111 Cedar St Rent To Own Rev 2

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Great rent-to-own house in Dunnville Ontario. With rental income to supplement the cost.

Great rent-to-own house in Dunnville Ontario. With rental income to supplement the cost.

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  • 1. Own & Live Rent Free in this House While other tenants pay for your mortgage Detached Triplex house on large lot in Dunnville, Ontario 111 Cedar Street
  • 2. Rent-To-Own This Lovely Property Detached Triplex house on large lot in Dunnville, Ontario 111 Cedar Street
  • 3. 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 of the house, you almost pay nothing per month
  • 4. 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
  • 5. Closer Look of the Property
  • 6. Closer Look of the Property
  • 7. 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
  • 8. 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.
  • 9. 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
  • 10. Financial Analysis – Rent-To-Own
  • 11. Details of Rental Income
    • Tenants pay for their own utility
    • Monthly 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
  • 12. Map of the property
  • 13. Take Action Now
    • For further information contact:
      • Cheryl at 1-877-255-1953 or 416-892-1953
      • or Email cherylkiko@yahoo.com