LISTED PRICE |
11,650,000$ |
11,650,000$ |
11,650,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 11,650,000$ | 100% | 11,650,000$ | 100% | 11,650,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
11,650,000$ |
100% |
11,650,000$ |
100% |
11,650,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (100 pts) | CMHC MLI Select (50 pts) | CMHC (regular) | |||
1st MORTGAGE AMOUNT |
10,675,000$ |
91.6% |
9,775,000$ |
83.9% |
8,050,000$ |
69.1% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC MLI Select | CMHC (regular) | |||
| Rate | 3.75% | 3.75% | 3.75% | |||
| Amortization | 50 | 40 | 40 | |||
| Term | 5 | 5 | 5 | |||
| Maturity Date | ||||||
| Monthly Payment | 39,222$ | 39,174$ | 32,261$ | |||
| Interest Cost | 395,955$ | 361,898$ | 298,034$ | |||
| Capital Payment | 74,708$ | 108,191$ | 89,098$ | |||
| Annual Mortgage Cost | 470,663$ | 470,089$ | 387,132$ | |||
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 |
975,000$ |
8.4% |
1,875,000$ |
16.1% |
3,600,000$ |
30.9% |
|---|---|---|---|---|---|---|
| Net Revenue | 517,575$ | 517,575$ | 517,575$ | |||
| Mortgage Annual Cost | 470,663$ | 470,089$ | 387,132$ | |||
| Cash Flow | 46,912$ | 47,486$ | 130,443$ | |||
| Capital Reimbursement | 74,708$ | 108,191$ | 89,098$ | |||
| Cash Flow + Capital | 121,620$ | 155,677$ | 219,541$ | |||
| Return on Cash Flow | 4.81% | 2.53% | 3.62% | |||
| Return on Investment | 12.47% | 8.3% | 6.09% | |||
| G.R.M. | 15 | 15 | 15 | |||
| N.R.M. | 22.51 | 22.51 | 22.51 | |||
| Cost per Unit | 208,036$ | 208,036$ | 208,036$ | |||
| Cap. Rate | 4.44% | 4.44% | 4.44% | |||
| Debt Coverage | 1.1 | 91.6% | 1.1 | 83.9% | 1.34 | 69.1% |
| - Option 1: New CMHC MLI Select financing with the energy efficiency and affordability criteria (100 points). - Option 2: New CMHC MLI Select financing with the energy efficiency or affordability criteria (50 points). - Option 3: New regular CMHC financing at the prevailing market conditions. |
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