35969 W Marin Ave · Maricopa, AZ 85138

$275,000

4 bd · 2.0 ba · 2,348 sqft · SingleFamily public records · 1 Days on market

Built 2006 7,304 sqft lot Est $404k · 32% under $29/mo HOA · 1% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.4/30.0
• Appreciation +4.6/10.0
• DSCR +4.0/10.0
• Livability +3.6/5.0
• 1% rule +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Wow!!! Large single level home with real hardwood floors and tile through out! Kitchen has 42'' cabs, corian counter tops, large kitchen island. Plantation shutter, custom paint, custom light fixtures, ceiling fans, and more. Check out the custom tile snail shower in the master bathroom. Garage has cabinets and a sink.

Key facts

• Large kitchen island
• Corian counter tops
• 42 cabs

Tags

• HARDWOOD FLOORS
• TILE
• 42 CABS
• CORIAN COUNTER TOPS
• LARGE KITCHEN ISLAND
• PLANTATION SHUTTER

Property features AI

Finance

• Other: Lot size approximately 7,304 (source: Assessor)
• HOA & community: Has association; Quarterly association fee of $86; Association fee includes grounds maintenance

Exterior

• Parking: 2 covered parking spaces; 2 open parking spaces; 2 garage spaces
• Utilities: City water; Public sewer; Other utilities
• Home design: Single family residence; Fee simple ownership
• Construction: Stucco and wood frame construction; Tile roof
• Exterior features: Desert-front lot

Interior

• Kitchen: Built-in microwave; Dishwasher
• Bedrooms: Up to 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Has heating
• Interior features: Full bathroom in the master bedroom; Dishwasher
• Laundry & utility: Indoor laundry; Gas dryer hookup; Washer/dryer hookup only

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $6 ($71/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $221k (19.8% below list).
• Recommended offer: $221k (19.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.7% in Maricopa — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#28 in AZ) — a middle-class / working-renter tenant base. Strengths: housing A+, employment A-, crime B+; Watch: amenities F, commute F, health & safety F.
• Maricopa Unified School District (4441) (town): math 20% / reading 29% proficiency, ranked #128 of 249 in AZ (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Maricopa Elementary School (math 23% / reading 28%, grade F, #631 of 1,109 statewide, top 57%, 733 students, 65% FRL); Desert Wind Middle School (math 14% / reading 26%, grade F, #127 of 218 statewide, top 60%, 817 students, 52% FRL); Maricopa High School (math 12% / reading 19%, grade F, #262 of 381 statewide, top 69%, 2,188 students, 46% FRL).
• Market conditions: Rents rising (+1.8%/yr); 845 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 9,504 units permitted in Pinal County in 2024 (776 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.9%/yr); year-one equity from $2k of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 17y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $204k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $220,504 (19.8% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.09%
• DSCR: 1.00
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $403,856
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
36338 W Cartegna Ln	0.23mi	4/2.0	2,123 (-10%)	1mo	$400,000	$188	72
35175 W Marin Ave	0.49mi	4/3.0	2,369 (+1%)	0mo	$365,000	$154	71
36550 W Nina St	0.37mi	4/3.0	2,233 (-5%)	3mo	$317,500	$142	68
18939 N Avelino Dr	0.49mi	5/3.0 (+1)	2,537 (+8%)	3mo	$406,300	$160	52
36766 W Nina St	0.50mi	5/3.0 (+1)	2,537 (+8%)	3mo	$419,990	$166	52
35903 W Velazquez Dr	0.62mi	4/2.5	2,075 (-12%)	2mo	$359,900	$173	48
35336 W Santa Barbara Ave	0.45mi	5/3.0 (+1)	2,032 (-14%)	3mo	$350,000	$172	45
35236 W Santa Monica Ave	0.48mi	5/3.0 (+1)	2,032 (-14%)	3mo	$347,000	$171	44
19411 N Barano Dr	0.69mi	4/3.0	2,049 (-13%)	1mo	$379,990	$185	42
19491 N Barano Dr	0.71mi	4/3.0	2,049 (-13%)	0mo	$381,750	$186	41
19379 N Barano Dr	0.68mi	4/3.0	2,049 (-13%)	2mo	$375,990	$183	41
37057 W Vera Cruz Dr	0.73mi	4/3.0	2,049 (-13%)	2mo	$334,990	$163	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.89% appreciation · 1.78% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.72×
• Total profit: $-21,677
• Equity at exit: $67,867

10-year hold

• IRR: -0.8%
• Equity multiple: 0.93×
• Total profit: $-5,530
• Equity at exit: $72,539

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85138

• Home prices YoY: -0.3%
• Rents YoY: 1.8%
• Active inventory: 845
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,205 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$150 /mo · $1,805/yr
• Insurance: −$115
• HOA: −$29
• Vacancy / Maint / Mgmt: −$463
• Net cashflow: $6

Break-even live

Break-even rent $2,198

Max offer price $275,000

Occupancy floor 95%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36033 W San Clemente Ave Maricopa, AZ	4.0	2.0	1775	$1,700	$0.96	44d	1	0.16mi
36269 W Cartegna Ln Maricopa, AZ	3.0	2.5	2408	$2,900	$1.20	3d	1	0.18mi
35455 W Cartegna Ln Maricopa, AZ	4.0	2.0	1832	$2,200	$1.20	10d	1	0.31mi
18853 N Vemto St Maricopa, AZ	4.0	3.0	2233	$1,895	$0.85	24d	1	0.32mi
36043 W Santa Clara Ave Maricopa, AZ	3.0	2.0	1700	$1,895	$1.11	1d	1	0.32mi
18392 N Los Gabrieles Way Maricopa, AZ	3.0	2.0	1662	$1,785	$1.07	4d	1	0.39mi
35450 W Santa Clara Ave Maricopa, AZ	5.0	5.5	3199	$2,500	$0.78	24d	1	0.43mi
35579 W San Capistrano Ave Maricopa, AZ	3.0	2.0	1662	$1,650	$0.99	5d	1	0.45mi
35963 W San Alvarez Ave Maricopa, AZ	4.0	2.0	1922	$1,995	$1.04	24d	1	0.48mi
35396 W San Capistrano Ave Maricopa, AZ	3.0	2.0	1662	$1,650	$0.99	44d	1	0.49mi
36419 W San Ildefanso Ave Maricopa, AZ	4.0	2.0	1849	$1,795	$0.97	15d	1	0.50mi
36085 W San Sisto Ave Maricopa, AZ	4.0	2.0	1605	$2,500	$1.56	1d	1	0.54mi
18099 N Los Gabrieles Way Maricopa, AZ	4.0	2.0	1700	$2,000	$1.18	44d	1	0.59mi
18389 N Conquistador Dr Maricopa, AZ	3.0	2.0	1662	$1,650	$0.99	5d	1	0.61mi
37043 W Vera Cruz Dr Maricopa, AZ	4.0	2.0	1832	$2,300	$1.26	1d	1	0.72mi
35916 W Catalonia Dr Maricopa, AZ	3.0	2.0	2129	$2,100	$0.99	1d	1	0.79mi
36148 W Seville Dr Maricopa, AZ	4.0	3.0	1950	$2,450	$1.26	15d	1	0.85mi
37154 W Amalfi Ave Maricopa, AZ	4.0	2.5	2223	$1,695	$0.76	24d	1	0.96mi
36610 W Mediterranean Way Maricopa, AZ	5.0	3.0	1953	$2,195	$1.12	1d	1	1.05mi
17936 N Lettere Cir Maricopa, AZ	4.0	2.5	2012	$1,800	$0.89	5d	1	1.13mi
36822 W Maddaloni Ave Maricopa, AZ	4.0	2.0	1825	$1,775	$0.97	2d	1	1.16mi
37392 W Capri Ave Maricopa, AZ	3.0	2.0	1764	$1,695	$0.96	17d	1	1.19mi
37392 W Capri Ave Maricopa, AZ	3.0	2.0	1764	$1,695	$0.96	15d	1	1.19mi
37963 W Merced St Maricopa, AZ	4.0	3.0	2488	$2,285	$0.92	22d	1	1.25mi
18735 N Ravello Rd Maricopa, AZ	5.0	3.0	1997	$2,450	$1.23	44d	1	1.29mi
36990 W Nola Way Maricopa, AZ	3.0	2.0	1769	$1,639	$0.93	10d	1	1.36mi
36840 W Oliveto Ave Maricopa, AZ	4.0	3.0	2816	$2,500	$0.89	4d	1	1.36mi
38105 W Isabella Ln Maricopa, AZ	3.0	2.0	1795	$1,736	$0.97	5d	1	1.37mi
38205 W Montserrat St Maricopa, AZ	3.0	2.0	2280	$2,195	$0.96	20d	1	1.39mi
38248 W Santa Clara Ave Maricopa, AZ	3.0	2.0	1700	$2,150	$1.26	24d	1	1.43mi
38128 W San Sisto Ave Maricopa, AZ	3.0	2.0	1593	$1,995	$1.25	44d	1	1.44mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 2 events

1. 2026-06-18
   remarks 325-char remark
2. 2026-06-18
   listed $275,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $1,805 · $150/mo
• Projected year-2 tax: $1,815 · $151/mo
• Expected delta: +$10/yr (+$1/mo · 0.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥114°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,460
• − Mortgage interest: −$15,404
• − Property taxes: −$1,805
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,117
• − Management: −$2,117
• − HOA: −$348
• − Depreciation: −$8,000
• Taxable loss: −$4,705
• Est. tax savings @ 24.0%: +$1,129
• After-tax cash flow: $1,200/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Maricopa Unified School District (4441)
• NCES district ID: 0404720
• Math proficiency: 20% ▼ -18.00%
• Reading proficiency: 29% ▼ -9.00%
• Median HH income: $63,725
• Composite: 22.92/100
• National rank: #7993
• State rank: #128 of 249 in AZ

Livability — Maricopa

• Score: 72/100
• State rank: #28
• US rank: #5943

Category grades

Amenities F Commute F Cost of living B- Crime B+ Employment A- Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maricopa, AZ
• County: Pinal County · 399,947 people
• City population: 76,044
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 55,260
• Household income: $95,867
• Rent vs Own: 17.7% rent · 82.3% own
• Severe rent burden: 432.0

Population outlook (Pinal County) Hauer SSP2

• Today (2025): 437,574 people
• By 2030: 446,903 · +2.1%
• By 2040: 452,589 · +3.4%
• By 2050: 444,126 · +1.5%
• By 2075: 430,300 · -1.7%
• By 2100: 393,536 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 45% Hispanic / Latino 30% Two or more races 17% Black 13% Native American 3% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 26% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 16% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Pinal

• 2024 margin: Strong R (+22.1) · D 38.5% · R 60.6%
• 2008→2024 swing: -7.6pp toward R · 2008: -14.5pp · 2024: -22.1pp
• All cycles: 2024: R+22.1 2020: R+17.3 2016: R+19.3 2012: R+17.1 2008: R+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.89%
• Current HPI: 258.1461
• Rent YoY: ▲ 1.78%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+39.6% since first listed

30 events — show timeline

• 2026-06-18 Listed $275,000 ARMLS
• 2018-07-10 Sold (Public Records) $204,000 Public Records
• 2018-07-10 Sold (MLS) $204,000 ARMLS
• 2018-06-07 Contingent — ARMLS
• 2018-05-07 Listed $209,900 ARMLS
• 2017-05-21 Listing Removed — ARMLS
• 2017-04-12 Price Changed $199,870 ARMLS
• 2017-03-29 Price Changed $199,880 ARMLS
• 2017-03-17 Price Changed $199,890 ARMLS
• 2017-03-09 Price Changed $199,990 ARMLS
• 2017-03-02 Listed $203,900 ARMLS
• 2017-03-02 Listed $203,900 ARMLS
• 2017-03-02 Listing Removed — ARMLS
• 2017-01-14 Listing Removed — ARMLS
• 2016-10-31 Price Changed $214,000 ARMLS
• 2016-10-27 Listed $219,000 ARMLS
• 2016-05-10 Sold (Public Records) $165,000 Public Records
• 2016-05-10 Sold (MLS) $165,000 ARMLS
• 2016-04-28 Pending — ARMLS
• 2016-04-27 Sold (MLS) $165,000 ARMLS
• 2016-03-23 Contingent — ARMLS
• 2016-03-04 Price Changed $169,000 ARMLS
• 2016-01-21 Listed $179,000 ARMLS
• 2010-04-16 Sold (Public Records) $90,000 Public Records
• 2010-04-16 Sold (MLS) $90,000 ARMLS
• 2010-02-25 Listing Removed — ARMLS
• 2009-06-27 Listed $90,000 ARMLS
• 2009-05-27 Listing Removed — ARMLS
• 2009-05-14 Listed $82,000 ARMLS
• 2006-10-02 Sold (Public Records) $197,000 Public Records

Property tax history

-1.3%/yr

Latest (2025): $1,805 · +3.6% YoY. Source: county tax records.