Gross Revenue (annual): $108,000
Net Income (annual): $52,780
Average Bed Rate (monthly):
Beautiful adult foster care home in a rural area in Central Michigan. This home is currently owner occupied, but has trained and experienced staff to take over day-to-day operations.
This facility is large enough to accommodate 12 residents, but would need the investment of a sprinkler system to be licensed for 12.
This AFC home sits on nearly 7 acres, which already has an additional well and septic in place, to build a second facility.
Monthly bed rates haven’t been raised in several years, and are currently below the average for the area. Rates can easily be raised an additional $500 – $1,500 per bed per month.
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