← 1090 Diagonal Rd, Akron, Ohio 44320 · All properties

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

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

Dear Investors, Subject: Analysis and Recommendations for 1090 Diagonal Rd, Akron I’m reaching out regarding the property at 1090 Diagonal Rd, Akron. As we approach the next quarter, I'm pleased to share our analysis. The property is currently rented, and the tenant has settled in well. However, our assessment indicates that the area remains high-risk, with a history of evictions and multiple thefts of our furnaces, both prior to and during our time with Yhome. It’s crucial that we make a final

Text Preview

Dear Investors,
Subject: Analysis and Recommendations for 1090 Diagonal Rd, Akron
I’m reaching out regarding the property at 1090 Diagonal Rd, Akron. As we approach the
next quarter, I'm pleased to share our analysis.
The property is currently rented, and the tenant has settled in well. However, our
assessment indicates that the area remains high-risk, with a history of evictions and
multiple thefts of our furnaces, both prior to and during our time with Yhome. It’s crucial
that we make a final decision moving forward.
Currently, the property carries a debt of approximately $29,442.81, which includes unpaid
bills and a Yhome loan of $13,753.55 (excluding interest). Additionally, this property is
located outside our primary focus area, and Akron has been identified as a high-risk region.
The property was purchased for $78,000 on March 17, 2022, and previously spent 156 days
on the market when we attempted to sell the last time. At Yhome, we do not sell properties
under distress, and while we have renovated and stabilized the property, we must consider
our next steps carefully.
I recommend one of the following options:
1. Sell the property at $45 per token (final token price to be determined after
accounting for all closing costs).
2. Pursue a Yhome refinance to cover all outstanding bills, retain the property, and
redirect funds toward a more stable investment.
3. Raise new capital to address the $29,442.81 debt plus accrued interest, allowing
Yhome to continue managing the property.
Best regard, Cal