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Investment Proforma
6 Plex Goodridge
18607 / 18609 132 Street NW · Delivery October 2026 · Lending Type: Take-Out
Multi-Family · 6 Units
- Occupancy Guarantee — Builder guarantees rents; investor closes only with all units leased.
Purchase Price
$1,690,714
CAD
Cap Rate
6.1%
Year 1
Cash on Cash
22.0%
Year 1
DSCR
122.4%
At base rate
I
Acquisition Terms & Eligibility
CAD| Purchase Price | $1,690,713.93 |
| Broker & Bank Fee Roll-in | $16,907.14 |
| Total Purchase Price | $1,707,621.07 |
| Deposit (5%) | $85,381.05 |
| Closing Fee Allowance | $16,907.14 |
| Builder Deposit | 5.00% |
| Delivery Timeline | October 2026 |
| Lending Type | Take-Out |
| Asset Class | Multi-Family (6u) |
| Min. Liquidity | $170,762.11 |
| Min. Net Worth | $426,905.27 |
| Includes | Landscape · Fence · Blinds · Appl. |
II
Unit Mix & Rent Roll
Annual| Unit Type | Units | Unit Price | Monthly | Annual |
|---|---|---|---|---|
| 3 Bed + Den Upper1,755 sqft | 2 | $2,300.00 | $4,600.00 | $55,200.00 |
| 2 Bed Lower780 sqft | 2 | $1,450.00 | $2,900.00 | $34,800.00 |
| 2 Bed Garage Suite478 sqft | 2 | $1,600.00 | $3,200.00 | $38,400.00 |
| Parking100% usage | 4 | $100.00 | $400.00 | $4,800.00 |
| Pet Fee20% usage | 6 | $50.00 | $60.00 | $720.00 |
| Gross Scheduled Income | 6 | — | $11,160.00 | $133,920.00 |
III
Operating Expenses
Annual| Property Taxes | $14,788 |
| Insurance | $4,200 |
| Utilities | $0 |
| Repairs & Maint. | $4,980 |
| Management & Salaries | $6,503 |
| Other Cost | $2,601 |
| Replacement Reserve | $900 |
| Vacancy & Bad Debt (3%) | $3,852 |
| Total Operating Expense | $27,470 |
IV
Net Operating Income
Year 1| Rental Income | $128,400 |
| Other Income (Parking + Pet) | $5,520 |
| Gross Income | $133,920 |
| (−) Vacancy & Bad Debt | ($3,852) |
| Effective Gross Income | $130,068 |
| (−) Operating Expense | ($27,470) |
| Net Operating Income | $102,598 |
V
Debt Service
Take-Out · 50 yr Amortization| Tranche | Amount | Interest | Amort. | Monthly | Annual |
|---|---|---|---|---|---|
| Mortgage | $1,622,240.01 | 4.30% | 50 yr | $6,633.53 | $79,602.41 |
| CMHC Premium 5.3% | $85,978.72 | 4.30% | 50 yr | $351.58 | $4,218.93 |
| Total Loan Size | $1,708,218.73 | 4.35% | 50 yr | $6,985.11 | $83,821.34 |
Cash Flow After Debt
$18,777
DSCR
122.4%
Cash on Cash
22.0%
VI
Five-Year Projections
Down Payment $85,381 · Original Price $1,690,714| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|
| Building Value | $1,859,785 | $1,952,775 | $2,050,413 | $2,152,934 | $2,260,581 |
| Appreciation % | 10.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Appreciation $ | $169,071 | $92,989 | $97,639 | $102,521 | $107,647 |
| Total Cash Flow | $18,777 | $12,887 | $13,532 | $14,208 | $14,919 |
| Mortgage Paydown | $9,280 | $9,691 | $10,121 | $10,569 | $11,038 |
| Equity Per Year | $197,128 | $115,567 | $121,291 | $127,298 | $133,603 |
| Return on Down Payment | 230.9% | 135.4% | 142.1% | 149.1% | 156.5% |
Total Equity Gained
$694,888
Annualized 5-Yr ROI
162.77%
IRR · No Sale / Sale
6.35% / 64%
VII
Rate Sensitivity
Δ Cash Flow · DSCR| Δ | Rate | Monthly | Cash Flow | DSCR |
|---|---|---|---|---|
| −0.50% | 3.80% | $6,404.39 | $25,745.53 | 133.5% |
| −0.25% | 4.05% | $6,692.00 | $22,294.18 | 127.8% |
| Base | 4.30% | $6,985.11 | $18,776.89 | 122.4% |
| +0.25% | 4.55% | $7,283.48 | $15,196.45 | 117.4% |
| +0.50% | 4.80% | $7,586.88 | $11,555.63 | 112.7% |
VIII
Rent Sensitivity
Δ Net Rent · NOI| Δ | Net Rent | NOI | Cash Flow | DSCR |
|---|---|---|---|---|
| Base | $133,920 | $106,450 | $22,629 | 127.0% |
| −5% | $127,224 | $99,754 | $15,933 | 119.0% |
| −10% | $120,528 | $93,058 | $9,237 | 111.0% |
| −15% | $113,832 | $86,362 | $2,541 | 103.0% |