RubinBrown Apartment Stats 2017

GOVERNMENT ASSISTED BY PROJECT SIZE

0-50 Units

51-100 Units

101-150 Units

151-200 Units

Over 200 Units

Total Number of Projects

118

156

117

47

55

Average Project Age In Years Average Number of Units

11.72

12.09

15.16

13.93

13.72

34

77

122

179

263

Averages Per Unit: Monthly Rent

$668

$861

$809

$782

$836

Square Feet

993

847

896

906

901

Rooms

5.02

4.17

4.40

4.35

4.63

Economic Occupancy

95.4%

94.4%

91.0%

92.5%

90.1%

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

28.8%

39.8%

34.7%

36.1%

42.0%

A

B

A

B

A

B

A

B

A

B

Revenues Gross Potential Rent Less: Vacancy Loss

$8,424

$8.48

$10,333 $12.20 (574) (0.68) (114) (0.13)

$9,707 $10.83 (871) (0.97) (128) (0.14)

$9,385 $10.36 (704) (0.78) (149) (0.16)

$10,034 $11.14 (989) (1.10) (150) (0.17) (196) (0.22)

(387) (0.39) (134) (0.13) (144) (0.14)

Collection Loss

Concession Loss

(50) (0.06)

(48) (0.05)

(39) (0.04)

Rent Collected

7,759

7.82 0.57

9,595

11.33

8,660

9.67 0.52

8,493

9.38 0.67

8,699

9.65 0.78

Other Income

567

549

0.65

467

603

702

Total Income

$8,326

$8.39

$10,144 $11.98

$9,127 $10.19

$9,096 $10.05

$9,401 $10.43

Expenses Salaries and Personnel

$1,001

$1.01

$1,199

$1.42

$1,071

$1.20

$1,035

$1.14

$911

$1.01

Administrative

629

0.63 0.04 0.46 0.79 0.10 0.09 0.17 0.07 0.04 0.03 0.03 1.22 0.51 0.55 0.23

666

0.79 0.11 0.59 0.99 0.16 0.08 0.12 0.08 0.06 0.05 0.06 1.19 0.46 0.63 0.43

547

0.61 0.06 0.54 1.09 0.21 0.07 0.16 0.06 0.07 0.08 0.05 1.25 0.35 0.54 0.29

478

0.53 0.06 0.51 1.04 0.14 0.05 0.12 0.07 0.04 0.06 0.04 1.38 0.38 0.60 0.25

462

0.51 0.08 0.46 0.84 0.16 0.07 0.11 0.06 0.07 0.06 0.04 1.17 0.41 0.76 0.23

Marketing

39

94

52

57

76

Management Fees

462 782

504 839 134

488 978 191

466 943 129

412 761 141

Utilities

Carpeting

95 86

Painting

68 99 69 48 46 48

63

43

65

Landscaping

170

143

112

102

HVAC

69 38 29 30

57 64 75 49

64 37 55 33

55 60 52 35

Appliances

Plumbing Electrical

Other Repairs and Services

1,215

1,005

1,124

1,247

1,054

Insurance

506 550 224

389 532 367

310 481 263

345 540 224

371 682 211

Real Estate Taxes

Other Taxes

Total Expenses

$5,925

$5.94

$6,107

$7.22

$5,956

$6.63

$5,808

$6.41

$5,450

$6.04

Net Operating Income Before Debt Service and Depreciation

$2,401

$2.45

$4,037

$4.76

$3,171

$3.56

$3,288

$3.64

$3,951

$4.39

Capital Expenditures

$222

$0.22

$341

$0.34

$224

$0.23

$685

$0.69

$374

$0.38

A = Dollars per unit, per year

B = Dollars per square foot, per year

RubinBrown Apartment Stats 2017

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