Immeubles Gloria
2238-2242-2250-2254 Schulz, St-Jérôme
32 residential units, 0 commercial units | 8,450,000$

Investment Analysis

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) Assumption CMHC (regular)
1st MORTGAGE AMOUNT
6,650,000$
 78.7%
4,800,000$
 56.8%
5,400,000$
 63.9%
Lender CMHC MLI Select CMHC MLI Select CMHC (regular)
Rate 3.55% 3.85% 3.85%
Amortization 40 40 40
Term 5 5 5
Maturity Date
Monthly Payment 25,857$ 19,526$ 21,966$
Interest Cost 233,109$ 182,433$ 205,237$
Capital Payment 77,180$ 51,873$ 58,357$
Annual Mortgage Cost 310,289$ 234,306$ 263,595$
2nd MORTGAGE AMOUNT
0$
 0%
865,229$
 10.2%
0$
 0%
Lender Peoples Trust CMHC
Rate 4.8%
Amortization 29
Term 5
Expiry Date 2030-05-01
Monthly Payment 0$ 4,561$ 0$
Interest Cost 0$ 40,821$ 0$
Capital Payment 0$ 13,916$ 0$
Annual Mortgage Cost 0$ 54,737$ 0$
CASH TO PURCHASE
1,800,000$
 21.3%
2,784,771$
 33%
3,050,000$
 36.1%
Net Revenue 342,065$ 342,065$ 342,065$
Mortgage Annual Cost 310,289$ 289,043$ 263,595$
Cash Flow 31,776$ 53,022$ 78,471$
Capital Reimbursement 77,180$ 65,789$ 58,357$
Cash Flow + Capital 108,956$ 118,811$ 136,828$
Return on Cash Flow 1.76% 1.9% 2.57%
Return on Investment 6.05% 4.26% 4.48%
G.R.M. 17.08 17.08 17.08
N.R.M. 24.7 24.7 24.7
Cost per Unit 264,063$ 264,063$ 264,063$
Cap. Rate 4.04% 4.04% 4.04%
Debt Coverage 1.1 78.7% 1.18 67% 1.3 63.9%

Notes

- OPTION 1: 4 new CMHC MLI Select 50 points financings with energy efficiency. - OPTION 2: 3 new CMHC MLI Select 50 points financings + Assumption of the existing Peoples Trust CMHC mortgage (2254 Schulz). - OPTION 3: 4 new regular CMHC financings.
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