Investment Dashboard · All-Cash
01
Property & Financing
Acquisition
Mills Act (historic)
Management
02
Cash Flow · Pro Forma
An all-cash building's return is just its unlevered yield. Here's the rent-to-NOI waterfall. Every cost line is now confirmed except the repairs reserve (marked est). Cap rate runs on the ~$1.47M current value; yield-on-cost on the $1.25M paid in 2023.
Where the rent goes
03
Rent Roll
04
Costs & Utilities
Owner-paid utilities
Fixed carrying costs
⚠ Owner pays all utilities — the cost lever
05
Keep Cash vs. Lever Up
↓ interactive calculatorSimplified: new mortgage amortized over 30 yrs; freed cash = loan amount (closing ignored); redeployed cash earns the “redeploy yield” you set. Compares levering+redeploying against staying all-cash. Directional planning only, not a financing offer.
Rule of thumb
Because the property is paid off, the question isn't "does this deal beat my loan?" — it's whether borrowing is worth it at all. A loan only makes sense if the cash it frees up can be reinvested at a return clearly higher than the loan's interest rate. This building earns ~3.1% a year; a new mortgage costs ~7%. So borrowing only comes out ahead if you can put the freed-up cash somewhere earning well above 7% — otherwise you're just stacking a 7% debt on top of a 3% asset. And it's a real mortgage: fixed monthly payments, and this property's own cash flow shrinks once it carries a loan. There's no pressure to act — a paid-off building is a perfectly good place to leave money parked.06