Five bedrooms, generous gathering spaces, and practical design—built with quality and priced with discipline.
A separate purchase option can give you the right—not the obligation—to buy at the agreed price and may offer potential financial upside if the home increases in value.
How the Option Works
Easy process. Clear control. Definable future.
The net-expense lease and the purchase option are separate agreements. Renting does not require buying the option. For a one-time $500 fee, the option adds a defined purchase price that is scheduled to decline every month.
$5,000 to get in*
What the option allows you to do
$4,641.50 upfront*
About $24,000 upfront†
Varies
For the option calculation, each timely paid month reduces the exercise price by the principal amount in a 30-year amortization schedule at 6%. This is a contractual price schedule—not equity in a mortgage—and the signed attorney-reviewed agreement controls.
| Timing | Exercise price | Total scheduled reduction |
|---|---|---|
| Start | $325,000.00 | — |
| Month 1 | $324,676.46 | $323.54 |
| Month 12 | $321,008.96 | $3,991.04 |
| Month 24 | $316,771.77 | $8,228.23 |
| Month 36 | $312,273.23 | $12,726.77 |
| Month 48 | $307,497.23 | $17,502.77 |
| Month 60 | $302,426.66 | $22,573.34 |
*The $5,000 option-path figure includes $1,950 first-month base rent, a $2,550 security deposit, and the $500 option fee. Current monthly tax ($521.50) and insurance ($170) reimbursements are separate and bring the initial monthly net-expense payment to $2,641.50. The lease-only example uses the first month’s full initial monthly payment plus the current $2,000 deposit. Security deposits remain governed by the lease. †Traditional-purchase illustration assumes a $299,999 price, 5% down, 3% estimated closing costs, a 30-year fixed loan at 6.76%, current monthly tax and insurance estimates, and illustrative PMI of 0.5% annually. It is not a loan quote. Rate benchmark: Freddie Mac, September 10, 2026. All option and lease terms remain subject to final attorney-approved agreements.
This completed home combines an open living and kitchen area with five bedrooms and flexible spaces for family, guests, work, or hobbies. Light finishes, durable flooring, and clean lines keep the home bright and easy to live in.
Browse the complete professional photo collection for 106 E Miller Street, including exterior, interior, and aerial views.
Malachi 310 Construction builds completed, move-in-ready homes with careful control of land, materials, labor, and design decisions.
Our cost-plus-profit approach is intended to sustain a healthy business while keeping quality homes more attainable and allowing continued investment in Texoma communities.
106 E Miller Street is located in Whitewright, Texas 75491, within the broader Texoma community where Malachi 310 Construction lives, builds, and invests.