118 Illinois Bayou Dr

Sherwood, AR

New this weekHUD Homes (REO)Structure

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Location & enrichment

Property type: Structure
Flood zone: X
Lot size: —
Nearest metro: 125.9 mi
Nearest airport: 5.8 mi
Assessed value (county): —
Area median home value: $200,200
Area pop. trend (5yr): -3.9%
Area median rent: $1,532/mo
Owner-occupied: 78.8%
Rental vacancy: 7.5%

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked July 22, 2026.

How to buy from the HUD Homes (REO)

The HUD Homes (REO) is a public agency that resells government-owned property. Start from the source listing, confirm the parcel is still available, and follow the land bank's published application or offer process.

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Quick deal check

Purchase priceRenovation budgetAfter-repair value

All-in $303,000 = 151% of ARV

Over budget for a flip

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.

Buildability report

Buildability: no flags found · 3 of 5 checks run

See which checks flagged — flood, wetlands, slope, road access, and environmental proximity, with sources and dates. Unlock the full report with Pro

What's it worth?

1 value signal available

See nearby land-bank sales, $/acre market bands, and rent yield for this parcel. Unlock the full value report with Pro