Better zip code for turnkey investment property?

[Adriana Collado Hudak]

I'm considering purchasing a turnkey property in Little Rock and am torn between two properties. One is in the 72118 zip code and the other is in 72209. As I'm going thru my due diligence, it seems that 72118 has lower crime rates and higher property values. The property I'm considering in that area is located on Oakland Drive. The property I'm considering in 72009 is on Cactus Circle. That property seems to have better curb appeal, but given the other figures, I'm undecided as to which might be the better long-term investment. I'd love to hear any insight from those familiar with the area. Thanks!!

[Julien Teoulet]

Hi Adriana, 

72118 has lower crime rate but much lower population too. Bigger lots and I would say mainly prefab houses (you will see a lot of houses with old boats, campers, old cars and junk in their yards) I would rate C+ to B- neighborhood. I drove the main road several time and it is not appealing per say. 

72209 is a C neighborhood. Crime rates higher and lower income, no doubt. Not the worse part of town, but you will struggle to find tenant with a clean record and good credit score. 

If your numbers are equivalent, I would go with 72209. I believe it will be easier to get a pool of potential tenant but I thing having a good PM is critical on your success. 

Note that I am not a professional, just a local.

Also, I think that when looking at LR neighborhood, the street location is important, as the quality within the area code can be different from block to block or street to street. (I don't know if it is a particularity of LR or pretty normal).