LISTED PRICE |
12,995,000$ |
12,995,000$ |
12,995,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 12,995,000$ | 100% | 12,995,000$ | 100% | 12,995,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
12,995,000$ |
100% |
12,995,000$ |
100% |
12,995,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | Assumption | CMHC MLI Select (50 pts) | CMHC (regular) | |||
1st MORTGAGE AMOUNT |
9,862,896$ |
75.9% |
9,300,000$ |
71.6% |
7,875,000$ |
60.6% |
|---|---|---|---|---|---|---|
| Lender | Desjardins CMHC | CMHC MLI Select | CMHC (regular) | |||
| Rate | 4.02% | 4% | 4% | |||
| Amortization | 47 | 40 | 40 | |||
| Term | 2 | 5 | 5 | |||
| Maturity Date | 2028-02-01 | |||||
| Monthly Payment | 38,733$ | 38,678$ | 32,752$ | |||
| Interest Cost | 391,885$ | 367,187$ | 310,925$ | |||
| Capital Payment | 72,911$ | 96,949$ | 82,094$ | |||
| Annual Mortgage Cost | 464,797$ | 464,136$ | 393,019$ | |||
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 |
3,132,104$ |
24.1% |
3,695,000$ |
28.4% |
5,120,000$ |
39.4% |
|---|---|---|---|---|---|---|
| Net Revenue | 509,306$ | 509,306$ | 509,306$ | |||
| Mortgage Annual Cost | 464,797$ | 464,136$ | 393,019$ | |||
| Cash Flow | 44,509$ | 45,170$ | 116,287$ | |||
| Capital Reimbursement | 72,911$ | 96,949$ | 82,094$ | |||
| Cash Flow + Capital | 117,420$ | 142,119$ | 198,381$ | |||
| Return on Cash Flow | 1.42% | 1.22% | 2.27% | |||
| Return on Investment | 3.74% | 3.84% | 3.87% | |||
| G.R.M. | 18.4 | 18.4 | 18.4 | |||
| N.R.M. | 25.52 | 25.52 | 25.52 | |||
| Cost per Unit | 360,972$ | 360,972$ | 360,972$ | |||
| Cap. Rate | 3.91% | 3.91% | 3.91% | |||
| Debt Coverage | 1.1 | 75.9% | 1.1 | 71.6% | 1.3 | 60.6% |
| - Option 1: Assumption of the existing CMHC MLI Select 100 points (energy efficiency) financing with Desjardins. - Option 2: New CMHC MLI Select 50 points (energy efficiency) financing. - Option 3: New regular CMHC financing. |
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