TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE ‘EMAIL AGENT’ BUTTON ABOVE
Cant get finance??
Sick of renting and paying someone elses mortgage?
Want your own home?
Why not rent & pay off the mortgage at the same time!!
We are willing to offer this stunning 4 x 2 on 501m2 in Hammond Park on a rent to own deal.
Rent to own works as follows
You rent the property for an agreed period of time, either 3 or 5 years (whichever suits you until you can obtain finance) while you are renting the property you are paying down the principal portion of the mortgage so when you are ready to transfer the ownership to yourself the outstanding balance is lower than the agreed price. We are offering a 6% interest rate which is lower than the current low doc rate available from the banks.
A 3 year deal would work as follows;
Purchase price = $600,000 with a $20,000 deposit.
Mortgage payments of $580,000 @ 6% = $3477 Per Month ($2900 interest & $577 Principle)
36 months x $577= $20,772
At the end of the 3 years you have to get a mortgage from the bank for $559,228
A 5 Year deal would work as follows
Purchase price = $600,000 with a $20,000 deposit.
Mortgage payments of $580,000 @ 6% = $3477 Per Month ($2900 interest & $577 Principle)
60 months x $577 = $34,620
At the end of the 5 years you have to get a mortgage from the bank for $545,380.
As the legal owner of the property (Until you transfer the title to your name) I have to ensure the property is insured, pay the council rates and the water rates. A extra $3000 dollars per year will be added to the monthly payments. $3000/12 = $250 per month.
This means your monthly payments will be $3727. The only other thing you will have to pay is the gas and electric bill.
If you want to pay a bigger deposit to bring your monthly payment down, no problem.
The moment you move in to the property you can treat it as your own and do as you wish. No rental inspections for the duration of the lease you are liable for
maintenance and up keep of the property as it is now yours.
To be considered you must be able to prove work history and income, and earn a combined income of over $1500 per week.
For more information or to view the property please call owner.
This property is full of exciting features such as:
* Separate study
* Theatre room (Theatre screen, projector and seating included in sale)
* Modern Lighting and downlights throughout
* Activity area
* His & hers walk-in robes to master bedroom & double en-suite
* Open plan dining & living areas
* Other bedrooms include built-in robes
* Ducted evaporative air conditioning throughout
* Security alarm system installed include perimeter security
* Easy maintenance back garden with Jarrah decking & Barbecue area
Surrounded by stunning parklands, the home is within walking distance to the soon to be open Aubin Grove Train Station, close to Hammond Park Primary School, Hammond Park Catholic Primary School, the Quarrie Pub and local IGA supermarket. Access around the Perth Metro Area is easy with the Kwinana Freeway on ramp close by placing the Perth CBD within approximately 28kms, the buzz of the Fremantle cappuccino strip an easy 21kms away, plus Gateways Shopping Centre & Emmanuel Catholic College are both within a short car ride.
TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE ‘EMAIL AGENT’ BUTTON ABOVE
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.