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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 Feb 19, 2018 2,090,000 750 2,089,250 53,000 0 53,000 2.54%
2 Mar 19, 2018 2,090,000 1,500 2,088,500 56,000 0 56,000 2.68%
3 Apr 19, 2018 2,090,000 2,250 2,087,750 59,000 0 59,000 2.83%
4 May 19, 2018 2,090,000 3,000 2,087,000 62,000 0 62,000 2.97%
5 Jun 19, 2018 2,090,000 3,750 2,086,250 65,000 0 65,000 3.12%
6 Jul 19, 2018 2,090,000 4,500 2,085,500 68,000 0 68,000 3.26%
7 Aug 19, 2018 2,090,000 5,250 2,084,750 71,000 0 71,000 3.41%
8 Sep 19, 2018 2,090,000 6,000 2,084,000 74,000 0 74,000 3.55%
9 Oct 19, 2018 2,090,000 6,750 2,083,250 77,000 0 77,000 3.70%
10 Nov 19, 2018 2,090,000 7,500 2,082,500 80,000 0 80,000 3.84%
11 Dec 19, 2018 2,090,000 8,250 2,081,750 83,000 0 83,000 3.99%
12 Jan 19, 2019 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 Feb 19, 2019 2,096,967 9,750 2,087,217 91,500 0 91,500 4.38%
14 Mar 19, 2019 2,103,933 10,500 2,093,433 94,500 0 94,500 4.51%
15 Apr 19, 2019 2,110,900 11,250 2,099,650 97,500 0 97,500 4.64%
16 May 19, 2019 2,117,867 12,000 2,105,867 100,500 0 100,500 4.77%
17 Jun 19, 2019 2,124,833 12,750 2,112,083 103,500 0 103,500 4.90%
18 Jul 19, 2019 2,131,800 13,500 2,118,300 106,500 0 106,500 5.03%
19 Aug 19, 2019 2,138,767 14,250 2,124,517 109,500 0 109,500 5.15%
20 Sep 19, 2019 2,145,733 15,000 2,130,733 112,500 0 112,500 5.28%
21 Oct 19, 2019 2,152,700 15,750 2,136,950 115,500 0 115,500 5.40%
22 Nov 19, 2019 2,159,667 16,500 2,143,167 118,500 0 118,500 5.53%
23 Dec 19, 2019 2,166,633 17,250 2,149,383 121,500 0 121,500 5.65%
24 Jan 19, 2020 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 Feb 19, 2020 2,180,845 18,750 2,162,095 130,000 0 130,000 6.01%
26 Mar 19, 2020 2,188,090 19,500 2,168,590 133,000 0 133,000 6.13%
27 Apr 19, 2020 2,195,335 20,250 2,175,085 136,000 0 136,000 6.25%
28 May 19, 2020 2,202,580 21,000 2,181,580 139,000 0 139,000 6.37%
29 Jun 19, 2020 2,209,825 21,750 2,188,075 142,000 0 142,000 6.49%
30 Jul 19, 2020 2,217,070 22,500 2,194,570 145,000 0 145,000 6.61%
31 Aug 19, 2020 2,224,315 23,250 2,201,065 148,000 0 148,000 6.72%
32 Sep 19, 2020 2,231,560 24,000 2,207,560 151,000 0 151,000 6.84%
33 Oct 19, 2020 2,238,805 24,750 2,214,055 154,000 0 154,000 6.96%
34 Nov 19, 2020 2,246,050 25,500 2,220,550 157,000 0 157,000 7.07%
35 Dec 19, 2020 2,253,295 26,250 2,227,045 160,000 0 160,000 7.18%
36 Jan 19, 2021 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 Feb 19, 2021 2,268,075 27,750 2,240,325 168,500 0 168,500 7.52%
38 Mar 19, 2021 2,275,610 28,500 2,247,110 171,500 0 171,500 7.63%
39 Apr 19, 2021 2,283,145 29,250 2,253,895 174,500 0 174,500 7.74%
40 May 19, 2021 2,290,680 30,000 2,260,680 177,500 0 177,500 7.85%
41 Jun 19, 2021 2,298,215 30,750 2,267,465 180,500 0 180,500 7.96%
42 Jul 19, 2021 2,305,750 31,500 2,274,250 183,500 0 183,500 8.07%
43 Aug 19, 2021 2,313,285 32,250 2,281,035 186,500 0 186,500 8.18%
44 Sep 19, 2021 2,320,820 33,000 2,287,820 189,500 0 189,500 8.28%
45 Oct 19, 2021 2,328,355 33,750 2,294,605 192,500 0 192,500 8.39%
46 Nov 19, 2021 2,335,890 34,500 2,301,390 195,500 0 195,500 8.49%
47 Dec 19, 2021 2,343,425 35,250 2,308,175 198,500 0 198,500 8.60%
48 Jan 19, 2022 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 Feb 19, 2022 2,358,797 36,750 2,322,047 207,000 0 207,000 8.91%
50 Mar 19, 2022 2,366,633 37,500 2,329,133 210,000 0 210,000 9.02%
51 Apr 19, 2022 2,374,470 38,250 2,336,220 213,000 0 213,000 9.12%
52 May 19, 2022 2,382,307 39,000 2,343,307 216,000 0 216,000 9.22%
53 Jun 19, 2022 2,390,143 39,750 2,350,393 219,000 0 219,000 9.32%
54 Jul 19, 2022 2,397,980 40,500 2,357,480 222,000 0 222,000 9.42%
55 Aug 19, 2022 2,405,817 41,250 2,364,567 225,000 0 225,000 9.52%
56 Sep 19, 2022 2,413,653 42,000 2,371,653 228,000 0 228,000 9.61%
57 Oct 19, 2022 2,421,490 42,750 2,378,740 231,000 0 231,000 9.71%
58 Nov 19, 2022 2,429,327 43,500 2,385,827 234,000 0 234,000 9.81%
59 Dec 19, 2022 2,437,163 44,250 2,392,913 237,000 0 237,000 9.90%
60 Jan 19, 2023 2,445,000 45,000 2,400,000 240,000 0 240,000 10.00%