Rent to Own

London, ON

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Residential

Primary Listing
Purchase Price

$940,000

Projected Gross Rental Yield

4.47%

Projected Annual ROI

39%

Capital At Risk - Please read Key Risks and Purchaser's Rights before investing.

Funding Amount

Purchase Price

$940,000

Closing Costs

$20,000

Reserve Fund

$10,000

Funding Amount* info_green

$970,000

* Funding Amount is a combination of Debt and Equity.

Rental Yield

Gross Annual Rental Earnings

Purchase Price

$42,000

$940,000

Projected Gross Rental Yield info_green

4.47%

Gross Annual Rental Earnings - Projected Annual Expenses

Purchase Price

$42,000 - $15,000

$940,000

Projected Cap Rate info_green

2.87%

Annual ROI

39%

Understanding Annual ROI

Value: 10

Projected total returns:

Economic Drivers

    • London is located within two hours of three major U.S. border crossings - Sarnia/Port Huron, Windsor/Detroit, and Niagara/Buffalo.
    • The city offers unparalleled access to world-class research at Western University, Fanshawe College and the Fraunhofer Project Centre. London is an ideal place for learning at the post-secondary level, with a growing population of local and international students.
    • London is home to several large companies that are leaders in their industry sectors, including 3M Canada, Trojan Technologies, Dr. Oetker, Brose, Hyundai L&C, London Life and General Dynamics Land Systems.

Real Estate Trends

    • According to the national real estate market For January 2022, the average home price in Canada's housing market was $748,439, up 20% from last year. Compared to last month, average Canadian home prices are up 5% from December 2021's average home price of $713,542. Meanwhile, the MLS Benchmark Price increased 23% year-over-year to $825,800 for January 2022.

New Property

historical img

Market Metrics

HPI Growth In Last 1 Year

24%

HPI Growth In Last 5 Year

118%

Strong sales and limited supply continue to spur big price gains to start 2022

  • National home sales edged up 1% on a month-over-month basis in January.

  • Actual (not seasonally adjusted) monthly activity came in 10.7% below the record January in 2021.

  • The number of newly listed properties dropped 11% from December 2021 to January 2022.

  • The MLS® Home Price Index (HPI) rose a record 2.9% month-over-month and was up a record 28% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted a 21% year-over-year gain in January.

Source: https://creastats.crea.ca/en-CA/