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
Floor Plan
Copied
Floor Plan
Photo
Unbranded Virtual Tour
Photo
See all photos

$455,000

For Sale - Active
1829 E Decatur St, Mesa, AZ 85203
3 Beds
2 Baths
1,903 Square Feet
0.20 Acres Lot
Built in 1976
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jul 17, 2025 at 08:11AM

Investment Summary


Monthly Cash Flow
-$478
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.3%

Property Description


0.20 Acres Lot
Built in 1976
For Sale - Active
Units n/a

CHARMING 1903 SqFt Ranch, 3 Bedroom 2 Bath w/Sparkling POOL on a DESIRABLE CORNOR LOT!! Cul de sac living at its best w/Welcoming Curb Appeal & 2-car side garage. The Open Kitchen/Family plan offers neutral tile and carpet flooring, abundant natural light, a cozy fireplace & fresh paint with vibrant accent walls. The bright Kitchen displays a Tray Ceiling, Pendant Lighting, White Cabinets, Tiled Backsplash & Counters with Breakfast Bar. The Main Bedroom affords a Walkin Closet, Sliding Barndoor, Double Sinks and Shower/Tub combo, White Cabinets and Black Fixtures. Host fun gatherings in the Spacious Backyard and refresh in the Sparkling Pool or under the Covered Patio. You'll appreciate the Shelved Storage Room and Cabinet Storage in the Garage. See it today!!

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: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, RV Gate, Separate Strge Area, RV Access/Parking
  • Details: RV Access/Parking, 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: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Composition
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 13701063
  • Lot Size: 8583 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 1976

Tax Information

  • Annual Tax: $1,424

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Scott Willis
Ensign Properties Corp
(602) 481-5182

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6858492
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$478
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.3%

Purchase Details

Find an Agent

Purchase price:
$455,000
Amount financed:
-$364,000
Down payment:
$91,000
Closing costs:
$13,650
Rehab costs:
$0
Initial cash invested:
$104,650
Square feet:
1,903
Cost per square foot:
$239
Monthly rent per square foot:
$1.37

Financing Details

Find a Lender

Loan amount:
$364,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,153
Property tax:
$119
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,454

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$119-$1,424
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$769-$9,224

Cash Flow


Monthly Yearly
Net operating income:
$1,675 $20,100
Mortgage payments:
-$2,153 -$25,836
Cash flow:
$478 $5,736