STOP RENTING & START OWNING!
Rent-to-Own | Bad Credit OK | Competitive Market Interest Opportunity | Move-In Ready 7/15/2025
Don't miss out on this rare off-market lease option opportunity! With interest rates at record highs, here's your chance to lock in a low-interest path to homeownershipeven if your credit isn't perfect.
Property Highlights:
3 Bedrooms / 1 Full Bathrooms
Modern construction, move-in ready, and everything still like-new
Located in a safe and family-friendly neighborhood
Why This Lease Option is Different:
Low Interest Terms
Bad Credit OK No credit check required
Only 3-5% Down Payment
YOU choose the lease option timeframe
Start building equity immediately
Flexible terms to match your financial goals
Move-In Date:
July 15, 2025 Just pack your bags and walk into your new home.
Financial Details:
Monthly Lease Payment: $2,000
Purchase Price: $255,000
Down Payment 3%: $7,650 (Good Credit)
Down Payment 4%: $10,000 (Moderate Credit)
Down Payment 5%: $12,750 (Bad Credit)
Lease Option Term: Flexible Year Terms (You select the term that works for you)
Option Credit (Rent Premium): This is the portion of the monthly payment that is credited towards the purchase price if the tenant exercise the option. This incentivizes the tenant and builds their equity in the property.
Example: A credit of $200 per month is common. So if this amount were paid each month it would be $2,200 per month. But this is OPTIONAL for the tenant buyer.
Total Option Credit over 24 months: $4,800.
Tenant-Buyer Incentives:
Time to Save for Down Payment/Improve Credit: The 2-year lease period allows them to save more or improve their financial standing.
"Try Before You Buy": They get to live in the home and ensure it meets their needs before committing to a mortgage.
Price Lock: The $255,000 purchase price is locked in, protecting them from potential market appreciation.
Credits Towards Purchase: The option fee and monthly rent credits directly reduce the amount they need to finance.
Clear Path to Homeownership: Provides a structured plan for owning the home. NO excessive hurdles to overcome like the major banks.
To prequalify or apply, download the RentRedi app from Google Play or the App Store.
For applying through the RentRedi mobile app, please follow these steps:
Step 1. Tap the "Apply" button.
Step 2. Click the
icon.
Step 3. Select whether you're prequalifying or applying.
Step 4. Enter in your unit code: RFQ-310.
Step 5. Click "Enter Information" and answer the questions.
Step 6. Click "Send" to submit to the landlord.
This property is using RentRedi for rent payments. With RentRedi, you can easily submit rent payments, boost your credit by reporting rent payments, sign up for affordable renters insurance, and more from the app!
Sold for $225,000 on 08/24/22
$225,000
508 Garden Dr N, Lakeland, FL 33813
3beds
840sqft
Single Family Residence
Built in ----
-- sqft lot
$241,000 Zestimate®
$268/sqft
$1,537 Estimated rent
What's special
Zillow last checked: 10 hours ago
Listing updated: June 30, 2025 at 12:27am
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Cooling
- Ceiling Fan
Appliances
- Included: Dishwasher, Disposal, Refrigerator
Features
- Ceiling Fan(s), Storage
Interior area
- Total interior livable area: 840 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Has carport: Yes
- Details: Contact manager
Features
- Patio & porch: Porch
- Exterior features: Barbecue, Lawn
Details
- Parcel number: 232901139200000340
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & neighborhood
Location
- Region: Lakeland
HOA & financial
Other fees
- Deposit fee: $6,000
Other
Other facts
- Available date: 07/15/2025
Services availability
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Estimated market value
$241,000