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% |
9,150,000$ |
70.4% |
7,750,000$ |
59.6% |
|---|---|---|---|---|---|---|
| Lender | Desjardins CMHC | CMHC MLI Select | CMHC (regular) | |||
| Rate | 4.02% | 3.9% | 3.9% | |||
| Amortization | 47 | 40 | 40 | |||
| Term | 2 | 5 | 5 | |||
| Maturity Date | 2028-02-01 | |||||
| Monthly Payment | 38,733$ | 37,498$ | 31,760$ | |||
| Interest Cost | 391,885$ | 352,264$ | 298,366$ | |||
| Capital Payment | 72,911$ | 97,706$ | 82,756$ | |||
| Annual Mortgage Cost | 464,797$ | 449,970$ | 381,122$ | |||
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% |
3,845,000$ |
29.6% |
5,245,000$ |
40.4% |
|---|---|---|---|---|---|---|
| Net Revenue | 494,057$ | 494,057$ | 494,057$ | |||
| Mortgage Annual Cost | 464,797$ | 449,970$ | 381,122$ | |||
| Cash Flow | 29,261$ | 44,087$ | 112,935$ | |||
| Capital Reimbursement | 72,911$ | 97,706$ | 82,756$ | |||
| Cash Flow + Capital | 102,172$ | 141,793$ | 195,691$ | |||
| Return on Cash Flow | 0.93% | 1.14% | 2.15% | |||
| Return on Investment | 3.26% | 3.68% | 3.73% | |||
| G.R.M. | 18.51 | 18.51 | 18.51 | |||
| N.R.M. | 26.3 | 26.3 | 26.3 | |||
| Cost per Unit | 360,972$ | 360,972$ | 360,972$ | |||
| Cap. Rate | 3.8% | 3.8% | 3.8% | |||
| Debt Coverage | 1.06 | 75.9% | 1.1 | 70.4% | 1.3 | 59.6% |
| - 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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