07 - P&L & Owner Statements - Financials Summary - 9902 Garfield Ave, Cleveland, OH, 44108 - 9902 Garfield Ave, Cleveland, OH, 44108.md

# Financial Data

**Status:** 🏁 **SOLD** — Property divested


**Last Updated:** 2026-04-06
**Source:** Lofty PM Data Entry + Cash Flow Statement (CSV P&L) + Obie Insurance

## Investment Summary
| Field | Value |
|-------|-------|
| Total Investment | *(verify)* |
| Sale Price | *(verify)* |
| Monthly Rent | *(verify)* |

## Income (T-12 Actuals 2025)
| Field | Value |
|-------|-------|
| Total Revenue | $2,156.12 |
| Fees & Other Revenue | $0 |

## Insurance

- **Annual Premium:** $847.64

## Property Management

- **PM Fee Rate:** 10.0% of gross rents
- **DAO LLC Fee:** $750.00/year

- **Gross Monthly Rent:** $1,000.00

## Annual Expenses
| Field | Value | Source |
|-------|-------|--------|
| Property Taxes | ~$1,877 (est.) | Cuyahoga — Lofty PM Data Entry shows $938.66 |
| Homeowners Insurance | **CANCELLED** | Obie 2026 term cancelled |
| Property Management | ~15% gross | ECO Systems |
| Utilities | $0| Cash Flow Statement |
| Utilities Water/Sewer | $951.00|
| Other Operating | $475.78 | Cash Flow Statement |
| **Total Annual OpEx** | **~$2,800** (est.) | |

## T-12 Financials (2025 Actual)
| Metric | Value |
|--------|-------|
| Total Revenue | $2,156.12 |
| Total Operating Expenses | $875.78 |
| **NOI** | **$1,280.34** |

## Operating Reserve
| Field | Value | Source |
|-------|-------|--------|
| Current OR Balance | See ECO GL | |

## Current Month Distribution
| Field | Value |
|-------|-------|
| Distribution | **$0.00** |

> ⚠️ **Insurance cancelled for 2026 term** — verify replacement coverage.

## Calculated Metrics
| Field | Value |
|-------|-------|
| Cap Rate | *(pending)* |
| Cash-on-Cash Return | 0% |

---
*Updated 2026-04-04. T-12 from Cash Flow Statement CSV. Insurance = Obie 2026 term CANCELLED. Taxes = Lofty PM Data Entry × 2 (estimated). Property shows minimal revenue — verify occupancy.*