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Investment opportunity! NOTE: THIS IS NOT A STANDARD LEASE. Rent this home for three years with the option to buy it at the end of the term. If you decide to buy after the 3 yrs, your rent payments WILL apply toward the mortgage payment schedule. Because this house comes AS-IS and needs some repairs and finish work, it comes with a low purchase option price of $35,000 & very low initial payments of $575/mo, allowing you flexibility to invoke your inner Chip&Joanna Gain to create a great living space & improve the property for your financial benefit. You can break out of the rent cycle! In order to account for the low purchase option price & low payment, the property comes AS-IS with the new resident responsible for existing and future maintenance and repairs (like anyone with a vested interest in a property). PROPERTY DETAILS: 3bdrm/1bath home with carport, covered rear patio, laundry room, mature trees, & spacious yard at only $575/month plus deposit offers the opportunity to rent with option to buy. The home has central air, dishwasher, built-in microwave, efficient gas water heater, gas heat, and updated lighting. Located on a quiet street in the friendly and affordable town of Electra. Enjoy quiet, small town living with convenient commute to Wichita Falls! Priced at less than of Zillow's market estimate for the person willing to put some sweat equity into a property. APPLICANT REQUIREMENTS: $2000 Deposit/Down payment plus 1st-month rent No Eviction History NON-Smoking occupants $2200 minimum income with continuous work history 1 Small Dog OK with $500 deposit & $25/mo pet wear rent Rent with Option to Purchase When you rent, you're paying for someone else's home. If you are serious about buying a home, we can help. We give hard-working people who may have some credit dings a hand-up by providing a lease with option to purchase and the potential for OWNER FINANCING. You can break out of the rent cycle! What's next? 1. Make sure you meet the above qualifications! 2. Drive by the home and see if it's what you are looking for. 3. If this might be the below-market priced home for you, then contact Greg for prequalification and to set up a showing. Our inventory moves quickly, so don't delay. KNOWN PROPERTY RENOVATION NEEDS: Paint/Drywall touch-ups - Closet door repairs/adjustments - Kitchen floor laminate repairs - Replace kitchen faucet - Dishwasher repair - HVAC repair - Possibly roof shingle repairs - Exterior siding repair on rear patio - Door replacement on laundry room - Window lock repairs See description
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