Premier Rent-to-Own Opportunity: Build Equity From Day One! Secure your future home with flexible terms designed to put you on the path to ownership! This exclusive Rent-to-Own (Lease-Purchase) program allows you to lock in a purchase price now while benefitting from substantial monthly principal credits. Key Financial Details & Purchase Options This program offers two distinct paths to ownership, both featuring a consistent monthly payment and a guaranteed credit toward your principal balance. Purchase Option Purchase Price Option Fee (Down Payment) Monthly Payment Dedicated Principal Credit Final Payoff (After 5 Years) Option 1 $350,000.00 $30,000.00 $2,300.00 $300.00 $302,000.00 Option 2 $325,000.00 $25,000.00 $2,300.00 $300.00 $282,000.00 ________________________________________ Property Features and Location 1311 Lisa Lane Athens, Alabama This is an attractive [Single-Family Home located in a desirable area with easy access to Highway 72. Bedrooms: 3 Bathrooms: 2 Square Footage: Approx. 2,200 sq. ft. Key Amenities: o Open concept living and dining areas. o Modern kitchen with new countertops and appliances. o Attached two-car garage. o Open back yard with detached work shed. ________________________________________ How Your Equity Grows Over 5 Years This program is structured to maximize the credit you receive, significantly lowering the final balance you will need to finance. 1. Upfront Credit (Option Fee) Your one-time, non-refundable Option Fee (Down Payment) is 100% credited toward the final purchase price: Option 1 Credit: $30,000.00 Option 2 Credit: $25,000.00 2. Monthly Principal Credit Of your $2,300.00 monthly payment, a fixed $300.00 is a direct credit applied to reduce the purchase price. Total Principal Reduction over the 5-year (60 months) term: $300.00 x 60 months =$18,000.00 3. Required Final Payoff The remaining balance at the end of the 5-year term is based on the initial price minus the combined credits (Option Fee + Monthly Principal Credits). The Buyer/Tenant is required to obtain an outside loan or mortgage to pay this balance in full: Option 1 Payoff: $350,000 - ($30,000 + $18,000) = $302,000.00 Option 2 Payoff: $325,000 - ($25,000 + $18,000) = $282,000.00 ________________________________________ Program Conditions Term: 5 Years (60 months). Commitment: This is a Lease-Purchase Agreement; the Tenant is obligated to purchase the property at the end of the term. Financing: Buyer is responsible for securing their own financing/mortgage approval before the end of the 60-month term. Benefits: Enjoy immediate occupancy, lock in your price, and build substantial equity through the monthly principal credit. ________________________________________ Take the Next Step Towards Ownership! Don't miss out on this opportunity to transition from renting to owning. This flexible program is ideal for buyers who need time to prepare their finances or credit score while enjoying the stability of a locked-in purchase price. Rent to own: List Price is $350,000 -$30,000 down payment $325,000- $25,000 down payment $2300.00 Rent for 5 years
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
