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1278 E 187th St
1278 E 187th St
Cleveland, OH 44110
About
Single-family home located in Cleveland, Ohio. This 1,592 sq ft home features 3 bedrooms and 1.5 bathrooms. The property is currently occupied on a month-to-month lease at $950 per month. $918.33 in operating cash is being held by the previous property manager to cover outstanding bills and will be transferred once settled.
Property Management
Legacy Residential Management
In addition to sales and service leadership roles in my professional career, I’ve been involved in real estate and small-business investing for 25+ years. That experience has given me a practical, well-rounded understanding of what it takes to maintain relationships and assets alike. My approach is hands-on, thoughtful, and methodical, continuously looking for ways to control costs and optimize performance without losing sight of the tenant experience. I believe a property manager needs to be accountable to the tenant, the owners, the platform, the asset, and the token price—giving each the attention and care it deserves. My goal is to preserve the asset value and encourage quality tenant lease renewals, maximizing investor returns.
Due Diligence Documents
About this offering
The Market
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Major items for July 2026:
Revenue was $855.00 and operating expenses were -$1,208.15, resulting in NOI of -$353.15.
Below NOI, the ledger records capital expenditures or private-loan payments of $250.00; Net Operating Cashflow after these items was -$603.15. Lofty's live NOI may differ because its Other Expenses/Utilities presentation can include these below-the-line items.
Financial detail:
Cash Flow Snapshot (2026-07)
Monthly Gross Rent: $855.00
Repairs & Reimbursement: $0.00
Other Revenue: $0.00
Total Income: $855.00
Escrowed Taxes & Insurance: -$270.65
DAO LLC Admin Fee: -$62.50
Property Management Fee: $0.00
Other Expenses: -$875.00
Total Operating Expenses: -$1,208.15
Net Operating Income (NOI): -$353.15
Capital Expenditures: -$250.00
Net Operating Cashflow: -$603.15
Monthly Cash Position (2026-07)
Actual July 31 position:
Baselane bank cash (currently accessible): $753.87
July 31 cutoff balance: $999.84
Post-close net cash activity: -$245.97
ECO-held 1278 E 187th St cash: $0.00
Recorded unpaid obligations: $520.82
Due to ECO Systems LLC — DAO fees: $375.00
Due to Property-tax authority — Taxes: $145.82
Spendable Baselane/ECO cash after recorded obligations (before Lofty OR): $0.00
ECO Net DAO Funds (spendable cash held by ECO): $0.00
Separate from spendable cash:
Lofty operating-reserve ledger: $388.43 — cash held separately by Lofty, not by ECO.
Accounts Payable to ECO - Pending DAO Governance: $4,519.28
Baselane/ECO spendable cash and the Lofty operating-reserve ledger are shown separately; neither should be read as an approved distribution.
If anything looks wrong, please DM @earlvanze on Discord or email ecosystemspm@gmail.com.
Earl Co
ECO Systems LLC
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
1278 E 187th St
Cleveland, OH 44110
About
Single-family home located in Cleveland, Ohio. This 1,592 sq ft home features 3 bedrooms and 1.5 bathrooms. The property is currently occupied on a month-to-month lease at $950 per month. $918.33 in operating cash is being held by the previous property manager to cover outstanding bills and will be transferred once settled.
Property Management
Legacy Residential Management
In addition to sales and service leadership roles in my professional career, I’ve been involved in real estate and small-business investing for 25+ years. That experience has given me a practical, well-rounded understanding of what it takes to maintain relationships and assets alike. My approach is hands-on, thoughtful, and methodical, continuously looking for ways to control costs and optimize performance without losing sight of the tenant experience. I believe a property manager needs to be accountable to the tenant, the owners, the platform, the asset, and the token price—giving each the attention and care it deserves. My goal is to preserve the asset value and encourage quality tenant lease renewals, maximizing investor returns.
Due Diligence Documents
Offering Details
The Market
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Major items for July 2026:
Revenue was $855.00 and operating expenses were -$1,208.15, resulting in NOI of -$353.15.
Below NOI, the ledger records capital expenditures or private-loan payments of $250.00; Net Operating Cashflow after these items was -$603.15. Lofty's live NOI may differ because its Other Expenses/Utilities presentation can include these below-the-line items.
Financial detail:
Cash Flow Snapshot (2026-07)
Monthly Gross Rent: $855.00
Repairs & Reimbursement: $0.00
Other Revenue: $0.00
Total Income: $855.00
Escrowed Taxes & Insurance: -$270.65
DAO LLC Admin Fee: -$62.50
Property Management Fee: $0.00
Other Expenses: -$875.00
Total Operating Expenses: -$1,208.15
Net Operating Income (NOI): -$353.15
Capital Expenditures: -$250.00
Net Operating Cashflow: -$603.15
Monthly Cash Position (2026-07)
Actual July 31 position:
Baselane bank cash (currently accessible): $753.87
July 31 cutoff balance: $999.84
Post-close net cash activity: -$245.97
ECO-held 1278 E 187th St cash: $0.00
Recorded unpaid obligations: $520.82
Due to ECO Systems LLC — DAO fees: $375.00
Due to Property-tax authority — Taxes: $145.82
Spendable Baselane/ECO cash after recorded obligations (before Lofty OR): $0.00
ECO Net DAO Funds (spendable cash held by ECO): $0.00
Separate from spendable cash:
Lofty operating-reserve ledger: $388.43 — cash held separately by Lofty, not by ECO.
Accounts Payable to ECO - Pending DAO Governance: $4,519.28
Baselane/ECO spendable cash and the Lofty operating-reserve ledger are shown separately; neither should be read as an approved distribution.
If anything looks wrong, please DM @earlvanze on Discord or email ecosystemspm@gmail.com.
Earl Co
ECO Systems LLC
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Right now this home's rent goes toward costs such as repairs, refilling the operating reserve, or covering a vacancy.
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$950.00
Monthly Rent
$950.00
Monthly Expenses
$0.00
Paid to investors
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.