120 Sherman Ave. S. (15)
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Investment Information Sheet City Address
MATT MYSAK INC.
HAMILTON 120 Sherman Ave. S.
Close to
corner of Main
Res Units
15
Comm Units
Brokerage 2228-A Bloor St. West Toronto, ON M6S 1N6 Phone: 416-767-5500 Fax: 416-760-7878 www.MysakRealty.com
0
Price
$519,000
Price / Suite
$34,600
Cap Rate
8.4%
Mortgage Details Rank 1st
Type
Amount
Rate
Mnthly Pmnt
P&I
Yr. Payment
Due Date
arrange
$370,000
5.60%
2280.03
P&I
$27,360
5 yrs
2nd
Principal Recapture $7,055
$0
3rd Mtge. Total
$370,000 $149,000 October 31, 2008
Down Payment Expenses as of Per Suite Taxes
$0 $27,360
2280.03 DP %
$7,055
29%
Asking Price
Source of Income
Annual
Monthly
519,000
November 2008 x 12 Annual
$1,217
$18,252
Rental
Ins.
$233
$3,491
Parking
$0
8 x 1 Bedroom
Gas
$649
$9,733
Laundry Est.
$0
6 x 2 Bedroom
Hydro & Water
$534
$8,012
Other Income
$0
$0
$0
Maint. Est.
$400
$6,000
AVG/Unit
Super Est.
$350
$5,250
GROSS ANNUAL INCOME
$99,120 GROSS Rent Multiplier
$330
$4,956
Less Total Expenses
$55,693
Exp/ Inc Ratio
56.2%
NET OPERATING INCOME
$43,427
Cap Rate
8.4%
Less Mortgage Payments
$27,360
CASH FLOW
$16,066
Vac Est
5.0%
$8,260
Projected for 2008
Total
$99,120
$8,260
$99,120
$551
$6,608
Add Principal Recap EXPENSES
$3,713
CASH RETURN
5.2
10.8%
$7,055
RETURN ON INVESTMENT
TOTAL
1 x Bachelor
$23,121
ROI%
15.5%
$55,693
For this and/or other investment properties, call MATT MYSAK INC. Brokerage at 416-767-5500 Property Details Approx. Age Lot Size Construction
1920
Intercom
100' x 55' Hall Floors Brick
# Stories
3
Balconies
some
Elevator Remarks
no
Capital Items
no
Fridges+Stoves
15+15
Roof
new in 2004
wood/v.tile
Parking In+Out
0+8
Furnace
hydronic natural gas in good condition
Room Floors
wood/carp/lam Leases
mt to mt
Windows
Original
Heat Type
HWG (O)
Tenants
Enviro
not available
HWT Style
Gas (O)
Washer/Dryer 0
Cable Paid Hydro Paid
tenants (seeRR) Fire Retrofit
complete
CVA (2008)
450,000
unit floors...wood/carpet/laminates
Other Info
Potential to increase income… laundry, parking, signage Disclaimer All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are P advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchase. Only those representations and warranties contained in a definitive purchase agreement shall have any legal effect. MATT MYSAK INC. Brokerage, 2228-A BLOOR ST. WEST, TORONTO, ON
M6S 1N6
MATT MYSAK INC.
HAMILTON 120 Sherman Ave. S.
Close to
corner of Main
Res Units
15
Comm Units
Brokerage 2228-A Bloor St. West Toronto, ON M6S 1N6 Phone: 416-767-5500 Fax: 416-760-7878 www.MysakRealty.com
0
Price
$519,000
Price / Suite
$34,600
Cap Rate
8.4%
Mortgage Details Rank 1st
Type
Amount
Rate
Mnthly Pmnt
P&I
Yr. Payment
Due Date
arrange
$370,000
5.60%
2280.03
P&I
$27,360
5 yrs
2nd
Principal Recapture $7,055
$0
3rd Mtge. Total
$370,000 $149,000 October 31, 2008
Down Payment Expenses as of Per Suite Taxes
$0 $27,360
2280.03 DP %
$7,055
29%
Asking Price
Source of Income
Annual
Monthly
519,000
November 2008 x 12 Annual
$1,217
$18,252
Rental
Ins.
$233
$3,491
Parking
$0
8 x 1 Bedroom
Gas
$649
$9,733
Laundry Est.
$0
6 x 2 Bedroom
Hydro & Water
$534
$8,012
Other Income
$0
$0
$0
Maint. Est.
$400
$6,000
AVG/Unit
Super Est.
$350
$5,250
GROSS ANNUAL INCOME
$99,120 GROSS Rent Multiplier
$330
$4,956
Less Total Expenses
$55,693
Exp/ Inc Ratio
56.2%
NET OPERATING INCOME
$43,427
Cap Rate
8.4%
Less Mortgage Payments
$27,360
CASH FLOW
$16,066
Vac Est
5.0%
$8,260
Projected for 2008
Total
$99,120
$8,260
$99,120
$551
$6,608
Add Principal Recap EXPENSES
$3,713
CASH RETURN
5.2
10.8%
$7,055
RETURN ON INVESTMENT
TOTAL
1 x Bachelor
$23,121
ROI%
15.5%
$55,693
For this and/or other investment properties, call MATT MYSAK INC. Brokerage at 416-767-5500 Property Details Approx. Age Lot Size Construction
1920
Intercom
100' x 55' Hall Floors Brick
# Stories
3
Balconies
some
Elevator Remarks
no
Capital Items
no
Fridges+Stoves
15+15
Roof
new in 2004
wood/v.tile
Parking In+Out
0+8
Furnace
hydronic natural gas in good condition
Room Floors
wood/carp/lam Leases
mt to mt
Windows
Original
Heat Type
HWG (O)
Tenants
Enviro
not available
HWT Style
Gas (O)
Washer/Dryer 0
Cable Paid Hydro Paid
tenants (seeRR) Fire Retrofit
complete
CVA (2008)
450,000
unit floors...wood/carpet/laminates
Other Info
Potential to increase income… laundry, parking, signage Disclaimer All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are P advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchase. Only those representations and warranties contained in a definitive purchase agreement shall have any legal effect. MATT MYSAK INC. Brokerage, 2228-A BLOOR ST. WEST, TORONTO, ON
M6S 1N6
