Tenant / Buyer Information:
The client currently owns their beautiful home in Bowmanville. They’ve been here for over 7 years and have completed a number of upgrades to their property. A few years ago entered into a consumer proposal and did not realize the consequences. Their mortgage came up for renewal and to their surprise, they were denied. They both love their home and are looking for an investor to provide some assistance.
One is a nurse and makes an annual income of $78,000.
One is a security guard and has an annual income of $32,000.
The client has a down payment of $6,000 to put down along with first and last months rent.
Rent will be $1975 with $350 in credits each month.
Year 1 Buyout Price = $302,400
Year 2 Buyout Price = $317,520
Year 3 Buyout Price = $330,221
This beautiful well maintained side split 3 bedrooms 2 bathroom home is in the heart of Bowmanville. The backyard is fully fenced and has a lot size of 63 X 91. All the major updates have been completed including; newer roof, newer windows, newer garage insulated garage door, newer furnace and A/C. The basement is fully finished and has a beautiful recreational room with pot lights.