The Secret to Buying a Model Home...

Enjoy the benefits of owning rental real estate without the typical maintenance headaches with Michael David's Model Home Leaseback Program.

Our model homes are meticulously appointed and landscaped.  We incorporate the finest equipment and materials, including upgraded flooring, fireplaces and state-of-the-art appliances.

Financial benefits of the Michael David Homes Model Home Leaseback Program:

• Reliable Rent Payments
• Immediate Long Term Tenant: 12-24 month lease term - with "month-to-month" thereafter
• No Property Management Fees
• 10% discount - Purchase price determined by adding in the model home options, upgrades and premiums and deducting 10%
• Monthly Rent - Rent is based on a 30-year mortgage with a fixed interest rate (today's market interest rate) -- add together the monthly principal, interest, taxes, insurance and HOA dues on a 90% "LTV" (10% down payment) - the total will determine your monthly rental income.  If you decide to use 100% financing, you should have a break even cash flow each month; if you decide to use a larger down payment, your cash flow will be positive.
• Michael David Homes pays for all utilities, routine maintenance, repairs and upkeep.
• Furniture, plants, refrigerators, office furniture and equipment are not included as part of the model home leaseback program.

Ask your Sales Counselor or email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it for details.