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Special Deal: Buy, Hold for 3 Years and sell – 1 tenant (lease to buy option) [Code 2351]

Posted by Powered by Simply Do It on November 13, 2021
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This is a unique situation

We have a lease-to-buy person who needs 3 years to be ready to buy the house back from you, the investor-owner.

The person who wants to buy the house in 3 years is a family member of our local agent.

 

MORE info, analysis and photos – http://reistart.com/iRZwd

The plan is

  • You buy this house (asking is 390k but we believe it can be bought for $350k)
  • A tenant would pay $10,000 in option fee
    • Lease option fees are typically non-refundable if they don’t exercise the option the owner would have the prerogative to extend it or not
  • Rent it for $2500/mo for 3 years
  • Buy the house back for $50,000 more ($400,000)
  • The tenant would take care of maintenance

 

Benefits/Who Should Consider it

  • An investor who is looking for a “shorter” term position – ie sell w/in 3 years 
  • This type of lease-to-buy reduces the chances of tenant turnover, a property manager may not be required, no leasing fee – this is an opportunity to have a less “noise” 
  • We are exploring w/ the lease-tenant about payment of the HOA fee – this means it is likely the owner will have an additional $342/mo in cashflow!!
  • Projected annual cashflow is $5100 – $9400 (based on the HOA)

 

The House

  • A similar (250 sq ft smaller) house in the community is listed for $430k (on the market for ~35 days)
  • It is 2 bedrooms + a loft on a cul-de-sac surrounded by trees and beautiful landscaping
  • The finished lower level has a rec area, office, full bathroom, storage, and laundry room.
  • HOA amenities include a pond with fountain, clubhouse, tennis court & pool.
  • HOA includes landscaping, including gutter cleaning and more

 

Guarantees

  • Like any other lease or investment, there is always the chance the tenant won't exercise the option

 

What's next?
 
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

 

MORE info, analysis and photos – http://reistart.com/iRZwd


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Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. code 915

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