Need a REALTOR® for your
Fort Smith investment property?
OutofTownLandLord connects you with the Fort Smith area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Arkansas market below.
Dave Adams, REALTOR®
Fort Smith Investment Specialist
Counties: Crawford, Sebastian, Franklin, Scott, and Logan
Cities and Towns: Fort Smith, Greenwood, Van Buren, Alma, Barling, and Lavaca
Licensed Since: 2010
Company: Weichert Realtors - The Griffin Company
About Dave Adams
I purchased my first investment house in 2004. I sold off the lower income producing houses I had purchased because of the difficulty collecting lower rent rates from my tenants. My investment focus has changed to buying investment properties with a higher rent payment. This allows me to focused on rents from $750-$1200. I welcome the opportunity to help you to achieve your own investments here in Fort Smith or the surrounding area. My current rental portfolio is at 22 rental properties.
Fort Smith is growing! Our area is booming with a solid growth plan. Chafee Crossing is giving away free land to corporations who employ 400 employees with an hourly wage range from $18-$22 per hour.
We also have a Army Corps of Engineers working on a new port for the United States right here in Fort Smith. This will be the largest port ever constructed in the United States at 5000 acres. To put that into perspective, the Los Angeles/Long Beach port has a 2000 acre port and they are landlocked from future growth.
We also have an infrastructure to keep these businesses coming to the Fort Smith area. We have I-49 and I-40 Interstate system to help make freight movement easier. In addition, this area has a large railroad yard coming to Chaffee Crossing. This facility will allow for unloading of all freight coming in from overseas routed for distribution nationwide. The Walmart organization was a driving force for this development.
This combined commercial activity will surely help drive property values higher! Appreciation is going to be a great factor for this area and for owning investment real estate. The average price for Sebastian county has gone up by 5% over the last year and this is a great sign for our local housing economy and it’s future growth.
I currently have 21 houses and two other passive income businesses. I am Executive Broker for Weichert Realtors - The Griffin Company. I have been contracting and purchasing property since 2004. I am your go to investment property pro to help you find investment property in the greater fort Smith area.
About the Fort Smith Market
In a word - stability! We are part of a tremendous area. Appreciate rates are consistently at 2% to 3% appreciation. Job growth is coming to the area for at least the next 10 years. I addition, Fort Smith is home to satellite campuses for the University of Arkansas. This is another driving force that stimulates the local economy as well as our local real estate market.
INVESTMENT PRICE POINTS IN THE FORT SMITH MARKET
Most rental homes in this area range in price from $30,000 to $100,000. Typical rental rates for a three bedroom, one bath home (that has been remodeled) traditionally rents for $750-$800/per month. Two bedroom, one bath homes rent for $600 to $650 per month. Four bedroom, two bath homes that are small in size rent for $1000 a month and a medium sized home rents for $1200 per month.
Our goal is to hit a gross profit amount of $300 to $350/month on each 2 bedroom, one bath home, and each three bedroom, one bath home.
Free Report: Demographic and Housing Data on the Fort Smith Market
Would you like free demographic and housing data on the Arkansas market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Arkansas market is right for you! Click here to get your free report.