Panel vintageSeptember 1, 2026Demonstration data — not live MLS
Parcel
Contact the desk

911 W University Dr

West Mesa · Mesa, AZ 85201 · Fourplex · 4 doors

Active61 days on marketID P-034
Price
$552,000
Est. rent / mo
$5,320
Est. cap rate
7.33%
Est. cash-on-cash
5.42%
Est. DSCR
1.26
Rent / price
0.964%
$ / sq ft
$182
Est. cash flow / mo
$685

At the baseline set: 25% down, 6.75%, 30-year amortisation. Estimates.

911 W University Dr — two-storey walk-up elevation with an exterior stair
911 W University Dr — renovated kitchen with quartz counters and vinyl plank flooring
911 W University Dr — vacant living area with vinyl plank flooring and a slider to the patio
911 W University Dr — renovated bathroom with a tiled tub surround
911 W University Dr — exterior condenser units on a gravel pad

Representative stock photography of Phoenix-metro residential product. These images do not depict this address.

The read

One of four doors is vacant at list — the in-place figure below reflects three occupied units, while the underwriting model runs the stabilised case. Both are shown.

  • Four 2/1 units
  • One unit vacant at list
  • Owner-paid water
  • Coin laundry

Facts

Physical
Property typeFourplex
Units4
Bedrooms / bathrooms4 / 4
Living area3,040 sq ft
Lot10,890 sq ft
Year built1969 (57 yrs)
Stories1
ParkingOpen, 6 spaces
Coordinates33.4234, -111.8539
Carry — estimated
Property tax / yr$2,870
Insurance / yr$2,790
HOA / moNone
Other fixed / yr$1,900
Total est. operating / yr$19,562
HVAC installed2015
Roof installed2016
Water providerCity of Mesa
FEMA flood zoneZone X

Underwrite it

Every figure below recomputes as you move an input. Nothing is rounded until it is printed, and operating expenses never include debt service — that separation is what makes the cap rate a property of the building and the cash-on-cash a property of your deal. All outputs are estimates.

Purchase & financing
Income
Operating expenses

Monthly cash flow

+$685

after debt service, before tax

Cap rate

7.33%

NOI ÷ purchase price

Cash-on-cash

5.42%

cash flow ÷ cash invested

DSCR

1.26

NOI ÷ annual debt service

Where the gross rent goes

  • Vacancy$3,830
  • Operating$19,562
  • Debt service$32,222
  • Cash flow$8,225
Annual income statement — estimated
Gross scheduled income$63,840
Less vacancy & credit loss−$3,830
Effective gross income$60,010
Less fixed operating−$7,560
Less variable operating−$12,002
Net operating income$40,448
Less annual debt service−$32,222
Pre-tax cash flow$8,225
Loan amount$414,000
Monthly principal & interest$2,685
Cash invested$151,800
Operating expense ratio32.6%
Break-even occupancy81.1%
Gross rent multiplier8.6
Rent-to-price ratio0.964%

Estimated figures produced by a model from the assumptions on the left. Not an offer, an appraisal, a loan quote or investment advice. Taxes, insurance and operating expenses are estimates; verify each before you commit capital.

Price history

List-price history

Plotted on a true time axis — the horizontal distance between two points is how long that price actually stood. The asking price has not moved since listing.

$500,000$550,000$600,000Jul 26Aug 26Sep 26

List-price events
DateEventPriceChange
June 22, 2026Listed$552,000—

Estimated value, indexed to the submarket

The current price carried backwards on the West Mesa median-price index. An index adjustment, not an appraisal and not a record of transactions.

Comparables

Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 10.4% below the median of its five closest comparables.

Monthly rent per unit

Drawn from the panel itself, ranked by product family, unit size, bedroom count and straight-line distance.

Table
Monthly rent per unit — full data. Drawn from the panel itself, ranked by product family, unit size, bedroom count and straight-line distance.
ComparableDetailRent / unit / mo
911 W University Dr (subject)subject · 4/4 · 760 sq ft/unit$1,330
2044 S Sycamore0.5 mi · 2/2 · 860 sq ft/unit$1,490
2201 N 7th St13.2 mi · 6/6 · 697 sq ft/unit$1,400
3122 W Christy Dr16.7 mi · 4/4 · 820 sq ft/unit$1,485
4102 N 27th Dr17.1 mi · 4/4 · 610 sq ft/unit$1,205
1930 W Highland Ave16.9 mi · 2/2 · 880 sq ft/unit$1,540
Sale comparables — nearest 4 assets of the same type
AddressSubmarketDistancePriceSq ft$ / sq ft
911 W University Dr SubjectWest Mesa—$552,0003,040$182
3122 W Christy DrAlhambra16.7 mi$674,0003,280$205
4102 N 27th DrAlhambra17.1 mi$512,0002,440$210
7220 N 56th AveGlendale Central20.4 mi$706,0003,520$201
7712 W Cactus RdPeoria South25 mi$612,0003,120$196

Sensitivity

What a five-percent move in price or fifty basis points on the rate does to the return. Computed at the baseline assumption set, not at whatever you have set the calculator to — it is a fixed reference.

Sensitivity — cash-on-cash by price and rate

Every other assumption held at the baseline set. A fixed reference, not tied to the calculator above. Estimates.

Cash-on-cash return by purchase price and interest rate
Price \ Rate5.75%6.25%6.75%7.25%7.75%
$508,000−8%9.9%8.8%7.7%6.6%5.5%
$530,000−4%8.7%7.6%6.5%5.4%4.3%
$552,000ask7.5%6.5%5.4%4.3%3.2%
$574,000+4%6.5%5.5%4.4%3.3%2.2%
$596,000+8%5.6%4.5%3.5%2.4%1.2%

Cash-on-cash1.2% → 9.9%

What to check before you commit

  • HVAC

    Condenser installed 2015, 11 years old. Inside normal service life for this climate, so the CapEx reserve carries it rather than a year-one line item.

  • Roof

    Roof dates to 2016, 10 years old — inside the window most carriers will write without a surcharge.

  • Flood

    FEMA Zone X. Outside the mapped special flood hazard area; a lender will not require separate flood coverage.

  • Water allocation

    Served by City of Mesa. Long-run Colorado River and Central Arizona Project allocation is a genuine risk to price on the metro’s growth edges over a 10-to-20 year hold. It is a discount-rate question, not a next-quarter question.

  • No HOA

    No association. Nothing constrains rental use at the community level, and there is no fixed monthly charge in the expense line.