About the tenant-buyers:

Komail and Kekhashan, a recently married couple are determined to step into homeownership as soon as possible. After four years of renting and witnessing escalating housing prices, they have chosen to secure their future in the Niagara region for its affordability and the added bonus of being close to family. Komail, a dependable unionized worker in the construction industry, brings both stability and handyman skills—ideal for any home maintenance needs that might arise. With a solid down payment of $20,000, stable income and affordable price point, the couple is poised for a successful exit in 2028.

 ———————————-
Income

Komail is the primary income earner, making $95,000 annually at a unionized job. He has been with Jentry Construction Ltd. since 2022, employed as a Drain Man. His consistent income, backed by union support, offers a layer of financial security for this couple. His wife Kekhashan contributes an additional $15,000 to the household from her job at a local Subway. Although her earnings are in cash and not formally acknowledged, they provide a comfortable buffer for daily expenses, enhancing the couple’s financial stability.

———————————-
Credit

Komail, having naively used his credit card for wedding expenses, now faces a a four-year term to rebuild his credit after working hard to bring the debts down. He does not have any collections but will benefit from a four-year recovery plan under the guidance of a mortgage agent appointed by Clover Properties. This period will allow him to rebuild his credit and pay down lingering debt to be mortgage-ready by the end of the Rent-to-Own term in 2028.

———————————-
Property

The couple found a starter home they love, a great two-story home close to all amenities in Niagara Falls. Freshly painted throughout There are three bedrooms and two baths. The updates to the property include a roof, a new hydro panel modern kitchen, exterior doors, flooring and some new windows. Open-concept living room/ dining room area with French doors to the front sitting area. A large kitchen leads to a family room addition with patio doors, a main floor three-piece bath, and a laundry room. The second level has three bedrooms including a large master and a four-piece ensuite bathroom. There is a paved drive and a detached oversized one-car garage which provides ample storage.

———————————-
Next Steps

If you can qualify for a $320,000 mortgage and want to enjoy $681 in cashflow each month, please click the button below to indicate your interest in helping Komail and Kekhashan Rent-to-Own their own home.

Deal Summary:

Term: 4 years

Purchase Price:  $400,000

Estimated Investment Required: $81,200

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

Estimate Returns: $98,339

TB Down Payment: $20,000

Numbers Summary:

Rent-to-Own Monthly Payment: $3,150

Condo Fee: $0 (tenants will pay this)

Monthly Cash Flow: $681

Future Purchase Price: $498,910 (after four-years)