RubinBrown Apartment Stats 2017

GOVERNMENT ASSISTED

2016

2015

2014

Total Number of Projects Average Number of Units

562 106

425 109

516 108

Averages Per Unit: Monthly Rent

$802

$750

$735

Square Feet

899

951

944

Rooms

4.50

4.41

4.46

Economic Occupancy

92.1%

90.0%

89.1%

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

35.4%

31.0%

35.3%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

9,514 (749) (134)

10.58

100.0%

$9,004

$9.47

100.0%

$8,816

$9.34

100.0%

(0.83) (0.15) (0.10)

-7.9% -1.4% -0.9% 89.8%

(617) (167) (104) 8,116

(0.65) (0.18) (0.11)

-6.9% -1.9% -1.2% 90.0%

(744) (123)

(0.79) (0.13) (0.10)

-8.4% -1.4% -1.1% 89.1%

Collection Loss

Concession Loss

(88)

(93)

Rent Collected

8,543

9.50 0.73

8.53 0.37

7,856

8.32 0.48

Other Income

661

6.9%

353

3.9%

456

5.2%

Total Income

$9,204

$10.23

96.7%

$8,469

$8.90

93.9%

$8,312

$8.80

94.3%

Expenses Salaries and Personnel

$1,079

$1.20

11.3%

$1,211

$1.27

13.5%

$1,068

$1.13

12.1%

Administrative

560

0.62 0.08 0.53 0.98

5.9% 0.7% 5.0% 9.2%

487

0.51 0.07 0.50 0.97

5.4% 0.7% 5.2%

496

0.53 0.06 0.49 0.88

5.6% 0.6% 5.3% 9.4%

Marketing

71

62

56

Management Fees

476 879

471 925

467 827

Utilities

10.3%

All Repair, Maintenance and Contract Services

1,645

1.83

17.3%

1,680

1.76

18.6%

1,386

1.48

15.7%

Insurance

367 578 288

0.41 0.64 0.32

3.9% 6.1% 3.0%

369 510 129

0.39 0.54 0.14

4.1% 5.7% 1.4%

348 511

0.37 0.54 0.09

4.0% 5.8% 1.0%

Real Estate Taxes

Other Taxes

84

Total Expenses

$5,943

$6.61

62.4%

$5,884

$6.15

64.9%

$5,243

$5.57

59.5%

Net Operating Income Before Debt Service and Depreciation

$3,261

$3.63

34.3%

$2,625

$2.75

29.0%

$3,069

$3.23

34.8%

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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