ready-to-open
171 Greendale Lane
Price
Listing Tags
—
Beds
24
Size
14700 sqft
Type
Single Family
Overview
Lease and Income Structure
Property Financials
Bed Data
Shared Beds
24
Total Beds
24
Vacancy Rate (estimated)
20%
House Mentors
2
Revenue-Producing Beds
17.20
Weekly Rent
$750.00
Intake Fee
$200.00
Revenue (Annual)
Total Potential Rent Income
$936,000.00
Less: Vacancy & Loss
$187,200.00
Less: Mentor Rent Credit
$78,000.00
Plus: Intake Fee Revenue
$7,680.00
Plus: Laundry Service Revenue
$3,994.00
Total Revenue
$682,474.00
Expenses (Annual)
Operating Expenses
$63,451.00
Property Taxes
$6,748.00
Property Insurance
$2,600.00
Operator Compensation
$24,000.00
Total Expenses
$96,799.00
Net Income
Net Operating Income
$585,675.00
Valuation
Capitalization Rate
8.50%
Value on Cap Rate
$6,890,294.00