LISTED PRICE |
6,600,000$ |
6,600,000$ |
6,600,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 6,600,000$ | 100% | 6,600,000$ | 100% | 6,600,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
6,600,000$ |
100% |
6,600,000$ |
100% |
6,600,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | ||||
1st MORTGAGE AMOUNT |
5,050,000$ |
76.5% |
4,275,000$ |
64.8% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | ||||
| Rate | 3.9% | 3.9% | % | |||
| Amortization | 40 | 40 | ||||
| Term | 5 | 5 | ||||
| Maturity Date | ||||||
| Monthly Payment | 20,695$ | 17,519$ | 0$ | |||
| Interest Cost | 194,419$ | 164,582$ | 0$ | |||
| Capital Payment | 53,925$ | 45,649$ | 0$ | |||
| Annual Mortgage Cost | 248,344$ | 210,232$ | 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 |
1,550,000$ |
23.5% |
2,325,000$ |
35.2% |
6,600,000$ |
100% |
|---|---|---|---|---|---|---|
| Net Revenue | 272,834$ | 272,834$ | 272,834$ | |||
| Mortgage Annual Cost | 248,344$ | 210,232$ | 0$ | |||
| Cash Flow | 24,490$ | 62,602$ | 272,834$ | |||
| Capital Reimbursement | 53,925$ | 45,649$ | 0$ | |||
| Cash Flow + Capital | 78,415$ | 108,251$ | 272,834$ | |||
| Return on Cash Flow | 1.57% | 2.69% | 4.13% | |||
| Return on Investment | 5.05% | 4.65% | 4.13% | |||
| G.R.M. | 16.34 | 16.34 | 16.34 | |||
| N.R.M. | 24.19 | 24.19 | 24.19 | |||
| Cost per Unit | 275,000$ | 275,000$ | 275,000$ | |||
| Cap. Rate | 4.13% | 4.13% | 4.13% | |||
| Debt Coverage | 1.1 | 76.5% | 1.3 | 64.8% | 0 | 0% |
| - Option 1: New CMHC MLI Select financing with the energy efficiency criteria (50 pts). - Option 2: New regular CMHC financing at the prevailing market conditions. |
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