Updated over 4 years ago on . Most recent reply
Adult Family Homes
Who on the site owns and/or operates adult family homes? I've done a lot of research and found that as investments their cash flow can be great.
I'm looking to gain insight into the strategy or either building new construction to be adult family homes or rehabbing large homes and converting them while hiring out the management.
Some of my research shows that the private home rent is $4500-$8000 per month per room, which also depends on the facility and care that is provided. Staffing seems to be the biggest expense along with the insurance & licensing.
I'd appreciate any more information!
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@Rey Orinion when Rich says "10CAP" he just means the CAP rate was 10%.
CAP RATE = Property Value / Net Operating Income
Net rental income takes into account your expenses, but doesn’t factor in your financing / loan payments
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