Opinion on a Lease to own contract

[Anand Dokkara]

Hello Everyone,

I am new to this forum and real estate investment.

I am looking for your opinion on Lease to Own option comparative to renting my property.

I own a house in Gilbert AZ and now moving another house in the nearby neighborhood. So planning to rent this house through a property management company. Now, I got an offer from one property management company with Rent to Own option. 

They have sent a contact with the below option.

Option Price: $410K (Total cash paid to the owner. No real estate commissions deducted)

Option Consideration: $10,000

Monthly Rent: $2350

Lease term: 24 months

My home current market value is $390K (Appreciated 9% over one year)

Looking for your opinion on the below:

Home current age: 11 years. When I rent this home, there will be a cash flow of $100  on my home.

Is it a good idea to consider this lease to own option or just rent for couple more years?

As the home age is above 11 years, will the home value depreciated here after?