Lovely, 2-Apartment Home in Paradise!

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No credit or poor credit?  Can't get a mortgage but looking for your own home?  Go from renter to landlord in 1 easy step. 

 

We are offering this 7 year old house in Paradise as a rent to own until you get bankable and then you can buy us out with what remains owing.  Details are:

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• Appraised at $270,000

• New construction in 2012

• Large lot, 200 ft deep

• Registered 2 apartment with its own meter

• Comes with all appliances (including for the apartment)

• Laminate and cushion floors throughout (no carpets)

• Large rear deck with wheelchair ramp.

• Full height undeveloped basement with its own entrance

• 10’x12’ Shed

• Apartment also has it’s own basement (lots of storage)

• Apartment is rented for $750/mo POU

 

Basic RTO payment is $1,437/mo*  (based on 5.44% with 30 year amortization). With a rental income of $750 your share is only $687/mo!

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*As with a bank financed purchase POU, property taxes, insurance, lenders default protection, and maintenance are extra.

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We look for a 5% down-payment but depending on your situation we may have other options available.

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For more information call Alfred at 749-5202 or submit your online application to check if you pre-qualify.

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