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
1,834 Properties Found. Page 1 of 102.
Rent to Own Homes
1,834
Listings
36
Average DOW
$150,000
Min. Price
$550,000
Max. Price
$430,877
Average List Price
$397,850
Average Sold Price
$173
Price per SqFt.
0.26
Average Acres
Photo of Listing #853898
New Listing

11544 Hannibal Street, Commerce City

$547,777 - 4 Beds, 3 Baths, 4,272 Sf

MLS® # 853898

Pemco Realty Inc
Photo of Listing #7688872
New Listing

544 Planet Place, Thornton

$370,000 - 4 Beds, 2 Baths, 2,052 Sf

MLS® # 7688872

Metrolist Services Inc (Colorado) Logo HomeSmart Cherry Creek Status: Active
Photo of Listing #4549179
New Listing

5931 W 68th Avenue, Arvada

$415,000 - 4 Beds, 2 Baths, 2,286 Sf

MLS® # 4549179

Metrolist Services Inc (Colorado) Logo NextHome Altitude Status: Active
Photo of Listing #8605548
New Listing

6084 Pierson Street, Arvada

$450,000 - 4 Beds, 2 Baths, 2,480 Sf

MLS® # 8605548

Metrolist Services Inc (Colorado) Logo RE/MAX NORTHWEST INC Status: Active
Photo of Listing #1900298
New Listing

7151 W 52nd Avenue, Arvada

$450,000 - 3 Beds, 2 Baths, 1,680 Sf

MLS® # 1900298

Metrolist Services Inc (Colorado) Logo Your Castle Real Estate Inc Status: Active
Photo of Listing #3010734
New Listing

6120 Harlan Street, Arvada

$399,000 - 4 Beds, 3 Baths, 2,408 Sf

MLS® # 3010734

Metrolist Services Inc (Colorado) Logo GRAUE-SMITH AND ASSOC Status: Active
Photo of Listing #3691660
New Listing

10908 Macon Street, Commerce City

$425,000 - 4 Beds, 5 Baths, 4,456 Sf

MLS® # 3691660

Metrolist Services Inc (Colorado) Logo STARS & STRIPES HOMES DTC INC Status: Active
Photo of Listing #5036543
New Listing

5142 Ursula Way, Denver

$330,000 - 6 Beds, 3 Baths, 3,112 Sf

MLS® # 5036543

Metrolist Services Inc (Colorado) Logo Pedro Gonzalez Status: Active
Photo of Listing #853907
New Listing

12156 Helena Street, Commerce City

$339,900 - 3 Beds, 2 Baths, 2,563 Sf

MLS® # 853907

Landmark Brokerage
Photo of Listing #4769023
New Listing

17624 E Brown Circle, Aurora

$349,900 - 3 Beds, 3 Baths, 2,492 Sf

MLS® # 4769023

Metrolist Services Inc (Colorado) Logo RE/MAX Masters Millennium Status: Active
Photo of Listing #4137140
New Listing

5252 E 130th Circle, Thornton

$450,000 - 6 Beds, 4 Baths, 3,414 Sf

MLS® # 4137140

Metrolist Services Inc (Colorado) Logo LIV Sotheby's International Realty Status: Active
Photo of Listing #4681505
New Listing

5253 S Riviera Circle, Aurora

$480,000 - 5 Beds, 4 Baths, 3,879 Sf

MLS® # 4681505

Metrolist Services Inc (Colorado) Logo Home Brokers, LLC Status: Active
Photo of Listing #7606224
New Listing

4968 S Sherman Street, Englewood

$440,000 - 3 Beds, 2 Baths, 2,000 Sf

MLS® # 7606224

Metrolist Services Inc (Colorado) Logo Home Brokers, LLC Status: Active
Photo of Listing #3932369
New Listing

11042 Trailrider Pass, Littleton

$495,000 - 3 Beds, 3 Baths, 2,511 Sf

MLS® # 3932369

Metrolist Services Inc (Colorado) Logo Keller Williams Executives Status: Active
Photo of Listing #1805018
New Listing

2460 S Holly Place, Denver

$539,900 - 3 Beds, 3 Baths, 4,112 Sf

MLS® # 1805018

Metrolist Services Inc (Colorado) Logo RE/MAX Professionals Status: Active
Photo of Listing #3708715
New Listing

3509 W Alamo Place, Littleton

$391,000 - 4 Beds, 2 Baths, 2,014 Sf

MLS® # 3708715

Metrolist Services Inc (Colorado) Logo Keller Williams Real Estate LLC Status: Active
Photo of Listing #9973071
New Listing

6187 Dudley Court, Arvada

$475,000 - 4 Beds, 3 Baths, 2,048 Sf

MLS® # 9973071

Metrolist Services Inc (Colorado) Logo Steps Real Estate 101 LLC Status: Active
Photo of Listing #5578320
New Listing

935 Victor Street, Aurora

$334,900 - 3 Beds, 2 Baths, 1,485 Sf

MLS® # 5578320

Metrolist Services Inc (Colorado) Logo THE KENTWOOD COMPANY 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.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on June 21st, 2018 at 5:49am MDT.

Metrolist Services Inc (Colorado) Logo 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 June 21st, 2018 at 4:55am MDT.

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