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2408 N Petersburg Drive 
Florence, AZ
85132
3 Beds 2 Baths 1,800 sqft
Built 2016
INVESTimate
$278,000
List Price
$79,420
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $154.44
- 3 Days on Market
- MLS # : 6121880
- Updated Date : 08/25/2020 at 17:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,800 sqft
- Baths : 2 full
Listing Agent
New West Realty
Listing Agent's Description
Incredible 3 bed/2 bath Florence home available in prestigious Merrill Ranch. Excellent community with superb amenities including a pool, splash pad, playground, golf, clubhouse, workout facility and much more. Impressive interior boasts a spacious great room floor plan and tasteful finishes throughout. High ceilings, plantation shutters, custom paint tones and beautiful tile flooring in all of the right places. Inviting living area is enhanced with a built in entertainment center. Designed for entertaining the open kitchen boasts granite countertops, ss appliances, and an island with breakfast bar. Master retreat includes a walk in closet and a full en-suite with dual sinks and a separate soaking tub and shower. Low maintenance backyard is complete with a covered patio. See it today.
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PRICE & RENT TRENDS
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$1,026 |
| Property Tax | -$150 | |
| Property Insurance | -$62 | |
| HOA | -$134 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$121
|
||
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.
$278,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.81% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,420
LOAN DETAILS
$1,026
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,500 |
| Loan Amount | $208,500 |
3.42
YEARS SAVED
$9,275
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,458
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
2408 N Petersburg Drive Florence, 3
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,350
- $0.75
-
8011 W Georgetown Way Florence, 1
- 4 beds 3 baths ∙ 1,693 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,693 Sqft ∙ Built 2008
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,295
- $0.76
-
7576 W Millerton Way Florence, 2
- 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,350
- $0.76
-
2300 N Brigadier Drive Florence, 4
- 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008
LEASED 11/07/19- Rent
- Rent Per SQFT
- $1,450
- $0.82
-
2313 N Pecos Drive Florence, 5
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,450
- $0.90
PROPERTY LISTING DETAILS
New West Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121880
Last Updated: 08/25/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
