WOW! Rare Vacancy - RENT TO OWN - 3 br/1.5 bath Brick Home by Lake Erie - OPEN HOUSE SATURDAY, Sept 01 @12-1PM - OPEN HOUSE SATURDAY SEPT.01, 2018 between 12-1PM We are pleased to offer 19360 Newton St. Euclid OH 44119, an attractive 3 bedroom/1.5 bath brick home with an attached one car garage. Since we have an underlying loan that must be paid off in 3 years, the property is offered as a Rent to Own (or an outright purchase) and NOT as a regular rental. Two Options to Purchase the House: OPTION 1: $1500 Down Payment, $875 per month - A 3 YEAR LEASE WITH AN OPTION TO BUY 1. Purchase price is $69,000. 2. $1500 Option Consideration Fee INSTEAD of a Security Deposit. It is fully credited towards the purchase price when you actually buy the property, but like a car purchase, non refundable if you walk away from the deal. 3. Rent the House for 3 Years at $875 per month. 4. If you pay your rents on time and purchase the property before the expiration of your 36 month lease, you will receive a $3000 seller concession which can be used towards the purchase price, the down payment, or for any future upgrades you may be wish to implement. 5. Pets: One dog (less than 45 lbs) OR one cat will be allowed. Pet security deposit: $200 - refunded upon purchase of property. Pet rental amount: $50 per month. OPTION 2: AN OUTRIGHT PURCHASE FOR $64,000. If you have good credit and stable income, then consider this option as banks will stretch payments over 30 years at a low interest rate. As an example, a $60,000 Loan at 5% over 30 years results in a monthly paymentS of $322. Add taxes and insurance, and the total housing costs for YOUR PROPERTY should be under $575. Requirements; All applicants over 18 years must complete a $30 Credit, Criminal and Eviction Screening. If the first person in a couple gets approved, then we will cover the cost of the second $30 application. Tenancy decision will be based on a combination of the following criteria: 1. A minimum of 2.5 times verifiable household income compared to the property's rent. 2. Most emphasis will be on your credit and criminal history which includes timely payments, delinquencies, number of collections, past judgments, no evictions in the last 5 years, bankruptcies, types of felonies (if any) and their severity. 3. A minimum of a 550 credit score for an applicant or for a co-signer. 4. Please No Section 8. If you viewed the property in person and wanted to reserve it, a $200 Reservation Fee for 48 hours (fully credited toward the first monthly payment) will be due. QUESTIONS? please email us by clicking the link at the top of the page. We reply to inquiries and concerns IN WRITING ONLY as we want to be as fair and consistent to all prospective residents. SE HABLA ESPANOL. (RLNE4341593)
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.
