Couple Looking to get Back Into Homeownership

Serah and Brian are an older couple who are investigating life with second-relationships after their original marriages didn’t work out.  They had purchased a trailer home together but wanted to move closer to Windsor for their employment.  They sold their property and will use the proceeds to pay off debt.   They are not able to qualify now as they need time to repair credit after paying off their debts. This is what prompted them to call Clover Properties and look at rent to own as a real option to getting back into their own home now.   The couple has $20,000 saved for a down payment and have found a great home in the Tilbury area.


The family has an annual household income of $78,000.  Serah works for GOWAY Travel as a Reservations Manager.  She has been with the company since 2020 and earns $46,000 annually.  Brian currently earns $32,000 through his Pension but will be starting work in 2022 as a truck driver out of Windsor.


The family has good credit – they just need a little time to pay down their debts which has made their debt to income ratios too high for a bank to qualify them.  They will use the proceeds from the sale of their home to pay down their debts.  Brian claimed bankruptcy on the advice of his financial advisor in 2021 despite having very little debt and will need two years to repair his credit.  They will work with a Clover Properties approved mortgage broker to get mortgage ready within a three-year term


The family found a great starter home in Tilbury, Ontario. The detached property has 2-bedrooms and 1-bath. It has a single car garage.  The house has been well-maintained and has a new roof which was replaced in 2018.. This home is located close to the amenties in the town of Tilbury and is 35 minutes from Windsor.

Next Steps

If you can qualify for a $240,000 mortgage (based on a 20% down payment), and would like to earn about $751+ in monthly cashflow to help Serah and Brian rent-to-own, please click the button below to indicate your interest in the deal.

Investment Property Highlights

  • Your investment is $59,600
  • Estimated annual return on investment is 30% (based on a mortgage rate of 4.40 and 30 yr amortization –approximated)
  • Your estimated NET profit $54,120
  • Your NET monthly cash flow is approx. $751+ a month
  • Tenant-buyers have $20,000 for the down payment
  • Tenant-buyers have a household income of $78,000

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Investment Property Highlights

  • Purchase price is $300,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $2,365 monthly
  • Tenant-buyer will buy this house in 2025 for $358,181