Looks like Newly Remodelled 2 BR Home is no longer available on Rent.com which means this information is likely out of date.
Lease Purchase Remodeled home
This house is Completely Remodeled inside and out. Here's what's been upgraded.
New Vinyl Siding, Shutters, New Electric Service, New Central Heat & Air, New Roof, Insulation throughout, Blown-In Insulation in the attic, New Cabinets, Countertops, Garbage Disposal, Hardwood Flooring, New Floor Joists and Sub Floor, Frieze Carpet, New Bathtub, Vanity and Sink, new vinyl flooring in bathroom. Includes Stove and Refrigerator.
1st Bedroom 12 x 10.5
2nd Bedroom 11 x 8
Living Room 14.8 x 12
Bathroom 11 x 5.5
Kitchen 11 x 11.3 Washer Dryer Hookup in Kitchen
Lease with Option to Purchase basically works like this:
You put a down payment of $1500 to $3000, and the rent is between $535 and $595 per month, depending on your amount down. Here's the best part...ALL rent payments apply to the purchase price of the house! After the first 12 months you will have the option to buy the house for the purchase price of $74,995.00, (price is locked in for 2 years) at 12 months we give you back $8900.00 to credit to your down payment! In other words, ALL your payments are applied to the down payment at the time you close on your mortgage. You will have up to two years locked in at this price. You can then refinance the balance thru a mortgage company. By that time, you should have enough equity and payment history (provided you have made all the payments on time) that you should be able to get financed thru a traditional mortgage for the balance.
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