171 S. Heath Terrace
Price
Listing Tags
—
Beds
24.0
Size
4470 sqft
Type
Single Family
Overview
Asking rent is $19,000 to $21,000 per month, depending on lease term and terms.
Lease and Income Structure
Property Financials
Bed Data
Total Beds
24.0
Vacancy Rate (estimated)
20%
House Mentors
2.0
Revenue-Producing Beds
17.00
Weekly Rent
$325.00
Intake Fee
$200.00
Revenue (Annual)
Total Potential Rent Income
$405,600.00
Less: Vacancy & Loss
$81,120.00
Less: Mentor Rent Credit
$33,800.00
Plus: Intake Fee Revenue
$7,600.00
Plus: Laundry Service Revenue
$3,952.00
Total Revenue
$302,232.00
Expenses (Annual)
Operating Expenses
$22,877.00
Property Insurance
$2,600.00
Operator Compensation
$24,000.00
Valuation
Capitalization Rate
8.50%