Rent to own
Fredericksburg, TX
4 bd · 2 ba · 2,140 sqft · 0.8 acre
36-mo option · $404,250 purchase price
$2,450 / month
$610/mo credited to purchase
Illustrative example only. This is not a property offer. Browse available homes.
Homes · Asheville, NC · 218 Cumberland Avenue
218 Cumberland Avenue
2 bed · 2 bath · 1,310 sq ft
Craftsman bungalow built in 1928, on a 0.19-acre lot. Listed directly by the owner.
Monthly
$2,300
Credited / mo
$580
Purchase price
$379,500
Option term
36 months
The full agreement
All eight material terms, as they appear in the contract. Nothing here is withheld until you make contact — that's the point. What these terms mean →
1Purchase priceFixed at signing for the full option term$379,500
2Option feePaid upfront; credited toward the purchase price$11,385credits in full
3Monthly rent creditAccrues toward the purchase each month paid on time$58025% of rent
4Option termBegins at move-in; 60 days' written notice to exercise36 months
5Maintenance & repairsTenant covers repairs under the threshold; owner covers above it, plus roof, HVAC, and structure$400per incident
6Default & cureLate payment cure period before credits are at risk15 days
7Assignment & transferOption may be assigned with the owner's written consent; agreement survives a sale of the propertyPermittedwith consent
8Closing mechanicsTitle insurance and escrow through a licensed agent; financing contingency at exercise45 daysto close
What you'd accrue
Option fee plus rent credits, assuming every payment is made on time across the full 36-month term.
$11,385
$18,345
$25,305
$32,265
Move-inMonth 12Month 24Month 36
If you don't exercise the option, this is forfeited. The $32,265 shown above accrues only toward a purchase. Under this agreement, credits and the option fee are retained by the seller if you choose not to buy or cannot obtain financing by month 36.
This is the standard structure in this category and it is the single most important term to weigh. We show it here rather than in the fine print because a buyer who is surprised by it later is a buyer we failed.
Property details
Year built
1928
Lot size
0.19 ac
Garage
1 car, detached
Heating
Gas furnace
Cooling
Central
HOA
$0 / mo
Kitchen updated 2022. Roof replaced 2021, transferable warranty. Original heart-pine floors and a full-width front porch. Fenced rear yard. Property taxes of approximately $3,640 per year and hazard insurance are the tenant-buyer's responsibility during the option term and are not included in the monthly payment above.
Listed by the owner
RW
R. Whitfield
Owner of record since 2014 · Verified against county deed records · Title checked for liens on 4 August 2026
Reach the owner by phone or email, directly. Your details go to this seller and to no one else — never to lenders, agents, or marketing lists.
Location
Montford, a short walk north of downtown Asheville. Exact position shown after you contact the seller.
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