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Generic photo to protect the privacy of residents
12% CAP RATE
• Well established Care Home
• Fully Government funded with NO VACANCIES
• Turn key operation
• Expansion possibilities
• Large Lot
• Urban location
| PROFIT & LOSS |
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|
|
| Revenue |
|
$418,000.00 |
| Expenses |
|
|
| Accounting |
|
$1,000.00 |
| Food & Supplies |
|
$43,360.43 |
| Garbage Disposal |
|
$237.87 |
| House Insurance |
|
$5,807.16 |
| Office Expense |
|
$1,500.00 |
| Professional Fees |
|
$3,000.00 |
| Property Tax |
|
$7,634.12 |
| Repair and Maintenance |
|
$3,948.49 |
| Salary |
|
$157,766.12 |
| Telephone/Cable/Internet |
|
$3,858.20 |
| Utilities |
|
$9,032.82 |
| Vehicle Expenses |
|
$3,000.00 |
| Total Operating Expenses |
|
$240,145.21 |
| |
|
|
| Net Operating Income |
|
$177,854.79 |
| |
|
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| * Based on 2021 data. |
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