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:

Meet Dennis and Shenna, hard-working parents of two kids (13 and 9).   As first-time homebuyers, they have been doing their best to navigate the market and get themselves into a position where they can qualify for their own mortgage.  They recently realized that it was difficult to fix credit and build up a down payment on their own and decided they needed some help.  With 15k down, they have come to Clover Properties to help them rent-to-own a nice, affordable Edmonton property to help them get on the path to homeownership and prove security and stability to their kids.

 ———————————-
Income

Dennis and Shenna bring in a combined annual income of $99,349. Dennis earns $50,669 working for Alberta Health Services as a Clerk.  He has been employed in this position since 2016.  Shenna is a Manager at Canadian Tire and earns $41,000 annually.  She is a Manager in the store and has been employed since 2015.  The family also receive $7,680 in child benefits annually.

———————————-
Credit

Neither Dennis or Shenna are carrying debt. Dennis has a score of 569 and Shenna has a score of 579.  Both will continue to work on their credit and will receive more guidance from a Clover Properties-approved mortgage professional to help the family become mortgage-ready by 2028.

———————————-
Property

Dennis and Shenna found a great little semi-detached home in Edmonton, Alberta.  Affordably priced, this 3-bed, 3-bath offers tons of natural light, an open concept kitchen, cozy breakfast nook, raised island eating bar and a comfortable great room that leads to the perfectly manicured back yard.  There is a full-unfinished basement that is ready for someone to finish where another bed, bath or rec-room could easily be added.  The location of this home also provides great access to the Anthony Henday and is surrounded by local shops, restaurants and much more.

Next Steps

This rent-to-own deal means more than just profits, you’re also investing with the purpose to helping Dennis, Shenna and their kids start on their promising future as homeowners. If you’re able to qualify for a mortgage of $251,920,  you can enjoy monthly cashflow of approximately $616 for 4 years. Click the green button to snag this deal.

Deal Summary:

Term: 4 years

Purchase Price:  $314,900

Estimated Investment Required: $64,680

Estimate ROI: 30% (based on 5.99% and a 4-year deal)

Estimate Returns: $77,130

TB Down Payment: $15,000

Numbers Summary:

Monthly Payment: $2,763

Condo Fee: $0 (tenants will pay this)

Monthly Cash Flow: $616

Future Purchase Price: $390,524 (after four-years)