| PROFORMA | ||
| Revenue | ||
| Rents | $360,000 | |
| 10% Vacancy | $36,000 | |
| Net Gross | $324,000 | |
| Expenses | ||
| Salaries and Wages | $72,000 | * |
| Supplies | $29,698 | |
| Professional fees | $2,825 | |
| Repairs and maintenance | $10,247 | |
| Utilities | $19,350 | |
| Advertising | $5,948 | |
| Insurance | $6,092 | |
| Office Supplies and expenses | $6,180 | |
| Property taxes | $9,550 | |
| Telephone, cable, internet | $8,559 | ** |
| Licensing fees | $6,447 | *** |
| Total Expenses | $176,896 | |
| Net Operating Income | $147,104 | |
| * Live-in night shift person has free rent | ||
| **Telephone includes owners and wifes cell phones | ||
| ***Licensing fees include one time license regristration payment of $5450, future costs are $2,114.64/year |
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| NOTE: Information provided by the Seller. | ||
| Buyers must verify all information. | ||
For more information, click http://www.hillsideretirement.com/
