Immeubles Gloria
4516 Décarie, Côte-des-Neiges
21 residential units, 0 commercial units | 8,500,000$

Investment Analysis

LISTED PRICE
8,500,000$
  
8,500,000$
  
8,500,000$
  
Purchase Price (estimated) 8,500,000$ 100% 8,500,000$ 100% 8,500,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
8,500,000$
 100%
8,500,000$
 100%
8,500,000$
 100%
Financing Type CMHC MLI Select (50 pts) CMHC (regular) Assumption
1st MORTGAGE AMOUNT
6,700,000$
 78.8%
5,700,000$
 67.1%
3,908,487$
 46%
Lender CMHC MLI Select CMHC (regular) National Bank CMHC
Rate 4% 4% 2.18%
Amortization 40 40 24
Term 5 5 4
Maturity Date 2030-07-01
Monthly Payment 27,865$ 23,706$ 17,423$
Interest Cost 264,533$ 225,050$ 83,577$
Capital Payment 69,845$ 59,420$ 125,496$
Annual Mortgage Cost 334,378$ 284,471$ 209,073$
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
1,800,000$
 21.2%
2,800,000$
 32.9%
4,591,513$
 54%
Net Revenue 369,083$ 369,083$ 369,083$
Mortgage Annual Cost 334,378$ 284,471$ 209,073$
Cash Flow 34,705$ 84,612$ 160,010$
Capital Reimbursement 69,845$ 59,420$ 125,496$
Cash Flow + Capital 104,550$ 144,032$ 285,506$
Return on Cash Flow 1.92% 3.02% 3.48%
Return on Investment 5.8% 5.14% 6.21%
G.R.M. 17.51 17.51 17.51
N.R.M. 23.03 23.03 23.03
Cost per Unit 404,762$ 404,762$ 404,762$
Cap. Rate 4.34% 4.34% 4.34%
Debt Coverage 1.1 78.8% 1.3 67.1% 1.77 46%

Notes

- Option 1: New CMHC MLI Select financing with the energy efficiency criteria (50 points). - Option 2: New regular CMHC financing. - Option 3: Assumption of the existing regular CMHC financing with National Bank.
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