rent-to-own luxury house - 100 four oaks
DESCRIPTION
Rent-to-own this luxury detached house in prime Toronto location. Gain in net-worth at the same time.TRANSCRIPT
Live in a Luxury HomeRent-to-Own it and Increase your Net WorthCustom Built Luxury Detached House on a prime street, 100 Four Oaks
Toronto, Ontario
Thomas Wongwww.happinessinspiration.com416-806-9568thomaswong@rogers.com
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
The Opportunity
• Live in a brand new luxury custom built detached house in Toronto in prime location
• Pay very small amount of initial deposit (<5%)• Rent-to-own the property and increase your
net worth• Minimize down side risk and maintain up side
gain
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
The Property
• Brand new 2 storey custom built luxury detached house
• Hardwood floor throughout Main floor and second floor
• Granite counter top kitchen• Stainless steel appliances• Walk out to deck• Convenient Toronto location• Property appraised for $750,000 in December
2008.
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
Current Pictures of Property
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
Potential Rent-to-Own Arrangement
Description of the property: 100 Four OaksType of Property: Free Hold
Current Value of the Property $ 675,000
3 3
3 Year Lease Opt.
Initial Deposit $15,000
Monthly Rent $3,675
Monthly Option Premium $1,610
Monthly Condo Fee $270
Total monthly payment $5,285
Addition Monthly Option Bonus $200
Purchase priceat the end of lease term 759,283$
Down payment credit at purchase 80,160$
% Down available at the end of Lease 11%
Monthly mortgage payment after purchase $3,427.45
Total Monthly payment after purchase (incl. condo fee) $3,697
Interest rate 5%
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
What if I buy it now? (What will happen in 3 years)
Current Market Value: $675,000
Buy it nowPurchase price $675,000
Down Payment 20% $135,000
Mortgage amount $540,000
Amortization (years) 35
Interest rate (per annum) 5.00%
Appreciation rate 5.00%
Lease term 3
Monthly Payment Mortgage $2,725.31
Property tax $375.00
Insurance $66.67
$3,166.98
Net Worth Initial Down $135,000
Appreciation $106,397mortgagepay down 18,420$
$259,817
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
How about Rent-to-Own?Rent-to-own & Invest
Current base price $675,000
Future purchase price 759,283$
Future market value 781,397$
Down Payment credit 80,160$
Investment Amount $120,000
Investment ROI 20% $87,360
Monthly Payment rent-to-own $5,285
Net Worth Down PaymentCredit 80,160$ Purchase discountequity 22,114$
Investment Principle $120,000
Investment return $87,360
309,634$
Rent-to-own Benefit 49,817$
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
Who can benefit?
• You have money for 20% down to purchase this property
• You are a good investor who know where to get 20% ROI per year for your investment
• You want to minimize the down side risk and maintain the up side gain
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
Other Benefits
• You do not need to use your ability to get mortgage on a property that does not generate income for you
• You may be able to buy more investment properties
• You gain control of and live in the nice property with minimal initial cash
• If the property value increase significantly in the next few years, you still profit from the gain
• If the property value goes south, your exposure is limited to the option premiums paid
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
Interested and what’s next
• Give me a call, 416-806-9568 or send me an email
• Let’s explore it further, we will work with you to make the rent-to-own program most beneficial to you
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
Questions & Answers
www.happinessinspiration.com Thomas Wong - 100 Four Oaks
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