Overview

Lease and Income Structure

Property Financials

Bed Data

Private Beds 1

Shared Beds 34

Total Beds 35

Vacancy Rate (estimated) 60%

House Mentors 2

Revenue-Producing Beds 12.00

Weekly Rent $180.00

Intake Fee $200.00

Revenue (Annual)

Total Potential Rent Income $327,600.00

Less: Vacancy & Loss $196,560.00

Less: Mentor Rent Credit $18,720.00

Plus: Intake Fee Revenue $5,600.00

Plus: Laundry Service Revenue $2,912.00

Total Revenue $120,832.00

Expenses (Annual)

Operating Expenses $28,786.00

Property Taxes $9,156.00

Valuation

Capitalization Rate 8.75%