If desired, the Owner is willing to help a Buyer get into ownership via a lease purchase contract. We (the real estate brokerage) have done dozens of lease purchase contracts and have contracts already in place.  In short, a Buyer can make monthly payments at 4% interest rate, based on a 30 year ammortization, providing Buyer can put 20% down. There will be a five year balloon payment required.  Subject to terms and conditions.

 

An example of what a Lease Purchase Contract might look like:

 

$30,000 down payment

Monthly principle and interest - $572.00

Taxes and insurance (taxes $650/year, Insurance $300/year)

Total Monthly payment - $652.00

Remaining principle due in 5 years