Arthur Rent-to-Own Opportunity
About Arthur, Ontario:
Arthur offers the comforts of a friendly small town blended perfectly with the rich culture of a historical village. Arthur has a population over 2700 and blends the lifestyle of country with the everyday essentials of city life and modern living.
Now boasting the Cachet’s latest master-planned community, Cachet Arthur, the village is poised for a boom in neighbourhood growth. The real estate market in Arthur is a well-rounded mix of single-family homes, country acreages, and newly built modern homes. Newer homes in the area are selling for over $900,000.
About the tenant-buyers:
Brenna and Aldo are ready to move from renting to owning, especially after receiving notice that their landlord plans to move back into the home. With no kids to consider, they see this as the perfect time to achieve homeownership and secure their future. They have $27,000 saved for a down payment, stable jobs, and fair credit, which sets them up for a successful Rent-to-Own journey.
They chose Arthur, Ontario, for its affordability, allowing them to secure a home they love without stretching their budget which is really important to them. This charming 3-bedroom detached home, priced at $514,900, is a great value compared to nearby markets like Orangeville, where single-family homes average around $839,871.
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Income
With a combined annual income of $145,024, Brenna and Aldo have a strong foundation for their rent-to-own journey. Brenna, who has worked as a Credit and Sales Coordinator at Pave-AL since 2019, earns $69,000 annually. Aldo, a Client Service Worker for the City of Toronto, brings in $76,024 and has been with the city since 1999. Their long-standing employment demonstrates a strong commitment to their careers, providing stability for their transition to homeowners.
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Credit
Brenna and Aldo have credit scores of 646 and 651, showing a solid foundation they’re eager to improve. They’re focused on paying down debt with guidance from our team, setting them on track to qualify for a mortgage by 2028.
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Property
Their chosen home in Arthur, Ontario, is a beautifully updated 3-bedroom, 2-bathroom detached property with a mix of modern updates and classic charm. The main floor is spacious with an updated kitchen and bathrooms, and the upstairs offers comfortable bedrooms. Arthur’s location along Highway 6 makes commuting easy on the days they need to drive into the city, providing convenient access without the higher costs of city living. The area also offers nearby parks, schools, shopping, and dining—an ideal setup for Brenna and Aldo’s lifestyle.
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Next Steps
With a purchase price of $514,900, the required mortgage is approximately $415,920.
If you’re looking for a lower priced detached property in Ontario that generates about $930 a month in cashflow (after expenses) this is the RTO for you! Hit the green button now to scoop up this deal.
Deal Summary:
Term: 4 years
Purchase Price: $519,900
Estimated Investment Required: $101,080
Estimate ROI: 32% (based on 5.34% and a 4-year deal)
Estimate Returns: $129,368
TB Down Payment: $27,000
Numbers Summary:
Monthly Payment: $3,927
Condo Fee: $0 (no condo fee as it is a freehold town house)
Monthly Cash Flow: $930
Future Purchase Price: $634,941 (after four-years)