116 Iverson Close
Red Deer, Alberta T4R3M8
2+1 beds• 3 baths• 1,087 sqft
Description
Excellent opportunity for investors or buyers looking to build equity in the desirable Inglewood community. This 2005 bi-level offers 3 official bedrooms and 3 full bathrooms with 1,086. sq.ft. RMS above grade and a fully developed basement. The main floor features a bright and functional kitchen with adjoining dining area, a 4-piece bathroom, and the primary bedroom complete with with a 3-piece ensuite. The fully developed basement offers a spacious family/ recreation room, one official bedroom, a full bathroom, laundry area and a flex room. The property also include a fenced backyard with a deck, an additional gravel parking area that can accommodate approximately two vehicles, plus off-street parking at the front of the home. The home requires updating, including replacement of the shingles and older carpeting. A previously noted moisture issue affecting the ceiling in the bathroom has been repaired. This property offers excellent potential to investors, renovators, or buyers seeking value-add opportunity. (id:39198)
Facts & Features
● Building Type
House
● Year built
2005
● Square Footage
1,087 sqft
● Stories
--
● Bedrooms
2+1
● Bathrooms
3
● Parking
2
● Neighbourhood
Inglewood West
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$404,000
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
$3,669/month
The payment includes
Rent
$3,159
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$511
Each month, $511 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
$467,681
Cumulative Down Payment
$23,384
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,384
Buyback Price
$424,200
Cumulative Down Payment
$11,128
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,128
Buyback Price
$445,410
Cumulative Down Payment
$17,256
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,256
Buyback Price
$467,681
Cumulative Down Payment
$23,384
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,384
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
$3,669/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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