59725 County Road 113, Elkhart IN 46517

59725 County Road 113, Elkhart, IN 46517- Lease/Option(Rent to Own), Low Down, 3 bedroom,Concord ranch,priced well under market value. Easy Qualifying and Down Payment Assistance available

House - Elkhart IN

  Sale Price: $104,900.00 Terms: Lease/Option (Rent to Own) – $4000 to $7500 down and only $995.00 per month (includes taxes & insurance, Zillow market rent is $1300 per month).  Remodeling/refurbishing is needed on this property, and it is priced accordingly. This is a great opportunity to buy a home in a great area and build sweat equity with easy qualifying financing available; other similar homes in mint condition nearby sell for $150,000 to $250,000). Down payment assistance programs are available if you do not have the full $7500 down payment at this time. You may put a minimum of $4000 down and pay the balance of the down payment off at $100 per month and/or pay it off with your tax refund either now or next year. You will also build nice equity in this home with our great rent credit program toward the purchase of this home in the first year…$350.00 of your on-time monthly payment is credited toward purchasing this home on our rent-to-own program.  After one year, the monthly rent credit is $150 per month.  This is a great way to save for a down payment toward purchasing this home, which can be used at a later date when applying for a mortgage loan to carry out the purchase of the home and exit the rent-to-own program.  You may take as long as you need to get in a position to qualify for a standard mortgage or FHA mortgage.  There are no deadlines or balloon payments due after 1, 2, or 3 years like most rent-to-own programs available in this area.

Home Information: Ranch style home located in a great neighborhood in the Dunlap Concord area of Elkhart that comes with a nice sized lot. The home has 3 bedrooms, an attached one-car garage, a storage shed, a gas water heater, a gas furnace, vinyl replacement windows, and vinyl siding. This home has tons of potential yet is very affordable and is located in a great area that is conveniently located near schools, parks, and shopping. Remodeling and refurbishing is needed and presents an excellent opportunity for the right person. You could purchase a home way under fair market value with easy-to-qualify financing and a small down payment, and then update the home to your tastes and raise the value substantially with those updates.

To Purchase This Home: If inquiring about Lease/Option(Rent to Own), the following programs are available:  Lease to Own with $7500 down and monthly payments of $995 per month, including taxes and insurance.  Some down payment assistance programs are available for lease-to-own/rent-to-own buyers with decent qualifications but who may be short the standard down payment of $7500.  You may qualify to put down less ($4000, $4500, $5000, etc.) up front and make small payments on the balance of the down payment each month until the $7500 down required is met, and/or you may use your tax refund that may be available this year or next year.  Feel free to contact us for more information.

Also, Land Contract financing is available with $15,500 down and monthly payments of approximately $920.00 per month, including taxes and insurance.  This is available for qualified buyers only.