Property & Financing
Value & Equity
Mortgage
Carrying Costs
The 4.125% rate is your biggest asset
You locked a 4.125% fixed mortgage in 2021; today's rates are ~7%. At 7% this property would be near breakeven. Protect it — to pull equity, use a HELOC/2nd lien, never a cash-out refi that re-prices the whole balance.Cash Flow
True cash flow after mortgage, taxes & insurance — the things Landseer's statements leave out. You pocket roughly $15k–25k/yr, swinging mostly on repairs, while building ~$10k/yr of equity.
True annual cash flow
* 2026 is year-to-date (~4.5 months), not annualized.
Where every rent dollar went (2025)
Rent Roll
Rent vs. market
Rents are well-managed
Every unit is at or above market. The income side is solid — your opportunity is cost control, not rent.Costs & Management
Landseer fee structure
Repair spend volatility
⚠ Related-party conflict of interest
June 2026 spend request — resolved 6/22
Quoted by .
Outcome
Equity & Expansion
↓ interactive calculatorYou have ~$342k of equity and a rare 4.125% mortgage. To buy a second property without touching that rate, draw a HELOC (2nd lien) for the down payment and finance the rest with a new purchase mortgage. Move the sliders to test whether a deal pays for itself.
Simplified model: HELOC assumed interest-only; new mortgage amortized over 30 yrs; property #2 cash flow = (price × cap rate) − new mortgage P&I. Ignores appreciation, principal paydown, taxes & vacancy specifics. Directional planning only, not a financing offer.