LISTED PRICE |
2,850,000$ |
2,850,000$ |
2,850,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 2,850,000$ | 100% | 2,850,000$ | 100% | 2,850,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
2,850,000$ |
100% |
2,850,000$ |
100% |
2,850,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | Mortgage Estimated | |||
1st MORTGAGE AMOUNT |
2,200,000$ |
77.2% |
1,850,000$ |
64.9% |
1,640,000$ |
57.5% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | Estimated Conventional | |||
| Rate | 4.1% | 4.1% | 4.4% | |||
| Amortization | 40 | 40 | 30 | |||
| Term | 5 | 5 | 5 | |||
| Maturity Date | ||||||
| Monthly Payment | 9,284$ | 7,807$ | 8,174$ | |||
| Interest Cost | 89,025$ | 74,862$ | 70,970$ | |||
| Capital Payment | 22,387$ | 18,826$ | 27,118$ | |||
| Annual Mortgage Cost | 111,412$ | 93,688$ | 98,088$ | |||
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 |
650,000$ |
22.8% |
1,000,000$ |
35.1% |
1,210,000$ |
42.5% |
|---|---|---|---|---|---|---|
| Net Revenue | 122,724$ | 122,724$ | 122,724$ | |||
| Mortgage Annual Cost | 111,412$ | 93,688$ | 98,088$ | |||
| Cash Flow | 11,311$ | 29,036$ | 24,636$ | |||
| Capital Reimbursement | 22,387$ | 18,826$ | 27,118$ | |||
| Cash Flow + Capital | 33,698$ | 47,862$ | 51,754$ | |||
| Return on Cash Flow | 1.74% | 2.9% | 2.03% | |||
| Return on Investment | 5.18% | 4.78% | 4.27% | |||
| G.R.M. | 16.31 | 16.31 | 16.31 | |||
| N.R.M. | 23.22 | 23.22 | 23.22 | |||
| Cost per Unit | 356,250$ | 356,250$ | 356,250$ | |||
| Cap. Rate | 4.3% | 4.3% | 4.3% | |||
| Debt Coverage | 1.1 | 77.2% | 1.31 | 64.9% | 1.25 | 57.5% |
| - Option 1: New CMHC MLI Select 50 points (energy efficiency). - Option 2: New regular CMHC financing. - Option 3: New Conventional financing. |
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