Pretty much as described, you get a place to sleep, breakfast food, and room to do other stuff around the house. They show up every couple days or so to take care of things, respond very quickly to messages. the only nitpick is that public transit times get stretched (there are buses, but you have to do a lot of transfers to get places), but you'll know that from the location.
If it is available and you need a place to stay for some time, this place is recommended.