LISTED PRICE |
5,200,000$ |
5,200,000$ |
5,200,000$ |
|||
---|---|---|---|---|---|---|
Purchase Price (estimated) | 5,200,000$ | 100% | 5,200,000$ | 100% | 5,200,000$ | 100% |
Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
5,200,000$ |
100% |
5,200,000$ |
100% |
5,200,000$ |
100% |
---|---|---|---|---|---|---|
Financing Type | Mortgage Estimated | Mortgage Current Bal. | Mortgage Original |
1st MORTGAGE AMOUNT |
3,400,000$ |
65.4% |
3,598,546$ |
69.2% |
3,637,500$ |
70% |
---|---|---|---|---|---|---|
Lender | Estimated Conventional | Equitable | Equitable | |||
Rate | 5.75% | 4.7% | 4.7% | |||
Amortization | 25 | 25 | 25 | |||
Term | 5 | 1.6 | 2 | |||
Maturity Date | 2024-02-01 | 2024-02-01 | ||||
Monthly Payment | 21,251$ | 20,539$ | 20,539$ | |||
Interest Cost | 191,563$ | 165,792$ | 167,645$ | |||
Capital Payment | 63,446$ | 80,676$ | 78,823$ | |||
Annual Mortgage Cost | 255,009$ | 246,468$ | 246,468$ |
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 |
1,800,000$ |
34.6% |
1,601,454$ |
30.8% |
1,562,500$ |
30% |
---|---|---|---|---|---|---|
Net Revenue | 326,952$ | 326,952$ | 326,952$ | |||
Mortgage Annual Cost | 255,009$ | 246,468$ | 246,468$ | |||
Cash Flow | 71,943$ | 80,485$ | 80,485$ | |||
Capital Reimbursement | 63,446$ | 80,676$ | 78,823$ | |||
Cash Flow + Capital | 135,389$ | 161,161$ | 159,308$ | |||
Return on Cash Flow | 3.99% | 5.02% | 5.15% | |||
Return on Investment | 7.52% | 10.06% | 10.19% | |||
G.R.M. | 9.32 | 9.32 | 9.32 | |||
N.R.M. | 15.9 | 15.9 | 15.9 | |||
Cost per Unit | 82,540$ | 82,540$ | 82,540$ | |||
Cap. Rate | 6.28% | 6.28% | 6.28% | |||
Debt Coverage | 1.28 | 65.4% | 1.33 | 69.2% | 1.33 | 70% |
- Option 1: Analysis based on a new Conventional financing at the prevailing market conditions. - Option 2: Analysis based on an assumption of the existing loan with Equitable Bank |
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