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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 Nov 16, 2017 2,090,000 750 2,089,250 53,000 0 53,000 2.54%
2 Dec 16, 2017 2,090,000 1,500 2,088,500 56,000 0 56,000 2.68%
3 Jan 16, 2018 2,090,000 2,250 2,087,750 59,000 0 59,000 2.83%
4 Feb 16, 2018 2,090,000 3,000 2,087,000 62,000 0 62,000 2.97%
5 Mar 16, 2018 2,090,000 3,750 2,086,250 65,000 0 65,000 3.12%
6 Apr 16, 2018 2,090,000 4,500 2,085,500 68,000 0 68,000 3.26%
7 May 16, 2018 2,090,000 5,250 2,084,750 71,000 0 71,000 3.41%
8 Jun 16, 2018 2,090,000 6,000 2,084,000 74,000 0 74,000 3.55%
9 Jul 16, 2018 2,090,000 6,750 2,083,250 77,000 0 77,000 3.70%
10 Aug 16, 2018 2,090,000 7,500 2,082,500 80,000 0 80,000 3.84%
11 Sep 16, 2018 2,090,000 8,250 2,081,750 83,000 0 83,000 3.99%
12 Oct 16, 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 Nov 16, 2018 2,096,967 9,750 2,087,217 91,500 0 91,500 4.38%
14 Dec 16, 2018 2,103,933 10,500 2,093,433 94,500 0 94,500 4.51%
15 Jan 16, 2019 2,110,900 11,250 2,099,650 97,500 0 97,500 4.64%
16 Feb 16, 2019 2,117,867 12,000 2,105,867 100,500 0 100,500 4.77%
17 Mar 16, 2019 2,124,833 12,750 2,112,083 103,500 0 103,500 4.90%
18 Apr 16, 2019 2,131,800 13,500 2,118,300 106,500 0 106,500 5.03%
19 May 16, 2019 2,138,767 14,250 2,124,517 109,500 0 109,500 5.15%
20 Jun 16, 2019 2,145,733 15,000 2,130,733 112,500 0 112,500 5.28%
21 Jul 16, 2019 2,152,700 15,750 2,136,950 115,500 0 115,500 5.40%
22 Aug 16, 2019 2,159,667 16,500 2,143,167 118,500 0 118,500 5.53%
23 Sep 16, 2019 2,166,633 17,250 2,149,383 121,500 0 121,500 5.65%
24 Oct 16, 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 Nov 16, 2019 2,180,845 18,750 2,162,095 130,000 0 130,000 6.01%
26 Dec 16, 2019 2,188,090 19,500 2,168,590 133,000 0 133,000 6.13%
27 Jan 16, 2020 2,195,335 20,250 2,175,085 136,000 0 136,000 6.25%
28 Feb 16, 2020 2,202,580 21,000 2,181,580 139,000 0 139,000 6.37%
29 Mar 16, 2020 2,209,825 21,750 2,188,075 142,000 0 142,000 6.49%
30 Apr 16, 2020 2,217,070 22,500 2,194,570 145,000 0 145,000 6.61%
31 May 16, 2020 2,224,315 23,250 2,201,065 148,000 0 148,000 6.72%
32 Jun 16, 2020 2,231,560 24,000 2,207,560 151,000 0 151,000 6.84%
33 Jul 16, 2020 2,238,805 24,750 2,214,055 154,000 0 154,000 6.96%
34 Aug 16, 2020 2,246,050 25,500 2,220,550 157,000 0 157,000 7.07%
35 Sep 16, 2020 2,253,295 26,250 2,227,045 160,000 0 160,000 7.18%
36 Oct 16, 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 Nov 16, 2020 2,268,075 27,750 2,240,325 168,500 0 168,500 7.52%
38 Dec 16, 2020 2,275,610 28,500 2,247,110 171,500 0 171,500 7.63%
39 Jan 16, 2021 2,283,145 29,250 2,253,895 174,500 0 174,500 7.74%
40 Feb 16, 2021 2,290,680 30,000 2,260,680 177,500 0 177,500 7.85%
41 Mar 16, 2021 2,298,215 30,750 2,267,465 180,500 0 180,500 7.96%
42 Apr 16, 2021 2,305,750 31,500 2,274,250 183,500 0 183,500 8.07%
43 May 16, 2021 2,313,285 32,250 2,281,035 186,500 0 186,500 8.18%
44 Jun 16, 2021 2,320,820 33,000 2,287,820 189,500 0 189,500 8.28%
45 Jul 16, 2021 2,328,355 33,750 2,294,605 192,500 0 192,500 8.39%
46 Aug 16, 2021 2,335,890 34,500 2,301,390 195,500 0 195,500 8.49%
47 Sep 16, 2021 2,343,425 35,250 2,308,175 198,500 0 198,500 8.60%
48 Oct 16, 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 Nov 16, 2021 2,358,797 36,750 2,322,047 207,000 0 207,000 8.91%
50 Dec 16, 2021 2,366,633 37,500 2,329,133 210,000 0 210,000 9.02%
51 Jan 16, 2022 2,374,470 38,250 2,336,220 213,000 0 213,000 9.12%
52 Feb 16, 2022 2,382,307 39,000 2,343,307 216,000 0 216,000 9.22%
53 Mar 16, 2022 2,390,143 39,750 2,350,393 219,000 0 219,000 9.32%
54 Apr 16, 2022 2,397,980 40,500 2,357,480 222,000 0 222,000 9.42%
55 May 16, 2022 2,405,817 41,250 2,364,567 225,000 0 225,000 9.52%
56 Jun 16, 2022 2,413,653 42,000 2,371,653 228,000 0 228,000 9.61%
57 Jul 16, 2022 2,421,490 42,750 2,378,740 231,000 0 231,000 9.71%
58 Aug 16, 2022 2,429,327 43,500 2,385,827 234,000 0 234,000 9.81%
59 Sep 16, 2022 2,437,163 44,250 2,392,913 237,000 0 237,000 9.90%
60 Oct 16, 2022 2,445,000 45,000 2,400,000 240,000 0 240,000 10.00%