Low availability of area monthly rentals...... I am certainly biased, but this is just another reason why it makes sense for most people (if they are able) to OWN a home in Northern Michigan - we are here to help you do either.
We will post ANY rental or rent to own homes on this page free of charge - just email Mike the details.
We also can provide full Rental Management or Tenant Screening for private individuals or investors - ask us for details.
Even if you just need a little advice regarding rental properties or Rent to Own contracts, please feel free to contact us anytime.
Rent and Rent to Own Homes - Listings may be subject to change
Email Mike for a rental application or further info regarding any of these:
Available now and taking applications. 1773 Sunburst Street - 3 Bd/2 Bath. Up to an 18 month Rent to Own (aka: Lease with Option to Buy) contract to an acceptable buyer. The total purchase price of the home is $95,000. At least $6,800 will be required to move-in as part of this contract which includes the first monthly payment of $800 ($250 of payments are applied towards purchase price), a regular security deposit of $800 (fully refundable or credited to the home purchase) and a $5,000 option fee that goes towards the purchase price of the home. If you have a larger down-payment, a lower monthly payment is possible. We are NOT offering the house as just a standard rental. We can evaluate your situation to see if you can qualify for this type of contract. Generally, you will need an income of at least $2,400 (gross) monthly and a credit score of 570 or better to be "workable" towards buying this home or a home within this price range. You will need to work closely with a mortgage professional to get in shape for a regular mortgage that can close within about 18 months... at this point your monthly payments will likely drop to less than the $800 per month. An application for the lease/option contract is required along with a full credit report as well as a letter from our mortgage person to be considered for the home. The buyer/tenant pays all utilities, except garbage pick-up. We would prefer no pets, though we are open to evaluating that on a case-by-case basis. Full information about the house itself and a photo tour can be found on our website.
There are other resources in the area as well. Our MLS system does allow rental listings, though few Real Estate Agents deal with rentals and there are usually not many rental listings within the MLS. See the MLS tab to take a look. If a potential renter takes the time to submit an application that is approved, we can act as your agent regarding finding a rental.