Overview

Lease and Income Structure

Property Financials

Bed Data

Private Beds 26

Shared Beds 6

Total Beds 32

Vacancy Rate (estimated) 22%

House Mentors 1

Revenue-Producing Beds 23.96

Weekly Rent $155.00

Intake Fee $200.00

Revenue (Annual)

Total Potential Rent Income $257,920.00

Less: Vacancy & Loss $56,742.40

Less: Mentor Rent Credit $8,060.00

Plus: Intake Fee Revenue $9,984.00

Plus: Laundry Service Revenue $5,192.00

Total Revenue $208,294.00

Expenses (Annual)

Operating Expenses $34,202.00

Property Taxes $6,669.00

Valuation

Capitalization Rate 8.75%