LISTED PRICE |
2,200,000$ |
2,200,000$ |
2,200,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 2,200,000$ | 100% | 2,200,000$ | 100% | 2,200,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
2,200,000$ |
100% |
2,200,000$ |
100% |
2,200,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | ||||
1st MORTGAGE AMOUNT |
1,740,000$ |
79.1% |
1,475,000$ |
67% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | ||||
| Rate | 4% | 4% | % | |||
| Amortization | 40 | 40 | ||||
| Term | 5 | 5 | ||||
| Maturity Date | ||||||
| Monthly Payment | 7,237$ | 6,134$ | 0$ | |||
| Interest Cost | 68,700$ | 58,237$ | 0$ | |||
| Capital Payment | 18,139$ | 15,376$ | 0$ | |||
| Annual Mortgage Cost | 86,838$ | 73,613$ | 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 |
460,000$ |
20.9% |
725,000$ |
33% |
2,200,000$ |
100% |
|---|---|---|---|---|---|---|
| Net Revenue | 95,386$ | 95,386$ | 95,386$ | |||
| Mortgage Annual Cost | 86,838$ | 73,613$ | 0$ | |||
| Cash Flow | 8,548$ | 21,773$ | 95,386$ | |||
| Capital Reimbursement | 18,139$ | 15,376$ | 0$ | |||
| Cash Flow + Capital | 26,687$ | 37,149$ | 95,386$ | |||
| Return on Cash Flow | 1.85% | 3% | 4.33% | |||
| Return on Investment | 5.8% | 5.12% | 4.33% | |||
| G.R.M. | 15.9 | 15.9 | 15.9 | |||
| N.R.M. | 23.06 | 23.06 | 23.06 | |||
| Cost per Unit | 275,000$ | 275,000$ | 275,000$ | |||
| Cap. Rate | 4.33% | 4.33% | 4.33% | |||
| Debt Coverage | 1.1 | 79.1% | 1.3 | 67% | 0 | 0% |
| - Option 1: New CMHC MLI Select 50 points financing with the energy efficiency criteria. - Option 2: New regular CMHC financing at the prevailing market conditions. |
Please register to access exclusive new content.