This single-family property is available as a rent to own at San Martin St. It has 3 bedrooms, 2 bathrooms, and 1,016 square feet of living space. Based on our analysis of the current market conditions in San Juan for San Martin St and comparable listings, the estimated market value is $166,556. The property located at single-family has potential equity of $4,600. If purchased for rental purposes, the monthly rental rate could range between $900 and $1,100. For those interested in resale, the estimated profit from selling is $4,600. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at San Martin St are updated daily along with others in San Juan, Texas.
The property located at San Martin St in San Juan, TX is listed as a Rent to OwnRent to own properties like San Martin St in San Juan, Texas are ideal for homebuyers who are on the fence and not quite ready to go "all in" on a specific real estate investment. It's basically like taking a home for a "test drive," getting to know the neighbors, local school districts in San Juan, Texas and community benefits (and drawbacks) before making the all-important decision to buy.
This type of real estate deal entails an agreement to rent a property with the option to purchase it at a predetermined date and price. Under some structures a portion of the rent paid during the lease period can be applied to the purchase price. Also, during the lease period, the purchaser/lessee can use that time to save for a larger down payment or fix personal credit issues. As a third incentive, the purchaser/lessee can move into the property, get to know it thoroughly, get to know the neighborhood, and either complete the purchase or walk away from it, if the property turns out to not be suitable for him. For the seller, the rent to own option adds value to the sale of the property and broadens the market for potential buyers.
Things to consider when structuring a Rent to Own agreement:
The Rent to Own agreement has many benefits for a real estate purchaser. If structured correctly it locks in today’s price for a future date. It allows the purchaser/lessee the opportunity to live in the property and get to know it and the surrounding neighborhood before actually taking title. This lease period also gives the purchaser time to improve their credit or save additional funds that can be applied toward the purchase price.
The estimated rental value for San Martin St located in San Juan, TX is $1,001/month. Comparable homes around San Martin St that are rentals have monthly ranges starting as low as $900 per month and as high as $1,100 per month. An owner looking to use this property as an investment could bring a return in the area of $900 - $1,100 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
|Start Date||End Date||Listing Type||Bank Name|
|02/08/22||03/01/22||Preforeclosure||Vantage Bank Texas|
|07/07/20||08/04/20||Preforeclosure||Vantage Bank Texas|
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