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35809 W Marin Avenue Maricopa, AZ 85138

5 Beds 3 Baths 3,332 sqft Built 2006

$350,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $105.04
  • 2 Days on Market
  • MLS # : 6203301
  • Updated Date : 03/06/2021 at 04:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,332 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This beautiful 5 bedroom, 3 bath home is sure to amaze you. Walk into sprawling ceilings and gorgeous vinyl plank flooring throughout the entire bottom level. The large kitchen overlooking the family room is perfect for entertaining. There is a separate living room and large guest bedroom with a full bathroom downstairs. The laundry room is spacious, leading you out to your 3 car garage with epoxy flooring. Upstairs you will find 3 additional guest bedrooms and a guest bathroom, including double sinks and tile plank flooring. The large master bedroom has a remodeled guest bathroom with a beautiful walk-in shower, double sinks, and a large walk-in closest with custom shelves and drawers. The over-sized lot has plush grass and citrus trees. Come see this gem today.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85138

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

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

Zip Code: 85138

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
Santa Cruz Elementary School Primary Regular 453 21 5
Desert Wind Middle School Middle Regular 414 20 4

Santa Cruz Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 21
5
GreatSchools Rating

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,216
Property Tax -$327
Property Insurance -$92
HOA -$91
Property Management Fees -$99
CASH FLOW
$25

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.

$350,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $2,432

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,499
$2,499
RENT COMPS ANALYSIS
  • 35809 W Marin Avenue Maricopa, AZ 1
    • 5 beds 3 baths ∙ 3,332 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,332 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.56
    •  
  • 36497 W Bilbao Street Maricopa, AZ 2
    • 6 beds 4 baths ∙ 3,421 Sqft ∙ Built 2006 6 beds 4 baths ∙ 3,421 Sqft ∙ Built 2006
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.73
    •  
PROPERTY LISTING DETAILS
Dominic Lionel Hernandez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203301
Last Updated: 03/06/2021
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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