580 St. Thomas Line, Paradise, NL
Lovely, 2-Apartment Home in Paradise!
No credit or poor credit? Can't get a mortgage but looking for your own home? Go from renter to landlord in 1 easy step.
We are offering this 7 year old house in Paradise as a rent to own until you get bankable and then you can buy us out with what remains owing. Details are:
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Appraised at $270,000
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New construction in 2012
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Large lot, 200 ft deep
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Registered 2 apartment with its own meter
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Comes with all appliances (including for the apartment)
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Laminate and cushion floors throughout (no carpets)
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Large rear deck with wheelchair ramp.
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Full height undeveloped basement with its own entrance
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10’x12’ Shed
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Apartment also has it’s own basement (lots of storage)
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Apartment is rented for $750/mo POU
Basic RTO payment is $1,437/mo* (based on 5.44% with 30 year amortization). With a rental income of $750 your share is only $687/mo!
*As with a bank financed purchase POU, property taxes, insurance, lenders default protection, and maintenance are extra.
We look for a 5% down-payment but depending on your situation we may have other options available.
For more information call Alfred at 749-5202 or submit your online application to check if you pre-qualify.