This exclusive rent-to-own property at 5391 Connecticut Street in Merrillville stands out as the only listing of its kind in the management's inventory. With a 3-bedroom, 1-bathroom layout, it caters to those aspiring to own their home rather than just rent. The property enthusiastically welcomes pets, with the convenience of accommodating both cats and dogs. Set in a cost-effective price range—22% below the metro average—it represents a prudent choice for budget-conscious homebuyers. While it sits set back from bustling urban life, the tranquility of its location allows for peaceful living. This property is perfectly suited for families or individuals looking to transition into home ownership within a welcoming community.
5391 Connecticut Street is a 3 bedroom, 1 bathroom RENT TO OWN property located in Merrillville. This home has 1,058 square footage and was built in 1927. The basement is unfinished. Schedule your self-viewing of the home through our website, www.rentcaps.com!
Out of the 450 rental properties we manage, this is the only available Rent to Own Property in our inventory. We are looking for someone who wants to own a home, not just rent it.
We do accept pets; we have a fee of $300 per pet due at lease signing, and the price of rent is raised $30 a month per pet. **Limit of 2 pets per home.**
CAPS Requirements For Renters: 1. Net monthly income must equal or exceed 3X the rent amount of the property. 2. Credit score must be 500 or above. 3. No record of evictions may be within the past five years. 4. Monthly debt payments may not exceed 36% of net monthly income.
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Property Details (Fees & Lease)
Income Requirement
Must have 3x the rent in total household income (before taxes)