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
6,630,000$
 78%
6,750,000$
 79.4%
3,908,487$
 46%
Lender CMHC MLI Select CMHC (regular) National Bank CMHC
Rate 3.8% 3.8% 2.18%
Amortization 40 40 24
Term 5 5 4
Maturity Date 2030-07-01
Monthly Payment 26,770$ 27,254$ 17,423$
Interest Cost 248,724$ 253,226$ 83,577$
Capital Payment 72,512$ 73,824$ 125,496$
Annual Mortgage Cost 321,235$ 327,050$ 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
1,870,000$
 22%
1,750,000$
 20.6%
4,591,513$
 54%
Net Revenue 426,057$ 426,057$ 426,057$
Mortgage Annual Cost 321,235$ 327,050$ 209,073$
Cash Flow 104,821$ 99,007$ 216,984$
Capital Reimbursement 72,512$ 73,824$ 125,496$
Cash Flow + Capital 177,333$ 172,831$ 342,480$
Return on Cash Flow 5.6% 5.65% 4.72%
Return on Investment 9.48% 9.87% 7.45%
G.R.M. 15.77 15.77 15.77
N.R.M. 19.95 19.95 19.95
Cost per Unit 404,762$ 404,762$ 404,762$
Cap. Rate 5.01% 5.01% 5.01%
Debt Coverage 1.33 78% 1.3 79.4% 2.04 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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