Lease Option Available: 8055 E THOMAS RD B104 SCOTTSDALE, AZ 85251
 
INFO:
ADDRESS: 8055 E Thomas Rd B104 Scottsdale, AZ 85251
AREA: Thomas Rd & Hayden Rd
YEAR BUILT: 1972
HOME SIZE: 627 Square Feet

DIRECTIONS: From the 101 Freeway in Scottsdale, get off at Thomas Rd, go west 1 mile to Hayden Rd. The complex is on the southeast corner of Thomas & Hayden. It's called Woodland Springs
LINKS:
Map
Photographs
Slideshow
FEATURES:
1 Bedroom / 1 Bathroom condo in perfect Scottsdale location, 1 mile west of the 101 Freeway, on the southeast corner of Thomas Rd & Hayden Rd. Nicely upgraded with new everything!
FINANCING FOR 8055 E THOMAS RD B104:
This property is available for Lease Option (Rent to Own), which means that you rent the property for a while until you can complete the purchase. A portion of your rent, as well as the upfront option consideration fee, are applied to the purchase price when you complete the purchase.

Lease Option Terms:
  • $675/month Rent
  • $160/month HOA Fees
  • $835/month Total
  • $175/month Rent Credit (applied to purchase price)
  • $2250 Option Consideration (applied to Purchase Price)
  • No Security Deposit
  • 18 months Term
  • $104,900 Purchase Price
Term can be extended depending on your needs. Discount if you have your own financing.

Seller Financing Terms:

I am offering seller financing, which means that you don't have to get a loan from a bank, so the qualifying process is a lot easier. It works like this:
  1. When you buy the home you come in with your down payment.
  2. You make monthly payments to me while you work on improving your credit.
  3. At some point in the future when you're ready to qualify for a bank loan, you refinance and pay me off.
The price of the home is $104,900. That price is based on up to 18 months of seller financing, but I can offer seller financing for up to 3 years depending on your needs. The price will be adjusted depending on the length of time needed. The interest rate is 7.99%.

The down payment amount required is flexible, but it will depend somewhat on your credit and other factors (see list of questions below).

The monthly payments would depend on the down payment. Here are a couple of examples, with 5% and 10% down:
Sale Price Percent Down Amount Down Balance Due Interest Rate Monthly Principal and Interest Insurance Property Taxes HOA Total Monthly
$104,900 5% $5,245 $99,655 7.99% $731 $22 $30 $160 $942
$104,900 10% $10,490 $94,410 7.99% $692 $22 $30 $160 $904

NEXT STEPS:

Option 1: If you have your own financing, please fax your offer to 206-984-2123, or call 480-664-2193 for more info.

Option 2: If you would prefer lease option or seller financing, please answer the following questions in an email and send the email to realestatebynate@gmail.com
  1. When would you like to move in?
  2. Why are you looking for lease option or seller financing?
  3. What is your credit score approximately?
  4. How much do you have to work with for a down payment or option consideration?
  5. For how long of a period would you like the lease option or seller financing?
  6. What is the most you would be comfortable with in a monthly payment?
  7. When was the last time that you experienced an eviction?
  8. When was the last time that you experienced a foreclosure?
  9. When was the last time that you experienced a bankruptcy?
  10. What is your total monthly income?
  11. How much are your total monthly expenses?
I will get back to you as quickly as possible.





 

 
Hassle Free Houses ™   •   Nathaniel Tanner, Realtor® Owner/Agent   •   Geneva Real Estate & Investments, LLC, Broker
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