Couple Finds Affordability and Security with a Rent-to-Own Starter Home

Nahanni and Dwayne are a mature married couple with older kids who have already left the nest. Frustrated by increasing rents, they are ready to start owning their own home. With only $15,000 in savings, they were not able to get approved for their own mortgage at this time because they need more time to build up bigger down payment. They contacted Clover Properties to provide them with the opportunity to get into a home now, before they are priced out of the market. During their 4-year rent-to-own term, they will get the support they need to build up a bigger down payment and improve their credit score so they may take ownership of the home in 2025.


Combined, Nahanni and Dwayne earn $100,000 annually. Nahanni is employed as the Executive Director at the Huronia Museum. She has been with the Museum since 2004 and earns $46,000 annually. Dwayne recently started a new job as a truck driver with Beckstead Milk Transport. He earns $54,000 annually.


Nahanni has a score of 600 and will need a little work to improve it. She has a car loan on her credit but her credit payment history is good. Just carrying too much credit which is slowing down her ability to improve her score. Dwayne has a score of 521. He ran into a some credit challenges when he lost his job in 2019 due to layoff. He has worked small jobs since and has now secured another trucking job in the Simcoe area. Over the next four years, Dwaye will pay down one collection item and focus on re-building his credit score. The couple will be working with a Clover Properties-approved mortgage professional to get the guidance they need to get mortgage-ready.


The family found an affordable starter home in Waubaushene, Ontario in Simcoe County. A charming community for the outdoor enthusiast, it is located just off the 400 and features several marinas, excellent sports facilities and nature trails. This 2-bedroom, 1-bathroom property has an attached double car garage, workshop, steel roof and a large in-town property settled among million dollar properties up and down the street. The house is one block from Sturgeon Bay. The house is dated but Nahanni and Dwayne are excited to have the opportunity to add value improvements to the property and make it their own. The property is just 30 minutes from Barrie and 20 minutes from Midland and Orillia. This is fantastic opportunity for an investor who wants to get into investing in rent to owns as the homebuyers are stable and determined to make this their home as it is close to their employment and their grand-kids.

Next Steps
If you can qualify for a $344,000 mortgage (based on a 20% down payment), and would like to earn about $1,015+ in monthly cashflow to help Nahanni and Dwayne Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $90,700
  • Estimated annual return on investment is 30% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $110,308
  • Your NET monthly cash flow is approx. $1,015+ a month
  • Tenant-buyers have $15,000 for the down payment
  • Tenant-buyers has household income of $100,000

click to downloadspreadsheet


About the Property

  • Purchase price is $430,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $2,752 monthly
  • Tenant-buyer will buy this house in 2025 for $518,720

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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