performancemarch2025 - 1090 Diagonal Rd, Akron, Ohio 44320.pdf

1090 Diagonal Rd
Akron, OH 44320
Dear Lofty,
I hope this letter finds you well. I am writing to provide you with a detailed overview of the
loan associated with your property at 1090 Diagonal Rd, Akron, OH 44320. Below are the
specific components of the loan and their respective amounts:
1. Capital Call: $12,452.94
2. Yhome Loan: $16,989.87
3. Accrued Interest: $594
These fees cover the costs associated with securing the loan and ensuring that it is
appropriately recorded.
The total amount due for the loan is: $16,905
Total loan, including capital call: $30,036.81
Thank you for your attention to this matter.

Profit and Loss Statement for Rental Property
Property Address: 1090 Diagonal Rd, Akron, OH 44320
Owner: Lofty Holding
Reporting Period: 8/1/2024-3/5/2025

Income
•

Rental Income: $3,615.17

•

Other Income (security deposit): $995

•
•

Reserve: $0
Total Income: $4,610.17

Expenses
1. Fixed Expenses (70% Distribution)
a. Property Taxes: $ 2,914.08
b. Insurance: $ 883
c. Profit first Distribution: $0
d. Profit first Quarterly Distribution: $0
e. Yhome Loan: $0
f. Total Fixed Expenses: $3,797.08
2. Operating Expenses (30% Distribution)
a. Maintenance and Management Fees: $11,752.89
b. Yhome PM fees: $ 768.39 (5%)

c. Total Operating Expenses: $12,521.28

Summary
•

Total Income: $ 4,610.17

•

Total Fixed Expenses: $3,797.08

•

Total Operating Expenses: $12,521.08

Net Income Calculation
•

Net Income = $4,610 - ($3,797.08+12,521.08)

•

Net Income: -11,708.16

•

Debt: $30,038.81