The Serenity

Vacation Rental

bed: 4    bath: 3    sq ft: 3,409    year built: 1979

  • Investors


  • Purchase Price


  • Property Leverage


  • 32 San Patricio Dr, Sedona, AZ 86336 is a short-term rental in Sedona, AZ. The Serenity is a beautiful home with travertine tile, granite countertops, wooden beams, and stainless steel appliances. The home is a bright, open floor plan with balcony access from most rooms in the home. The Serenity is close to Uptown, restaurants, and shopping. The beautiful four-bedroom, three-bathroom home features a living area, patios, and kitchen spaces on both levels. The downstairs area of the home also features a stone fireplace.


    • Gorgeous red rock views

    • Hot tub

    • Patio for dining and vibing

    • Game room

    • Spacious driveway parking

    • 10 min drive to multiple trails and parks

    Address: 32 San Patricio Drive, Sedona, AZ 86336

    Property Management Partner

    Preparing a home for the short term rental market is a multi-tiered process that begins as soon as the property is acquired. Our experienced investment team works closely with the local property managers to get it show-ready, determine optimal market rent, take high-quality photos and videos, market the rental through various online and offline channels, screen and thoroughly vet tenant applications, and finalize the lease terms. Below you can find more information regarding this offering's property management partner and the expected rent-ready date.

    Old Town Rental

    Ric & Jen, founders of Old Town Rental, have traveled the world from Tulum to Germany and have come to the conclusion that immersing fully in a destination is the foundation of an incredible experience. Since 2017, they run a boutique-on-purpose operation where they are personally involved in managing every property on their platform. This is how they’ve built their portfolio of amazing Arizona properties, currently managing over 60 properties in the Phoenix metro and earning Airbnb Superhost and VRBO Premier Partners titles. Ric sits on the board of the Scottsdale Short Term Rental Alliance and their team was one of few PMs in the area selected to partner with Marriot Bonvoy Homes & Villas.

  • Rent-Ready Date

    January 2023

  • First Dividend Date

    January 2023

  • Property Leverage & Volatility

    The potential financial returns you can earn are often linked to the potential risk and volatility. Adding leverage or debt to properties can amplify the potential return in exchange for higher potential volatility.

    Property Leverage




    Property Equity Volatility
    Relative to comparable properties on the Arrived platform, this property may carry average potential for equity returns, but also carries average potential for volatility given the amount of leverage used on the property.
    The Market

    Real estate values and returns are highly dependent on location. In general, properties in more affordable markets will have higher cash flow (potential dividends), and properties in more expensive markets will have higher appreciation. Arrived strives to give investors options to choose how much they invest in appreciation markets, cash flow markets, or balanced markets.

    The economy of the local city and market will dictate the potential returns of an investment. In general, some markets see high appreciation of home values, some have higher cash flow (dividends), and some have a mix of the two.

    Sedona, AZ

    Located in Arizona’s high desert under the towering southwestern rim of the vast Colorado Plateau, the city of Sedona is blessed with four mild seasons marked by abundant sunshine and clean air. Strategically situated at the mouth of spectacular Oak Creek Canyon, Sedona is a unique place characterized by massive red-rock formations, as well as the contrasting riparian areas of Oak Creek Canyon, the area surrounding this beloved community is considered at least as beautiful as many national parks. Learn more about why Sedona’s natural beauty goes so much deeper than the stunning rock formations. The city of Sedona is one of Arizona’s premier tourism, recreation, resort, retirement and art destinations.

    Offering Details

    The Offering Details provide a breakdown of the financials for a specific property offering. The Offering Details show the operating plan for the property, including how the Raise Amount proceeds will be used. For transparency, we also like to share a breakdown of the Arrived fees. And if you're interested in more information, we also link to other resource documents that go into more depth around each offering.

    • Property Purchase Price


    • Property Improvements & Cash Reserves


    • Closing Costs, Offering Costs & Holding Costs


    • Arrived Sourcing Fee (One-time)


    Total Property Amount


    Property Loan Amount


    Financing: 45%

    Interest Rate: 5.95%

    Equity Raised from Investors


    • IPO Price Per Share


    • Total Shares


    Hold Period

    5-15 years

    Arrived AUM Fee (Quarterly)

    • Purchase Price: 0.125% of the property purchase price (quarterly)

    • Gross Rents Fee: 5% of Gross Revenue

    Property Management Fees (Old Town Rental)

    • Gross Rents Fee: 15% (up to 20% depending on the performance of the property)

    • Furniture, Fixtures and Equipment: Included in the use of proceeds listed above when our property manager partners assist in the furnishing and property update process.

    Common Questions

    Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs.Investors receive cash dividends from rental income each quarter and capture any property value appreciation.

    Investing in Arrived rental homes can deliver returns to investors in two different ways: 1) property value growth & 2) rental income. While we cannot predict future returns, below are historic returns that can be helpful.

    1) Property value growth: Any property value appreciation can result in increased investment value for the investor. Over the last 20 years, single family homes in the USA have appreciated an average of 4.0% per year. That means that for a property with a 65% mortgage loan, the home equity value increased an average of 4.9% per year. For a home without a mortgage loan, the home equity value increase would average 2.3% per year. These returns include transaction & disposition fees and assumes the investment is held for 10 years.

    2) Rental income: Historically, Arrived properties have paid cash dividends from rental income that translate to 2.4% - 7.9% annual returns on investment. The rental income you receive will be proportional to your ownership in the property.

    In summary adding both the property value growth & the rental income, we see that investing in rental homes has historically resulted in returns on investment between 4.7% - 12.8% per year. It is important to note that past performance may not be indicative of future results.

    Learn More

    Preparing a newly-funded vacation rental for bookings can take an average of 1-3 months depending on a number of factors for each property. We work with experienced design & furnishing partners that have a strong track record of standing up and operating top performing vacation rentals quickly and efficiently. Together with these partners we develop a property theme, set a budget and timeline, and work with local contractors, furniture suppliers, and our property managers to ready not only the property but also all the additional services (cleaning, customer support, pricing optimization…etc).

    Learn More

    With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.

    Currently investors will need to plan to hold their shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. In the future we intend to offer an option to access liquidity during the investment period, but there can be no guarantee when that will be available, and there may be fees involved.

    Arrived has filed a planned redemption program with the U.S. Securities & Exchange Commission (SEC), and it is currently under review for Qualification. A redemption program would allow investors the ability to sell their shares back to Arrived and receive the financial proceeds from the sale. Disclaimer: Arrived will not be able to support early redemption requests until the program is reviewed and qualified. This review is still pending, and we will be updating this FAQ as soon as it is complete. Additionally, there may be fees associated with any early redemption requests. For risk factors and disclaimer information, you can review our communications disclaimer.

    Arrived strives to give investors the opportunity to build wealth through real estate. Historically, real estate returns have been maximized when treated as a long-term investment over multiple years. Arrived property offerings typically have a 5 year minimum investment period before a property would be sold.

    Don't know which property to choose?

    No need to worry, all Arrived rental properties go through our rigorous selection process and have been pre-vetted for their investment potential by our acquisitions team (more info). Rather than focusing on selecting individual properties to invest in, many Arrived investors simply distribute their investment across several available properties to achieve portfolio diversification.


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