Overview

Lease and Income Structure

Property Financials

Bed Data

Private Beds 1

Shared Beds 25

Total Beds 26

Vacancy Rate (estimated) 20%

House Mentors 1.5

Revenue-Producing Beds 19.30

Weekly Rent $208.00

Intake Fee $200.00

Revenue (Annual)

Total Potential Rent Income $281,216.00

Less: Vacancy & Loss $56,243.20

Less: Mentor Rent Credit $16,224.00

Plus: Intake Fee Revenue $8,320.00

Plus: Laundry Service Revenue $4,326.00

Total Revenue $221,395.00

Expenses (Annual)

Operating Expenses $29,281.00

Property Taxes $19,800.00

Valuation

Capitalization Rate 8.75%