BROOKLYN rent to own home - a multi family property (3 beds, 2 baths)

Investor-Ready Financial SnapshotnDiscover a turnkey, income-producing solid brick rowhome featuring 3 bedrooms, 2 full baths, and 1,632 sqft of living spacelisted at $179,000 with an existing lease at $1,399/month.nnKey MetricsnnGross Annual Rent: $1,399 12 = $16,788nnGross Yield: 16,788 / 179,000 9.4%nnEstimated Expense Ratio: 40% of rent ($6,715/yr)nnNet Operating Income (NOI): 16,788 6,715 = $10,073/yrnnCap Rate: 10,073 / 179,000 5.6%nnPro Forma Cash-on-Cash (70% LTV @ 5.5% 30 yr): 7.8%nnRecent updatesfresh paint, new flooring, modern fixturesminimize immediate capital outlay. The low-maintenance brick exterior and on-street parking streamline day-to-day management. Proximity to public transit arteries (Route 40 bus, Light Rail), major universities (University of Baltimore, CCBC), and dining hotspots ensures sustained tenant demand.nn Renter-to-Owner AdvantagenMove from renting to owning with no payment increase. Current mortgage estimate (P + I + T + I): $929 P&I + $354 taxes + $100 insurance $1,383/monthstill below todays $1,399 rent2. Every payment builds equity instead of lining a landlords pockets.nnFinancial HighlightsnnDown Payment: 510% typical ( $9,000$18,000)nnYear ...

Read More

1 Equity Build: $900 principal pay-down + 3% market appreciation ( $5,370)nnRent Credit Option: Apply current tenants $1,399/month lease toward your mortgage or down paymentnnEnjoy a light-filled updated kitchen, hardwood floors, and room-for-growth in a walkable Brooklyn neighborhood steps from shops, parks, and transit. At $179,000, this gem blends affordability, instant equity, and long-term wealth building.This rent to own home is a multi family property located in BROOKLYN. It offers 0.02 acres in size, 3 beds and 2 baths. Review its detailed information and determine if this BROOKLYN rent to own has the qualities you are looking for.  

Read Less

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Consumers Beware
Consumers should be aware of scams from people posing to be real estate agents or landlords. So if you're looking to buy or rent make sure you take the proper precautions.
Read more to learn about avoiding scams.