Properties / 4895 W PICACHO Drive
VA ASSUMABLERate: 2.88%

4895 W PICACHO Drive

$475,000
Eloy, AZ 85131
2 beds3 baths1,730 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$33,499 interest already paid off
Estimated Loan Balance$185,039
Cash to close$289,522
Est. Monthly PITI$1,289
Initial Loan Amount$213,000
Time on site1 day
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$289,961
Cash or secondary financing
Monthly savings
$1,917
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

INCREDIBLY WELL-MAINTAINED & FURNISHED HOME WITH MOUNTAIN VIEWS! This beautiful home offers the perfect blend of comfort, style, and Arizona outdoor living. Enjoy stunning mountain views from the private backyard, complete with a sparkling heated pool featuring an in-floor cleaning system. The pool was built in 2020, with a new pool heater added in 2025. The spacious paver patio is enhanced by a premium screening system, creating an inviting outdoor space perfect for relaxing or entertaining. The 2.5-car extended garage provides plenty of room for vehicles, storage, hobbies, and all your extras, with extensive cabinetry for added organization. The spacious guest suite includes a private bath with a tub/shower combination, providing comfort and privacy for family and guests. Inside, the home features fabulous custom shutters throughout, with the living and dining areas beautifully appointed with custom shades and designer draperies. The stunning living room wall unit provides an elegant focal point and abundant storage, and all televisions convey with the home. This home is being offered FURNISHED, with the furniture specifically identified on the included list. Furnishings include the office furniture, bedroom furnishings, patio furniture, dining table and chairs, bar stools, and select kitchen items. There is only a small list of personal property that does not convey. Beautifully appointed, meticulously maintained, and move-in ready--this exceptional furnished home offers incredible indoor and outdoor living with breathtaking mountain views! --

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 $289,961. 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

Bedrooms2
Bathrooms3
Square feet1,730
Property typeSingle Family
MLS #7076787
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$884/mo
Source est. payment (PITI)
$1,289/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$289,961

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

$0$289,961
Additional funds needed$0

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