beverly property case study
PDF · 21 May 2025
Case study of the Beverly Property (10-unit mobile-home park) in Mesa, AZ. Acquired March 31, 2021 for $529,000 with ~$185,150 equity and a $343,850 loan; held 14 months. Operator raised rents and controlled expenses with minimal rehab, generating $68,712 total income and $32,282 NOI (17.44% cash-on-cash). Sold May 13, 2022 for $750,000 delivering Total ROI 136.8%, Annualized ROI 117.3%, and IRR 18.3%. The document is presented as an example of quick, low-touch value-add in a stable submarket.
Questions this document answers
March 31, 2021
$529,000
$343,850
~$185,150
14 months