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
See all photos

$3,495,000

Sold
4518 E Solano Dr, Phoenix, AZ 85018
4 Beds
4 Baths
4,256 Square Feet
0.41 Acres Lot
Built in 1971
Sold
Units n/a
Checked: 1 day ago
Updated: Jul 26, 2025 at 05:19AM

Investment Summary


Monthly Cash Flow
-$11,202
Cap Rate
1.8%
Cash-on-Cash Return
-16.7%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-12.2%

Property Description


0.41 Acres Lot
Built in 1971
Sold
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 4518 E Solano Dr, Phoenix, AZ (ZIP code 85018) this single family residence features 4 bedrooms, 4 bathrooms and approximately 4,256 square feet of living space. The property sits on a 0.41 acre lot and was built in 1971.

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: Attch'd Gar Cabinets, Electric Door Opener
  • Details: Garage Door Opener, Electric Vehicle Charging Station(s)
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Heritage Hills
  • HOA Fee: $255/monthly

Land Information

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

Lot Information

  • Parcel ID: 17116073
  • Lot Size: 17938 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Territorial/Santa Fe
  • Year Built: 1971

Tax Information

  • Annual Tax: $7,420

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Denise van den Bossche
Realty Executives Arizona Territory
(602) 980-0737

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6887800
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$11,202
Cap Rate
1.8%
Cash-on-Cash Return
-16.7%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-12.2%

Purchase Details

Find an Agent

Purchase price:
$3,495,000
Amount financed:
-$2,796,000
Down payment:
$699,000
Closing costs:
$104,850
Rehab costs:
$0
Initial cash invested:
$803,850
Square feet:
4,256
Cost per square foot:
$821
Monthly rent per square foot:
$2.11

Financing Details

Find a Lender

Loan amount:
$2,796,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$16,539
Property tax:
$618
Insurance:
$630
Private mortgage insurance (PMI):
$0
Monthly payment:
$17,787

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$9,000 $108,000
Vacancy loss: (6%)
6% -$540 -$6,480
Operating income:
$8,460 $101,520

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$618-$7,420
Insurance: (7%)
7%-$630-$7,560
Property management: (8%)
8%-$720-$8,640
Repairs & maintenance: (5%)
5%-$450-$5,400
Capital expenditures: (5%)
5%-$450-$5,400
HOA fees: (3%)
3%-$255-$3,060
Total operating expenses: (35%)
35%-$3,123-$37,480

Cash Flow


Monthly Yearly
Net operating income:
$5,337 $64,044
Mortgage payments:
-$16,539 -$198,468
Cash flow:
$11,202 $134,424