151 E Patton Ave · Coolidge, AZ 85128

$232,000

3 bd · 2.5 ba · 1,640 sqft · SingleFamily public records · 73 Days on market

Built 2019 4,401 sqft lot $141/sqft · 16% below area Est $276k · 16% under $58/mo HOA · 3% of rent ↓ 57% since listing

---

Why this score? — see what drove the D 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 +14.7/15.0
• Cash flow +11.5/30.0
• DSCR +3.4/10.0
• Livability +2.9/5.0
• Rent growth +2.7/5.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into this inviting 3-bedroom, 2.5-bath home with a versatile loft and spacious backyard. The main level features an open living area that flows into the kitchen, plus a half bath and laundry room. Upstairs offers a primary suite with soaking tub, dual sinks, and walk-in closet, along with two additional bedrooms and a loft. Enjoy no rear neighbors and take in mountain, sunset, and city light views right from your window. The large backyard is ready for your vision, and solar panels help keep energy costs down. A great opportunity to add your personal touch!

Key facts

• 4,401 sq ft lot
• Garage
• Built 2019

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $232k.

Deal economics

• At list price, monthly cash flow is $-75 ($-898/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (5.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (23.7% below list).
• Recommended offer: $177k (23.7% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.5% in Coolidge — 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 57/100 on livability (#235 in AZ) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Coolidge Unified District (4442) (town): math 8% / reading 14% proficiency, ranked #229 of 249 in AZ (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: West Elementary School (math 6% / reading 13%, grade F, #1,037 of 1,109 statewide, top 94%, 733 students, 74% FRL); Coolidge Jr. High School (math 7% / reading 11%, grade F, #200 of 218 statewide, top 93%, 362 students, 80% FRL); Coolidge High School (math 8% / reading 12%, grade F, #343 of 381 statewide, top 93%, 640 students, 68% FRL).
• Market conditions: Rents flat; 271 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,504 units permitted in Pinal County in 2024 (776 in 5+ unit buildings).
• This rent runs 32% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,030 (23.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.76% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.38%
• DSCR: 0.94
• GRM: 10.9

CMA / ARV

• ARV (median comp): $276,388
• List price: $232,000
• Delta: -16.06%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
131 E Douglas Ave	0.05mi	4/2.5 (+1)	1,801 (+10%)	7mo	$250,900	$139	71
264 W Taylor Ave	0.35mi	4/2.0 (+1)	1,611 (-2%)	5mo	$255,000	$158	70
152 E Dewey Ave	0.13mi	4/2.5 (+1)	1,801 (+10%)	5mo	$273,000	$152	68
255 W Dewey Ave	0.29mi	4/2.5 (+1)	1,801 (+10%)	5mo	$229,900	$128	61
197 E Douglas Ave	0.08mi	3/2.5	1,401 (-15%)	15mo	$250,000	$178	60
610 W Douglas Ave	0.72mi	3/2.0	1,600 (-2%)	6mo	$305,000	$191	55
1034 S 3rd St	0.66mi	2/2.0 (-1)	1,632 (-0%)	11mo	$305,000	$187	52
147 W Taylor Ave	0.23mi	4/2.5 (+1)	1,801 (+10%)	22mo	$295,000	$164	50
416 W Spruell Ave	0.55mi	3/2.0	1,521 (-7%)	18mo	$193,000	$127	45
620 W Douglas Ave	0.74mi	3/2.0	1,542 (-6%)	12mo	$275,000	$178	43

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

Projected returns pro-forma

-3.0% appreciation · 0.97% rent growth · sell at horizon

5-year hold

• IRR: -20.7%
• Equity multiple: 0.29×
• Total profit: $-45,958
• Equity at exit: $34,592

10-year hold

• IRR: -18.9%
• Equity multiple: 0.07×
• Total profit: $-60,336
• Equity at exit: $20,059

Cash invested: $64,960 (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 85128

• Home prices YoY: -7.9%
• Rents YoY: 1.0%
• Active inventory: 271
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,770 high
• Mortgage (P&I): −$1,217
• Tax from tax record: −$102 /mo · $1,225/yr
• Insurance: −$97
• HOA: −$58
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $-75

Break-even live

Break-even rent $1,865

Max offer price $218,779

Occupancy floor 99%

Sensitivity live

Price	-10% $56	-5% $-9	+0% $-75	+5% $-141	+10% $-206
Rent	-10% $-215	-5% $-145	+0% $-75	+5% $-5	+10% $65
Rate	-1.0pp $42	-0.5pp $-16	base $-75	+0.5pp $-135	+1.0pp $-196

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: $58,000
• Closing costs: $6,960
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
131 E Patton Ave Coolidge, AZ	4.0	2.0	1221	$2,200	$1.80	46d	1	0.06mi
1824 S Wooten St Coolidge, AZ	3.0	2.5	1621	$1,575	$0.97	7d	1	0.12mi
1660 S Wooten St Coolidge, AZ	3.0	2.5	1385	$1,500	$1.08	7d	1	0.19mi
144 W Douglas Ave Coolidge, AZ	4.0	2.0	1801	$1,639	$0.91	6d	1	0.20mi
227 W Douglas Ave Coolidge, AZ	3.0	2.0	1202	$1,595	$1.33	46d	1	0.25mi
232 W Elm Ave Unit B Coolidge, AZ	4.0	2.5	1452	$1,350	$0.93	46d	1	0.85mi
144 W Lincoln Ave Coolidge, AZ	3.0	2.0	1125	$1,299	$1.15	1d	1	0.96mi
144 W Lincoln Ave Coolidge, AZ	3.0	2.0	1125	$1,299	$1.15	6d	1	0.96mi
611 W Verde Ln Coolidge, AZ	3.0	2.0	1681	$1,395	$0.83	46d	1	0.99mi
392 E Dirkley Ave Coolidge, AZ	4.0	2.5	1440	$1,700	$1.18	46d	1	1.09mi
1505 S Navajo Ln Coolidge, AZ	3.0	2.5	1743	$1,700	$0.98	46d	1	1.10mi
313 E Central Ave Coolidge, AZ	2.0	2.0	1393	$1,200	$0.86	46d	1	1.24mi
1081 W Palo Verde Ave Coolidge, AZ	4.0	2.0	1517	$1,750	$1.15	7d	1	1.45mi

HOA detail

• Monthly dues: $58 · $696/yr

Listing history 35 events

1. 2026-06-22
   days on market $232,000 Active 73 DOM
2. 2026-06-21
   days on market $232,000 Active 72 DOM
3. 2026-06-18
   days on market $232,000 Active 69 DOM
4. 2026-06-17
   days on market $232,000 Active 68 DOM
5. 2026-06-16
   days on market $232,000 Active 67 DOM
6. 2026-06-15
   days on market $232,000 Active 66 DOM
7. 2026-06-13
   pricedays on market $232,000 Active 64 DOM
8. 2026-06-13
   days on market $234,000 Active 63 DOM
9. 2026-06-09
   days on market $234,000 Active 60 DOM
10. 2026-06-08
    days on market $234,000 Active 59 DOM
11. 2026-06-07
    days on market $234,000 Active 58 DOM
12. 2026-06-04
    days on market $234,000 Active 55 DOM
13. 2026-06-03
    days on market $234,000 Active 54 DOM
14. 2026-06-02
    days on market $234,000 Active 53 DOM
15. 2026-06-01
    days on market $234,000 Active 52 DOM
16. 2026-05-31
    days on market $234,000 Active 51 DOM
17. 2026-05-15
    price $234,000 568-char remark

    Show marketing remark (568 chars)

    Step into this inviting 3-bedroom, 2.5-bath home with a versatile loft and spacious backyard. The main level features an open living area that flows into the kitchen, plus a half bath and laundry room. Upstairs offers a primary suite with soaking tub, dual sinks, and walk-in closet, along with two additional bedrooms and a loft. Enjoy no rear neighbors and take in mountain, sunset, and city light views right from your window. The large backyard is ready for your vision, and solar panels help keep energy costs down. A great opportunity to add your personal touch!

18. 2026-04-25
    price $235,000 568-char remark

    Show marketing remark (568 chars)

    Step into this inviting 3-bedroom, 2.5-bath home with a versatile loft and spacious backyard. The main level features an open living area that flows into the kitchen, plus a half bath and laundry room. Upstairs offers a primary suite with soaking tub, dual sinks, and walk-in closet, along with two additional bedrooms and a loft. Enjoy no rear neighbors and take in mountain, sunset, and city light views right from your window. The large backyard is ready for your vision, and solar panels help keep energy costs down. A great opportunity to add your personal touch!

19. 2026-04-04
    listed $240,000 Active 568-char remark

    Show marketing remark (568 chars)

    Step into this inviting 3-bedroom, 2.5-bath home with a versatile loft and spacious backyard. The main level features an open living area that flows into the kitchen, plus a half bath and laundry room. Upstairs offers a primary suite with soaking tub, dual sinks, and walk-in closet, along with two additional bedrooms and a loft. Enjoy no rear neighbors and take in mountain, sunset, and city light views right from your window. The large backyard is ready for your vision, and solar panels help keep energy costs down. A great opportunity to add your personal touch!

20. 2024-12-31
    soldstatus $240,000 Closed 575-char remark

    Show marketing remark (575 chars)

    Priced to sell! This 3 bed 2.5 bath home features a loft, large backyard and beautiful views! Downstairs find a spacious living room that opens to the kitchen, half bathroom, and laundry room. Upstairs you'll find the primary suite with large tub, dual sinks and walk-in closet along with 2 other bedrooms and loft. You'll love the view out back of the mountains and cotton fields! The backyard is large and ready for your imagination. Save money on electric with the already installed solar panels! Needs just a little TLC to make it like new! More photos coming soon!

21. 2024-12-31
    soldstatus $240,000

    Show marketing remark (575 chars)

    Priced to sell! This 3 bed 2.5 bath home features a loft, large backyard and beautiful views! Downstairs find a spacious living room that opens to the kitchen, half bathroom, and laundry room. Upstairs you'll find the primary suite with large tub, dual sinks and walk-in closet along with 2 other bedrooms and loft. You'll love the view out back of the mountains and cotton fields! The backyard is large and ready for your imagination. Save money on electric with the already installed solar panels! Needs just a little TLC to make it like new! More photos coming soon!

22. 2024-12-16
    status Pending 575-char remark

    Show marketing remark (575 chars)

    Priced to sell! This 3 bed 2.5 bath home features a loft, large backyard and beautiful views! Downstairs find a spacious living room that opens to the kitchen, half bathroom, and laundry room. Upstairs you'll find the primary suite with large tub, dual sinks and walk-in closet along with 2 other bedrooms and loft. You'll love the view out back of the mountains and cotton fields! The backyard is large and ready for your imagination. Save money on electric with the already installed solar panels! Needs just a little TLC to make it like new! More photos coming soon!

23. 2024-12-01
    historical Under Contract Accepting Backups 575-char remark

    Show marketing remark (575 chars)

    Priced to sell! This 3 bed 2.5 bath home features a loft, large backyard and beautiful views! Downstairs find a spacious living room that opens to the kitchen, half bathroom, and laundry room. Upstairs you'll find the primary suite with large tub, dual sinks and walk-in closet along with 2 other bedrooms and loft. You'll love the view out back of the mountains and cotton fields! The backyard is large and ready for your imagination. Save money on electric with the already installed solar panels! Needs just a little TLC to make it like new! More photos coming soon!

24. 2024-11-21
    listed $230,000 Active 575-char remark

    Show marketing remark (575 chars)

    Priced to sell! This 3 bed 2.5 bath home features a loft, large backyard and beautiful views! Downstairs find a spacious living room that opens to the kitchen, half bathroom, and laundry room. Upstairs you'll find the primary suite with large tub, dual sinks and walk-in closet along with 2 other bedrooms and loft. You'll love the view out back of the mountains and cotton fields! The backyard is large and ready for your imagination. Save money on electric with the already installed solar panels! Needs just a little TLC to make it like new! More photos coming soon!

25. 2020-04-17
    soldstatus $152,990 Closed
26. 2020-03-25
    status Pending
27. 2020-01-10
    price $152,990
28. 2019-12-15
    price $156,990
29. 2019-11-15
    price $154,990
30. 2019-04-05
    listed $156,990 Active
31. 2019-03-27
    soldstatus $1,999,999
32. 2019-03-26
    soldstatus $1,999,999
33. 2018-10-18
    soldstatus $2,195,000
34. 2013-01-30
    soldstatus $2,000,000
35. 2011-06-09
    soldstatus $550,000

ⓘ 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: $1,225 · $102/mo
• Projected year-2 tax: $1,531 · $128/mo
• Expected delta: +$306/yr (+$26/mo · 25.0%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 7% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 20 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: $21,244
• − Mortgage interest: −$12,996
• − Property taxes: −$1,225
• − Insurance: −$1,160
• − Repairs & maintenance: −$1,699
• − Management: −$1,699
• − HOA: −$696
• − Depreciation: −$6,749
• Taxable loss: −$4,981
• Est. tax savings @ 24.0%: +$1,195
• After-tax cash flow: $297/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: Coolidge Unified District (4442)
• NCES district ID: 0402320
• Math proficiency: 8% ▼ -6.00%
• Reading proficiency: 14% ▼ -2.00%
• Median HH income: $49,182
• Composite: 10.35/100
• National rank: #9787
• State rank: #229 of 249 in AZ

Livability — Coolidge

• Score: 57/100
• State rank: #235
• US rank: #22344

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coolidge, AZ
• County: Pinal County · 399,947 people
• City population: 19,487
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 19,487
• Household income: $65,477
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 264.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 52% White 29% Two or more races 22% Native American 17% Black 4%
• Hispanic origin (detail): Mexican 49%
• Common ancestry: Lithuanian 1% Portuguese 1% Serbian 1%
• Foreign-born: 9% · Canada
• Languages at home: 71% English-only · Spanish 25% 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: ▼ -23.95%
• Current HPI: 280.3422
• Rent YoY: ▲ 0.97%
• 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

-57.5% since first listed

19 events — show timeline

• 2026-05-15 Price Changed $234,000 ARMLS
• 2026-04-25 Price Changed $235,000 ARMLS
• 2026-04-04 Listed $240,000 ARMLS
• 2024-12-31 Sold (Public Records) $240,000 Public Records
• 2024-12-31 Sold (MLS) $240,000 ARMLS
• 2024-12-16 Pending — ARMLS
• 2024-12-01 Contingent — ARMLS
• 2024-11-21 Listed $230,000 ARMLS
• 2020-04-17 Sold (MLS) $152,990 ARMLS
• 2020-03-25 Pending — ARMLS
• 2020-01-10 Price Changed $152,990 ARMLS
• 2019-12-15 Price Changed $156,990 ARMLS
• 2019-11-15 Price Changed $154,990 ARMLS
• 2019-04-05 Listed $156,990 ARMLS
• 2019-03-27 Sold (Public Records) $1,999,999 Public Records
• 2019-03-26 Sold (Public Records) $1,999,999 Public Records
• 2018-10-18 Sold (Public Records) $2,195,000 Public Records
• 2013-01-30 Sold (Public Records) $2,000,000 Public Records
• 2011-06-09 Sold (Public Records) $550,000 Public Records

Property tax history

+34.4%/yr

Latest (2025): $1,225 · +5.3% YoY. Source: county tax records.