Rent Vs Lease Purchase

By
Real Estate Agent with Keller Williams North East Realty

Have an investment property that you are currently renting out? Would you be interested in making more money, better tenants and less responsibility? Let's do a quick comparison of Rent Vs Lease Purchase

 

 

 

Rent

 

Lease Purchase

 

Deposits/Down Payment

 

In a rental the deposits are pretty minimal and typically almost fully refundable

 

Down payment is typically 5-15%of fair market value and non-refundable

 

Monthly payment

 

 

Based on current rental market analysis

 

 

Based on what future mortgage payment is going to be

 

Repairs

 

Landlord's responsibility

 

Tenant/buyers responsibility

 

Pride of ownership

 

None, it's just a rental

 

Absolutely, it’s their house

 

 

 

As you can see the benefits of a lease purchase far out weigh just renting your investment property. Give me a call today at 602-384-4175  or visit www.CohanTeam.com and we can discuss your specific situation.

 

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