Immeubles Gloria
2615 Aird, Hochelaga-Maisonneuve
20 residential units, 0 commercial units | 3,800,000$

Investment Analysis

LISTED PRICE
3,800,000$
 
3,800,000$
 
3,800,000$
 
Purchase Price (estimated) 3,800,000$ 100% 3,800,000$ 100% 3,800,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
3,800,000$
100%
3,800,000$
100%
3,800,000$
100%
Financing Type Mortgage Current Bal. CMHC (regular) 40% affordable units
1st MORTGAGE AMOUNT
2,090,926$
55%
1,840,000$
48.4%
2,175,000$
57.2%
Lender Peoples Trust CMHC CMHC estimated CMHC MLI Select
Rate 2.07% 5% 5%
Amortization 33 40 40
Term 3.3 5 5
Maturity Date 2026-05-01
Monthly Payment 7,258$ 8,810$ 10,414$
Interest Cost 42,679$ 90,719$ 107,236$
Capital Payment 44,413$ 15,001$ 17,732$
Annual Mortgage Cost 87,092$ 105,720$ 124,968$
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
1,709,074$
45%
1,960,000$
51.6%
1,625,000$
42.8%
Net Revenue 136,950$ 136,950$ 136,950$
Mortgage Annual Cost 87,092$ 105,720$ 124,968$
Cash Flow 49,858$ 31,230$ 11,982$
Capital Reimbursement 44,413$ 15,001$ 17,732$
Cash Flow + Capital 94,271$ 46,231$ 29,714$
Return on Cash Flow 2.91% 1.59% 0.73%
Return on Investment 5.51% 2.35% 1.82%
G.R.M. 17.15 17.15 17.15
N.R.M. 27.75 27.75 27.75
Cost per Unit 190,000$ 190,000$ 190,000$
Cap. Rate 3.6% 3.6% 3.6%
Debt Coverage 1.57 55% 1.3 48.4% 1.1 57.2%

Notes

- Option 1: Assumption of the existing CMHC mortgage with Peoples Trust. - Option 2: New regular CMHC financing at the prevailing market conditions. - Option 3: New MLI Select CMHC financing at the prevailing market conditions.
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