2821 Cheatham Rd NW, Kennesaw, GA 30101

Spacious home in southwest Acworth, Georgia. Enjoy the breath of nature in this beautifully tree-lined suburban neighborhood. Quiet home in a rejuvenating environment.For qualifying tenants, you can lease option this home. In other words, you lease as a tenant for one year, and within that year, you have the option to buy the home at $150,000.Minimum option cost is $5,000, which will apply to the future purchase. Monthly payment will be determined by your option payment, credit history and references. Assuming a $5,000 option payment and reasonable credit and references, your monthly payment on this home would be $1,200 with $200 of each month's payment applying to purchase if and when you exercise option and buy the property. Larger option fee will result in lower monthly payments.Unlike a regular rental, you will be planning to make this your long-term home, so you will be responsible for all repairs, maintenance and utilities. This could be a good option for people who may have damaged credit due to the recession, but who now have cash reserves and steady income. The year of your lease option period gives you time to rebuild your credit, clean up any errors on it and get qualified for a loan. In the mean time, you get to enjoy living in a quality home in a pride of ownership neighborhood. To qualify for financing, you must have gross combined monthly income of at least 3x monthly payment ($3,600), no criminal record, and have at least $5,000 for option money and an additional $7,200 in reserves. Reserves show that you will be able to make payments for six months even if you have a temporary loss of employment or income These reserves can be in the form of cash, stocks and bonds, retirement accounts or available credit. We underwrite each applicant by hand and understand that the recent economy has damaged many borrowers' credit. You may still qualify even if you have bankruptcy, foreclosure or short sale on your credit. DO NOT DISTURB CURRENT TENANTS OR GO ON THE PROPERTY.To contact us or get a complete application, please reply to this post by answering the following questions:1) What is your combined gross monthly income?2) How much do you have to offer as option money?3) Do you have a criminal record?4) How much do you have in reserves in addition to option money? Keywords:Lease option, owner finance, seller finance, seller carry, owc, rent to own, lease to own, bad credit