Caledonia Rent-to-Own Opportunity

About the tenant-buyers:

Sheldon is a single guy looking to move out of the rental market and get his money working for him on his path to homeownership.  He is a hard-working individual who is very determined to own his own home.

He has found a great property in his price point that needs a little updating which is what he wanted so he can add value to the property.   He has saved $45,000 towards their down payment and will need three years to become mortgage-ready.


Sheldon has a total household income of $110,696. He works for Peel District School Board as a Special Needs Teacher.  He earns $45,800 annually and has been with the School Board since 2018.  Sheldon also works with special needs students privately, he takes care of and educates special needs in their home environment.  He earns $64,896 annually and has been doing this since 2022.


Sheldon requires time to repair his credit.  His score is 504 but he does not have any debt after clearing his debts and is now focused on rebuilding his credit score and history.  He will be working with a Clover Properties approved mortgage professional over the three-year term to get mortgage ready by 2026.


Sheldon has found a great starter home in Caledonia, Ontario.   The house has 4-bedrooms and 1-bathroom. The property has main floor laundry, a garage and car port.  Located close to the downtown core of Caledonia, it is close to amenities, transit, schools, parks and is just 30 minutes from Hamilton and Brantford.  It is dated but has solid bones as the sellers are an older couple.  The offer would include inspection.

Next Steps

If you can qualify for a $380,000 mortgage and want to enjoy $556 in cashflow each month, please click the button below to indicate your interest in helping Sheldon Rent-to-Own his own home.



Deal Summary:

Term: 3 years

Purchase Price:  $475,000

Estimated Investment Required: $72,200

Estimate ROI: 31% (based on 7.09% and a 3-year deal)

Estimate Returns: $66,918

TB Down Payment: $45,000

Numbers Summary:

Rent-to-Own Monthly Payment: $3,581

Condo Fee: $0 (tenants will pay this)

Monthly Cash Flow: $556

Future Purchase Price: $552,872 (after three-years)