LISTED PRICE |
5,400,000$ |
5,400,000$ |
5,400,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 5,400,000$ | 100% | 5,400,000$ | 100% | 5,400,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
5,400,000$ |
100% |
5,400,000$ |
100% |
5,400,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | Assumption | |||
1st MORTGAGE AMOUNT |
4,425,000$ |
81.9% |
3,875,000$ |
71.8% |
2,798,732$ |
51.8% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | Peoples Trust CMHC | |||
| Rate | 4% | 4% | 4.84% | |||
| Amortization | 40 | 40 | 38 | |||
| Term | 5 | 5 | 3 | |||
| Maturity Date | 2028-12-01 | |||||
| Monthly Payment | 18,403$ | 16,116$ | 13,344$ | |||
| Interest Cost | 174,710$ | 152,995$ | 133,534$ | |||
| Capital Payment | 46,129$ | 40,395$ | 26,594$ | |||
| Annual Mortgage Cost | 220,839$ | 193,390$ | 160,128$ | |||
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 |
975,000$ |
18.1% |
1,525,000$ |
28.2% |
2,601,268$ |
48.2% |
|---|---|---|---|---|---|---|
| Net Revenue | 254,442$ | 254,442$ | 254,442$ | |||
| Mortgage Annual Cost | 220,839$ | 193,390$ | 160,128$ | |||
| Cash Flow | 33,603$ | 61,051$ | 94,314$ | |||
| Capital Reimbursement | 46,129$ | 40,395$ | 26,594$ | |||
| Cash Flow + Capital | 79,732$ | 101,446$ | 120,908$ | |||
| Return on Cash Flow | 3.44% | 4% | 3.62% | |||
| Return on Investment | 8.17% | 6.65% | 4.64% | |||
| G.R.M. | 13.5 | 13.5 | 13.5 | |||
| N.R.M. | 21.22 | 21.22 | 21.22 | |||
| Cap. Rate | 4.71% | 4.71% | 4.71% | |||
| Debt Coverage | 1.15 | 81.9% | 1.32 | 71.8% | 1.59 | 51.8% |
| - Option 1: New CMHC MLI Select 50 points financing with the energy efficiency criteria. - Option 2: New regular CMHC financing. - Option 3: Assumption of the existing mortgage with Peoples Trust CMHC. |
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