111 S Sirrine Rd, Mesa, AZ 85210
Market Snapshot
Over the last 12 months, downtown Mesa (within 0.75 miles) has seen 27 closed sales, 8 active listings, and 2 pending sales. Buyers have options, but well-priced, updated homes still move.
Key Insight: Remodeled Home Premium
25–50% premium per square foot for remodeled homes
Your home was fully remodeled before your 2018 purchase — hardwood floors, granite counters, updated kitchen and bath. In this market, that turnkey condition is the single biggest pricing factor.
Your Home in the Market
At 3 bedrooms, 2 baths, and ~1,563 sqft, your home fits squarely in the most active comp range for downtown Mesa. What sets it apart: the 1900 build date, a full remodel, and a walkable location near downtown.
- ✓ Fully remodeled — turnkey condition
- ✓ Historic character (built 1900)
- ✓ Walkable to downtown Mesa & light rail
- ✓ No HOA — no monthly fees or restrictions
- ✓ Strong schools (Franklin East / Mesa Jr / Mesa High)
- ✓ Single-story — commands premium
- ✗ Smaller lot (~4,950 sqft vs area avg ~7,500)
- ✗ No private pool
- ✗ No garage (2 slab parking spaces)
- ✗ Older infrastructure concerns for some buyers
Equity & Wealth Snapshot
What Your Equity Could Unlock
Move Up
Fund a down payment on a larger home
Invest
HELOC or refi to fund a rental property
Safety Net
HELOC for renovations or emergencies
Stay & Build
Pay down mortgage, let time work for you
Smart Homeowner Insights
Pricing Accuracy Is Everything
56% of closed sales required at least one price cut. Homes priced right from day one sell in under 30 days.
Days on Market Are Long
Average DOM is 82 days. But updated, well-priced homes sold in 17–21 days. Condition is the differentiator.
Your Remodel Is Your Advantage
Remodeled homes sell for $275–$306/sqft vs. $202–$246 for dated homes. Your updates put you in the premium tier.
Highest-ROI Improvements
Top sellers share: updated HVAC, modern fixtures, fresh exterior paint, and functional outdoor space.
Risk & Timing: 1–3 Year Outlook
Interest Rates
Fed’s 2026 path = biggest demand driver
Downtown Revival
Light rail, dining, arts district driving demand
Seasonality
Jan–May peak selling window
New Builds Nearby
Infill development adds competition but signals growth
Rental Income Analysis
Based on active Zillow and Redfin rental listings within 85210 (February 2026).
| Address | Rent/Mo | Bd/Ba | Sq Ft | $/SF | Source |
|---|---|---|---|---|---|
| 39 E Hampton Ave | $1,850 | 3/2 | 1,100 | $1.68 | Zillow |
| 153 E Hoover Ave | $1,895 | 3/2 | 1,260 | $1.50 | Redfin |
| 808 S Macdonald | $1,995 | 3/2 | 1,150 | $1.73 | Zillow |
| 508 W Pampa Ave | $2,400 | 3/2 | 1,189 | $2.02 | Zillow |
| 973 S Coleman | $2,595 | 4/2 | 1,680 | $1.55 | Zillow |
| 29 E Hoover Ave | $2,900 | 3/2 | 1,180 | $2.46 | Zillow |
Estimated Monthly Cash Flow
| Cash Flow Item | Estimate |
|---|---|
| Gross Monthly Rent (midpoint) | $2,050 |
| Est. Mortgage Payment (PITI) | –$1,400 – $1,500 |
| Property Management (8–10%) | –$164 – $205 |
| Maintenance Reserve (~1%/yr) | –$35 |
| Vacancy Reserve (~5%) | –$103 |
| Net Monthly Cash Flow | +$107 to +$348 |
Keep & Rent vs. Sell & Reinvest
- ✓ Potential positive cash flow (low PITI)
- ✓ Tax write-offs (depreciation + expenses)
- ✓ ~$700–$800/mo principal paydown
- ✓ Downtown Mesa appreciation upside
- ✗ Landlord duties; older home = higher maintenance
- ✓ Unlock $165K–$210K+ in equity now
- ✓ Redeploy into newer cashflow-positive assets
- ✓ No landlord risk or management cost
- ✗ Selling costs (~6–8%)
- ✗ Lose low-rate mortgage advantage