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Subject: Yhome Update: Property Analysis for 799 Stadelman Ave, Akron Dear Team, I am writing to provide an update on the property located at 799 Stadelman Ave, Akron, which was brought to Yhome following a vote on December 21, 2024. Since securing access, we have begun our work on the property. Below are the key insights and recommendations to aid in decision-making: Property Overview • • Current Estimated Value: $40,000 (as-is condition) Renovation Estimate: Approximately $30,000 • Vacancy Sta

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Subject: Yhome Update: Property Analysis for 799 Stadelman Ave, Akron
Dear Team,
I am writing to provide an update on the property located at 799 Stadelman Ave, Akron,
which was brought to Yhome following a vote on December 21, 2024. Since securing
access, we have begun our work on the property. Below are the key insights and
recommendations to aid in decision-making:

Property Overview
•
•

Current Estimated Value: $40,000 (as-is condition)
Renovation Estimate: Approximately $30,000

•

Vacancy Status: The property has been vacant for an extended period, generating
no funds for repairs.

Challenges Faced
•

Contractor Issues: We have encountered delays, price increases, and unreliable
contractors. Initially, we estimated repairs at $22,500, but after engaging a second
contractor, we negotiated the repair cost down from $26,000 to $19,500. Note that
additional work may be required on the garage.

Financial Summary
•
•

Unpaid Bills: Pending assessments from Losfty, taxes, insurance, and utility costs.
Renovation Costs: $19,500, plus a 15% markup ($2,925).

•

Yhome Fees:
o Loan fees and market analysis: $3,520
o Inspection costs: $383
o Accrued interest at 6.99%: $391.87

o Yhome DAO fees: $500
•

Total Amount Owed to Yhome (as of 3/4/2025): $27,219.87

Sales Projections
•

Purchase Price: $105,000 (acquired on May 20, 2022)

•

Estimated Sale Price: $110,000

•
•
•

Estimated Closing Costs: $16,500
Estimated Total Proceeds: $65,280.13
Estimated Final Token Price: $27.30 (if we aim for a minimum of $30 per token,
Yhome will negotiate to honor this price)

Token Financials
•

Current Token Price if Sold As-Is: $14.21 (total tokens: 2,391)

•
•

Minimum Token Sale Price Estimates: $25, $26, $30
Potential for Profit: Aiming for a minimum token price of $30 would yield over 100%
better returns compared to the as-is estimate.

Recommendations
I propose we list the property for sale while simultaneously marketing it for rent. This dual
approach will enhance its appeal to local investors and maximize its potential value.
Yhome is committed to prioritizing our investors through our profit-first system.

Options for Consideration
1. Sell the Property: Owners can choose to cash out at the sale or reinvest in a more
stable property identified by Yhome.
2. Capital Payment: Pay Yhome the outstanding amount of $28,219.
3. Owner Financing: Sell to Yhome with a purchase price of $60,000.
Thank you for your attention. I look forward to your feedback on this proposal.Best regards,
Yhome Team