Properties / 165 N ROCKY DELLS Drive
VA ASSUMABLERate: 6.34%

165 N ROCKY DELLS Drive

$665,000
Prescott, AZ 86303
3 beds3 baths1,672 sqftSingle Family
The assumable advantage
6.34%
VA assumed rate
$47,525 interest already paid off
Estimated Loan Balance$226,432
Cash to close$438,833
Est. Monthly PITI$1,736
Initial Loan Amount$235,100
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$438,568
Cash or secondary financing
Monthly savings
$2,457
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Tucked in the trees and boulders with gorgeous views of Thumb Butte, this home is situated at the end of a quiet cul-de-sac in the desirable Country Club Park. A quintessential Prescott home, it is located only five minutes from downtown amenities and the Thumb Butte hiking trails.The upper-level main floor features a spacious, open-concept living room with views, a dining room, an updated kitchen, and two primary bedrooms--each with an en suite bathroom. Recent upgrades include luxury vinyl plank flooring throughout, quartz countertops, a tile backsplash, a Maytag double oven, and new light-filtering shades in the bedrooms. The main level also opens up to a fabulous back deck. The lower level includes a casita apartment with a kitchenette, bedroom, 3/4 bath, and a private entrance through sliding doors. The casita can also be accessed through the garage, making it easy to keep separate from the main home if desired. Outside, the front yard features a charming gazebo, while the backyard is completely fenced, mostly level, and ready for pets. The newly added paver driveway has room to park an RV or trailer and includes a 30 AMP hookup. Additional features include a 15x10 storage shed and a two-car garage with extra storage, including a separate room with storage racks that convey with the property. To provide peace of mind, the sellers are also including an American Home Shield warranty.

How assumption works for this home

Can I assume this VA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.

How much cash do I actually need?

You need to cover the seller's equity of $438,568. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

Yes — VA assumptions can be used for investment properties. You can rent this home out.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms3
Bathrooms3
Square feet1,672
Property typeSingle Family
MLS #7055503
CountyMaricopa County
Assumable loanVA
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Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$1,465/mo
Source est. payment (PITI)
$1,736/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$438,568

Asking price minus remaining loan balance. Closing costs are additional.

$0$438,568
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.