110 Warren St Rental

Property Id: 1663329 Are you tired of renting and want to own a home, but don't quite qualify for a traditional mortgage? We have the solution! This 3bed/1bath home has been recently remodeled and we are offering it rent-to-own with a portion of your rent going towards the down payment on a future purchase. Minimum income requirement of $6,000/mo. Credit doesn't matter! Here's how it works... -The tenant pays an upfront option fee ($7,350) to secure the right to buy the property at a set price within a specific timeframe during the lease period. -The tenant pays a higher monthly rent than standard ($2,000/mo), a portion of which ($400/mo) goes toward the down payment. -The lease term is usually two to three years. -The purchase price is agreed upon at lease signing ($245,000 for a 2yr lease option OR $255,000 for a 3yr option). -The tenant is responsible for routine maintenance and repairs. -At the end of the lease, the tenant can choose to buy the property at the agreed-upon price or extend.