Show Me The Money: Assisted Living Revenue Case Study (Podcast)

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Upfront Costs:
 Mortgage: 285k 
Lease: 3K
Single Family 1000/sqr ft minimum, 3/2 signal room 80 sqr ft., semi-private 120 sqr feet,  Basement or Den (Caregivers Living Quarters)
Down payment: 12k (Down Payment Assistance) 
Join First Time Home Buyers Program in your county. 
Bedrooms Furnishing New*: $1,900.00  
Common Areas Used*: $600.00 
Kitchen Used*: $200.00
Fire Extinguisher × 2 $125.00
Small Locked Refrigerator w/ Lock $100.00
Raised Toilet Seat - $35.00 per bathroom 
Wall Railing $70 per 3 foot 
*Used:
  • Offerup 
  • Goodwill 
  • Craigslist 
  • Facebook Marketplace 
Monthly Fixed Cost:
  1. Mortgage/Rent $1,780.00
  2. Electric $125.00 (Budget Billing)
  3. Water $33.00
  4. Cable / Internet Bundle $184.00 (Xfinity) Home Security 
  5. Groceries $450.00 (Sam's Club)
  6. Payroll ( Caregivers 185/day $5,100.00*, AL Manager $2,500* Manage it yourself, Delegating Nurse $150.00*
Monthly Total: $10,109.00
Consecutive Income Projections 15k/mo:
  1. Single Room 4.0k /2
  2. Double Occupancy 3.5/2
Aggressive Income Projections 19k/mo:
  1. Single Room 5.5k / 2
  2. Double Occupancy 4k / 2

 

Follow The Link to Your Preferred Podcast Platform To Listen Now:

Apple Podcasts

Google Podcasts

Spotify


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