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Home
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Ogden,
UT - 1020 Harrop St.
Unit 132 - Rent to Own - Lease
Purchase Option
| Type:
Single
Family Home |
Levels:
1 |
Price:
$
995.00/mo
($200
credit) |
Interest
Rate:
N/A |
| Beds:
3 Baths: 2 |
Size:
1404
Sq. feet |
| Lot
Size: .28
acre |
Year
Built: 2002 |
| Heat:
Gas
forced air |
Cooling:
Central
air |
| Tax
#: 12-042-0007 |
Taxes:
$
1,160.78 |
| Schools: |
|
| Elem: |
|
| Jr.
High: |
|
| High: |
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| |
 |
Dishwasher &
refrigerator |
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Vaulted ceilings |
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Super nice
neighborhood |
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RV parking |
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Large tub and shower
in master bath |
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Walk-in closets |
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Vinyl windows |
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Question? How
does Rent to own work on this home? |
Answer:
You are buying a home today but not closing on it for a year or more.
There
is a $3,500.00 lease fee, non-refundable if you do not buy the
home.
When you buy the home, this money is credited, so you don't lose a
penny.
The monthly payment has $200.00 per month being credited to the
purchase
price of the home. Make sense? Lets put it into numbers.
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Purchase price end
of lease.
Less paint and carpet
credits option |
$124,900.00
|
| * Less your lease
option fee |
<3,500.00>
|
| * Less rent payment
credit, 12 months
@ $200.00 |
<2,400.00>
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|
=============== |
| Total amount needed
to RE-FINANCE showing
12 perfect on-time payments are required to help repair your credit,
then
you own the home, 100%. |
$119,000.00 |
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* Money is
credited to the purchase
of the home, if you do not take the purchase option, this money is not
returned.
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5% equity is needed to get
a refinance
or a new loan at the end of the rental period. 5% on this
property
is $ 6,245.00
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Updated October 24, 2006 9:34 p.m.
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