Rent to Own Mobile Home only located in a mobile home park. Home Value is $52,000. Purchase for $3,000 down payment with the remaining $49,000 financed for 10 years at 12% interest rate. Principle and interest = $700 per month. Lot rent = $500 per month for a total of $1,200 per month. You get the title to the home once it's paid off and then you can move it, sell it, or stay and only pay lot rent. The home is a newly renovated 1986 year 76' singlewide mobile home with 3 bedrooms and 2 bathrooms.
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