Properties / 323 E SESAME Street
VA ASSUMABLERate: 6.92%

323 E SESAME Street

$465,000
Tempe, AZ 85283
3 beds2 baths1,266 sqftSingle Family
The assumable advantage
6.92%
VA assumed rate
$57,547 interest already paid off
Estimated Loan Balance$413,772
Cash to close$53,576
Est. Monthly PITI$3,096
Initial Loan Amount$420,000
Time on site50 days
Remaining Term28 years
Seller's equity (what you pay)
$51,228
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

Well-located 3 bed, 2 bath home in Tempe offering a functional layout and move-in-ready condition. The floor plan provides clear separation between living and sleeping areas, with good natural light and updated finishes throughout. Situated on a 6,800 sqft lot, the property features a private pool, covered patio, and usable outdoor space that's easy to maintain and ideal for both everyday living and entertaining. Currently operating as a successful Airbnb with a strong track record of bookings and income, making it a turnkey option for investors or a flexible choice for an owner-occupant. Conveniently located near ASU, major freeways, and Tempe amenities, supporting both long-term value and rental demand.

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 $51,228. 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 feet1,266
Property typeSingle Family
MLS #7008859
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)
$2,790/mo
Source est. payment (PITI)
$3,096/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$51,228

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

$0$51,228
Additional funds needed$0

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