521 Smith St, Mishawaka IN 46544

521 Smith St - Mishawaka South Side Home available on our Lease with Option to Buy (Rent to Own) program, available at a substantially reduced price, you do the work and gain a lot of equity

House Sold - Mishawaka IN

Sale Price: $89,900.00  priced $30,000-$40,000+ under Zillow.com or Realtor.com fair market value of $119,800 to $137,500. Cosmetic remodeling is needed; paint, carpet, flooring, and any other things you want to do to make this home suit your taste and your needs. Available as-is at this reduced price and monthly payment if you are willing to do the work. You gain lots of equity. Easy Qualifying, Low Down.

Terms: Lease/Option (Rent to Own) – $3000 to $5000 down and $925.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $5000 down payment at this time. You will also build nice equity in this home with our 50% rent credit toward the purchase of this home in the first year…half of your $925.00 monthly payment ($462.50) 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 to be used at a later date when applying for a mortgage loan to refinance out of 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.

Home Information: 3 Bedroom, 1.5 bath, 1.5 story home that comes with a nice privacy fenced yard, located in a nice, quiet neighborhood on Mishawaka’s Southside, offered at a reduced price and monthly payment. The home has three bedrooms, a bathroom on each level, aluminum siding, a nice enclosed front porch, a nice living room, a dining room, a nice kitchen, a 2 car detached garage, a gas furnace, central air conditioning, and a full basement. Good, solid home in a great neighborhood with much potential for someone able and willing to do the work.

If inquiring about Lease/Option (Rent to own), the following programs are available:  Rent to Own with $5000 down and monthly payments of $925 per month including taxes and insurance.  Down payment assistance programs are available for lease to own buyers with decent qualifications but who may be short the standard down payment of $5000.  You may qualify to put down less ($3000, $3500, $4000, etc.) up front and make small payments on the balance of the down payment each month until the $5000 down required is met or you may do this in combination with using your tax refund that may be available in the coming days/weeks. Call 574-674-0828 Ext 702 or contact us through this website for more information.