About the tenant-buyers:

Lacey and Rohann are married couple with no children.  This couple have been looking at buying their own home for some time.  They found this great starter home and are looking for our rent-to-own program to help them bridge the gap until they can qualify for their own mortgage. The couple have $20,000 for a down payment on this $294,000 property.

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Income

The couple has a total household income of $85,200.  Rohann works for Dr. Magic, a laser tattoo removal business.  He has been with the company since 2019 and earns $38,400 a year.  Lacey is a Registered Nurse with Alberta Health Services.  She is casual/relief and earns around 20 hours per week.  She has been with Alberta Health Services since 2011 and earns approximately $46,800.

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Credit

Lacey and Rohann have very good credit. Rohann has a score of 829 andLacey has a score of 678.  They need a little time to pay down a student loan for Lacey and will be working with a Clover Properties-approved mortgage broker to become mortgage-ready in 2026.

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Property

Lacey and Rohann have fallen in love with this condo in the prestigious community of Riverstone of Cranston,  Calgary, Ontario. This is a family-friendly community complex complete with ravines, walking trails, parks and schools. This house has 3-bedrooms and 1-bathroom, with laundry.  The property was built in 2022 so still has the builder warranty and has assigned parking.   This is the perfect property for this family who are not planning to have kids but want to have a quiet place of their own that has access to amazing amenities.

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Next Steps

If you can qualify for a $235,200 mortgage and want to enjoy $479 in cashflow each month without the hassle of paying land transfer tax, please click the button below to indicate your interest in helping Lacey and Rohann Rent-to-Own their home.

Deal Summary:

Term: 3 years

Purchase Price:  $294,000

Estimated Investment Required: $55,500

Estimate ROI: 27% (based on 7.09% and a 3-year deal)

Estimate Returns: $47,706

TB Down Payment: $20,000

Numbers Summary:

Monthly Payment: $2,401

Condo Fee: $110 (tenants will pay this)

Monthly Cash Flow: $479

Future Purchase Price: $358,562 (after three-years)