Immeubles Gloria
5265-5275 Côte-St-Luc, Côte-des-Neiges
34 residential units, 0 commercial units | 11,500,000$

Investment Analysis

LISTED PRICE
11,500,000$
  
11,500,000$
  
11,500,000$
  
Purchase Price (estimated) 11,500,000$ 100% 11,500,000$ 100% 11,500,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
11,500,000$
 100%
11,500,000$
 100%
11,500,000$
 100%
Financing Type CMHC MLI Select (50 pts) Assumption CMHC (regular)
1st MORTGAGE AMOUNT
9,350,000$
 81.3%
5,050,337$
 43.9%
7,950,000$
 69.1%
Lender CMHC MLI Select National Bank CMHC CMHC (regular)
Rate 3.8% 2.18% 3.8%
Amortization 40 24 40
Term 5 4 5
Maturity Date 2030-07-01
Monthly Payment 37,752$ 22,513$ 32,099$
Interest Cost 350,764$ 107,994$ 298,243$
Capital Payment 102,260$ 162,159$ 86,948$
Annual Mortgage Cost 453,024$ 270,153$ 385,192$
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
2,150,000$
 18.7%
6,449,663$
 56.1%
3,550,000$
 30.9%
Net Revenue 499,820$ 499,820$ 499,820$
Mortgage Annual Cost 453,024$ 270,153$ 385,192$
Cash Flow 46,796$ 229,668$ 114,629$
Capital Reimbursement 102,260$ 162,159$ 86,948$
Cash Flow + Capital 149,056$ 391,827$ 201,577$
Return on Cash Flow 2.17% 3.56% 3.22%
Return on Investment 6.93% 6.07% 5.67%
G.R.M. 16.76 16.76 16.76
N.R.M. 23.01 23.01 23.01
Cost per Unit 338,235$ 338,235$ 338,235$
Cap. Rate 4.34% 4.34% 4.34%
Debt Coverage 1.1 81.3% 1.85 43.9% 1.3 69.1%

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. - Option 3: New regular CMHC financing.
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