Residential Assisted Living Calculator
Calculate Your RAL Investment Potential
Need help? View the calculator instructions
Property Details
Renovation & Conversion Costs
Financing
Revenue Projections
Operating Expenses
How to Use This Calculator
Property Details
Enter the basic information about the property you're considering converting to an RAL:
- Purchase price of the property
- Property type (single-family homes often work best)
- Square footage (minimum 2,500 sq ft recommended)
- Current bedroom/bathroom count
- Planned number of RAL beds (consider local regulations)
Renovation & Conversion
Include all costs required to convert the property to meet RAL standards:
- Basic renovation costs for updating the property
- Accessibility modifications (ramps, wider doorways, grab bars)
- Fire suppression systems (often required by code)
- Furnishing costs for all resident rooms and common areas
- Permits and licensing fees specific to your jurisdiction
- Add a contingency budget for unexpected costs
Revenue Projections
Calculate potential income based on:
- Monthly rates for private pay vs. Medicaid residents
- Expected mix of private vs. Medicaid residents
- Realistic occupancy rates (85% is typical)
- Additional service fees for special care needs
Operating Expenses
Consider all monthly operating costs:
- Staffing costs (caregivers, administrative staff)
- Utilities and maintenance
- Food service and supplies
- Insurance (liability and property)
- Marketing and administrative expenses
Understanding Results
The calculator will provide:
- Total initial investment required
- Monthly and annual revenue projections
- Operating expense breakdown
- Cash flow analysis
- Return on investment (ROI) calculations
- Break-even analysis