Motivated to Set Down Roots in London

Taylor and Dawn are parents to one 9 year-old and are looking to settle down in their own home where they can build equity and work towards giving their daughter some stability and a strong foundation for a family home. They recognizes that the market is moving quickly and want to get in while the coals are hot. Taylor and Dawn have saved up $15,000 for a down payment and will need to rent-to-own for four years to become mortgage-ready for 2026.


Taylor is a mechanic with the London Golf Club. His income is $80,000 annually. He started this position in 2021. Dawn is a teacher and has put in for a move to the London area. She will start a new position in 2022 when School starts up again. She earned $63,000 in 2020 and is expecting to earn somewhere between $50,000 and $60,000 in her new school. The family also earns a child benefit of $400 each month or $4800 annually.


Both Taylor and Dawn have decent credit. His score is 717 and her score is 616. She needs a little more time to pay down a car loan which is why we have set them up in a four-year term. With a Clover Properties-approved mortgage broker supporting Taylor and Dawn, they should be ready for their own mortgage in four-years.


The family found a great starter home in Glencoe, Ontario, and small hamlet outside of London. The property is well-maintained with a new roof (5 years old) and new water barrier in the crawlspace (2020). The house has 3 bedrooms and two bathrooms. The property is 40 minutes from London and all of its amenities but close to schools and parks in Glencoe as it is located in town.

Next Steps
If you can qualify for a $340,000 mortgage (based on a 20% down payment), and would like to earn about $1,023+ in monthly cashflow to help Taylor and Dawn rent-to-own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $89,600
  • Estimated annual return on investment is 30% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $108,154
  • Your NET monthly cash flow is approx. $1,023+ a month
  • Tenant-buyers have $15,000 for the down payment
  • Tenant-buyers has household income of $130,000

click to downloadspreadsheet


About the Property

  • Purchase price is $425,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $2,772 monthly
  • Tenant-buyer will buy this house in 2026 for $514,820

Next Steps

  • Yes, I want to proceed with this opportunity
  • Meet realtor and sign conditional offer
  • Confirm your financing
  • Review inspection report
  • Review contracts
  • Go firm on the deal
  • Tenant-buyer’s $15,000 down will be used as the deposit on the property with accepted offer
Rachel and Neil Oliver
Rachel and Neil OliverCo-Founders, Managing Partners
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