26 BED HOMES FOR SPECIAL CARE - $1,990,000

Generic photos to protect the privacy of residents

 

FULLY GOVERNMENT FUNDED - 10% CAP RATE

 

Facility in GTA/Durham region

Turn key operation in 3 separate facilities within 30 minutes of each other.

Each facility has a "live-in" operator.

Family business since 1985.

Seller can finance.

PROFORMA  
   
           
REVENUE          
Gross Revenue     $488,651.23 *
Net Revenue       $488,651.23  
           
EXPENSES          
Food       $65,693.58  
Heat/Hydro/Water     $25,066.73  
Insurance       $4,374.01  
Inspections       $4,166.66  
Maintenance     $16,389.64  
Phone/Internet     $6,768.55  
Property Taxes     $14,396.19  
Wages & Salaries     $146,702.18 **
Total Expenses     $283,557.53  
Net Operating Income   $205,093.70  
           
CAPITALIZATION RATE  
Purchase Price     $1,990,000.00  
Capitalization Rate     10.31%  
           
FINANCING ASSUMPTIONS  
Purchase Price     $1,990,000.00  
25.00% Down Payment $497,500.00  
1st Mortgage 5 YR at 3.00% $1,492,500.00  
Monthly P&I       $7,063.19  
           
5 YEAR RETURN ON INVESTMENT  
5 YRS x N.O.I     $1,025,468.51  
INTEREST for 5YRS   $206,999.81  
Net 5 YR Income     $818,468.70  
Total R.O.I       164.52%  
Average R.O.I per year   32.90%  
           
MONTHLY CASH FLOW  
Operating Income     $17,091.14  
Monthly P&I       $7,063.19  
Net Cash Flow     $10,027.95  
           
Note: All data provided by Sellers. Buyer to verify all data.
* Based on average 2018/2019 data  
** Based on "LIVE IN" Operators