Properties / 4728 E BELLEVIEW Street
VA ASSUMABLERate: 7%

4728 E BELLEVIEW Street

$200,000
Phoenix, AZ 85008
2 beds1 baths880 sqftSingle Family
The assumable advantage
7%
VA assumed rate
$20,645 interest already paid off
Estimated Loan Balance$175,471
Cash to close$24,529
Est. Monthly PITI$1,371
Initial Loan Amount$178,400
Time on site50 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$24,529
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

Long term lease! $1743 monthly! Section 8. Performing at a 7.91% cap rate. Remodeled Condo - VA & Conventional Approved! This beautifully remodeled condo offers everything you're looking for in a prime location! Featuring brand new flooring with upgraded underlayment, all-new kitchen cabinets, stainless steel appliances, modern sinks, vanities, fans, electrical outlets, and fresh paint throughout. New windows provide energy efficiency and natural light. Location is everything! You're just a 4-minute drive to Mill Ave, a quarter mile to I-143 & the 202, and close to fantastic hiking, biking, and vibrant nightlife. Right across from Brunson Lee Elementary School and next to the Papago Golf Club. Plus, the community is gated for extra security and privacy.

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 $24,529. 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

Bedrooms2
Bathrooms1
Square feet880
Property typeSingle Family
MLS #6963294
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)
$1,188/mo
Source est. payment (PITI)
$1,371/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$24,529

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

$0$24,529
Additional funds needed$0

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