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Spacious Home with Unobstructed View

Top South Slope area with unobstructed water/river view, this 54x177ft lot is full of potential, the house is livable for rent and build later for your dream home.

Rent-to-Own from:
$50,000 down and $5,600/mo

Choose your payment scenario:

         

  Year 1Year 2Year 3Year 4Year 5
Annual Option Fee 50,0002,5002,5002,5002,500
Monthly Payment 5,6005,6805,7605,8405,930
Purchase Price 2,081,0002,155,6002,233,5402,314,9602,400,000
Accumulated Down Payment
Down Payment (%)
86,000
4.13%
124,500
5.78%
163,000
7.30%
201,500
8.70%
240,000
10.00%

Based on the initial option consideration and monthly budget, the tenant would accumulate up to $240,000.00 (10.00%) down payment at the end of 5 years. Lease is based on a 1-year term with up to 4 renewable annual terms. Tenant has the option to purchase the home at anytime within 5 years without penalty. Change your Initial Option Consideration and/or Monthly Payment and re-calculate to view different results.

NOTE: The information shown above is based on year-end results. Fixed appreciation is factored into the price after the first year and it will be pro-rated according to the month that the Option is exercised. Total Extra Savings shown above is based on incentives offered by the property owner for all monthly payments made on time, and includes discounts and/or matching credits.



Month

Purchase
Due Date

Option Price

Rent Credit

Final Price

Option Credit

Matching
Credit

Total DP

%
1 Oct 20, 2017 2,090,000 750 2,089,250 53,000 0 53,000 2.54%
2 Nov 20, 2017 2,090,000 1,500 2,088,500 56,000 0 56,000 2.68%
3 Dec 20, 2017 2,090,000 2,250 2,087,750 59,000 0 59,000 2.83%
4 Jan 20, 2018 2,090,000 3,000 2,087,000 62,000 0 62,000 2.97%
5 Feb 20, 2018 2,090,000 3,750 2,086,250 65,000 0 65,000 3.12%
6 Mar 20, 2018 2,090,000 4,500 2,085,500 68,000 0 68,000 3.26%
7 Apr 20, 2018 2,090,000 5,250 2,084,750 71,000 0 71,000 3.41%
8 May 20, 2018 2,090,000 6,000 2,084,000 74,000 0 74,000 3.55%
9 Jun 20, 2018 2,090,000 6,750 2,083,250 77,000 0 77,000 3.70%
10 Jul 20, 2018 2,090,000 7,500 2,082,500 80,000 0 80,000 3.84%
11 Aug 20, 2018 2,090,000 8,250 2,081,750 83,000 0 83,000 3.99%
12 Sep 20, 2018 2,090,000 9,000 2,081,000 86,000 0 86,000 4.13%


Month

Purchase
Due Date

Option Price

Rent Credit

Final Price

Option Credit

Matching
Credit

Total DP

%
13 Oct 20, 2018 2,096,967 9,750 2,087,217 91,500 0 91,500 4.38%
14 Nov 20, 2018 2,103,933 10,500 2,093,433 94,500 0 94,500 4.51%
15 Dec 20, 2018 2,110,900 11,250 2,099,650 97,500 0 97,500 4.64%
16 Jan 20, 2019 2,117,867 12,000 2,105,867 100,500 0 100,500 4.77%
17 Feb 20, 2019 2,124,833 12,750 2,112,083 103,500 0 103,500 4.90%
18 Mar 20, 2019 2,131,800 13,500 2,118,300 106,500 0 106,500 5.03%
19 Apr 20, 2019 2,138,767 14,250 2,124,517 109,500 0 109,500 5.15%
20 May 20, 2019 2,145,733 15,000 2,130,733 112,500 0 112,500 5.28%
21 Jun 20, 2019 2,152,700 15,750 2,136,950 115,500 0 115,500 5.40%
22 Jul 20, 2019 2,159,667 16,500 2,143,167 118,500 0 118,500 5.53%
23 Aug 20, 2019 2,166,633 17,250 2,149,383 121,500 0 121,500 5.65%
24 Sep 20, 2019 2,173,600 18,000 2,155,600 124,500 0 124,500 5.78%


Month

Purchase
Due Date

Option Price

Rent Credit

Final Price

Option Credit

Matching
Credit

Total DP

%
25 Oct 20, 2019 2,180,845 18,750 2,162,095 130,000 0 130,000 6.01%
26 Nov 20, 2019 2,188,090 19,500 2,168,590 133,000 0 133,000 6.13%
27 Dec 20, 2019 2,195,335 20,250 2,175,085 136,000 0 136,000 6.25%
28 Jan 20, 2020 2,202,580 21,000 2,181,580 139,000 0 139,000 6.37%
29 Feb 20, 2020 2,209,825 21,750 2,188,075 142,000 0 142,000 6.49%
30 Mar 20, 2020 2,217,070 22,500 2,194,570 145,000 0 145,000 6.61%
31 Apr 20, 2020 2,224,315 23,250 2,201,065 148,000 0 148,000 6.72%
32 May 20, 2020 2,231,560 24,000 2,207,560 151,000 0 151,000 6.84%
33 Jun 20, 2020 2,238,805 24,750 2,214,055 154,000 0 154,000 6.96%
34 Jul 20, 2020 2,246,050 25,500 2,220,550 157,000 0 157,000 7.07%
35 Aug 20, 2020 2,253,295 26,250 2,227,045 160,000 0 160,000 7.18%
36 Sep 20, 2020 2,260,540 27,000 2,233,540 163,000 0 163,000 7.30%


Month

Purchase
Due Date

Option Price

Rent Credit

Final Price

Option Credit

Matching
Credit

Total DP

%
37 Oct 20, 2020 2,268,075 27,750 2,240,325 168,500 0 168,500 7.52%
38 Nov 20, 2020 2,275,610 28,500 2,247,110 171,500 0 171,500 7.63%
39 Dec 20, 2020 2,283,145 29,250 2,253,895 174,500 0 174,500 7.74%
40 Jan 20, 2021 2,290,680 30,000 2,260,680 177,500 0 177,500 7.85%
41 Feb 20, 2021 2,298,215 30,750 2,267,465 180,500 0 180,500 7.96%
42 Mar 20, 2021 2,305,750 31,500 2,274,250 183,500 0 183,500 8.07%
43 Apr 20, 2021 2,313,285 32,250 2,281,035 186,500 0 186,500 8.18%
44 May 20, 2021 2,320,820 33,000 2,287,820 189,500 0 189,500 8.28%
45 Jun 20, 2021 2,328,355 33,750 2,294,605 192,500 0 192,500 8.39%
46 Jul 20, 2021 2,335,890 34,500 2,301,390 195,500 0 195,500 8.49%
47 Aug 20, 2021 2,343,425 35,250 2,308,175 198,500 0 198,500 8.60%
48 Sep 20, 2021 2,350,960 36,000 2,314,960 201,500 0 201,500 8.70%


Month

Purchase
Due Date

Option Price

Rent Credit

Final Price

Option Credit

Matching
Credit

Total DP

%
49 Oct 20, 2021 2,358,797 36,750 2,322,047 207,000 0 207,000 8.91%
50 Nov 20, 2021 2,366,633 37,500 2,329,133 210,000 0 210,000 9.02%
51 Dec 20, 2021 2,374,470 38,250 2,336,220 213,000 0 213,000 9.12%
52 Jan 20, 2022 2,382,307 39,000 2,343,307 216,000 0 216,000 9.22%
53 Feb 20, 2022 2,390,143 39,750 2,350,393 219,000 0 219,000 9.32%
54 Mar 20, 2022 2,397,980 40,500 2,357,480 222,000 0 222,000 9.42%
55 Apr 20, 2022 2,405,817 41,250 2,364,567 225,000 0 225,000 9.52%
56 May 20, 2022 2,413,653 42,000 2,371,653 228,000 0 228,000 9.61%
57 Jun 20, 2022 2,421,490 42,750 2,378,740 231,000 0 231,000 9.71%
58 Jul 20, 2022 2,429,327 43,500 2,385,827 234,000 0 234,000 9.81%
59 Aug 20, 2022 2,437,163 44,250 2,392,913 237,000 0 237,000 9.90%
60 Sep 20, 2022 2,445,000 45,000 2,400,000 240,000 0 240,000 10.00%