Young Family Looks for Stability

Julius and Em  are a married couple with two children (2 and 5).  They have been thinking about homeownership since they found out their landlord was planning to sell last summer but could not manage to get into the market due to the speed at which homes were selling in the Windsor area.  It also became clear that they would need more time as Julius had a couple of collection items on his credit he didn’t know about which he has since been working on clearing.  The couple has $15,000 saved for a down payment and have found a great home in the Windsor area.


The family has an annual household income of $76,784.  Julius works as a Supervisor with Loblaws.  He has been in this employment since 2012.  Em is currently a stay-at-home mom for now as they did not see the point in her working when they have daycare costs that would be equivalent to the income she would earn.  Her plan is to go back to work once the kids start school. The family has child benefits of $8,784 annually.


Em has good credit.  She is carrying little debt and has a score over 600.  During the process of trying to qualify for a mortgage, Julius found out about a couple of collection items on his credit that would be holding him back.  He started working on clearing them but needs time in order to rebuild his credit and qualify for his own mortgage.  They will work with a Clover Properties approved mortgage broker to get mortgage ready within a four-year term.


The family found a great family home in the Walkerville area of Windsor, Ontario. The detached property has 3-bedrooms, 2-baths and a 1 1/2 car garage. The house has been well-maintained and recently updated.  It is close to transit, schools, parks, shopping, restaurants and more.

Next Steps

If you can qualify for a $308,000 mortgage (based on a 20% down payment), and would like to earn about $800+ in monthly cashflow to help Julius and Em rent-to-own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $82,900
  • Estimated annual return on investment is 29% (based on a mortgage rate of 3.75 and 30 yr amortization –approximated)
  • Your estimated NET profit $94,631
  • Your NET monthly cash flow is approx. $801+ a month
  • Tenant-buyers have $15,000 for the down payment
  • Tenant-buyers have a household income of $76,784

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Investment Property Highlights

  • Estimated purchase price is $385,000 (estimated price based on sales in the area
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $2,688 monthly
  • Tenant-buyer will buy this house in 2026 for $474,815