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$3,495,000

Under Contract
4518 E Solano Dr, Phoenix, AZ 85018
4 Beds
4 Baths
4,256 Square Feet
0.41 Acres Lot
Built in 1971
Under Contract
Units n/a
Checked: 14 hours ago
Updated: Jul 17, 2025 at 08:09AM

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
Under Contract
Units n/a

Where Paradise Valley meets Arcadia on the western slope of Camelback Mountain. Praying Monk VIEWS. Quiet cul-de-sac. Very Private resort backyard-no neighbors on 3 sides. Oversized 46x26 saltwater pool, extra-large Baja shelf, new heater, spacious spa & glass-rock fire pits that operate from your smart phone! Lush turf, 4-hole putting green, outdoor kitchen with Viking BBQ, Fridge, Sink, Ice maker, and large Granite sit-up bar under covered gazebo. Second TV gazebo provides views of Praying Monk. Charming front courtyard. TWO living rooms, formal dining, office/den adjacent poolside Great Room open to Chef's kitchen overlooking yard. Split 4bedrooms—2 with ensuite baths and walk-ins—all with private outdoor access. Wood flrs, 3 indoor Fireplaces, 400amp service, 3-car gar w/EV Charging South-facing walls lined with glass doors and windows frame stunning views of Camelback Mountain to the south and Scottsdale Mountain Preserve to the north. The open kitchen features an 8' granite island with seating, overlooking the backyard and family room. Outfitted with Thermador and SubZero appliances, gas cooktop, double ovens, built-in wine fridge, and walk-in pantry. The primary suite offers new wood floors, fireplace, and a spa-style bath with soaking tub perfectly positioned to take in views of the Praying Monk. Located in the desirable Hopi Elementary district with City of Phoenix taxes, and just minutes to the new Global Ambassador, STK 44, Village Health Club, AJ's Fine Foods, The Henry and Echo Canyon hiking trails. Only 15 minutes to Sky Harbor Int'l Airpark and downtown Phoenix! New 400 amp electric service upgrade, 2 tankless water heaters, and new roof coating is still under warranty are a few of the improvements, see list.

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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

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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

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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

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% 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