Immeubles Gloria
3470 Ridgewood, Côte-des-Neiges
15 residential units, 0 commercial units | 4,500,000$

Investment Analysis

LISTED PRICE
4,500,000$
  
4,500,000$
  
4,500,000$
  
Purchase Price (estimated) 4,500,000$ 100% 4,500,000$ 100% 4,500,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
4,500,000$
 100%
4,500,000$
 100%
4,500,000$
 100%
Financing Type Assumption CMHC (regular)
1st MORTGAGE AMOUNT
3,267,343$
 72.6%
2,365,000$
 52.6%
0$
 0%
Lender Peoples Trust CMHC CMHC (regular)
Rate 3.75% 4.5% %
Amortization 48 40
Term 3.3 5
Maturity Date 2030-05-01
Monthly Payment 12,179$ 10,569$ 0$
Interest Cost 121,156$ 104,998$ 0$
Capital Payment 24,986$ 21,829$ 0$
Annual Mortgage Cost 146,142$ 126,828$ 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
1,232,657$
 27.4%
2,135,000$
 47.4%
4,500,000$
 100%
Net Revenue 164,749$ 164,749$ 164,749$
Mortgage Annual Cost 146,142$ 126,828$ 0$
Cash Flow 18,607$ 37,922$ 164,749$
Capital Reimbursement 24,986$ 21,829$ 0$
Cash Flow + Capital 43,593$ 59,751$ 164,749$
Return on Cash Flow 1.5% 1.77% 3.66%
Return on Investment 3.53% 2.79% 3.66%
G.R.M. 16.35 16.35 16.35
N.R.M. 27.31 27.31 27.31
Cost per Unit 300,000$ 300,000$ 300,000$
Cap. Rate 3.66% 3.66% 3.66%
Debt Coverage 1.13 72.6% 1.3 52.6% 0 0%

Notes

- Option 1: Assumption of the existing CMHC MLI Select 100 points with Peoples Trust (energy efficiency). - Option 2: New regular CMHC financing.
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