Edmonton Rent-to-Own Opportunity

About Edmonton, AB:

Edmonton is a city that’s growing at an impressive pace. With a population increase of 12% between 2006 and 2011, it’s outstripped the Canadian national average significantly. The city’s population growth is underpinned by a solid job market, thanks to sectors like oil and gas, agriculture, and manufacturing. The government, university, and health services are among the top employers, creating a diverse job pool.

About the tenant-buyers:

Jeff is a hard-working single guy.  He has been renting and is tired of investing his money into someone else’s property.  He needs a little time to build up his down payment but has great income and credit.  He is determined to own and has found a great, two-bed, two-bath condo in downtown Edmonton. He has $10,000 for a down payment and is ready for a 4-year journey to make this house their own.

 ———————————-
Income

Jeff has a total income of $120,548.  He is employed with Primoris Canada and has been an Operator Principal at their Acheson location since 2021.

———————————-

Credit

Jeff has decent credit at 580 and is not carrying very much debt.  His challenge was a small collection for $393 that has eroded his credit.  He will pay this off and start working on building his credit back up.  He’s going to get some expert advice and kept accountable during the Rent-to-Own journey to make sure he is mortgage-ready by 2028.

———————————-
Property

The condo Jeff found is listed for $105,000.  It has two-beds, two-bath and has been well-maintained. The property is located on the top floor so the views are exquisite spanning the River Valley and the city skyline.  Inside is an inviting open design. The kitchen comes with beautiful built-in cabinetry and ample storage, including a generously-sized pantry.   The primary bedroom has elegant his double closets with custom wardrobe built-ins and a 2-piece bath. There is also the versatile second bedroom or office space. With on-site security and an array of amenities close-by, including close proximity to walking trails, the LRT, downtown, and the University of Alberta, this property promises convenience and comfort.

————————–

Next Steps

Unlock $835 estimated monthly cash flow when you purchase this property with cash.  With inspection and condo docs review in play, you will be making a smart, secure investment.  If you want to move on this opportunity, click the green button below and request this time-sensitive deal.

Purchase in Cash? Here are the deal highlights:

Term: 4 years

Purchase Price:  $105,000

Estimated Investment Required: $27,700

Estimate ROI: 11% (based on full cash purchase)

Estimate Returns: $48,260

TB Down Payment: $10,000


Rent-to-Own Monthly Payment: $1,085

Condo Fee:  $1219 (paid by tenant-buyer – covers regular building maintenance, insurance, electricity, heat and water)

Monthly Cash Flow: $835

Future Purchase Price: $150,760 (after four-years)

Want to use your HELOC for entire purchase? Here are the deal highlights:

Term: 4 years

Purchase Price:  $105,000

Estimated Investment Required: $27,700

Estimate ROI: 3% (based on HELOC of 7.7% and a 4-year deal)

Estimate Returns: $13,844

TB Down Payment: $10,000


Rent-to-Own Monthly Payment: $1,085

Condo Fee:  $1219 (paid by tenant-buyer – covers regular building maintenance, insurance, electricity, heat and water)

Monthly Cash Flow: $118

Future Purchase Price: $150,760 (after four-years)