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Working from the payment backwards (since your ultimate goal is to purchase, not rent) You are looking at a purchase price of around $110,000.(FHA down payment of $3850). Currently, there are no homes listed on the MLS in the Denver metro area with 2 bed, 2 bath, garage offering lease purchase or lease option.The market has changed and it is a sellers market now due to the lack of inventory available and really inexpensive interest rates for buyers to purchase.
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For Sale: $129,000
For Sale: $337,800
For Sale: $329,900