Family Looks for Stability in a Great Area

Tammy and Allan are a married couple with adult daughter who will be living in the house with her spouse. They have been thinking about homeownership for years and decided now was the time to make the move. They tried to qualify through the bank but were told that Tammy needs to show two years of income at her new self-employed business and Allan needs to repair his credit after paying off a consumer proposal in 2021.  This is what prompted them to call Clover Properties and look at rent to own as a real option to getting into their own home now.   The couple has $15,000 saved for a down payment and have found a great home in the Cambridge area that will work perfectly for this family of four.


The family has an annual household income of $124,240.  Tammy started her own financial advisor/planning business.  She started the business in 2021 and is just beginning to establish herself.  She earned $20,000 last year and is expecting to double it in 2022.  Allan works for Conestoga College Institute.  He is a Professor in the Engineering Department.  Allan has been with the Institute since 2019 and earned $104,240 in 2021.


The family has good credit but need time to rebuild after paying out a Consumer Proposal in 2021.  The Proposal came after Allan was laid off from his previous employment and the family has some challenges keeping up with bills until he was hired with Conestoga.  They will work with a Clover Properties approved mortgage broker to get mortgage ready within a four-year term.


They found a great property that is well-suited for their family in Cambridge, Ontario. This semi-detached home is located in North Galt, has 3-beds, 2-baths and a premium, private lot. Spacious and bright, this home has hardwood throughout and a finished basement with a 2-pc.  Centrally located to all amenities and a short trip to access the 401.

Next Steps
If you can qualify for a $460,000 mortgage (based on a 20% down payment), and would like to earn about $1,293+ in monthly cashflow to help Tammy and Allan Rent to Own, please CLICK the I WANT THIS DEAL BUTTON below.

Investment Property Highlights

  • Your investment is $124,600
  • Estimated annual return on investment is 28% (based on a mortgage rate of 4.00 and 30 yr amortization –approximated)
  • Your estimated NET profit $141,698
  • Your NET monthly cash flow is approx. $1,293+ a month
  • Tenant-buyers have $15,000 for the down payment
  • Tenant-buyers have a household income of $124,240

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Investment Property Highlights

  • Purchase price is $575,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,980 monthly
  • Tenant-buyer will buy this house in 2026 for $700,257