← 1456 W 85th St, Cleveland, OH 44102 · All properties

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2026-07-14 - Property Update (07/14/2026): Hi everyone, This month's update includes the current reviewed financial summary from the guarded monthly workflow. Financial summary from FINANCIALS.md: Financial data is shown as of 2026-06. ## Cash Flow Snapshot (2026-06) Revenue: -$242.90 Operating Expenses: -$4,862.10 NOI: -$5,105.00 Net Operating Cashflow: -$5,105.00 ## Monthly Cash Position (2026-06) Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the cu

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## 2026-07-14

- Property Update (07/14/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: -$242.90
Operating Expenses: -$4,862.10
NOI: -$5,105.00
Net Operating Cashflow: -$5,105.00

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

Lofty Operating Cash: -$7,075.47 (Lofty curr_maintenance_reserve)
ECO Operating Cash: $11,447.79 (ECO Systems General Ledger Column E (259 rows))

# Property Updates

## 2026-07-12

- Property Update (07/12/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

## Cash Flow Snapshot (2026-04)

**Source:** Cash Flow Statement, month `2026-04`
**Updated:** 2026-05-18

| Metric | Amount |
|---|---:|
| Revenue | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Loan/CapEx/Retained Earnings | $0.00 |
| Net Operating Cashflow | $0.00 |
| Rents | $0.00 |
| Property Management Fee | $0.00 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Utilities | $0.00 |
| Repairs / Maintenance | $0.00 |
| Operating Reserve Balance | $0.00 |
| ECO Cash Balance | $0.00 |
| Mortgage Principal Balance | $0.00 |
| Estimated NAV | $0.00 |

`source_workbook: Public/07 - P&L & Owner Statements/Cash Flow Statement - 1456 W 85th St, Cleveland, OH 44102.xlsx`
<!-- AUTO:CF_PRIOR_MONTH_END -->

## Monthly Cash Position (2026-06)

Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | -$7,075.47 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $11,690.69 | ECO Systems General Ledger Column E (258 rows) |

Financial summary:
- Lofty-held current maintenance reserve: -$7,075.47
- ECO GL Column E sum: $11,690.69 (258 rows)

## 2026-07-02

- Property Update (07/02/2026):
This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-07-02

- Property Update (07/02/2026):
Hi everyone,

This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-06-27

- Property Update (06/27/2026):
Hi everyone,

Quick update on **1456 W 85th St, Cleveland, OH 44102**:

- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations and file review are in progress.
- A fuller operational/financial update will follow after manager file reconciliation.

**What to expect next**
- Current operations snapshot
- Any material leasing/maintenance/compliance items
- Financial/reconciliation notes (if applicable)
- Next expected update timing

Financial summary:
- Lofty-held current maintenance reserve: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-06-27

- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-04-14

- Property Update (04/14/2026):
- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations are ongoing and stable.
- A fuller operational/financial update will follow after complete reconciliation.

- Financial Summary:
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $1,140.36 |
| Lofty Operating Cash (Unverified) | ($7,275.47) |
| Aligned Property Reserve | $1,500.00 |
| ECO Operating Cash | $4,744.59 |
| Security Deposits | ($1,790.00) |
| 2025 2nd Half Taxes Due July | ($2,399.80) |
| DAO Net Cash (Capital Call) | $(5,380.32) |
| Estimated Owners' Equity | $278,478 |
| DAO Estimated NAV Per Token | $58.58 |

- Tax Payment — $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes.
- Lofty Operating Cash — Currently at $-7,075.47. Operating with reserve deficit.
- Outstanding Liabilities — 2nd half 2025 taxes ($2,399.80) due Aug 2026.
- T-12 (2025) — Revenue $77,971, NOI ~$74,400.

## 2026-04-14

- Property Update (04/14/2026):
- Property operations are ongoing and stable.
- A fuller operational/financial update will follow after complete reconciliation.

- Financial Summary:
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $1,140.36 |
| Lofty Operating Cash (Unverified) | ($7,275.47) |
| Aligned Property Reserve | $1,500.00 |
| ECO Operating Cash | $4,744.59 |
| Security Deposits | ($1,790.00) |
| 2025 2nd Half Taxes Due July | ($2,399.80) |
| DAO Net Cash (Capital Call) | $(5,380.32) |
| Estimated Owners' Equity | $278,478 |
| DAO Estimated NAV Per Token | $58.58 |

- Tax Payment — $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes.
- Lofty Operating Cash — Currently at $-7,075.47. Operating with reserve deficit.
- Outstanding Liabilities — 2nd half 2025 taxes ($2,399.80) due Aug 2026.
- T-12 (2025) — Revenue $77,971, NOI ~$74,400.

## 2026-04-08

- Property Update (04/08/2026):
| Field | Value |
|-------|-------|
| ECO Operating Cash | $176.40 |
| Lofty Operating Cash | $-7,075.47 |
| Yhome Net Due TO DAO | $1,140.36 |
| Outstanding Taxes (2nd Half 2025) | $-2,399.80 |
| DAO Net Cash | $-5,114.12 |
| Estimated Owners' Equity | $278,478.00 |
| Estimated NAV/Token | $58.64 |

**Tax Payment** — $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes.

**Lofty Operating Cash** — Currently at $-7,075.47. Operating with reserve deficit.

**Outstanding Liabilities** — 2nd half 2025 taxes ($2,399.80) due Aug 2026.

**T-12 (2025)** — Revenue $77,971, NOI ~$74,400.

[ECO General Ledger](https://www.dropbox.com/scl/fi/atgprv82nnc1fdcksyd2t/ECO-Systems-General-Ledger-1456-W-85th-St.-Cleveland-OH-44102.csv)

## 2026-02-21

- Property Update (02/21/2026):
- 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. NAV <$42.90/share

- Financial Summary:
- Delinquent and first half 2025 taxes paid ($8,107.19) [Receipt](https://www.dropbox.com/scl/fi/8l3f99k61gxrcyrh3u9pi/Cuyahoga-County-Treasurer-OH-Payments-Receipt-2026-02-21-1456-W-85th-St.-Cleveland-OH-44102.pdf?rlkey=xok9ks5c2759ctr6rzuc3neyq&dl=0)
- Due FROM Yhome: $1,140.36
- Aligned Operating Cash: $3,044.39
- OR Due TO Lofty & Evernest: ($7,075.47)
- ECO Operating Cash: $176.40
- DAO Net Cash: ($2,714.32)
- Estimated Owners' Equity: $278,478
- Estimated NAV: $59.15/share

- From APG statements:
- Gross rent collected (2025): ≈ $31,843.87
- Operating expenses: ≈ $16,535.74
- 2025 NOI: $14,890.33/year ≈ $1,240/month (w/o repairs & maintenance)
- Trailing 12-month cash flow after R&M: $5,970.69/year ≈ $497.56/month (see APG statements)
- 2nd Half 2025 Taxes Due August 2026: ($2,399.80)
- [ECO Systems General Ledger](https://www.dropbox.com/scl/fi/atgprv82nnc1fdcksyd2t/ECO-Systems-General-Ledger-1456-W-85th-St.-Cleveland-OH-44102.csv?rlkey=rtb5cetsew6hiancgdljzpzgd&dl=0)
- [APG Balance Sheet, Income, & Cash Flow Statement 2025](https://www.dropbox.com/scl/fi/hd4lobrw0p57hu2o7fa4h/APG-Balance-Sheet-Income-Cash-Flow-Statement-2025-1456-W-85th-1456-W-85th-St-Cleveland-OH-44102.pdf?rlkey=7chs4h6ceyxuq7tdc763szmc1&dl=0)
- [APG Owner Statement 2025-12-12 to 2026-01-14](https://www.dropbox.com/scl/fi/btnrui1l9yiuarqiiqkl8/Owner-Statement-Owner-packet-2025-12-12-to-2026-01-14-1456-W-85th-1456-W-85th-St-Cleveland-OH-44102.pdf?rlkey=fg7cz038quq220l2teztj5abz&dl=0)

## 2026-02-11

- Property Update (02/11/2026):
- Edited DAO Net Cash to $97,696.88 following $777.56 for final utilities.
- Estimated NAV/share for redemption: $27.61

## 2026-02-09

- Property Update (02/09/2026):
- Closing has officially completed and net sale proceeds have been received.
- [Settlement Statement](https://www.dropbox.com/scl/fi/n0w2u7aaon5sbzntfb7o4/Master-Settlement-Statement-9919-S-Oglesby-Ave-Chicago-IL-60617.pdf?rlkey=oc8zqoktiq9eijugl95ulg72h&dl=0)
- [ECO Systems General Ledger](https://www.dropbox.com/scl/fi/1fcdmx575blxdpf0fckx8/General-Ledger-ECO-Systems-2026-02-10-9919-S-Oglesby-Ave-Chicago-IL-60617.csv?rlkey=zydllpdy0a3llswnhxbveo5uk&dl=0)
- DAO Net Cash: $97,696.88 (subject to change pending Lofty's final accounting)
- Note that this is somewhat lower than originally anticipated due to various repairs and seller concessions incurred since the offer was originally submitted, in lieu of having to replace the roof at the DAO's expense.
- Estimated NAV/share for redemption: $27.61

## 2026-01-06

- Property Update (01/06/2026):
- Governance Results for 9919 S Oglesby Ave:
- The Governance Voting results are back for the owner-proposed votes.
- The winning vote is:
- Accept the offer and authorize Earl Vanze Co to sign closing documents on behalf of the DE LLC and WY DAO LLC, validate and settle balances with all creditors, and proceed with winding down corporate affairs.
- This voting option was declared the winner in Round 1 with 594 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3396039700) or by searching the application ID: 3396039700
- The winning vote is:
- Approve 1.5% TC Fee ($0.57/share) to ECO Systems LLC
- This voting option received 550/778 token votes which is equal to 71% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3396041392) or by searching the application ID: 3396041392

## 2025-12-31

- Property Update (12/31/2025):
- Owner-Proposed Governance Vote for 9919 S Oglesby Ave:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 6 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Fellow Owners,
- We have received an [offer](https://www.dropbox.com/scl/fi/ab665fy97a4c0397ddk8v/Purchase-Offer-9919-S-Oglesby-Ave-Chicago-IL-60617.pdf?rlkey=xsnnh2cflbpph18g9xsbxmswi&e=1&dl=0) of $135k w/ $4050 in seller credits, which is slightly above the list price and superseding two lower offers.
- Offer Highlights:
- Purchase Price: $135,000
- Loan Type: Conventional
- Earnest Money: $2,000
- Closing Credits: $4,050
- Target Closing Date: January 21, 2026
- Please review the Financial Summary below (subject to change):
- Estimated Sale Proceeds: $120,150
- Lofty Operating Reserve as of Nov. 2025: $1,144.44 (Ledger not available)
- Due TO ECO Systems: ([$2,003.26](https://www.dropbox.com/scl/fi/tw3cbdqcqgkjeqk3facar/General-Ledger-ECO-Systems-2025-11-07-9919-S-Oglesby-Ave-Chicago-IL-60617.csv?rlkey=j2an1wjkl2lbczusqq00bvf1k&e=1&dl=0))
- Unpaid