Properties / 808 N WINTHROP Circle
VA ASSUMABLERate: 6.5%

808 N WINTHROP Circle

$479,900
Mesa, AZ 85213
3 beds2 baths1,586 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$56,713 interest already paid off
Estimated Loan Balance$471,494
Cash to close$8,406
Est. Monthly PITI$3,358
Initial Loan Amount$480,646
Time on site50 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$8,406
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

TURN-KEY INVESTOR SPECIAL!!! CASHFLOW DAY 1! 100% OCCUPANCY FOR 12 MONTHS AT $2495.00 PER MONTH! 5.4% CAP RATE. Charming 3bd/2bth home on large corner lot of cul-de-sac street. NO HOA! Home boasts large family room w/ vaulted ceilings & fireplace. Kitchen includes modern look cabinetry, stainless steel appliances & under mount sink,granite counter tops,eat-at kitchen counter. Large master w/ walk-in closet & French doors. Fresh paint,large format tile flooring,upgraded bedroom carpet,modern lighting,window blinds,ceiling fans & much more. Large backyard is perfect for entertaining and has mature green trees. Front yard has pavers, artificial turf & front patio. Double wide RV gate w/ huge side yard allows space for multiple vehicles. 50amp outlet & sewer clean out in side yard! North & South side custom RV gates,custom fabricated metal fence between RV storage area and main yard. Extended backyard patio with empty bbq/grill station & shed. Separate laundry room with stackable washer/dryer. 2 car garage w/ custom garage cabinets, Kinetico water softener, 30amp plug & shop sink. Located in the Mountain View High School Boundaries, close to shopping, entertainment, freeway access. Also listed to lease.

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 $8,406. 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
Bathrooms2
Square feet1,586
Property typeSingle Family
MLS #7030344
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)
$3,041/mo
Source est. payment (PITI)
$3,358/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$8,406

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

$0$8,406
Additional funds needed$0

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