4057 Burrow Ave, Memphis, TN

Rent-to-own: $595/month, $2,000 total move-in

This charming 2-bedroom home is located on a quiet street in the Raleigh / Jackson Ave / I-240 area. It has central heating and air, new carpet, tile in the bath, and a huge backyard where you can entertain your friends and family.

This home can be yours under our rent-to-own program for only $2,000 down and $595/month ($625 after the 1st year). The $2,000 includes the first month’s rent. If you don’t have the full $2,000, but can pay a little more per month, we will consider a lower down payment.

This is a great option to purchase a home without having to qualify for a mortgage today. You can move in and make this your home while you work on your credit and finances to be able to qualify for a mortgage in the next few years.

Sounds interesting? Here is how it would work:

  • Your $2,000 down payment includes the first month’s rent and a $1,500 credit towards the purchase price of the home ($47,000).
  • For each on-time rental payment, you will get $100 towards the purchase price during the first 24 months of the contract so you will have close to $4,000 worth of credit towards the price after just 2 years!
  • You will have 3 years to get your finances in order to qualify for a mortgage. After you have established good credit with us, we may be able to finance it for you so you won’t have to qualify for a mortgage.

The home is being renovated and will be finished by September 24th.

If you are interested, please drive by and contact us after you’ve seen the exterior. You can fill out the form below or call us at (901) 273-0334 Ext. 33. We look forward to talking with you!

Property Details

Discounted Rent: $595
Address: 4057 Burrow Ave
City: Memphis
State: TN
ZIP: 38128
Property Status: Rented
Deposit: $2,000 (total move-in)
Square Feet: 1,000 approx.
Bedrooms: 2
Bathrooms: 1
Parking: Driveway
Section 8:

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