Hows This Lease Option?
1650/MO LEASE PAYMENT
10,0000 DOWN(deposit)
250/MO Credit given off purchase price of 260.000 in a year.
House is valued at 237,000 now I ADDED 23000 appreciation is this hot market %10 is normal
can buy for 25700 end of year one, i must return ( hold in escrow10000) so buyer can use as downpayment.
OPTON RENEWS year 2 rent goes up 100/mo rental credit goes up 150/mo to 400/mo this price frezzes at 260,ooo
renwes year 3 rent goes up 100 rental credit goes up to 600/mo price is still 260000
year 4 if renewed price goes up to fairmarket value plus 6% last year possible to renew. rent goes up 100/mo 700/mo rent credit given
well what you all think?
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