1710 Patricia Ln
Missouri City, TX 77489
Health Care Property For Sale · 4 Beds

CASH COW!! Great Opportunity for an Assist Living Facility or similar. VA contract is currently in place, fully equipped, and inspection ready. Highlights: -Small Type A License -7.5 years in Good Standing -Facility is equipped and ready -Licensed for 6 residences (more can be added) -Low Overhead -Lucrative Cash Flow Opportunity Calling all astute investors! Get ready to make this property your cash cow with an incredible opportunity in the realm of assisted living facilities or similar ventures. This gem boasts a lucrative VA contract that is currently in place, making it an attractive proposition for investors seeking stable cash flow. Let's dive into the captivating highlights that make this investment opportunity unmissable: 1. "Small Type A License": Benefit from a license that allows for a manageable scale while still offering ample profit potential. 2. "7.5 Years in Good Standing": Bask in the security and reliability of knowing that this facility has a solid track record of operating without any hiccups. 3. "Facility is Equipped and Ready": Enjoy a hassle-free setup with all the necessary amenities already in place. This turnkey property is fully equipped and ready for operation, so you can hit the ground running. 4. "Licensed for 6 Residences (More Can Be Added)": Maximize your potential by starting with 6 licensed residences and expanding further to accommodate more residents. The choice is yours. 5. "Low Overhead": Watch your profit margins soar with this investment. Experience minimal overhead costs, leaving you with a substantially higher cash flow. 6. "Lucrative Cash Flow Opportunity": Brace yourself for a steady stream of income that promises exceptional returns. This investment has all the ingredients for turning your dreams into financial success. Financial Considerations: Listing Price: $375,000 Monthly Expenses (Approximate): - Utilities: $650 -700 - Groceries: $700 - Permits: $350 every 2 years - Fire Expenses (Semi and Annually) - Annual Fire Marshal Inspection: $50 - Semi-Annual Fire Inspection: $450 - Semi-Annual Sprinkler Maintenance: $350 - Task-Based Staff Expenses: - Hospital Run: $120-150 (Estimated per trip to include staying and assisting them as well as staying with them while at their appointment) - Monthly Checklist: $150-200 - Fire Extinguisher Checks: $50 (Semi-Annual) Total Monthly Expenses: $2,029.17 (~$2,029.17) Total Annual Expenses: $24,350.04 (Total Monthly Expenses * 12) Profit Calculations: Scenario 1: 80% Occupancy (4 residents) - Monthly Income (VA + State of Texas): - VA Income: $3,500 (and up depending on their needs)* 4 = $14,000 - State of Texas Income: $2,500 (and up) *4 = $10,000 - Total Monthly Income: $24,000 ($14,000 + $10,000) - Total Annual Income: $288,000 (Total Monthly Income * 12) - Total Annual Expenses: $24,350.04 (Approximate) - Total Annual Profit: $263,649.96 (Total Annual Income - Total Annual Expenses) Scenario 2: 100% Occupancy (6 residents) - Monthly Income (VA + State of Texas): - VA Income: $3,500 (and up based on needs) * 6 = $21,000 - State of Texas Income: $2,500 (and up) * 6 = $15,000 - Total Monthly Income: $36,000 ($21,000 + $15,000) - Total Annual Income: $432,000 (Total Monthly Income * 12) - Total Annual Expenses: $24,350.04 (Approximate) - Total Annual Profit: $407,649.96 (Total Annual Income - Total Annual Expenses) Don't let this chance slip through your fingers. With options to VA contracts, a fully-equipped facility, and the potential to amplify earnings through additional conversions, this is an opportunity to catapult your investment portfolio to new heights. Buyer do due diligence. Act now and witness the cash flow roll in!