Go-Getter Single Lady Shooting for Her OwnHome
___ is single woman who works in the Peterborough area and has recently had to move rentals as a result of her landlord selling. She moved into a month to month rental but the increased rental amounts made her want to own her own home. She is a hard-worker and is looking for a way to get into homeownership after the banks declined her and told her to come back to them in a few years due to her car loan. Beverley has $20,000 saved for a down payment.
———————————-
Employment
____ has an annual household income of $____. She works for Y Drive, Peterboroughs only ride share provider, as a driver and has been with the company since October 2021.
———————————-
Credit
_____ has good credit but has a car loan that she needs to pay down to qualify for her own mortgage. She will work with a Clover Properties approved mortgage broker to get mortgage ready within a four-year term.
———————————-
Property
_____ found a great family home in family-friendly _____, Ontario. The detached property has 3-bedrooms and 1-bath. The house has been well-maintained and cared for. This home is located 10 minutes to the amenties in the town of _____ and is 25 minutes from downtown _____.
———————————-
Next Steps
If you can qualify for a $____ mortgage (based on a 20% down payment), and would like to earn about $___+ in monthly cashflow to help ____ rent-to-own, please click the button below to indicate your interest in the deal.
Investment Property Highlights
- Your investment is $81,080
- Estimated annual return on investment is 29% (based on a mortgage rate of 4.40 and 30 yr amortization –approximated)
- Your estimated NET profit $94,206
- Your NET monthly cash flow is approx. $870+ a month
- Tenant-buyers have $20,000 for the down payment
- Tenant-buyers have a household income of $91,380
Investment Property Highlights
- Purchase price is $399,900 (estimated purchase price))
- Target closing date is 30 days
- Tenant-buyer agrees to pay $2,940 monthly
- Tenant-buyer will buy this house in 2026 for $488,232