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 |
3,650,000$ |
58.9% |
4,950,000$ |
79.8% |
2,418,852$ |
39% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC MLI Select | National Bank CMHC | |||
| Rate | 4% | 4% | 2.18% | |||
| Amortization | 40 | 40 | 24 | |||
| Term | 5 | 5 | 4 | |||
| Maturity Date | 2030-06-01 | |||||
| Monthly Payment | 15,180$ | 20,587$ | 10,782$ | |||
| Interest Cost | 144,111$ | 195,438$ | 51,724$ | |||
| Capital Payment | 38,050$ | 51,602$ | 77,666$ | |||
| Annual Mortgage Cost | 182,161$ | 247,040$ | 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 |
2,550,000$ |
41.1% |
1,250,000$ |
20.2% |
3,781,148$ |
61% |
|---|---|---|---|---|---|---|
| Net Revenue | 271,262$ | 271,262$ | 271,262$ | |||
| Mortgage Annual Cost | 182,161$ | 247,040$ | 129,389$ | |||
| Cash Flow | 89,101$ | 24,222$ | 141,873$ | |||
| Capital Reimbursement | 38,050$ | 51,602$ | 77,666$ | |||
| Cash Flow + Capital | 127,151$ | 75,824$ | 219,539$ | |||
| Return on Cash Flow | 3.49% | 1.93% | 3.75% | |||
| Return on Investment | 4.98% | 6.06% | 5.8% | |||
| G.R.M. | 16.8 | 16.8 | 16.8 | |||
| N.R.M. | 22.86 | 22.86 | 22.86 | |||
| Cost per Unit | 344,444$ | 344,444$ | 344,444$ | |||
| Cap. Rate | 4.37% | 4.37% | 4.37% | |||
| Debt Coverage | 1.49 | 58.9% | 1.1 | 79.8% | 2.1 | 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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