STEWARD
Sober Living · Behavioral Health
For investors · What members receive
The Last Deal Sheet That Went Out
Every property that clears our underwriting goes to the Buyers List as a one-page deal sheet: photos, numbers, zoning verified, both the financing and the returns priced. This is the most recent one, and it was claimed in 48 hours.
3350 W Ruthann Rd
Some homes are just built for recovery, and this is one of them.
This Tucson, AZ deal sits on almost a full acre with 3 separate living spaces: a main house, an attached apartment, and a detached casita. This property is built for sober living today and future appreciation tomorrow.
We already have the inspection report back and a solid repair list negotiated with the seller. You’ll be leasing this property to an excellent operator with over a decade of experience in sober living.
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*For informational purposes only. Interest rate and payment subject to change.
Income & Returns · Year 1 (monthly)
Down payment
Rate: 6.75%
Term
Loan payment / mo
$2,958
Total cash needed
$145,430
Cash flow / mo
$2,049
Cash-on-cash
16.9%
Debt coverage at these terms: 1.69
Illustrative only, not a loan quote. Income and operating assumptions match the sheet above.
Every dollar of operator lease, monthly
- Taxes & insurance$493 · 9%
- Loan payment$2,958 · 54%
- Cash flow$2,049 · 37%
Cash to close
- Down payment$114,000 · 78%
- Closing costs (net)$6,430 · 4%
- Rehab$25,000 · 17%
Financial Ratios · At Purchase
Long-Term Projections
| Year 1 | Year 2 | Year 3 | Year 5 | Year 10 | Year 20 | Year 30 | |
|---|---|---|---|---|---|---|---|
| Gross income | $66,000 | $67,320 | $68,666 | $71,441 | $78,876 | $96,150 | $117,206 |
| Operating expenses | − $5,916 | − $6,034 | − $6,155 | − $6,404 | − $7,070 | − $8,618 | − $10,506 |
| Net operating income | $60,084 | $61,286 | $62,511 | $65,037 | $71,806 | $87,531 | $106,700 |
| Loan payments | − $35,491 | − $35,491 | − $35,491 | − $35,491 | − $35,491 | − $35,491 | − $35,491 |
| Cash flow | $24,593 | $25,794 | $27,020 | $29,546 | $36,315 | $52,040 | $71,209 |
| Cumulative cash flow | $24,593 | $50,387 | $77,407 | $135,223 | $302,990 | $750,057 | $1,372,754 |
| Property value | $587,100 | $604,713 | $622,854 | $660,786 | $766,032 | $1,029,483 | $1,383,540 |
| Loan balance | $451,140 | $445,942 | $440,382 | $428,073 | $388,973 | $257,577 | Paid off |
| Equity | $135,960 | $158,771 | $182,473 | $232,713 | $377,060 | $771,906 | $1,383,540 |
Assumes 3.0% annual appreciation, 2.0% income growth, 2.0% expense growth, financing as shown above.
Comparable Properties Nearby
| Address | Bd/Ba | Sqft | Price | Distance |
|---|---|---|---|---|
| 2769 W Black Cloud Ct | 5/4 | 2,845 | $1,169,000 | 0.7 mi |
| 4410 W Ironwood Hill Dr | 5/4 | 3,064 | $785,000 | 1.5 mi |
| 4170 W Ironwood Hill Dr | 5/4 | 3,651 | $1,250,000 | 1.3 mi |
| 2441 W Wagon Wheel Dr | 5/4 | 2,160 | $493,999 | 1.7 mi |
| 1911 N El Moraga Dr | 5/4.5 | 3,951 | $993,000 | 1.5 mi |
| 3994 W Rocky Spring Dr | 5/2.5 | 3,090 | $525,000 | 0.9 mi |
| 3460 N Harcan Mine Pl | 5/3 | 2,236 | $429,900 | 1.3 mi |
| 1504 N Plz | 5/2.5 | 2,808 | $1,095,000 | 1.6 mi |
| 2610 N Summit Dr | 4/4 | 3,364 | $425,000 | 1.2 mi |
| 3125 N Corte Lindo Cielo | 6/4 | 3,884 | $998,000 | 0.8 mi |
Nearby similar properties (market data via RentCast), supporting the valuation, not a substitute for an appraisal.
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