LISTED PRICE |
1,500,000$ |
1,500,000$ |
1,500,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 1,500,000$ | 100% | 1,500,000$ | 100% | 1,500,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
1,500,000$ |
100% |
1,500,000$ |
100% |
1,500,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | ||||
1st MORTGAGE AMOUNT |
925,000$ |
61.7% |
780,000$ |
52% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | ||||
| Rate | 4% | 4% | % | |||
| Amortization | 40 | 40 | ||||
| Term | 5 | 5 | ||||
| Maturity Date | ||||||
| Monthly Payment | 3,847$ | 3,244$ | 0$ | |||
| Interest Cost | 36,521$ | 30,796$ | 0$ | |||
| Capital Payment | 9,643$ | 8,131$ | 0$ | |||
| Annual Mortgage Cost | 46,164$ | 38,928$ | 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 |
575,000$ |
38.3% |
720,000$ |
48% |
1,500,000$ |
100% |
|---|---|---|---|---|---|---|
| Net Revenue | 50,692$ | 50,692$ | 50,692$ | |||
| Mortgage Annual Cost | 46,164$ | 38,928$ | 0$ | |||
| Cash Flow | 4,528$ | 11,765$ | 50,692$ | |||
| Capital Reimbursement | 9,643$ | 8,131$ | 0$ | |||
| Cash Flow + Capital | 14,171$ | 19,896$ | 50,692$ | |||
| Return on Cash Flow | 0.78% | 1.63% | 3.37% | |||
| Return on Investment | 2.46% | 2.76% | 3.37% | |||
| G.R.M. | 19.16 | 19.16 | 19.16 | |||
| N.R.M. | 29.59 | 29.59 | 29.59 | |||
| Cost per Unit | 300,000$ | 300,000$ | 300,000$ | |||
| Cap. Rate | 3.37% | 3.37% | 3.37% | |||
| Debt Coverage | 1.1 | 61.7% | 1.3 | 52% | 0 | 0% |
| - Option 1: New CMHC MLI Select 50 points financing with the energy efficiency criteria. - Option 2: New regular CMHC financing. |
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