Family Looks for Stability Close to Work and School

Shelly and Floyd are a married couple with four children (21,19,18, 13).  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 they needed to pay their car loans down and to revisit the idea with the bank in three years.  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 $35,000 saved for a down payment and have found a great home in the Exeter area that is in the school district for their youngest and close to work for the rest of the family.


The family has an annual household income of $110,968.  Shelly works for Keller Roofing and Sheet Metal.  She has been with the company since 2007 and works in their Human Resources Department.  She earned $61,568 last year.  Floyd works for Saf-t-Cab.  He is a Metal Fabricator /Machine Operator and has been with Saf-t-Cab since 1998.  He earned $49,400 in 2021.


The family has good credit – they just need a little time to pay down their car loans which has made their debt to income ratios too high for a bank to qualify them.  Shelly has a score of 739 and Floyd has a score of 719.  They will work with a Clover Properties approved mortgage broker to get mortgage ready within a three-year term.


The family found a great family home in Exeter, Ontario. The detached property has 3-bedrooms and 2-baths. It has a single car garage.  The house has been well-maintained and cared for but could use a little updating. It has a metal roof, finished basement and a pool in the backyard. This home is located close to the amenties in the town of Exeter and is 30 minutes from both North London and Stratford.

Next Steps

If you can qualify for a $399,920 mortgage (based on a 20% down payment), and would like to earn about $797+ in monthly cashflow to help Shelly and Floyd rent-to-own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $88,080
  • Estimated annual return on investment is 31% (based on a mortgage rate of 3.75 and 30 yr amortization –approximated)
  • Your estimated NET profit $82,622
  • Your NET monthly cash flow is approx. $797+ a month
  • Tenant-buyers have $35,000 for the down payment
  • Tenant-buyers have a household income of $110,968

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Investment Property Highlights

  • Estimated purchase price is $499,900
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,276 monthly
  • Tenant-buyer will buy this house in 2025 for $580,045