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

Renter-to-Owner AdvantagenSwap every rent check for equityyour payment stays the same.nnEstimated Mortgage (5% down on $131K @ 6.5% 30 yr):nLoan: $124,450 P&I $785 / monnTaxes ( $1,100 / yr): $92 / monnInsurance ( $800 / yr): $67 / monnTotal PITI $944 / mo vs. $1,300 rent $356 / mo savingsnnYear 1 Equity Build:nnPrincipal Pay-down: $1,300nn3% Market Appreciation: $3,930nnTotal Wealth Gain: $5,230nnRent Credit Option: Apply the current tenants $1,300/month lease toward your mortgage or down payment.nnEnjoy 3 bedrooms, a private rear yard, updated kitchen, hardwood floors and a walkable Brooklyn block near schools, parks and commuter routes. At $131,000, this is where affordability meets long-term wealth building.nnUnlock a solid brick rowhome at $131,000 with a month-to-month tenant paying $1,300 / mo and rental comps at $1,400$1,600 / mo.nnGross Annual Rent (current):nn$1,300 12 = $15,600nnYield: 15,600 / 131,000 11.9%nnPro Forma with $1,500 / mo rents:nn$1,500 12 = $18,000 Yield 13.7%nnExpenses (est. 40% of gross rent):nnCurrent rent: 15,600 0.40 = $6,240 / yrnnNOI: 15,600 6,240 = $9,360 / yr Cap Rate: 9,360 / 131,000 7.1%nnWith $1,500/mo: NOI 10,800 Cap Rate 8.2%nnDebt Service ...

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& Cash-on-Cash (75% LTV @ 6.5% 30 yr):nnLoan: $98,250 P&I $621 / mo $7,452 / yrnnAnnual Cash Flow: 9,360 7,452 = $1,908 CoC 5.8%nnFresh paint, new flooring, modern fixtures and a low-maintenance brick exterior keep upfront cap-ex minimal. No HOA, low taxes, plus on-street parking. Minutes to transit (Route 40 bus, Light Rail), CCBC, shops and eateries ensure steady demand.This rent to own home is a multi family property located in BROOKLYN. It offers 0.03 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.  

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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.

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