Overview

Lease and Income Structure

Property Financials

Bed Data

Total Beds 22.1

Vacancy Rate (estimated) 1800%

House Mentors 1.8

Revenue-Producing Beds -377.80

Weekly Rent $185.00

Intake Fee $200.00

Revenue (Annual)

Total Potential Rent Income $212,602.00

Less: Vacancy & Loss $3,826,836.00

Less: Mentor Rent Credit $17,316.00

Plus: Intake Fee Revenue -$150,400.00

Plus: Laundry Service Revenue -$78,208.00

Total Revenue -$3,860,158.00

Expenses (Annual)

Operating Expenses -$185,188.00

Property Taxes $6,705.00

Property Insurance $2,625.00

Operator Compensation $24,000.00

Total Expenses -$151,858.00

Net Income

Net Operating Income -$3,708,300.00

Valuation

Capitalization Rate 8.50%

Value on Cap Rate -$43,627,059.00