RubinBrown Apartment Stats 2017

MARKET RATE

2016

2015

2014

Total Number of Projects Average Number of Units

28

31

38

288

266

279

Averages Per Unit: Monthly Rent

$949

$897

$806

Square Feet

943

926

942

Rooms

4.24

3.60

4.00

Economic Occupancy

90.7%

87.3%

86.2%

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

50.0%

50.3%

47.8%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$11,383

$12.07 (1.12) (0.13) (0.22)

100.0%

$10,763 $11.62 100.0%

$9,666

$10.26 (0.94) (0.10) (0.37)

100.0%

(1,057)

-9.3% -1.1% -1.8% 87.9% 11.4%

(929) (101) (334)

(1.00) (0.11) (0.36)

-8.6% -0.9% -3.1% 87.4%

(887)

-9.2% -1.0% -3.6% 86.2% 10.7%

Collection Loss

(121) (203)

(90)

(349)

Concession Loss

Rent Collected

10,002

10.61

9,399 $10.15

8,340 1,039

$8.85

1,294

1.37

945

1.02

8.8%

1.10

Other Income

$11,296

$11.97

99.2%

$10,345 $11.17

96.2%

$9,379

$9.95

96.9%

Total Income

Expenses Salaries and Personnel

$649

$0.69

5.7% 5.1% 1.4% 4.0% 6.1%

$1,044

$1.13

9.7% 4.5% 1.6% 4.4% 6.0%

$981

$1.04

10.1%

Administrative

580 164 459 695

0.62 0.17 0.49 0.74

480 168 476 648

.52 .18 .51 .70

427 139 395 665

0.45 0.15 0.42 0.71

4.4% 1.4% 4.1% 6.9%

Marketing

Management Fees

Utilities

All Repairs and Maintenance and Contract Services

1,591

1.69

14.0%

939

1.01

8.7%

1,035

1.10

10.7%

Insurance

224

0.24 1.12 0.24

2.0% 9.3% 2.0%

279

.30

2.6% 9.3% 0.9%

267 900

0.28 0.95 0.09

2.8% 9.3% 0.8%

Real Estate Taxes

1,053

1,005

1.09 0.10

231

96

82

Other Taxes

Total Expenses

$5,646

$5.98

49.6%

$5,135

$5.54

47.7%

$4,891

$5.19

50.5%

Net Operating Income Before Debt Service and Depreciation

$5,650

$5.99

49.6%

$5,208

$5.62

48.4%

$4,488

$4.76

46.4%

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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