Properties / 1027 W Avalon Canyon Drive
FHA ASSUMABLERate: 5.23%

1027 W Avalon Canyon Drive

$360,000
Casa Grande, AZ 85122
3 beds2 baths1,881 sqftSingle Family
The assumable advantage
5.23%
FHA assumed rate
$73,343 interest already paid off
Estimated Loan Balance$326,279
Cash to close$34,211
Est. Monthly PITI$2,478
Initial Loan Amount$347,072
Time on site37 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$33,721
Cash or secondary financing
Monthly savings
$205
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Excellent investment opportunity with immediate cash flow! This well-maintained property comes with a recently signed 2-year lease, providing stable rental income from day one. Professionally managed, making ownership simple and hassle-free for both local and out-of-state investors. Tenant is in place, offering a seamless transition with no vacancy concerns. Seller is open to considering creative financing options, creating additional flexibility for qualified buyers. Seller open to closing cost assistance with acceptable offer. Don't miss this turnkey income-producing property in a growing Casa Grande market. Tenant occupied, drive-by only.

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 $33,721. 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

Bedrooms3
Bathrooms2
Square feet1,881
Property typeSingle Family
MLS #7062133
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)
$1,918/mo
Source est. payment (PITI)
$2,478/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$33,721

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

$0$33,721
Additional funds needed$0

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