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**SOLD**
707 Rugby - LaVergne
1250 SF
3 Bedrooms
2 Baths
Fireplace
Freshly Painted
New Shades
Dishwasher
New Carpet
New Linoleum
Stove
Storage Shed
Fenced in Backyard
Rent is $925 month
Option fee $2,900
For more information call:
578-6125 or 631-2069
There is a $50.00 application fee per person
Lease/Purchase
The lease purchase option allows the buyer the opportunity to purchase this home in 2 years while you earn equity each month.
You sign a 2 year lease with the option to buy during the lease for $115,000.
The rent is $925 a month - $100 each month will be credited toward purchase when you execute your option.
The option fee is $2900. This guarentees you the sales price $115,000 during the option term. This also goes towards the purchase price.
This option fee is payable upon move-in and must be either cash or certified funds.
Example:
$115,000 guarenteed sales price
$ 2,900 option fee
$__2,400 month credit
$109,700 Balance at the end of the 2 year option
To move in you would need the $2900 option fee plus the 1st month rent of $925 for the total of $3,825.
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