TOUR NOW! Make this 3 bedroom, 1.5 bath home yours today with our Rent-to-Own program. Why rent when you can own? Truesdale Properties can help you achieve your dream of homeownership. The home features hardwood floors, updated windows, covered parking and HUGE fenced yard (0.5 acres). The back yard stretches on for days, shaded by mature trees and offers 2 building for additional storage. This property is a lease with Option to purchase. How it works: By making an investment in your future, the Option to Purchase gives our partners the opportunity to secure the rights to buy their home, secure a fixed purchase price for a 5-year term and unlock the earning potential of their rent. A portion of the monthly rent is credited to the purchase of the home. In addition to financial upside, our program offers peace of mind, not having to worry when your home will be sold with little notice. Lastly, this investment opens the door to reap the gains of increased property value through market appreciation and general maintenance and upkeep. (Example Scenario- 123 Bambi Blvd.) Purchase Option Price: $250,000 Option Deposit: $ 8,000 Move-in day remaining balance: $242,000 Monthly Rent of $1600 + monthly credit to purchase $ 175 x5 years (60 months x $175) $ 10,500 Remaining Balance @ Purchase: $231,500 ** $18,500 of equity * Additional Equity can be captured when the property value exceeds the agreed purchase price. (Ex. If property is valued at $265,000 while being purchased at $250,000, the additional $15,000 of equity goes the purchaser) ** In this example the purchaser has $33,500 worth of equity at time of purchase. APPLICATION PROCESS Through ZILLOW: - Review Credit history -Credit score of 550 or greater. - Income Confirmation - Gross household income 3x of rent. Must provide documentation. - Background History - including criminal and rental history. -
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.
