Own & Live Rent Free in this HouseWhile other tenants pay for your mortgage

Detached Triplex house on large lot in Dunnville, Ontario

111 Cedar Street

Rent-To-Own This Lovely Property

Detached Triplex house on large lot in Dunnville, Ontario

111 Cedar Street

The Opportunity

Solid brick triplex detached house with recent upgrades

Current owner is restructuring his own investment portfolio and offer great incentives for you to rent-to-own this house

With $6,000 initial cash deposit, you will own this lovely house in a few years

If you rent out a portion ofthe house, you almost paynothing per month

Features of Property

Two storey brick triplex with separate meters 50x 130 ft lot Centrally located in Dunnville, Ontario

1 block to mid-town 0.5 block to river and park (Wingfield Public Park)

The apartments: 2 bedroom- upper – all new windows and bay window in

bedroom 1 bedroom on main level includes access to basement and

large front porch Bachelor on ground floor- private porch

Lots of parking spaces (about 10 cars) and nice big yard

Closer Look of the Property

Closer Look of the Property

The Deal

The current value of the house is $189,000.00 You can rent-to-own this house with only $6,000.00 initial deposit With a monthly payment

of $1,920.00, you will own the house in a few years. A portion of the monthly payment ($520.00) will go towards your down payment each month.

If you live in the 1 bedroom unit and rent out the rest, you will get total rental income of $1,050.00 per month to help your monthly payment

What is Rent-To-Own

Rent-To-Own is a way to help you to buy the house when you cannot get a good mortgage

You pay a small initial deposit which will go toward the down payment when you buy the house

During the lease term, part of your monthly payment goes towards rent and part of it goes towards down payment.

At the end of the lease term, you improve your situation enough to get a mortgage and buy the property.

Benefit of Lease Option –Tenant

Opportunity to buy a house during challenging financial circumstances: Not enough down payment Bad credit or no credit history Not enough reported income

Lock in purchase price when saving up for the down payment

Pride of ownership and flexibility in upgrading the property

Financial Analysis – Rent-To-Own Analysis of Rent-to-own/Lease Option for Renter/Home Buyer

Description of the property:

111 Cedar Street - Dunnville

Type of Property: Free HoldCurrent Value of the Property $ 189,000

3 3

3 Year Lease Opt.

Initial Deposit $6,000

Monthly Rent $1,600

Monthly Option Premium $320

Monthly Condo Fee $270

Total monthly payment $1,920

Addition Monthly Option Bonus $200

Purchase priceat the end of lease term 218,791$

Down payment credit at purchase 24,720$

% Down available at the end of Lease 11%

Monthly mortgage payment after purchase $979.45

Total Monthly payment after purchase (incl. condo fee) $1,249

Interest rate 5%

Details of Rental Income

Tenants pay for their own utilityMonthly rent from the apartments:

2 bedroom- upper $600 1 bedroom on main level owner occupied Bachelor on ground floor $450

Total monthly rental income $1050

Map of the property

Take Action Now

For further information contact: Cheryl at 1-877-255-1953 or 416-892-1953 or Email cherylkiko@yahoo.com