2130 Rae Street
Regina, Saskatchewan S4T2E7
4 beds 2 baths 2,154 sqft
Description
Prime Revenue Opportunity in Regina's Culturally Rich Cathedral Area! Located just off vibrant 13th Avenue and within easy walking distance of downtown, this turn key, two unit, 2.5 story home offers the perfect blend of location and strong cash flow. Both self contained units feature 2 bedrooms and 2 full bathrooms, the lower level suite is exceptionally generous, each unit has a private deck and separate power meters, a newer furnace, updated shingles, and recent exterior paint job. Generating $2,100 in total monthly income ($900/month upper, $1,200/month lower, owner pays water and gas) with reliable tenants who would love to stay, this property delivers immediate, hassle free returns for investors or an ideal opportunity for an owner occupant looking to supplement their mortgage. (id:39198)
Facts & Features
● Building Type
House
● Year built
1911
● Square Footage
2,154 sqft
● Stories
2.5
● Bedrooms
4
● Bathrooms
2
● Parking
--
● Neighbourhood
Cathedral RG
● Land size
--
● Heating type
Forced air, Electric, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
101 days
Home price
$237,500
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
$2,229/month
The payment includes
Rent
$1,986
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$243
Each month, $243 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
$274,936
Cumulative Down Payment
$13,747
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,747
Buyback Price
$249,375
Cumulative Down Payment
$7,916
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,916
Buyback Price
$261,844
Cumulative Down Payment
$10,831
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$5,831
Buyback Price
$274,936
Cumulative Down Payment
$13,747
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,747
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
$2,229/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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