Iowa City,, IA 52240

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Description

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.

20.42 acres, m/l, located 5 miles southeast of Iowa City, Iowa along Highway 6. This level to gently rolling farm has an estimated 19.08 acres currently in production with a CSR2 of 91.00. This property includes income from a cell tower lease that pays approximately $7,640.00 per year with a 2% increase per year. The current lease if for 25 years with an option for an additional 15 years. Contact agent for lease agreement.