4122 50 Street
Red Deer, Alberta T4N1W7
2 beds• 2 baths• 1,036 sqft
Description
Charming legally suited 1958 bungalow just steps from the little ice cream shop in south-after Michener Hill. Perfect for first time home buyers or smart investors, the main floor offers a spacious living room, dinning area, kitchen . 2bedrooms and a full bath. The fully finished legal basement suite features one bedroom, bathroom dinning area, and kitchen Currently generating $1000/month. Upgrades included furnace ,water tank, shingles. Situated on a massive lot with a single detached garage and rear parking for 4 vehicles. Live smart invest wisely in a prime location. (id:39198)
Facts & Features
● Building Type
House
● Year built
1958
● Square Footage
1,036 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
2
● Parking
4
● Neighbourhood
Michener Hill
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
9 days
Brokerage Name: Royal LePage Network Realty Corp.
Home price
$349,900
Initial Deposit
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
Your Monthly Payment
$3,154/month
The payment includes
Rent
$2,730
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$424
Each month, $424 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$405,053
Cumulative Down Payment
$20,253
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,253
Buyback Price
$367,395
Cumulative Down Payment
$10,084
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,084
Buyback Price
$385,765
Cumulative Down Payment
$15,168
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,168
Buyback Price
$405,053
Cumulative Down Payment
$20,253
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,253
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
$3,154/month
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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Have Questions About Rent-to-Own? Let's Talk.
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