LISTED PRICE |
5,900,000$ |
5,900,000$ |
5,900,000$ |
|||
|---|---|---|---|---|---|---|
| Purchase Price (estimated) | 5,900,000$ | 100% | 5,900,000$ | 100% | 5,900,000$ | 100% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
| Other Cost | 0$ | 0% | 0$ | 0% | 0$ | 0% |
PURCHASE PRICE |
5,900,000$ |
100% |
5,900,000$ |
100% |
5,900,000$ |
100% |
|---|---|---|---|---|---|---|
| Financing Type | CMHC MLI Select (50 pts) | Mortgage Current Bal. | CMHC (regular) | |||
1st MORTGAGE AMOUNT |
3,425,000$ |
58.1% |
3,731,590$ |
63.2% |
2,900,000$ |
49.2% |
|---|---|---|---|---|---|---|
| Lender | CMHC MLI Select | Loans to Assume | CMHC (regular) | |||
| Rate | 3.9% | 2.79% | 3.9% | |||
| Amortization | 40 | 33 | 40 | |||
| Term | 5 | 5 | ||||
| Maturity Date | ||||||
| Monthly Payment | 14,036$ | 14,345$ | 11,884$ | |||
| Interest Cost | 131,858$ | 102,780$ | 111,647$ | |||
| Capital Payment | 36,573$ | 69,354$ | 30,967$ | |||
| Annual Mortgage Cost | 168,431$ | 172,134$ | 142,613$ | |||
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 |
2,475,000$ |
41.9% |
2,168,410$ |
36.8% |
3,000,000$ |
50.8% |
|---|---|---|---|---|---|---|
| Net Revenue | 185,306$ | 185,306$ | 185,306$ | |||
| Mortgage Annual Cost | 168,431$ | 172,134$ | 142,613$ | |||
| Cash Flow | 16,874$ | 13,171$ | 42,692$ | |||
| Capital Reimbursement | 36,573$ | 69,354$ | 30,967$ | |||
| Cash Flow + Capital | 53,447$ | 82,525$ | 73,659$ | |||
| Return on Cash Flow | 0.68% | 0.6% | 1.42% | |||
| Return on Investment | 2.15% | 3.8% | 2.45% | |||
| G.R.M. | 21.67 | 21.67 | 21.67 | |||
| N.R.M. | 31.84 | 31.84 | 31.84 | |||
| Cost per Unit | 245,833$ | 245,833$ | 245,833$ | |||
| Cap. Rate | 3.14% | 3.14% | 3.14% | |||
| Debt Coverage | 1.1 | 58.1% | 1.08 | 63.2% | 1.3 | 49.2% |
| - Option 1: New CMHC MLI Select financing with the energy efficiency criteria (50 points). - Option 2: Assumption of the existing CMHC mortgages with Peakhill and Conventional Desjardins loan. - Option 3: New regular CMHC financing. |
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