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
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$1,650,000

Under Contract
3808 E Fairmount Ave, Phoenix, AZ 85018
4 Beds
4 Baths
2,798 Square Feet
0.20 Acres Lot
Built in 2020
Under Contract
Units n/a
Checked: 6 hours ago
Updated: Jun 21, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$2,288
Cap Rate
4.6%
Cash-on-Cash Return
-7.2%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.0%

Property Description


0.20 Acres Lot
Built in 2020
Under Contract
Units n/a

Built by Fairmont Development in 2020, this single-level modern farmhouse captures the essence of refined Arcadia living. Thoughtfully designed and richly detailed, the home balances clean architectural lines with warm, natural textures throughout. At the heart of the home, the chef's kitchen impresses with a statement quartz island, 48'' gas range, wine storage, custom cabinetry, and a suite of professional-grade appliances. Wide-plank white oak flooring and vaulted ceilings enhance the great room, where walls of glass invite in soft natural light and open completely to the outdoors. The primary suite is a serene retreat, featuring a freestanding soaking tub, oversized walk-in shower, dual vanities, and a spacious custom closet. Three additional bedrooms offer flexibility for family, guests, or work-from-home living. Outside, the heated pool, covered patio, and low-maintenance landscaping create a private setting for year-round enjoyment. Additional highlights include a paver-lined driveway, two-car garage, and a location just steps from Arcadia's most beloved restaurants, markets, and lifestyle amenities.

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: Dir Entry frm Garage
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Composition
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 12718057
  • Lot Size: 8668 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2020

Tax Information

  • Annual Tax: $6,062

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Floor Furnace, Wall Furnace, Ceiling
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
David Arustamian
Russ Lyon Sotheby's International Realty
(480) 209-2615

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6876091
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,288
Cap Rate
4.6%
Cash-on-Cash Return
-7.2%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.0%

Purchase Details

Find an Agent

Purchase price:
$1,650,000
Amount financed:
-$1,320,000
Down payment:
$330,000
Closing costs:
$49,500
Rehab costs:
$0
Initial cash invested:
$379,500
Square feet:
2,798
Cost per square foot:
$590
Monthly rent per square foot:
$3.54

Financing Details

Find a Lender

Loan amount:
$1,320,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$8,614
Property tax:
$505
Insurance:
$693
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,812

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$9,900 $118,800
Vacancy loss: (6%)
6% -$594 -$7,128
Operating income:
$9,306 $111,672

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$505-$6,062
Insurance: (7%)
7%-$693-$8,316
Property management: (8%)
8%-$792-$9,504
Repairs & maintenance: (5%)
5%-$495-$5,940
Capital expenditures: (5%)
5%-$495-$5,940
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$2,980-$35,762

Cash Flow


Monthly Yearly
Net operating income:
$6,326 $75,912
Mortgage payments:
-$8,614 -$103,368
Cash flow:
$2,288 $27,456