Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Floor Plan
Copied
Floor Plan
Photo
Unbranded Virtual Tour
Photo
See all photos

$339,000

For Sale - Active
35585 W San Alvarez Ave, Maricopa, AZ 85138
4 Beds
2 Baths
1,711 Square Feet
0.15 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 17, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$581
Cap Rate
3.6%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Property Description


0.15 Acres Lot
Built in 2022
For Sale - Active
Units n/a

A Rare Find - Spacious, Stylish & Smart Living in Tortosa! Welcome to this beautifully designed single-level gem, offering the perfect blend of comfort, style, and functionality. Boasting a spacious and open split floorplan with soaring 9-foot ceilings and four generously sized bedrooms, this home is ideal for both everyday living and entertaining. The heart of the home is the stunning chef's kitchen—complete with granite countertops, a large island with undermount sink, stainless steel appliances, built-in microwave, smooth-top range, white shaker cabinets, and a walk-in pantry. There's plenty of room for all your culinary gadgets and essentials. Enjoy elegant touches throughout, including tasteful tile flooring in high-traffic areas, stylish two-panel interior doors, 2-inch faux wood blinds, recessed lighting, ceiling fans in every bedroom, and a convenient separate laundry room. The luxurious primary suite features a walk-in closet, double vanities, a private toilet room, and a step-in shower. Both bathrooms include granite counters and built-in linen storage. This smart home is loaded with upgrades: WiFi-enabled thermostat, touchscreen security system, programmable door lock, WiFi garage door opener, in-wall pest control system, Low-E windows, garage coach lights, and extended height garage. Step outside to your covered patio and enjoy the low-maintenance desert landscaping and a spacious, pool-sized backyard with automatic drip irrigation in both front and back. Privacy abounds with only single-level homes nearby, extra space between neighbors, and an 8' RV gate. Located in the desirable Tortosa community, you'll have access to top-tier amenities: frisbee golf, soccer fields, basketball and sand volleyball courts, a lake, putting green, multiple parks, a splash fountain, and cornhole.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Attached Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Other
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: CCMC
  • HOA Fee: $85/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 502563590
  • Lot Size: 6601 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2022

Tax Information

  • Annual Tax: $1,612

Utilities

  • Heating: Electric, Ceiling
  • Cooling: Central Air

Location

  • County: Pinal

Listing Details


Listed by:
John Evenson
Real Broker
(989) 233-3293

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6873723
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$581
Cap Rate
3.6%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Purchase Details

Find an Agent

Purchase price:
$339,000
Amount financed:
-$271,200
Down payment:
$67,800
Closing costs:
$10,170
Rehab costs:
$0
Initial cash invested:
$77,970
Square feet:
1,711
Cost per square foot:
$198
Monthly rent per square foot:
$1.05

Financing Details

Find a Lender

Loan amount:
$271,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,604
Property tax:
$134
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,864

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$134-$1,612
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (5%)
5%-$85-$1,020
Total operating expenses: (37%)
37%-$669-$8,032

Cash Flow


Monthly Yearly
Net operating income:
$1,023 $12,276
Mortgage payments:
-$1,604 -$19,248
Cash flow:
$581 $6,972