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Home
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South
Ogden, UT - 5060 Burch Creek
Dr.
Unit 138 - Rent to Own - Lease Purchase Option
| Type:
Single
Family Home |
Levels:
2 |
Price:
$
1,289.00/mo
($400
credit) |
Interest
Rate:
N/A |
| Beds:
3 Baths: 3 |
Size:
2500
Sq. feet |
| Lot
Size: .21
acre |
Year
Built: 1976 |
| Heat:
Gas
Hot Water |
Cooling:
Evap. |
| Tax
#: 07-033-0005 |
Taxes:
$
1,407.64 |
| Schools: |
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| Elem:
H.
Guy Child |
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| Jr.
High:
South Ogden |
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| High:
Bonneville |
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Dishwasher |
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Vaulted ceilings
with large picture windows
& deck |
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Super nice
neighborhood |
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Deep 2 car garage |
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Large tub and shower
in master bath |
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Basement entrance |
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New roof 10 year
warranty |
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Mature trees, auto
sprinklers, swingset |
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Sauna |
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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 $ 400.00 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 |
$179,900.00
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| * Less your lease
option fee |
<3,500.00>
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| * Less rent payment
credit, 12 months
@ $400.00 |
<4,800.00>
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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. |
$171,600.00 |
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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 $ 8,995.00
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Updated November 26, 2007 6:58 p.m.
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