springdale, Rogers, and Bentonville, running north-south along I-49. The region is popular for the outdoor recreation available in and around the Ozark Mountains such as hiking and mountain biking. Northwest Arkansas is also home to many marquee employers. Bentonville is the birthplace and headquarters of Walmart, one of the largest retailers in the world. The region is also home to Tyson Foods and J.B. Hunt. The University of Arkansas, with over 23,000 undergraduate students, is located in Fayetteville.

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

Don't Know Which Property to Choose?