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$460,000

For Sale - Active
11133 E Dragoon Ave, Mesa, AZ 85208
4 Beds
2 Baths
1,609 Square Feet
0.15 Acres Lot
Built in 1999
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Jul 18, 2025 at 04:34AM

Investment Summary


Monthly Cash Flow
-$764
Cap Rate
3.7%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.4%

Property Description


0.15 Acres Lot
Built in 1999
For Sale - Active
Units n/a

Welcome to this fantastic 4-bed, 2-bath home in Parkwood East! Its charm starts with a 2-car garage, RV gate, & a desert front yard. Be greeted by the large living room paired with sliding doors to the back! Natural light filled the interior, complemented by the designer paint and tile flooring for easy maintenance. The impressive eat-in kitchen boasts SS appliances, a pantry, granite counters, a subway tile backsplash, and ample cabinetry w/crown molding. Enter the main bedroom to find an ensuite with dual granite sinks, a carpeted walk-in closet, and a separate tub/shower. The spacious backyard offers a covered patio, well-laid pavers, lush lawn, and a storage shed. Enjoy the convenience of being just minutes from Loop 202 & US-60, making your daily commute quick and easy! Look no more!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, RV Gate
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

HOA

  • Association: Parkwood East

Land Information

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

Lot Information

  • Parcel ID: 22073353
  • Lot Size: 6599 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1999

Tax Information

  • Annual Tax: $1,256

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Sarah M. Olinger
Arizona Elite Properties
(480) 234-2602

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6858114
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$764
Cap Rate
3.7%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$460,000
Amount financed:
-$368,000
Down payment:
$92,000
Closing costs:
$13,800
Rehab costs:
$0
Initial cash invested:
$105,800
Square feet:
1,609
Cost per square foot:
$286
Monthly rent per square foot:
$1.37

Financing Details

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Loan amount:
$368,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,177
Property tax:
$105
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,436

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$105-$1,256
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$655-$7,856

Cash Flow


Monthly Yearly
Net operating income:
$1,413 $16,956
Mortgage payments:
-$2,177 -$26,124
Cash flow:
$764 $9,168