HOT ANDROMEDA LOMPOC, CA 93436

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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.

Don't wait. You can buy this or rent starting July1, 2023. Best deal for the Sgft money and possibly available as early as July 1st, 2023 (currently leased)! You could be building equity with rentals or move in July 2023! Home has been rented straight for 15 years with average rent increase of 3% a year! Home is 4 BR (with additional 1st floor BR/office (this was upgrade) with 3.5 Bath, with many upgrades! Combined approx 3200 sqft. Few houses this large in the area. Use of common areas (Pool, Trails, Park and Common Functions Bldg (with low associations dues _$151 included with rent). 10 mins from base and golf course. Plenty of entertainment space!!!!!!!! Two car garage, central vac, wired for computer/cable, all appliances, butlers pantry, office/downstairs bedroom, built-in buffet in dining room, landscaped backyard, huge master bedroom and bath, second bedroom with own bath, washer and dryer room with sink. Nearby trails for hiking or walking with family. Current $3250month rent ($3300 2nd year on). This has an built in allocation included for $200/Mo first year ($150/Mo each year thereafter) includes tenant desired upgrades, lawn and sprinkler maintenance, association benefits and repair supplement. This monthly supplement amount is held in escrow as needed non-refundable. Optional Sell by Owner purchase option is $694,999. Optional, lease to own is 15 year $300,000 down, $394,999 principal, approx. 2500 month PI at (2.5%) with approx $1550 toward principal. Most square footage and options in the area for the price! Total PITI plus association fee of $151 (tax and Insurance) is approx. $3750 month. Lease to own would have you paying toward principal monthly paying off more than $18,000 a year and building equity! Cash sale or similar terms considered. These are approximate and may be less or more! If you have questions, call Linda/Bill 603-630-7412 or email horsemenb4@aol.com landscaped. Many wonderful upgrades.

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