RubinBrown Apartment Stats 2017

GOVERNMENT ASSISTED BY REGION

North

East/Northeast

Midwest

South/Southeast

Total Number of Projects

31

74

281

98

Average Project Age In Years Average Number of Units

16.52

13.77

12.55

9.79

85

119

102

101

Averages Per Unit: Monthly Rent

$757

$899

$766

$791

Square Feet

873

947

875

1,005

Rooms

4.50

4.80

4.33

5.19

Economic Occupancy

94.0%

90.4%

92.4%

91.0%

Net Operating Income Before Debt Service & Depreciation as a Percentage of Total Income

34.1%

36.0%

36.2%

30.8%

A

B

C

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$9,080 $10.41 100.0% $10,791 $11.39 100.0%

$9,196 $10.51 100.0%

$9,493

$9.44 100.0%

(544) (0.62) (120) (0.14)

-6.0% -1.3% -0.1% 92.6%

(1,032) (1.09) (161) (0.17) (36) (0.04)

-9.6% -1.5% -0.3% 88.6%

(702) (0.80) (137) (0.16) (145) (0.17)

-7.6% -1.5% -1.6% 89.3%

(859) (0.85) (151) (0.15) (51) (0.05)

-9.0% -1.6% -0.5% 88.8%

Collection Loss

(9) (0.01)

Concession Loss

Rent Collected

8,407

9.64 0.62

9,562

10.09

8,212

9.38 0.70

8,432

8.39 0.54

541

6.0%

495

0.52

4.6%

610

6.6%

542

5.7%

Other Income

$8,948 $10.26

98.5%

$10,057 $10.61

93.2%

$8,822 $10.08

95.9%

$8,974

$8.93

94.5%

Total Income

Expenses Salaries and Personnel

$978

$1.12

10.8% 5.5% 0.5% 4.9% 2.4% 0.7% 1.0% 0.3% 0.6% 0.4% 0.6% 3.0% 8.6% 3.3% 10.1% 12.5%

$1,078

$1.14

10.0% 5.9% 0.5% 4.7% 9.5% 1.7% 0.5% 1.2% 0.7% 0.7% 1.0% 0.4% 2.9% 7.2% 2.3% 10.3% 59.6%

$1,018

$1.16

11.1% 5.6% 0.8% 4.8% 8.7% 1.3% 0.7% 0.9% 0.6% 0.4% 0.4% 0.4% 3.8% 5.9% 3.4% 12.4% 61.2%

$1,251

$1.24

13.2% 6.8% 0.7% 5.5% 9.2% 1.5% 1.2% 2.0% 0.8% 0.6% 0.6% 0.3% 5.4% 4.8% 2.4% 10.3% 65.4%

Administrative

496

0.57 0.05 0.51 1.05 0.25 0.07 0.10 0.03 0.06 0.04 0.06 1.30 0.31 0.90 0.34

633

0.67 0.06 0.54 1.08 0.20 0.05 0.14 0.08 0.08 0.11 0.05 1.18 0.33 0.82 0.26

516

0.59 0.08 0.50 0.91 0.14 0.07 0.10 0.06 0.05 0.04 0.04 1.30 0.40 0.62 0.36

643

0.64 0.07 0.52 0.87 0.14 0.11 0.19 0.07 0.06 0.06 0.03 0.97 0.51 0.45 0.23

Marketing

47

53

70

69

Management Fees

441 916 218

512

440 799 123

525 870 145 110 192

Utilities

1,022

Carpeting

187

Painting

59 91 26 53 33 54

50

61 86 53 40 36 39

Landscaping

133

HVAC

78 78

75 57 61 32

Appliances

Plumbing Electrical

104

43

Other Repairs and Services

1,131

1,116

1,140

980 516 452 228

Insurance

270 785 301

316 781 250

353 539 315

Real Estate Taxes

Other Taxes

Total Expenses

$5,899

$6.76 65.0%

$6,434

$6.79

$5,628

$6.42

$6,206

$6.16

Net Operating Income Before Debt Service & Depreciation

$3,049

$3.50 33.6%

$3,623

$3.82

33.6%

$3,194

$3.66

34.7%

$2,768

$2.77

29.2%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2017

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