Investment Information Sheet

City HAMILTON
Address 120 Sherman Ave. S.
Close to corner of Main
Res Units 15
MATT MYSAK INC. Comm Units 0
Brokerage
Price $519,000
2228-A Bloor St. West
Price / Suite $34,600
Toronto, ON M6S 1N6
Cap Rate 8.4%
Phone: 416-767-5500
Fax: 416-760-7878
www.MysakRealty.com
Mortgage Details
Rank Type Amount Rate Mnthly Pmnt P&I Yr. Payment Due Date Principal Recapture
1st arrange $370,000 5.60% 2280.03 P&I $27,360 5 yrs $7,055
2nd $0
3rd $0
Mtge. Total $370,000 2280.03 $27,360 $7,055
Down Payment $149,000 DP % 29% Asking Price 519,000
Expenses as of October 31, 2008 Source of Income November 2008 x 12
Per Suite Annual Monthly Annual Projected for 2008
Taxes $1,217 $18,252 Rental $8,260 $99,120 1 x Bachelor
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 Total $8,260 $99,120
Maint. Est. $400 $6,000 AVG/Unit $551 $6,608
Super Est. $350 $5,250 GROSS ANNUAL INCOME $99,120 GROSS Rent Multiplier 5.2
Vac Est 5.0% $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 CASH RETURN 10.8%
Add Principal Recap $7,055
TOTAL RETURN ON INVESTMENT $23,121 ROI% 15.5%
EXPENSES $3,713 $55,693
For this and/or other investment properties, call MATT MYSAK INC. Brokerage at 416-767-5500
Property Details Capital Items
Approx. Age 1920 Intercom no Fridges+Stoves 15+15 Roof new in 2004
Lot Size 100' x 55' Hall Floors wood/v.tile Parking In+Out 0+8 Furnace hydronic natural gas in good condition
Construction Brick Room Floors wood/carp/lam Leases mt to mt Windows Original
# Stories 3 Heat Type HWG (O) Cable Paid Tenants Enviro not available
Balconies some HWT Style Gas (O) Hydro Paid tenants (seeRR)
Fire Retrofit complete
Elevator no Washer/Dryer 0 CVA (2008) 450,000 Other Info unit floors...wood/carpet/laminates
Remarks

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