• Asking Price See Price
  • Estimated Value: $377,464

  • 3 Beds 2 Baths 1,702 SqFt
  • Single Family Home / Rent To Own

Property Details for SALAMANCA St, DAVENPORT, FL 33837




Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

FOR SALE BY OWNER $235,500 -- OR -- RENT TO OWN (LEASE OPTION) $20,000 DOWN PAYMENT. $1750/MO RENT FOR A PRESCRIBED PERIOD UNTIL YOUR CREDIT ALLOWS PURCHASE.Synopsis: in consideration of the payment of a $20,000 non-refundable option payment (down payment), and a monthly lease payment of $1750, the parties hereto agree as follows:1.Optionor grants unto Optionee, the right to purchase (Option) the interest of Optionor in and to the Property at a purchase price of $ 255,000 (or TBD). No portion of the rental payments as required in the accompanying Lease Agreement shall be a credit against the purchase price. However, the option payment WILL be applied to the purchase price if this option is exercised. The Option shall continue until the expiration of the initial term, or until a breach occurs under the Lease Agreement, or, the Optionee defaults under the Lease Agreement. If agreed to by both parties, an extension may be granted beyond the initial term of such Lease Agreement.For more information please call 863 797-4956 and leave a message.

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