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$95,000

For Sale - Active
15 W Waketa Dr, Cherokee Village, AR 72529
2 Beds
1 Bath
972 Square Feet
0.00 Acres Lot
Built in 1994
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Sep 04, 2025 at 11:53PM

Investment Summary


Monthly Cash Flow
$283
Cap Rate
9.3%
Cash-on-Cash Return
15.5%
Debt Coverage Ratio
1.63
Internal Rate of Return (5 years)
19.2%

Property Description


0.00 Acres Lot
Built in 1994
For Sale - Active
Units n/a

Charming Cottage Near Lake Navajo! Fall in love with this cozy 2-bedroom, 1-bath cottage just minutes from beautiful Lake Navajo! Featuring vaulted ceilings, brand-new LVP flooring throughout, this home feels bright, open, and welcoming. A NEW shingle ROOF offers peace of mind. Spend your days fishing, kayaking, and soaking up the peaceful lake life, then relax on the wood deck overlooking your private backyard. An outbuilding is included, perfect for extra storage or lake gear. Whether you're looking for a weekend getaway or a full-time retreat, this charming property offers affordable lake life living close to golf courses, pools, and all the amenities Cherokee Village has to offer. Your getaway or forever home awaits! *agent is the spouse of the owner*

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Other
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 27400688000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Bungalow/Cottage
  • Year Built: 1994

Tax Information

  • Annual Tax: $315

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Sharp

Listing Details


Listed by:
Megan Ramsey
Venture Realty Group - Batesville
(870) 613-2244

Source:
Cooperative Arkansas REALTORS MLS
MLS#: 25016450
Cooperative Arkansas REALTORS MLS

Investment Summary


Monthly Cash Flow
$283
Cap Rate
9.3%
Cash-on-Cash Return
15.5%
Debt Coverage Ratio
1.63
Internal Rate of Return (5 years)
19.2%

Purchase Details

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Purchase price:
$95,000
Amount financed:
-$76,000
Down payment:
$19,000
Closing costs:
$2,850
Rehab costs:
$0
Initial cash invested:
$21,850
Square feet:
972
Cost per square foot:
$98
Monthly rent per square foot:
$1.13

Financing Details

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Loan amount:
$76,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$450
Property tax:
$26
Insurance:
$77
Private mortgage insurance (PMI):
$0
Monthly payment:
$553

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (2%)
2%-$26-$315
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (27%)
27%-$301-$3,615

Cash Flow


Monthly Yearly
Net operating income:
$733 $8,796
Mortgage payments:
-$450 -$5,400
Cash flow:
$283 $3,396