Charming Payson Home with Income-Generating Potential Welcome home to this beautifully updated, traditional wood-frame residence nestled on a generous 9,500 sq. ft. lot. Located in the heart of Payson, this property offers a rare opportunity for flexible living--perfect for multi-generational needs or generating supplemental rental income to help offset your mortgage. The main home features a functional 2-bedroom, 1-bath layout plus a versatile den, ideal for an office or hobby room. Recent renovations have revitalized the space, featuring: Stunning water-resistant laminate wood flooring, Brand-new interior paint creates a fresh, inviting atmosphere. Beautifully refinished white cabinetry paired with stainless steel appliances. Recently updated HVAC system and new roof in 2023. Maximize your investment with the detached, updated guest house. Whether you need a private space for visiting guests or a long-term rental, this separate structure provides the privacy and convenience modern tenants look for.Situated in the heart of the city, you are just moments away from the best shopping and entertainment that Payson has to offer. Don't miss this unique chance to own a move-in-ready property with built-in income potential! Guest house is 720 Square feet.Home is 1,184 square feet .
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.
You need to cover the seller's equity of $68,639. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.