Single-level 2-bedroom home offering a strong investment opportunity with reliable rental income already in place. The property is tenant-occupied with a current lease through January 15, 2027, generating $1,800 per month in consistent rent. Recent improvements include a newer roof, updated exterior and interior paint, newer water heater and a new air conditioning unit installed in 2023. Conveniently located near shopping, schools, and freeway access, the home offers strong appeal for long-term tenants. Please note that the interior has recently been painted a light cream color, which is not reflected in the current photographs.
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.
You need to cover the seller's equity of $258,165. If you don't have that in cash, we can help structure secondary financing to cover the gap.
Yes — VA assumptions can be used for investment properties. You can rent this home out.
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.