Apartment Investments

62 Unit Sarnia
September 9, 2008

Purchase price	$2,850,000
Cap Rate	7.05%
Closing costs	$49,131
Mortgage @ 75%	$2,137,500	at 5.42%
VTB @ 10%	$285,000	at 5%
Required Capital	$476,631

Monthly totals
Income	$36,525.33
Effective Income	$35,429.57
Expenses	$19,772.91
First Mortgage	$12,947.75
VTB	$1,657.57
ROI Cash	$1,051.34

Annual totals
Income	$438,304
Expenses	$237,275
First Mortgage	$155,373
VTB	$19,891
Annual ROI Cash	$25,765
Principal recapture	$47,745
Appreciation	$79,800
Annual ROI $	$153,310
ROI %	32.17%

Partnership share first year
Annual ROI $	$76,655
ROI %	16.08%

5 Year forecast
Income	$2,382,626
Expenses	$1,289,830
First Mortgage	$776,865
VTB	$99,454
ROI Cash	$216,477
Principal recapture	$266,152
Appreciation	$433,794
ROI $	$916,423
Annualized ROI %	38.45%

Partnership share
ROI $	$458,211.50
Annualized ROI %	19.23%

21 Unit Hamilton
September-04-08

Purchase price	$875,000
Cap Rate	8.42%
Closing costs	$22,014
Mortgage @ 75%	$656,250	at 5.82%
VTB @ 10%	$87,500	at 5%
Required Capital	$153,264

Monthy totals
Income	$12,863.00
Effective Income	$12,245.58
Expenses	$6,723.25
First Mortgage	$4,128.77
VTB	$508.90
ROI Cash	$884.66

Annual totals
Income	$154,356
Expenses	$80,679
First Mortgage	$49,545
VTB	$6,107
Annual ROI Cash	$18,025
Principal recapture	$13,940
Appreciatation	$24,500
Annual ROI $	$56,465
ROI %	36.84%

Partnership share first year
Annual ROI $	$28,233
ROI %	18.42%

5 Year forecast
Income	$839,081
Expenses	$438,572
First Mortgage	$247,726
VTB	$30,534
ROI Cash	$122,249
Principal recapture	$78,263
Appreciatation	$133,182
ROI $	$333,694
Annualized ROI %	43.55%

Partnership share
ROI $	$166,847.22
Annualized ROI %	21.77%

14 Unit Toronto
September-04-08

Purchase price	$1,100,000
Cap Rate	8.69%
Closing costs	$25,103
Mortgage @ 75%	$825,000	at 5.82%
VTB @ 10%	$110,000	at 5%
Capital required	$190,103

Monthy totals
Income	$11,360.00
Effective Income	$10,564.80
Expenses	$3,395.00
First Mortgage	$5,190.46
VTB	$639.77
ROI Cash	$1,339.57

Annual totals
Income	$136,320
Expenses	$40,740
First Mortgage	$62,286
VTB	$7,677
Annual ROI Cash	$25,617
Principal recapture	$17,525
Appreciatation	$30,800
Annual ROI $	$73,942
ROI %	38.90%

Partnership share first year
Annual ROI $	$36,971
ROI %	19.45%

5 Year forecast
Income	$741,037
Expenses	$221,463
First Mortgage	$311,428
Second Mortgage	$38,386
ROI Cash	$169,760
Principal recapture	$98,388
Appreciatation	$167,429
ROI $	$435,578
Annualized ROI %	45.83%

Partnership share
ROI $	$217,788.77
Annualized ROI %	22.91%

9 Unit Brantford
September-04-08

Purchase price	$579,000
Cap Rate	7.50%
Closing costs	$17,950
Mortgage @ 75%	$434,250	at 5.82%
VTB @ 10%	$57,900	at 5%
Capital required	$104,800

Monthy totals
Income	$5,717.50
Effective Income	$5,431.63
Expenses	$2,096.42
First Mortgage	$2,732.07
VTB	$336.75
ROI Cash	$266.39

Annual totals
Income	$68,610
Expenses	$25,157
First Mortgage	$32,785
VTB	$4,041
Annual ROI Cash	$6,627
Principal recapture	$9,225
Appreciatation	$16,212
Annual ROI $	$32,064
ROI %	30.60%

Partnership share first year
Annual ROI $	$16,032
ROI %	15.30%

5 Year forecast
Income	$372,965
Expenses	$136,754
First Mortgage	$163,924
Second Mortgage	$20,205
ROI Cash	$52,082
Principal recapture	$51,788
Appreciatation	$88,129
ROI $	$191,998
Annualized ROI %	36.64%

Partnership share
ROI $	$95,999.08
Annualized ROI %	18.32%

6 Unit Hamilton
September-02-08

Purchase price	$340,000
Cap Rate	7.69%
Closing costs	$14,668
Mortgage @ 75%	$255,000	at 5.82%
VTB @ 10%	$34,000	at 5%
Capital required	$65,668

Monthy totals
Income	$3,750.00
Effective Income	$3,562.50
Expenses	$1,571.75
First Mortgage	$1,604.32
VTB	$197.75
ROI Cash	$188.68

Annual totals
Income	$45,000
Expenses	$18,861
First Mortgage	$19,252
VTB	$2,373
Annual ROI Cash	$4,514
Principal recapture	$5,417
Appreciatation	$9,520
Annual ROI $	$19,451
ROI %	29.62%

Partnership share first year
Annual ROI $	$9,725
ROI %	14.81%

5 Year forecast
Income	$244,621
Expenses	$102,529
First Mortgage	$96,259
Second Mortgage	$11,865
ROI Cash	$33,968
Principal recapture	$30,411
Appreciatation	$51,751
ROI $	$116,129
Annualized ROI %	35.37%

Partnership share
ROI $	$58,064.71
Annualized ROI %	17.68%

60 unit Orillia
August-29-08

Purchase price	$6,950,000
Cap Rate	6.38%
Closing costs	$105,424
Mortgage @ 75%	$5,907,500	at 4.5%
VTB @ 10%	$0
Capital required	$1,147,924

Monthy totals
Income	$48,213.00
Effective Income	$47,007.68
Expenses	$11,257.66
First Mortgage	$27,917.15
VTB
ROI Cash	$7,832.87

Annual totals
Income	$578,556
Expenses	$135,092
First Mortgage	$335,006
VTB	$0
Annual ROI Cash	$108,458
Principal recapture	$73,109
Appreciatation	$194,600
Annual ROI $	$376,167
ROI %	32.77%

Partnership share first year
Annual ROI $	$188,083
ROI %	16.38%

5 Year forecast
Income	$3,145,038
Expenses	$734,361
First Mortgage	$1,675,029
VTB	$0
ROI Cash	$735,647
Principal recapture	$365,545
Appreciatation	$1,057,848
ROI $	$2,159,041
Annualized ROI %	37.62%

Partnership share
ROI $	$1,079,520.31
Annualized ROI %	18.81%

62 Unit Apartment