LISTED PRICE |
2,625,000$ |
2,625,000$ |
2,625,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 2,625,000$ | 100% | 2,625,000$ | 100% | 2,625,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
2,625,000$ |
100% |
2,625,000$ |
100% |
2,625,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | Bridge Financing | CMHC MLI Select (100 pts) | No Financing | |||
1st MORTGAGE AMOUNT |
2,975,000$ |
113.3% |
2,493,750$ |
95% |
0$ |
0% |
|---|---|---|---|---|---|---|
| Lender | Bridge Financing | CMHC MLI Select | No Financing | |||
| Rate | 5.5% | 3.75% | % | |||
| Amortization | 999 | 50 | ||||
| Term | 1 | 5 | ||||
| Maturity Date | ||||||
| Monthly Payment | 13,482$ | 9,162$ | 0$ | |||
| Interest Cost | 161,781$ | 92,498$ | 0$ | |||
| Capital Payment | 0$ | 17,452$ | 0$ | |||
| Annual Mortgage Cost | 161,781$ | 109,950$ | 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 |
-350,000$ |
-13.3% |
131,250$ |
5% |
2,625,000$ |
100% |
|---|---|---|---|---|---|---|
| Net Revenue | 160,301$ | 160,301$ | 160,301$ | |||
| Mortgage Annual Cost | 161,781$ | 109,950$ | 0$ | |||
| Cash Flow | -1,480$ | 50,351$ | 160,301$ | |||
| Capital Reimbursement | 0$ | 17,452$ | 0$ | |||
| Cash Flow + Capital | -1,480$ | 67,803$ | 160,301$ | |||
| Return on Cash Flow | 0.42% | 38.36% | 6.1% | |||
| Return on Investment | 0.42% | 51.65% | 6.1% | |||
| G.R.M. | 8.71 | 8.71 | 8.71 | |||
| N.R.M. | 16.38 | 16.38 | 16.38 | |||
| Cost per Unit | 75,000$ | 75,000$ | 75,000$ | |||
| Cap. Rate | 6.1% | 6.1% | 6.1% | |||
| Debt Coverage | 0.99 | 113.3% | 1.46 | 95% | 0 | 0% |
| - Option 1: New temporary bridge financing with interest only payments. - Option 2: New CMHC MLI Select 100 points (only possible after the decontamination work). - Option 3: Purchase without any financing. |
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