front of house

Take a look at this beautiful 3 bedrooms 2 bath home with 1636 sqft of living space.
A turn key property!
The property was rehabbed recently. Its a 3/2 which could be turned into a 4/2. The home sits on approximately half acre surrounded by Woods on each side and across the street nice paved the road closed to public park newly remodeled ranch style home that’s nestled in a country setting with 3 bedrooms, 2 baths and 1,636 square feet. *Spacious kitchen with Oak cabinets, tile floors and breakfast nook. *Easy flow into the living room with hardwood floors, built-in book shelves and wood burning fireplace. *Great space for entertaining and family gatherings.*Lots of natural light and neutral colors through entire home. *Master bedroom with carpet, ceiling fan and private bath. *Large bedrooms with ceiling fans, Family room with double ceiling fans, carpet and plenty of windows. *Other great features of this home are roof is Split floor plan, Knotty Pine cathedral ceiling and walls in family room 1 month old, A/C 2 years old and only 1 block away from the lake. * Covered back porch that’s perfect for enjoying your morning coffee. *Quiet neighborhood and lots of mature trees. Great investment opportunity or for a growing family. *Easy access to I-75 and close to schools, shopping and restaurants.Very peaceful and quiet neighborhood.

Lease to the own option available.

Facts and Features

  • Address: 12651 Tinley Rd, New Port Richey, FL 34654
  • Purchase Price: $220,000
  • Minimum Down Payment: $10,000
  • Monthly Rent: $1600
  • Type: Single Family

Rent to Own Form

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It means you can rent the property while you build your credit in order to buy the property.

Rent to Own:

Purchase price: $220,000
Minimum Downpayment: $10,000
Rent per month: $1600
Period: 2 years

This means you need to make the down-payment of $10,000 out of the purchase price of $220,000. You can then move into the property and pay a rent of $1600 a month. Anytime within the next 2 years, you can purchase the property by paying the remaining $210,000. You can choose when the purchase happens. It could happen in the first month or the 23rd month. It’s up to you! It usually depends on how long it takes for you to build your credit and get a mortgage.

This would be great news for you! Regardless of how much the value of the property increases, your purchase price will remain the same :)

All the benefits of appreciation go to you. The projected increase in the value of your property is 7% over the next one year alone. This means you are building 7% equity even before you purchase the property.

You are not responsible for taxes and insurance payments while you are renting. The landlord is responsible for them. You only have to pay rent.

Once you purchase the property, you will be responsible for the taxes and insurance.

As the future owner of the property, you will be responsible for the upkeep of the property.

Any amount that you pay above $1600 a month will be credited towards reducing your purchase price.

The property has been rehabbed recently and needs no work. 

2 years.

No. You don’t have to pay any commissions at closing (which are normally thousands of dollars!). You just have to pay the costs towards the closing and the origination of your loan (if you choose to get one).

You will have to restart the process.

Almost everybody. But it’s an excellent fit for somebody who wants to buy a property today but is not able to get a loan. With this option, you can build equity in the property while you improve your credit. You can purchase the property anytime within the next 2 years as soon as you are able to get a loan.

  1. Appreciation is all yours – Regardless of the increase in the price of the property, your purchase price remains fixed. Any appreciation in the value of the property goes to you!
  2. Pride of Home-ownership – You experience the pride of home ownership from the first day even though you haven’t purchased the property.
  3. No tax or insurance payments until you buy – Until you make the purchase, you are not responsible for any taxes or insurance payments.

Rent to own – 25% of down-payment