Immeubles Gloria
5730 De Salaberry, Cartierville
33 residential units, 0 commercial units | 8,500,000$

Investment Analysis

LISTED PRICE
8,500,000$
  
8,500,000$
  
8,500,000$
  
Purchase Price (estimated) 8,500,000$ 100% 8,500,000$ 100% 8,500,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
8,500,000$
 100%
8,500,000$
 100%
8,500,000$
 100%
Financing Type Assumption CMHC (regular) CMHC MLI Select (50 pts)
1st MORTGAGE AMOUNT
5,156,786$
 60.7%
6,500,000$
 76.5%
7,225,000$
 85%
Lender Peoples Trust CMHC CMHC (regular) CMHC MLI Select
Rate 4.2% 3.9% 3.9%
Amortization 47 40 40
Term 7 5 5
Maturity Date 2032-08-01
Monthly Payment 20,848$ 26,638$ 29,609$
Interest Cost 214,029$ 250,242$ 278,154$
Capital Payment 36,153$ 69,408$ 77,150$
Annual Mortgage Cost 250,182$ 319,651$ 355,304$
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
3,343,214$
 39.3%
2,000,000$
 23.5%
1,275,000$
 15%
Net Revenue 414,750$ 414,750$ 414,750$
Mortgage Annual Cost 250,182$ 319,651$ 355,304$
Cash Flow 164,568$ 95,099$ 59,446$
Capital Reimbursement 36,153$ 69,408$ 77,150$
Cash Flow + Capital 200,721$ 164,507$ 136,596$
Return on Cash Flow 4.92% 4.75% 4.66%
Return on Investment 6% 8.22% 10.71%
G.R.M. 15.75 15.75 15.75
N.R.M. 20.49 20.49 20.49
Cost per Unit 257,576$ 257,576$ 257,576$
Cap. Rate 4.87% 4.87% 4.87%
Debt Coverage 1.66 60.7% 1.3 76.5% 1.17 85%

Notes

- Option 1: Assumption of the existing CMHC MLI Select 100 points financing with Peoples Trust (affordability). - Option 2: New regular CMHC financing. - Option 3: New CMHC MLI Select 50 points financing (energy efficiency).
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