Properties / 711 N PHEASANT Drive
VA ASSUMABLERate: 3.98%

711 N PHEASANT Drive

$710,000
Gilbert, AZ 85234
5 beds4 baths2,753 sqftSingle Family
The assumable advantage
3.98%
VA assumed rate
$131,840 interest already paid off
Estimated Loan Balance$255,815
Cash to close$453,435
Est. Monthly PITI$2,030
Initial Loan Amount$336,150
Time on site0 days
Remaining Term19 years
Seller's equity (what you pay)
$454,185
Cash or secondary financing
Monthly savings
$2,586
Versus today's market rate
Est. savings per year
$31K
Versus today's market rate

About this home

Fantastic Gilbert home offering the perfect blend of space, upgrades & location! Step inside to soaring vaulted ceilings, wood-look tile, a gas fireplace & an updated kitchen featuring an oversized island & massive walk-in pantry. The downstairs primary suite boasts a remodeled bath w/large custom shower & Bluetooth fan/LED light. Enjoy the backyard oasis with BBQ, covered patio, pebble-tech pool w/beach entry & waterfall, plus a huge side yard w/RV gate for your toys or extra vehicle. Upstairs features a 2nd primary bedroom w/ensuite bath, 3 additional bedrooms & a 3rd full bath. Upgrades include newer ACs (2020), roof (2016), remodeled laundry, 9 new windows (2026), new carpet/padding (2026), smart-home devices, new convection oven w/air-fry feature, New dishwasher (2026). Don't miss it!

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 $454,185. 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

Bedrooms5
Bathrooms4
Square feet2,753
Property typeSingle Family
MLS #7078881
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)
$1,601/mo
Source est. payment (PITI)
$2,030/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$454,185

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

$0$454,185
Additional funds needed$0

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