Rent to Own, Lease with Right to Purchase

Rent to Own Homes Denver Co Find a Rent to Own Home with a Kenna Real Estate Agent. Kenna Real Estate provides responsible households a transparent path to homeownership through its Lease with a Right to Purchase Program.   Many factors go into the decision of whether to rent or buy a home.  For example, the upfront costs of buying a home, including the down payment and closing costs (taxes and fees) can be quite high, so it usually makes more sense to rent if you plan to remain in a home for less than five years.  Other considerations include property insurance, maintenance and repairs.  A homeowner is responsible for these costs while a renter typically does not make any of these payments directly. Nevertheless, the monthly cost of owning a home may be meaningfully lower than the monthly cost of renting.  

How the Rent to Own Program works:

  1.  Prospective Household applies for approval.
  2.  Household finds a Home Partners qualified home.
  3.  Home Partners buys the qualified home, household leases from Home Partners.
  4.  Household has the right to purchase the home.
Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home- the outcome of which will depend on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.

Rent to Own Homes

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
1,165 Properties Found. Page 1 of 65.
Rent to Own Homes
1,165
Listings
39
Average DOW
$170,000
Min. Price
$550,000
Max. Price
$437,131
Average List Price
$388,232
Average Sold Price
$173
Price per SqFt.
0.19
Average Acres
Photo of Listing #2755241
New Listing

520 Wolff Street, Denver

$350,000 - 2 Beds, 1 Baths, 920 Sf

MLS® # 2755241

Denver Realty Group Status: Active
Photo of Listing #9475159
New Listing

5881 S Netherland Circle, Centennial

$379,900 - 4 Beds, 2 Baths, 1,858 Sf

MLS® # 9475159

Coastal Keys Realty Group Status: Active
Photo of Listing #8355677
New Listing

3333 N Lafayette Street, Denver

$225,000 - 4 Beds, 3 Baths, 1,794 Sf

MLS® # 8355677

Five Four Real Estate, LLC Status: Active
Photo of Listing #7997564
New Listing

4140 E 130th Place, Thornton

$375,000 - 4 Beds, 3 Baths, 2,209 Sf

MLS® # 7997564

Live.Laugh.Denver. Real Estate Group Status: Active
Photo of Listing #3377205
New Listing

3582 E 141st Avenue, Thornton

$425,000 - 3 Beds, 3 Baths, 3,158 Sf

MLS® # 3377205

Engel & Völkers Vail Status: Active
Photo of Listing #5116572
New Listing

2960 S Marion Street, Englewood

$495,000 - 2 Beds, 1 Baths, 841 Sf

MLS® # 5116572

Koustas Property Consultants LTD Status: Active
Photo of Listing #5491697
New Listing

2238 W Caley Place, Littleton

$495,000 - 5 Beds, 2 Baths, 1,708 Sf

MLS® # 5491697

HomeSmart Realty Group of Colorado Status: Active
Photo of Listing #8909768
New Listing

6400 W 47th Avenue, Wheat Ridge

$355,000 - 2 Beds, 1 Baths, 804 Sf

MLS® # 8909768

Keller Williams Realty Urban Elite Status: Active
Photo of Listing #5439896
New Listing

17675 E Girard Avenue, Aurora

$350,000 - 3 Beds, 2 Baths, 2,178 Sf

MLS® # 5439896

Keller Williams Real Estate LLC Status: Active
Photo of Listing #1816098
New Listing

3032 W Scott Place, Denver

$374,900 - 3,140 Sf

MLS® # 1816098

MB METRO REAL ESTATE GROUP Status: Active
Photo of Listing #1550509
New Listing

2716 S Irving Street, Denver

$310,000 - 3 Beds, 1 Baths, 1,181 Sf

MLS® # 1550509

Ion Real Estate LLC Status: Active
Photo of Listing #1996716
New Listing

3640 Monroe Street, Denver

$385,000 - 3 Beds, 1 Baths, 1,211 Sf

MLS® # 1996716

Recom Real Estate Status: Active
Photo of Listing #6132633
New Listing

14496 E Warren Place, Aurora

$415,000 - 4 Beds, 3 Baths, 2,721 Sf

MLS® # 6132633

EXIT Realty Cherry Creek Status: Active
Photo of Listing #6216740
New Listing

11334 Oakland Drive, Commerce City

$410,000 - 3 Beds, 4 Baths, 2,928 Sf

MLS® # 6216740

RE/MAX NORTHWEST INC Status: Active
Photo of Listing #7863115
New Listing

5811 S Greenwood Street, Littleton

$465,000 - 4 Beds, 3 Baths, 3,016 Sf

MLS® # 7863115

Steadman Real Estate, LLC Status: Active
Photo of Listing #2438360
New Listing

5611 S Sicily Circle, Aurora

$405,000 - 5 Beds, 3 Baths, 2,861 Sf

MLS® # 2438360

Your Castle Realty LLC Status: Active
Photo of Listing #5378703
New Listing

8719 W Euclid Place, Littleton

$405,000 - 3 Beds, 2 Baths, 1,645 Sf

MLS® # 5378703

Re/Max Revolution Status: Active
Photo of Listing #4424773
New Listing

19996 E Stanford Drive, Centennial

$360,000 - 4 Beds, 3 Baths, 2,303 Sf

MLS® # 4424773

HQ Homes Status: Active

It is easy To Qualify for the Rent To Own Lease with Right to purchase Program.:

  1. Household income $50,000 or More
  2. Credit score of 550 or above
  3. No Evictions within last year
  4. Deposit is two months rent and refundable after 1 year renting
  5. Max home price $550,000
  6. You pick any home for sale as long as its in good condition

More Facts on Rent to Own Homes:

The Lease with a Right to Purchase program provides responsible households who cannot obtain a mortgage a clear and transparent path to home ownership. A qualified applicant  will get approved; select a home for sale with an agent, Home Partners will buy the home in cash, lease it to the resident & provide a right to acquire it anytime during the lease period.

The resident's financial obligation is limited to 1 year of rent.  Approved Rent to Own residents can:
Elect to rent for up to 5 years 
Move out after each one year lease term without penalty
Purchase the home ANYTIME during tenancy

Colorado Rent To Own Community List

Prospective residents will work with a REALTOR® to find a home in an approved community.

(Click here More for Communities)

Home Partners of America uses consistent and objective investment criteria- including median home prices and high school rankings- to identify communities that have a high quality of life and long-term opportunities for residents.  The following is a list of Home Partners of America and Kenna Real Estate's approved communities and high schools in Colorado:   (Click here to Apply) 

Rent to Own in Adams County
Cherokee Trail HS Horizon HS Standley HS
East HS - Denver Legacy HS  
George Washington HS Pomona HS  
     
Rent to Own in Arapahoe County
Arapahoe HS George Washington HS Mountain Vista HS
Chaparral HS Grandview HS Smoky Hill HS
Cherokee Trail HS Heritage HS Thunderridge HS
Cherry Creek HS Highlands Ranch HS  
Eaglecrest HS Littleton HS  
     
Rent to Own in Boulder County
Berthoud HS Golden HS Ralston Valley HS
Boulder HS Legacy HS Silver Creek HS
Broomfield HS Longmont HS Standley Lake HS
Centaurus HS Mead HS Thompson Valley HS
Erie HS Monarch HS  
Fairview HS Niwot HS  
     
Rent to Own in Broomfield County
Broomfield HS Erie HS Monarch HS
Centaurus HS Legacy HS Standley HS
     
Rent to Own in Denver County
Cherry Creek HS George Washington HS Wheat Ridge HS
East HS -Denver Littleton HS  
     
Rent to Own in Douglas County
Arapahoe HS Columbine HS Lewis-Palmer HS
Castle View HS Douglas County HS Mountain Vista HS
Chaparral HS Grandview HS Palmer Ridge HS
Chatfield Senior HS Heritage HS Ponderosa HS
Cherokee Trail HS Highlands Ranch HS Rock Canyon HS
Cherry Creek HS Legend HS Thunderridge HS
     
Rent to Own in El Paso County
Air Academy HS Douglas County HS Manitou Springs HS
Castle View HS Falcon HS Palmer HS
Cheyenne Mountain HS Fountain - Fort Carson HS Palmer Ridge HS
Coronado HS Harrison HS Pine Creek HS
Discovery Canyon Campus School Lewis-Palmer HS Vista Ridge HS
Doherty HS Liberty HS  
     
Rent to Own in Jefferson County
Arvada West HS Fairview HS Pomona HS
Bear Creek HS Golden HS Ralston Valley HS
Boulder HS Green Mountain HS Standley Lake HS
Broomfield HS Heritage HS Thunderridge HS
Chatfield Senior HS Lakewood HS Wheat Ridge HS
Columbine HS Littleton HS  
Dakota Ridge HS Monarch HS  
     
Rent to Own in Larimer County
Berthoud County Loveland HS Rocky Mountain HS
Fort Collins HS Mead HS Thompson Valley HS
Fossil Ridge HS Mountain View HS Windsor HS
Longmont HS Poudre HS  
     
Rent to Own in Weld County
Berthoud HS Legacy HS Niwot HS
Centaurus HS Longmont HS Poudre HS
Erie HS Mead HS Windsor HS
Fossil Ridge HS Mountain View HS  

RENT to Own Any Home you Want!   Contact us Now 303-955-4220

Rent to Own Fast and Easy | *NEW to Denver Area Lease Option Program*

Here is a useful link to evaluate your options:  http://portal.hud.gov/HudCalculators/

To see if a home not listed on the website is approved, please visit our address checker at: addresscheck.homepartners.com 

 

Total Cost to Rent to Own

Total Cost is the price Home Partners pays for the home, closing costs, make ready and repairs/maintenance costs. Total Cost is used to determine the resident's Right to Purchase prices.

A Rent to Own sample is highlighted below:

Purchase Price $200,000
Closing Costs * $3,000
Make Ready and Repairs/Maintenance Costs $7,000
Total Cost $210,000

* Includes all costs such as transfer taxes, attorneys' fees, title insurance, other acquisition costs, etc.

 

The Monthly  Rent Slightly Increases

Each year, a resident's Monthly Rent increases by no more than 3.75% over the previous year’s Monthly Rent.

For example, if the Monthly Rent for Year 1 is $1,400 per month, the increase for the next year is $50/month (i.e., $1,400 x 1.0375)*.

 Example of Monthly Rent

Year 1 $1,400
Year 2 $1,450
Year 3 $1,500
Year 4 $1,560 
Year 5 $1,620 

 Right to Purchase Price Increases

Each year, the Right to Purchase Price increases by 3.5%-5% (depending on the region).

In the example, if the Total Cost of the home is $210,000 and if the Right to Purchase increases by 5% (i.e., Prior Year Purchase Right Price x 1.05)* then the Purchase Right Price for Years 1-5 is as follows:

Year 1 $220,500
Year 2 $231,500
Year 3 $243,100
Year 4 $255,300 
Year 5 $268,000 )

There are additional costs that the resident will incur if they exercise the Right to Purchase such as closing costs to purchase the home, including transfer taxes, attorneys' fees, title insurance, and the cost of a mortgage loan. As a result, actual total costs to exercise the Right to Purchase will vary.

* Rent will round to the nearest $10. Right to Purchase / Rent to Own Price will round to the nearest $100.

 Kenna Real Estate is in no way , Home Partners of America.  Hyperion Homes, Home Partners of America act as your landlord if you proceed with the Lease with the right to Purchase Program, Kenna Real Estate is not a mortgage company, does not see your credit, have any imput, or can guarantee you will be approved by Hyperion Homes, Home Partners of America. Kenna Real Estate and irs Agents have no obligation  to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.

Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Kenna Real Estate are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Copyright 2018 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on April 25th, 2018 at 9:35pm MDT.

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