LISTED PRICE |
8,450,000$ |
8,450,000$ |
8,450,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 8,450,000$ | 100% | 8,450,000$ | 100% | 8,450,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
8,450,000$ |
100% |
8,450,000$ |
100% |
8,450,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | CMHC (regular) | Mortgage Estimated | |||
1st MORTGAGE AMOUNT |
6,675,000$ |
79% |
5,675,000$ |
67.2% |
4,450,000$ |
52.7% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | CMHC (regular) | Estimated Conventional | |||
| Rate | 3.8% | 3.8% | 5% | |||
| Amortization | 40 | 40 | 30 | |||
| Term | 5 | 5 | 5 | |||
| Maturity Date | ||||||
| Monthly Payment | 26,951$ | 22,914$ | 23,749$ | |||
| Interest Cost | 250,412$ | 212,897$ | 218,728$ | |||
| Capital Payment | 73,004$ | 62,067$ | 66,263$ | |||
| Annual Mortgage Cost | 323,416$ | 274,964$ | 284,991$ | |||
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 |
1,775,000$ |
21% |
2,775,000$ |
32.8% |
4,000,000$ |
47.3% |
|---|---|---|---|---|---|---|
| Net Revenue | 357,314$ | 357,314$ | 357,314$ | |||
| Mortgage Annual Cost | 323,416$ | 274,964$ | 284,991$ | |||
| Cash Flow | 33,898$ | 82,350$ | 72,323$ | |||
| Capital Reimbursement | 73,004$ | 62,067$ | 66,263$ | |||
| Cash Flow + Capital | 106,902$ | 144,417$ | 138,586$ | |||
| Return on Cash Flow | 1.9% | 2.96% | 1.8% | |||
| Return on Investment | 6.02% | 5.2% | 3.46% | |||
| G.R.M. | 16.38 | 16.38 | 16.38 | |||
| N.R.M. | 23.65 | 23.65 | 23.65 | |||
| Cost per Unit | 264,063$ | 264,063$ | 264,063$ | |||
| Cap. Rate | 4.22% | 4.22% | 4.22% | |||
| Debt Coverage | 1.1 | 79% | 1.3 | 67.2% | 1.25 | 52.7% |
| - OPTION 1: 4 new CMHC MLI Select 50 points financings with energy efficiency. - OPTION 2: 4 new regular CMHC financings. - OPTION 3: 4 new Conventional financings. |
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