Immeubles Gloria
4710 Décarie, Côte-des-Neiges
50 residential units, 0 commercial units | 17,000,000$

Investment Analysis

LISTED PRICE
17,000,000$
  
17,000,000$
  
17,000,000$
  
Purchase Price (estimated) 17,000,000$ 100% 17,000,000$ 100% 17,000,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
17,000,000$
 100%
17,000,000$
 100%
17,000,000$
 100%
Financing Type CMHC MLI Select (50 pts) Assumption
1st MORTGAGE AMOUNT
14,100,000$
 82.9%
7,252,374$
 42.7%
0$
 0%
Lender CMHC MLI Select National Bank CMHC
Rate 3.75% 2.18% %
Amortization 40 25
Term 5 6.4
Maturity Date 2030-07-01
Monthly Payment 56,507$ 31,110$ 0$
Interest Cost 522,022$ 155,228$ 0$
Capital Payment 156,061$ 218,094$ 0$
Annual Mortgage Cost 678,083$ 373,321$ 0$
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
2,900,000$
 17.1%
9,747,626$
 57.3%
17,000,000$
 100%
Net Revenue 811,203$ 811,203$ 811,203$
Mortgage Annual Cost 678,083$ 373,321$ 0$
Cash Flow 133,120$ 437,881$ 811,203$
Capital Reimbursement 156,061$ 218,094$ 0$
Cash Flow + Capital 289,181$ 655,975$ 811,203$
Return on Cash Flow 4.59% 4.49% 4.77%
Return on Investment 9.97% 6.72% 4.77%
G.R.M. 15.68 15.68 15.68
N.R.M. 20.96 20.96 20.96
Cost per Unit 340,000$ 340,000$ 340,000$
Cap. Rate 4.77% 4.77% 4.77%
Debt Coverage 1.2 82.9% 2.17 42.7% 0 0%

Notes

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