Property Id: 2576527
PLEASE READ TERMS BEFORE INQUIRING
RENT TO OWN OPPORTUNITY
This is a rent-to-own opportunity for someone who can afford the monthly payment but may need time to qualify through traditional bank financing.
Basic Terms:
$8,000 down payment
$1,600/month
3-year term
Purchase price: $199,000
Balloon payoff/refinance due at the end of Year 3
How the program works:
Year 1: Lease phase
Year 2: $200/month credited toward purchase
Year 3: Buyer refinances or pays off the remaining balance
The home was recently professionally appraised at $165,000 in today’s market. Appraisal available upon request.
The purchase price reflects the appraised value, expected appreciation over the next few years, and the flexibility of being able to move in now and work toward ownership without needing traditional bank approval upfront.
This setup is designed to give the right buyer time to improve credit, income history, or other lending qualifications before refinancing. Lender and credit repair resources may be available to help prepare for the refinance process.
Buyer is responsible for:
Utilities
General maintenance/upkeep
Homeowner’s insurance
Keeping the property in good condition
Pets are allowed but must be disclosed and approved.
To be considered, you must have:
Verifiable income
Stable employment/income history
Down payment funds available
Ability to complete an application/background review
Willingness to complete a soft lender review to confirm a realistic refinance path
Property Description:
Newly remodeled 3 bedroom, 1 bathroom home located on Pittsburgh Ave in Wooster.
This home sits on a large yard and has been extensively updated, making it move-in ready while still offering plenty of outdoor space to enjoy.
Recent Updates Include:
New Central Air
Updated Kitchen
Updated Bathroom
New Flooring
Updated Electric
Licensed real estate broker/owner has an ownership interest in the property.