Beautiful 4 Bedroom , 2 bath home just outside of Mancelona.
Located in a quiet country side with a privet back yard.
45 min from Traverse City , 25 min from Gaylord.
Tenants must have a stable income.
Some pets are allowed with a pet fee.
The house is currently occupied , current tenants lease ends on 6/30/2020
Rent to own:
We’re interested in renting this home to someone who would like to purchase it in 2 to 5 years.
We will take a portion of your rent money and apply it to your down payment.
A normal lease agreement is also available:
Estimated Property land is about 0.4 acres
the purchase price is: $99,000
The down payment is:
$2500 for the option to buy. Credited towards the purchase price.
$1200$ security deposit
$1180 first month rent
Total: $4880
At that point, you will have the legal right to purchase the home for $99,000, within 2-5 years of moving in. All of the paperwork will be drawn up before you move in.
The agreement would guarantee no one else can purchase the home except you if the contract is followed. We will put $100 away from your rent each month, to assist you with the purchase of the home. We know that most people have a difficult time putting together a down payment, so this program we’re offering will assist you to overcome that problem.
based on tenant performance, we can switch to a land contract with owner financing at the end of the rent period.
