Overview

Men's House

Lease and Income Structure

It is a fully functional home for men with a total of 32 beds with a combination of private & shared beds.

Property Financials

Bed Data

Total Beds 21.2

Vacancy Rate (estimated) 20%

House Mentors 1.8

Revenue-Producing Beds 15.16

Intake Fee $200.00

Revenue (Annual)

Plus: Intake Fee Revenue $6,784.00

Plus: Laundry Service Revenue $3,528.00

Expenses (Annual)

Operating Expenses $23,560.00

Property Insurance $2,600.00

Operator Compensation $24,000.00

Valuation

Capitalization Rate 8.50%

It's a turnkey property.