RubinBrown Apartment Stats 2018

GOVERNMENT ASSISTED BY PROJECT SIZE

0-50 Units

51-100 Units

101-150 Units

151-200 Units

Over 200 Units

Total Number of Projects

160

238

155

64

65

Average Project Age In Years Average Number of Units

10.64

11.51

13.21

11.98

13.17

35

76

121

176

279

Averages Per Unit: Monthly Rent

$700

$742

$790

$812

$756

Square Feet

1,062

898

918

928

915

Rooms

5.12

4.25

4.26

4.31

4.56

Economic Occupancy

94.3%

92.5%

91.6%

90.9%

92.1%

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

33.8%

34.9%

29.2%

34.9%

39.7%

A

B

A

B

A

B

A

B

A

B

Revenues Gross Potential Rent Less: Vacancy Loss

$8,399

$7.91

$8,910

$9.92

$9,475 $10.32 (794) (0.86) (126) (0.14)

$9,739 $10.49 (889) (0.96) (115) (0.12)

$9,077

$9.92

(476) (0.45) (140) (0.13)

(670) (0.75) (147) (0.16)

(713) (0.78) (147) (0.16)

Collection Loss

Concession Loss

(82) (0.08)

(97) (0.11)

(32) (0.03)

(37) (0.04)

(43) (0.05)

Rent Collected

7,701 1,183

7.25 1.11

7,996

8.90 1.01

8,523

9.29 0.75

8,698

9.37 0.51

8,174

8.93 0.83

Other Income

910

686

477

757

Total Income

$8,884

$8.36

$8,906

$9.91

$9,209 $10.04

$9,175

$9.88

$8,931

$9.76

Expenses Salaries and Personnel

$1,039

$0.98

$1,129

$1.26

$1,150

$1.25

$1,070

$1.15

$989

$1.08

Administrative

753

0.71 0.03 0.44 0.74 0.06 0.06 0.13 0.06 0.03 0.02 0.03 1.02 0.42 0.54 0.25

685

0.76 0.11 0.53 0.94 0.11 0.07 0.09 0.08 0.04 0.06 0.06 1.04 0.37 0.59 0.36

1,014

1.10 0.12 0.55 1.07 0.16 0.08 0.11 0.06 0.05 0.06 0.04 1.19 0.32 0.57 0.36

593

0.64 0.06 0.49 1.05 0.11 0.09 0.08 0.08 0.03 0.05 0.04 1.24 0.35 0.57 0.40

558

0.61 0.07 0.44 0.87 0.11 0.06 0.08 0.05 0.03 0.04 0.03 1.06 0.38 0.74 0.25

Marketing

34

97

107 507 985 148

52

65

Management Fees

464 788

474 843 101

457 977 105

399 793

Utilities

Carpeting

68 64

99 54 72 48 31 35 23

Painting

60 85 72 36 53 51

70

82 78 76 30 44 33

Landscaping

135

104

HVAC

66 32 26 36

55 44 56 41

Appliances

Plumbing Electrical

Other Repairs and Services

1,087

932 331 529 319

1,094

1,151

973 347 673 230

Insurance

449 573 268

291 526 333

323 531 371

Real Estate Taxes

Other Taxes

Total Expenses

$5,882

$5.52

$5,797

$6.47

$6,525

$7.09

$5,973

$6.43

$5,389

$5.90

Net Operating Income Before Debt Service and Depreciation

$3,002

$2.84

$3,109 $3.44

$2,684

$2.95

$3,202

$3.45

$3,542

$3.86

Capital Expenditures

$1,216

$1.15

$473

$0.53

$443

$0.48

$293

$0.32

$437

$0.48

A = Dollars per unit, per year

B = Dollars per square foot, per year

RubinBrown Apartment Stats 2018

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