LISTED PRICE |
6,095,000$ |
6,095,000$ |
6,095,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 6,095,000$ | 100% | 6,095,000$ | 100% | 6,095,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
6,095,000$ |
100% |
6,095,000$ |
100% |
6,095,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | Assumption | CMHC (regular) | ||||
1st MORTGAGE AMOUNT |
5,420,377$ |
88.9% |
3,740,000$ |
61.4% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | National Bank CMHC | CMHC (regular) | ||||
| Rate | 4.05% | 4.25% | % | |||
| Amortization | 48 | 40 | ||||
| Term | 3 | 5 | ||||
| Maturity Date | 2028-12-01 | |||||
| Monthly Payment | 21,241$ | 16,130$ | 0$ | |||
| Interest Cost | 217,003$ | 156,857$ | 0$ | |||
| Capital Payment | 37,891$ | 36,698$ | 0$ | |||
| Annual Mortgage Cost | 254,894$ | 193,555$ | 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 |
674,623$ |
11.1% |
2,355,000$ |
38.6% |
6,095,000$ |
100% |
|---|---|---|---|---|---|---|
| Net Revenue | 255,543$ | 255,543$ | 255,543$ | |||
| Mortgage Annual Cost | 254,894$ | 193,555$ | 0$ | |||
| Cash Flow | 649$ | 61,988$ | 255,543$ | |||
| Capital Reimbursement | 37,891$ | 36,698$ | 0$ | |||
| Cash Flow + Capital | 38,540$ | 98,686$ | 255,543$ | |||
| Return on Cash Flow | 0.09% | 2.63% | 4.19% | |||
| Return on Investment | 5.71% | 4.19% | 4.19% | |||
| G.R.M. | 17.33 | 17.33 | 17.33 | |||
| N.R.M. | 23.85 | 23.85 | 23.85 | |||
| Cost per Unit | 380,938$ | 380,938$ | 380,938$ | |||
| Cap. Rate | 4.19% | 4.19% | 4.19% | |||
| Debt Coverage | 1 | 88.9% | 1.32 | 61.4% | 0 | 0% |
| - Option 1: Assumption of the existing CMHC MLI Select 100 points (energy efficiency) with National Bank. - Option 2: New regular CMHC financing. |
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