LISTED PRICE |
3,150,000$ |
3,150,000$ |
3,150,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 3,150,000$ | 100% | 3,150,000$ | 100% | 3,150,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
3,150,000$ |
100% |
3,150,000$ |
100% |
3,150,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | Mortgage Original | CMHC MLI Select (50 pts) | CMHC (regular) | |||
1st MORTGAGE AMOUNT |
1,889,320$ |
60% |
2,950,000$ |
93.7% |
2,500,000$ |
79.4% |
|---|---|---|---|---|---|---|
| Lender | Peoples Trust CMHC | CMHC MLI Select | CMHC (regular) | |||
| Rate | 4.41% | 4.25% | 4.25% | |||
| Amortization | 40 | 40 | 40 | |||
| Term | 5.3 | 5 | 5 | |||
| Maturity Date | 2028-11-01 | |||||
| Monthly Payment | 8,336$ | 12,723$ | 10,782$ | |||
| Interest Cost | 82,209$ | 123,724$ | 104,851$ | |||
| Capital Payment | 17,828$ | 28,946$ | 24,531$ | |||
| Annual Mortgage Cost | 100,038$ | 152,671$ | 129,382$ | |||
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 |
1,260,680$ |
40% |
200,000$ |
6.3% |
650,000$ |
20.6% |
|---|---|---|---|---|---|---|
| Net Revenue | 168,817$ | 168,817$ | 168,817$ | |||
| Mortgage Annual Cost | 100,038$ | 152,671$ | 129,382$ | |||
| Cash Flow | 68,779$ | 16,146$ | 39,435$ | |||
| Capital Reimbursement | 17,828$ | 28,946$ | 24,531$ | |||
| Cash Flow + Capital | 86,607$ | 45,092$ | 63,966$ | |||
| Return on Cash Flow | 5.45% | 8.07% | 6.06% | |||
| Return on Investment | 6.86% | 22.54% | 9.84% | |||
| G.R.M. | 13.15 | 13.15 | 13.15 | |||
| N.R.M. | 18.66 | 18.66 | 18.66 | |||
| Cost per Unit | 196,875$ | 196,875$ | 196,875$ | |||
| Cap. Rate | 5.35% | 5.35% | 5.35% | |||
| Debt Coverage | 1.69 | 60% | 1.11 | 93.7% | 1.3 | 79.4% |
| - Option 1: Assumption of the existing financing with Peoples Trust CMHC. - Option 2: New CMHC MLI Select financing with the energy efficiency criteria (50 pts). - Option 3: New regular CMHC financing at the prevailing market conditions. |
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