Immeubles Gloria
4980-4990 Clanranald, Côte-des-Neiges
36 residential units, 0 commercial units | 12,800,000$

Investment Analysis

LISTED PRICE
12,800,000$
  
12,800,000$
  
12,800,000$
  
Purchase Price (estimated) 12,800,000$ 100% 12,800,000$ 100% 12,800,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
12,800,000$
 100%
12,800,000$
 100%
12,800,000$
 100%
Financing Type Assumption CMHC MLI Select (50 pts) CMHC (regular)
1st MORTGAGE AMOUNT
10,023,036$
 78.3%
9,050,000$
 70.7%
7,650,000$
 59.8%
Lender Desjardins CMHC CMHC MLI Select CMHC (regular)
Rate 4.02% 3.9% 3.9%
Amortization 47 40 40
Term 1.5 5 5
Maturity Date 2028-02-01
Monthly Payment 39,507$ 37,088$ 31,350$
Interest Cost 398,216$ 348,414$ 294,516$
Capital Payment 75,862$ 96,638$ 81,688$
Annual Mortgage Cost 474,078$ 445,052$ 376,204$
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
2,776,964$
 21.7%
3,750,000$
 29.3%
5,150,000$
 40.2%
Net Revenue 488,693$ 488,693$ 488,693$
Mortgage Annual Cost 474,078$ 445,052$ 376,204$
Cash Flow 14,614$ 43,641$ 112,488$
Capital Reimbursement 75,862$ 96,638$ 81,688$
Cash Flow + Capital 90,476$ 140,279$ 194,176$
Return on Cash Flow 0.52% 1.16% 2.18%
Return on Investment 3.25% 3.74% 3.77%
G.R.M. 18.4 18.4 18.4
N.R.M. 26.19 26.19 26.19
Cost per Unit 355,556$ 355,556$ 355,556$
Cap. Rate 3.81% 3.81% 3.81%
Debt Coverage 1.03 78.3% 1.1 70.7% 1.3 59.8%

Notes

- 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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