LISTED PRICE |
3,400,000$ |
3,400,000$ |
3,400,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 3,400,000$ | 100% | 3,400,000$ | 100% | 3,400,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
3,400,000$ |
100% |
3,400,000$ |
100% |
3,400,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | Mortgage Estimated | Mortgage Estimated | 40% affordable units | |||
1st MORTGAGE AMOUNT |
1,450,000$ |
42.6% |
1,250,000$ |
36.8% |
1,900,000$ |
55.9% |
|---|---|---|---|---|---|---|
| Lender | CMHC estimated | Estimated Conventional | CMHC MLI Select | |||
| Rate | 5% | 6% | 5% | |||
| Amortization | 30 | 25 | 40 | |||
| Term | 5 | 5 | 5 | |||
| Maturity Date | ||||||
| Monthly Payment | 7,739$ | 7,998$ | 9,097$ | |||
| Interest Cost | 71,271$ | 73,475$ | 93,677$ | |||
| Capital Payment | 21,591$ | 22,496$ | 15,490$ | |||
| Annual Mortgage Cost | 92,862$ | 95,971$ | 109,167$ | |||
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 |
1,950,000$ |
57.4% |
2,150,000$ |
63.2% |
1,500,000$ |
44.1% |
|---|---|---|---|---|---|---|
| Net Revenue | 120,464$ | 120,464$ | 120,464$ | |||
| Mortgage Annual Cost | 92,862$ | 95,971$ | 109,167$ | |||
| Cash Flow | 27,602$ | 24,493$ | 11,297$ | |||
| Capital Reimbursement | 21,591$ | 22,496$ | 15,490$ | |||
| Cash Flow + Capital | 49,193$ | 46,989$ | 26,787$ | |||
| Return on Cash Flow | 1.41% | 1.13% | 0.75% | |||
| Return on Investment | 2.52% | 2.18% | 1.78% | |||
| G.R.M. | 16.82 | 16.82 | 16.82 | |||
| N.R.M. | 28.22 | 28.22 | 28.22 | |||
| Cost per Unit | 147,826$ | 147,826$ | 147,826$ | |||
| Cap. Rate | 3.54% | 3.54% | 3.54% | |||
| Debt Coverage | 1.3 | 42.6% | 1.26 | 36.8% | 1.1 | 55.9% |
| - Analysis based a on new Conventional financing at the prevailing market conditions. |
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