Estimated Monthly Rent / Purchase Price

This scale is to provide you with estimates only. The estimated monthly rent and home cost described below are based upon certain assumptions. The actual amounts will vary depending on the actual cost of acquiring the home (plus estimated closing, rehabilitation, homeowner dues (if any), real estate tax costs, and other factors considered in underwriting the transaction.

Home Cost: $200,000
Rent Low: $1600
Rent High: $1750
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $250,000
Rent Low: $1800
Rent High: $1950
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $300,000
Rent Low: $2300
Rent High: $2450
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $350,000
Rent Low: $2500
Rent High: $2700
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Home Cost: $400,000 (400k is the maximum purchase price allowed)
Rent Low: $2710
Rent High: $3080
Does not include HOA fees(if any), additional rehab(if any), or pool servicing fee (if any)

Monthly Rent Increases
Each year, a resident’s Monthly Rent increases by no more than 3.75%.

For example, if the Monthly Rent for Year 1 is $1,600 per month, the increase for the next year is $60/month (i.e., $1,600 x 1.0375)*.

Monthly Rent
Year 1 ………$1,600
Year 2 ………$1,660
Year 3 ………$1,720
Year 4 ………$1,790
Year 5 ………$1,850
* Rent will round to the nearest $10. 

Learn More About:

  1. How It Works
  2. Available Lease Purchase Homes
  3. Right To Purchase
  4. FAQ’s
  5. Starting Your Application