Properties / 510 N IROQUOIS Avenue
FHA ASSUMABLERate: 6.78%

510 N IROQUOIS Avenue

$530,000
Tucson, AZ 85745
9 beds12 baths sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$84,966 interest already paid off
Estimated Loan Balance$389,696
Cash to close$141,141
Est. Monthly PITI$3,083
Initial Loan Amount$402,573
Time on site50 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$140,304
Cash or secondary financing
Monthly savings
$498
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

$50k UNDER APPRAISAL!! Start CASH FLOWING IMMEDIATELY!! Beautifully updated duplex offering flexibility for both investors and owner-occupants. One unit features 3 bedrooms and 2 bathrooms, while the second unit offers 4 bedrooms and 2 bathrooms, creating strong rental income potential is currently rented out at $1950. The 4 bedroom unit is currently rented out for $2750. Recent renovations include curated interiors, newer HVAC systems, water heaters, and other major components for added peace of mind. Enjoy durable hard-surface flooring throughout, open-concept living spaces, and modern kitchens designed for today's lifestyle.

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $140,304. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

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

Property details

Bedrooms9
Bathrooms12
Property typeSingle Family
MLS #7056320
CountyMaricopa County
Assumable loanFHA
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Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
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)
$2,628/mo
Source est. payment (PITI)
$3,083/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$140,304

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

$0$140,304
Additional funds needed$0

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