Financials Summary - 783 Leonard St, Akron, OH 44307.md

# Financial Data

**Lofty Property ID:** `01G8TXERV09QRTK4X39RXH330T`
**Lofty Asset Unit:** `LFTY0202`
**Last Updated:** 2026-04-06 01:20:55 UTC

## 2026-04-04 — Sale Closed

**Property:** 783 Leonard St, Akron, OH 44320  
**Event:** Sale Closed  
**Close Date:** March 7, 2026  
**Settlement:** Received  

**Status:** Sale officially closed. Settlement funds received. Reconciliation underway to determine gross proceeds, closing costs, net proceeds, and DAO distribution timing.  

**Next Steps:** Awaiting final reconciliation numbers. Distribution timeline TBD.  

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## Purchase Information

- **Sale Price:** $70,000.00
- **Closing Costs:** $1,050.00
- **Total Investment:** $81,104.62

## Tax Assessment

- **Annual Taxes:** $1,366.38

## Insurance

- **Annual Premium:** $930.30



## Income

- **Projected Rental Yield:** 7.15%
- **Projected Annual Cash Flow:** $5,798.43

## Property Management

- **PM Fee Rate:** 0.0% of gross rents
- **DAO LLC Fee:** $750.00/year

- **Gross Monthly Rent:** $900.00

## Annual Expenses

- **Property Taxes:** *(see Tax Assessment)*
- **Homeowners Insurance:** *(see Insurance)*
- **Property Management:** *(ECO Systems — per contract)*
- **Utilities Water/Sewer:** $1,149.98

## Cash Flow Metrics

- **IRR:** 1.2%
- **Current Maintenance Reserve:** $-2,585.32
- **Cash Flow:** $0.00/month

## Market

- **Market:** Akron
- **Neighborhood Score:** C-/100

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*Auto-generated from Lofty.ai financial data.*
*Sync with Baselane/Hemlane for actuals reconciliation.*