RubinBrown Apartment Stats 2018

MARKET RATE

2017

2016

2015

Total Number of Projects Average Number of Units

18

28

31

296

288

266

Averages Per Unit: Monthly Rent

$1,246

$949

$897

Square Feet

929

943

926

Rooms

4.38

4.24

3.60

Economic Occupancy

93.7%

90.7%

87.3%

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

53.3%

50.0%

50.3%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$14,946

$16.09 (1.01) (0.15) (0.04)

100.0%

$11,383

$12.07 (1.12) (0.13) (0.22)

100.0%

$10,763 $11.62 100.0%

(938) (138)

-6.3% -0.9% -0.2% 92.6%

(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%

Collection Loss

(121) (203)

(35)

Concession Loss

Rent Collected

13,835

14.89

10,002

10.61

9,399 $10.15

245

0.26

1.6%

1,294

1.37

945

1.02

8.8%

Other Income

$14,080

$15.15

94.2%

$11,296

$11.97

99.2%

$10,345 $11.17

96.2%

Total Income

Expenses Salaries and Personnel

$763

$0.82

5.1% 5.8% 1.0% 3.0% 5.0%

$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%

Administrative

870 151 452 745

0.94 0.16 0.49 0.80

580 164 459 695

0.62 0.17 0.49 0.74

480 168 476 648

.52 .18 .51 .70

Marketing

Management Fees

Utilities

All Repairs and Maintenance and Contract Services

1,813

1.95

12.1%

1,591

1.69

14.0%

939

1.01

8.7%

Insurance

232 996 547

0.25 1.07 0.59

1.6% 6.7% 3.7%

224

0.24 1.12 0.24

2.0% 9.3% 2.0%

279

.30

2.6% 9.3% 0.9%

Real Estate Taxes

1,053

1,005

1.09 0.10

231

96

Other Taxes

Total Expenses

$6,569

$7.07

44.0%

$5,646

$5.98

49.6%

$5,135

$5.54

47.7%

Net Operating Income Before Debt Service and Depreciation

$7,511

$8.08

50.2%

$5,650

$5.99

49.6%

$5,208

$5.62

48.4%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2018

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