LISTED PRICE |
10,550,000$ |
10,550,000$ |
10,550,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 10,550,000$ | 100% | 10,550,000$ | 100% | 10,550,000$ | 100% |
| Estimate for CMHC financing | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
10,550,000$ |
100% |
10,550,000$ |
100% |
10,550,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | ||||
1st MORTGAGE AMOUNT |
8,100,000$ |
76.8% |
6,850,000$ |
64.9% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | ||||
| Rate | 3.8% | 3.8% | % | |||
| Amortization | 40 | 40 | ||||
| Term | 5 | 5 | ||||
| Maturity Date | ||||||
| Monthly Payment | 32,705$ | 27,658$ | 0$ | |||
| Interest Cost | 303,871$ | 256,977$ | 0$ | |||
| Capital Payment | 88,589$ | 74,918$ | 0$ | |||
| Annual Mortgage Cost | 392,459$ | 331,895$ | 0$ | |||
2nd MORTGAGE AMOUNT |
0$ |
0% |
0$ |
0% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | ||||||
| Rate | ||||||
| Amortization | ||||||
| Term | ||||||
| Expiry Date | ||||||
| Monthly Payment | 0$ | 0$ | 0$ | |||
| Interest Cost | 0$ | 0$ | 0$ | |||
| Capital Payment | 0$ | 0$ | 0$ | |||
| Annual Mortgage Cost | 0$ | 0$ | 0$ | |||
CASH TO PURCHASE |
2,450,000$ |
23.2% |
3,700,000$ |
35.1% |
10,550,000$ |
100% |
|---|---|---|---|---|---|---|
| Net Revenue | 430,434$ | 430,434$ | 430,434$ | |||
| Mortgage Annual Cost | 392,459$ | 331,895$ | 0$ | |||
| Cash Flow | 37,974$ | 98,539$ | 430,434$ | |||
| Capital Reimbursement | 88,589$ | 74,918$ | 0$ | |||
| Cash Flow + Capital | 126,563$ | 173,457$ | 430,434$ | |||
| Return on Cash Flow | 1.54% | 2.66% | 4.07% | |||
| Return on Investment | 5.16% | 4.68% | 4.07% | |||
| G.R.M. | 18.13 | 18.13 | 18.13 | |||
| N.R.M. | 24.51 | 24.51 | 24.51 | |||
| Cost per Unit | 329,688$ | 329,688$ | 329,688$ | |||
| Cap. Rate | 4.07% | 4.07% | 4.07% | |||
| Debt Coverage | 1.1 | 76.8% | 1.3 | 64.9% | 0 | 0% |
| - Option 1: New CMHC MLI Select 50 points financing with the energy efficiency criteria. - Option 2: New regular CMHC financing. |
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