Properties / 13865 W CLAREMONT Street
FHA ASSUMABLERate: 3.72%

13865 W CLAREMONT Street

$445,000
Litchfield Park, AZ 85340
4 beds2 baths sqftSingle Family
The assumable advantage
3.72%
FHA assumed rate
$31,166 interest already paid off
Estimated Loan Balance$87,258
Cash to close$361,582
Est. Monthly PITI$1,375
Initial Loan Amount$142,455
Time on site50 days
Remaining Term7 years, 8 months
Seller's equity (what you pay)
$357,742
Cash or secondary financing
Monthly savings
$1,532
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

THIS IS A DUPLEX apart of a 6-Unit Portfolio Opportunity (4-Plex + Duplex) | Tesla Corridor | Luke AFB | $76,800+ Income Turnkey multi-family opportunity in one of the fastest-growing areas of the West Valley. This cash-flowing duplex offers immediate income with strong upside potential, ideally positioned along Litchfield Road directly across from the Tesla Collision Center and minutes from Luke Air Force Base. Financial Highlights: $31,200 with potential $33,600 Annual Gross Income 5.2-5.6% Cap Rate Stable tenant base with consistent occupancy Location Advantages: Direct proximity to Luke Air Force Base (strong, reliable rental demand) Across from Tesla Collision Center (employment-driven growth) High-visibility corridor with ongoing commercial expansion Easy access to major transportation routes Property Features: Single-story construction for low maintenance Spacious lot with ample parking Functional layouts with private entrances Large outdoor/common areas with utility access Solid block construction with long-term durability Low-maintenance desert landscaping Value-Add Potential: Below-market rents with clear upside Opportunity to enhance outdoor/common areas Strong long-term appreciation in a high-growth corridor Portfolio Opportunity: Property must be sold with adjoining 4-plex, offering investors the opportunity to acquire a larger multi-family portfolio with increased scale, operational efficiency, and long-term value creation. FHA, and VA loan approved!

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 $357,742. 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

Bedrooms4
Bathrooms2
Property typeSingle Family
MLS #7016959
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)
$1,092/mo
Source est. payment (PITI)
$1,375/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$357,742

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

$0$357,742
Additional funds needed$0

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