Rent to Own | Denver Lease with a Right to Purchase | Rent to Own Colorado

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 $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000 $500,000 - $600,000
2,124 Properties Found. Page 3 of 118.
Rent to Own Homes
2,124
Listings
38
Average DOW
$204,900
Min. Price
$550,000
Max. Price
$438,545
Average List Price
$400,460
Average Sold Price
$182
Price per SqFt.
0.17
Average Acres
Photo of Listing #3979529
New Listing

20650 E Dartmouth Drive, Aurora

$470,000 - 3 Beds, 3 Baths, 3,190 Sf

MLS® # 3979529

Metrolist Services Inc (Colorado) Logo @ Home Realty Status: Active
Photo of Listing #7929405
New Listing

2630 Ivanhoe Street, Denver

$550,000 - 4 Beds, 2 Baths, 2,093 Sf

MLS® # 7929405

Metrolist Services Inc (Colorado) Logo The Urban Mountain Team Status: Active
Photo of Listing #8169588
New Listing

20706 E Brunswick Place, Aurora

$525,000 - 5 Beds, 4 Baths, 4,113 Sf

MLS® # 8169588

Metrolist Services Inc (Colorado) Logo eXp Realty, LLC Status: Active
Photo of Listing #6094598
New Listing

3520 Elm Street, Denver

$499,999 - 4 Beds, 3 Baths, 2,240 Sf

MLS® # 6094598

Metrolist Services Inc (Colorado) Logo Redfin Corporation Status: Active
Photo of Listing #7353687
New Listing

5015 Weeping Willow Circle, Highlands Ranch

$469,000 - 4 Beds, 4 Baths, 2,573 Sf

MLS® # 7353687

Metrolist Services Inc (Colorado) Logo Redfin Corporation Status: Active
Photo of Listing #3807885
New Listing

3929 S Truckee Court, Aurora

$325,000 - 3 Beds, 2 Baths, 1,238 Sf

MLS® # 3807885

Metrolist Services Inc (Colorado) Logo Your Castle Real Estate Inc Status: Active
Photo of Listing #5461131
New Listing

9553 Cherry Lane, Thornton

$440,000 - 5 Beds, 3 Baths, 2,698 Sf

MLS® # 5461131

Metrolist Services Inc (Colorado) Logo Fathom Realty Colorado LLC Status: Active
Photo of Listing #6378392
New Listing

2788 Fairway Pointe Drive, Erie

$399,500 - 2 Beds, 3 Baths, 2,171 Sf

MLS® # 6378392

Metrolist Services Inc (Colorado) Logo 8z Real Estate Status: Active
Photo of Listing #1661027
New Listing

25495 E 1st Avenue, Aurora

$455,000 - 3 Beds, 3 Baths, 3,338 Sf

MLS® # 1661027

Metrolist Services Inc (Colorado) Logo SELLSTATE ACE REALTY Status: Active
Photo of Listing #3359441
New Listing

5018 S Wenatchee Street, Aurora

$430,000 - 4 Beds, 3 Baths, 1,951 Sf

MLS® # 3359441

Metrolist Services Inc (Colorado) Logo Redfin Corporation Status: Active
Photo of Listing #6679175
New Listing

7175 S Penrose Court, Centennial

$450,000 - 3 Beds, 2 Baths, 1,845 Sf

MLS® # 6679175

Metrolist Services Inc (Colorado) Logo Realty One Group Premier Status: Active
Photo of Listing #3837730
New Listing

6083 S Zeno Court, Aurora

$439,999 - 4 Beds, 3 Baths, 2,276 Sf

MLS® # 3837730

Metrolist Services Inc (Colorado) Logo Great Way RE Exclusive Properties Status: Active
Photo of Listing #3274029
New Listing

10814 Telluride Street, Commerce City

$409,000 - 3 Beds, 3 Baths, 2,898 Sf

MLS® # 3274029

Metrolist Services Inc (Colorado) Logo COListings Real Estate Status: Active
Photo of Listing #2407602
New Listing

4722 Josephine Street, Denver

$320,000 - 2 Beds, 1 Baths, 1,055 Sf

MLS® # 2407602

Metrolist Services Inc (Colorado) Logo VANTAGE REAL ESTATE Status: Active
Photo of Listing #6180384
New Listing

4768 Gaylord Street, Denver

$315,000 - 2 Beds, 1 Baths, 838 Sf

MLS® # 6180384

Metrolist Services Inc (Colorado) Logo VANTAGE REAL ESTATE Status: Active
Photo of Listing #7038385
New Listing

1659 Quebec Street, Denver

$425,000 - 4 Beds, 2 Baths, 2,481 Sf

MLS® # 7038385

Metrolist Services Inc (Colorado) Logo HomeSmart Cherry Creek Properties Status: Active
Photo of Listing #6806821
New Listing

7229 S Iris Court, Littleton

$475,000 - 5 Beds, 4 Baths, 2,994 Sf

MLS® # 6806821

Metrolist Services Inc (Colorado) Logo 8z Real Estate Status: Active
Photo of Listing #7250473
New Listing

13506 Clayton Court, Thornton

$550,000 - 3 Beds, 3 Baths, 3,953 Sf

MLS® # 7250473

Metrolist Services Inc (Colorado) Logo Modern Real Estate 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.

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 2019 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on May 23rd, 2019 at 9:19pm MDT.

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