818 E 24th St, Des Moines, IA 50317

CALL US for showing! 818 E 24th St, Des Moines IA 3.0 BR/1.0 BA Rent $1,150 Non-refundable Option Fee $2,500 Contract term: 2 years Want to Own a house but can't get a mortgage now? No worries. You can rent to Own this house. Renting the house while you are accumulating your equity! Own now and get mortgage later. Description: Move in ready ranch in convenience location! This property has been completely updated and ready for a new family! Hard surface flooring throughout, stainless steel appliances, etc! Nice yard space with detached garage and deck! *Application Fee $40 per adult that is more than 18 years old. Pet Policy: Maximum of 2 pets, maximum total weight of 75lbs Deposit - $250/pet Pet Rent: $25/mo for 0-25lbs $50/mo for 26-50lbs $75/mo for 51-75lbs WHAT IS RENT TO OWN?? Sales Price : $105,900 Non-refundable Option Fee : $2,500 Option Period : 2 years Rental Amount : $1,150 Rent Credit : $50 of the paid rent each month The sale price will not change once we enter rent to own contract even if the property increase in value in the future. At the end of 2-year contract, if you decide to purchase this house at the end of the option period, the option fee and $50 of paid monthly rent will become your credit to apply against $105,900. You would have a total credit of $3700, which is $2500 option fee + $1200 ($50 of $1150 for all 24 months) to be discounted from the fixed sale price. You will only need to get loan for the remaining $102,200.00 By doing rent to own, you are enjoying your new home while accumulating credits from your monthly rent to gain equity in the home.