Lease Option on Personal Residence (Advice) - Posted by Daren
Posted by Daren on March 28, 2000 at 08:34:03:
I am currently considering the following lease option on my current residence (moving into bigger home)
Home: 1200sf Ranch home, 4 years old in very nice S/D, pool, tennis courts, etc.
Mortgage: $800 (w/interest and taxes)
Lease: $1000 month
FYI: Current 3 bedroom apartments of similar size are renting for 900-1000/month
Option to purchase at $120,000 in 12 months.
DOES THIS SOUND REASONBLE? Am I missing anything?