LISTED PRICE |
6,200,000$ |
6,200,000$ |
6,200,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 6,200,000$ | 100% | 6,200,000$ | 100% | 6,200,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
6,200,000$ |
100% |
6,200,000$ |
100% |
6,200,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC MLI Select (50 pts) | Assumption | |||
1st MORTGAGE AMOUNT |
3,900,000$ |
62.9% |
5,075,000$ |
81.9% |
2,418,852$ |
39% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC MLI Select | National Bank CMHC | |||
| Rate | 3.9% | 3.9% | 2.18% | |||
| Amortization | 40 | 40 | 24 | |||
| Term | 5 | 5 | 4 | |||
| Maturity Date | 2030-06-01 | |||||
| Monthly Payment | 15,983$ | 20,798$ | 10,782$ | |||
| Interest Cost | 150,145$ | 195,382$ | 51,724$ | |||
| Capital Payment | 41,645$ | 54,192$ | 77,666$ | |||
| Annual Mortgage Cost | 191,791$ | 249,574$ | 129,389$ | |||
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 |
2,300,000$ |
37.1% |
1,125,000$ |
18.1% |
3,781,148$ |
61% |
|---|---|---|---|---|---|---|
| Net Revenue | 273,311$ | 273,311$ | 273,311$ | |||
| Mortgage Annual Cost | 191,791$ | 249,574$ | 129,389$ | |||
| Cash Flow | 81,521$ | 23,738$ | 143,922$ | |||
| Capital Reimbursement | 41,645$ | 54,192$ | 77,666$ | |||
| Cash Flow + Capital | 123,166$ | 77,930$ | 221,588$ | |||
| Return on Cash Flow | 3.54% | 2.11% | 3.8% | |||
| Return on Investment | 5.35% | 6.92% | 5.86% | |||
| G.R.M. | 16.71 | 16.71 | 16.71 | |||
| N.R.M. | 22.68 | 22.68 | 22.68 | |||
| Cost per Unit | 344,444$ | 344,444$ | 344,444$ | |||
| Cap. Rate | 4.4% | 4.4% | 4.4% | |||
| Debt Coverage | 1.43 | 62.9% | 1.1 | 81.9% | 2.11 | 39% |
| - Option 1: New CMHC MLI Select 50 points financing (energy efficiency). - Option 2: New CMHC MLI Select 50 points financing (energy efficiency) if CMHC recognizes the revenues of the 5 undeclared apartments. - Option 3: Assumption of the existing regular CMHC financing with National Bank. |
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