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10351 E Durant Drive Mesa, AZ 85212

3 Beds 3 Baths 2,284 sqft Built 2017

$509,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $223.25
  • 4 Days on Market
  • MLS # : 6189580
  • Updated Date : 02/04/2021 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,284 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

The perfect family home! Exceptional location, minutes from shopping and restaurants in the highly popular community of Eastmark, this beautifully appointed 2017 build awaits. Low maintenance front landscaping makes for stunning curb appeal without the hassle. Gorgeous front entry with high arch leads into the stunning ''hallway of arches'' which makes a great backdrop for a family photo gallery or fine art collection perfectly lit by the warm light of the unique wall sconces. The huge ''super living room'' with tall, arched front windows bring in all the natural light. Striking, dark ''wood look'' tile flooring leads to the main living and high traffic areas.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$458,910$560,890$509,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,771
Property Tax -$472
Property Insurance -$72
HOA -$100
Property Management Fees -$99
CASH FLOW
-$414

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$509,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,569

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,100

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,130

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,025
1$2,0252$2,0503$2,1004$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 10351 E Durant Drive Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 4614 S Euler Lane Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.89
    •  
  • 10631 E Wavelength Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2018
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 4557 S Nebula -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2020
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 10158 E Theorem Drive Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
PROPERTY LISTING DETAILS
Katie Lambert
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189580
Last Updated: 02/04/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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