Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$398,000

For Sale - Active
125 N 22nd Pl Unit 5, Mesa, AZ 85213
3 Beds
2 Baths
1,218 Square Feet
0.08 Acres Lot
Built in 2000
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 22, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$810
Cap Rate
3.2%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.3%

Property Description


0.08 Acres Lot
Built in 2000
For Sale - Active
Units n/a

Perfect starter home, 2nd home, or investment! Just underwent an extensive modern remodel blending style, comfort, and convenience. From top to bottom, this residence has been transformed with high-end finishes and smart upgrades that make it truly move-in ready. Step inside to discover a fresh interior featuring brand-new hybrid resilient flooring and professionally painted walls, creating a bright and welcoming atmosphere. The fully renovated kitchen showcases stunning quartz countertops, refinished cabinets, and a suite of all-new stainless steel appliances (2024) — perfect for both daily living and entertaining. Both bathrooms have been completely updated with elegant new tile work, modern vanities, sleek bathtubs, and new toilets, offering a spa-like feel. Additional recent upgrades include: -New gas water heater (2023) for reliable energy efficiency -Lifemaster garage door system (2023) with Battery Backup, integrated security camera, ultra-bright corner-to-corner LED lighting, and built-in WiFi for smart home convenience -Reme Halo LED air purification system (2022) for healthier indoor air quality -Wood shutters throughout the home, adding timeless charm and energy efficiency

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Cottage Groves
  • HOA Fee: $233/quarterly

Land Information

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

Lot Information

  • Parcel ID: 14077005
  • Lot Size: 3399 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2000

Tax Information

  • Annual Tax: $1,087

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Teddy Shonka
HomeSmart
(480) 390-9759

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6882215
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$810
Cap Rate
3.2%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.3%

Purchase Details

Find an Agent

Purchase price:
$398,000
Amount financed:
-$318,400
Down payment:
$79,600
Closing costs:
$11,940
Rehab costs:
$0
Initial cash invested:
$91,540
Square feet:
1,218
Cost per square foot:
$327
Monthly rent per square foot:
$1.48

Financing Details

Find a Lender

Loan amount:
$318,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,883
Property tax:
$91
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,100

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$91-$1,087
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (4%)
4%-$78-$936
Total operating expenses: (34%)
34%-$619-$7,423

Cash Flow


Monthly Yearly
Net operating income:
$1,073 $12,876
Mortgage payments:
-$1,883 -$22,596
Cash flow:
$810 $9,720