Go-Getter Single Lady Shooting for Her OwnHome

Beverley 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.

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Employment

Beverley has an annual household income of $91,380.  She works for Y Drive, Peterboroughs only ride share provider, as a driver and has been with the company since October 2021.

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Credit

Beverley 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.

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Property

Beverley found a great family home in family-friendly Norwood, 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 Norwood or Havelock and is 25 minutes from downtown Peterborough.

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Next Steps

If you can qualify for a $319,920 mortgage (based on a 20% down payment), and would like to earn about $870+ in monthly cashflow to help Beverley 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

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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