← 1456 W 85th St, Cleveland, OH 44102 · Portfolio index

08 - Repairs & Maintenance - Alternate Version - Renovations & Updates - 1456 W 85th St, Cleveland, OH 44102 - 1456 W 85th St, Cleveland, OH 44102 - Content XXH3_103ed76.md

Generated 2026-07-01T05:25:50.520233+00:00 from live Dropbox Public folders.

Extracted Content

- **Property Update (2026-04-08):** - April 2026 Property Update: | ECO Operating Cash: $176.40 | Lofty Operating Cash: $-7,075.47 | Yhome Net Due TO DAO: $1,140.36 | Outstanding Taxes: $-2,399.80 | DAO Net Cash: $-5,114.12 | Est. Equity: $278,478 | Est. NAV: $58.64/share | Tax payment $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes. Lofty OR at $-7,075.47 operating with reserve deficit. 2nd half 2025 taxes ($2,399.80) due Aug 2026. T-12 (2025) Revenue $77,971, NOI ~$74,400. - **Property Update (2026-02-21):** - We received an off-market offer for this property alongside several others. I have countered with 25% down to rebalance economic risk for refinance certainty at 30% equity, or 20% down with refinance certainty at 25% equity. Please join the property channel on Discord for further discussion prior to a governance vote. - Purchase Price: $274k - Down Payment: 12% - Monthly payment: $611 - 88% Seller financed note @ 0% rate - 5-year balloon with condition that refi meets 70% of loan amount or option to extend up to 8 years - If sold individually today: List at $229,000, expect negotiation to $205k–$220k, close at or below $200k net of broker fees and closing costs