RubinBrown Apartment Stats 2018

GOVERNMENT ASSISTED BY REGION

North

East/Northeast

Midwest

South/Southeast

Total Number of Projects

30

79

430

106

Average Project Age In Years Average Number of Units

14.69

15.04

11.49

10.50

115

122

99

102

Averages Per Unit: Monthly Rent

$804

$899

$732

$705

Square Feet

997

952

928

1,022

Rooms

4.48

4.73

4.33

5.22

Economic Occupancy

94.7%

92.5%

92.2%

89.9%

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

35.9%

39.1%

33.5%

31.3%

A

B

C

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$9,643

$9.67 100.0% $10,787 $11.33 100.0%

$8,788

$9.47 100.0%

$8,458

$8.28 100.0%

(515) (0.52) (96) (0.10) (93) (0.09)

-5.3% -1.0% -1.0% 92.7%

(804) (0.84) (135) (0.14) (33) (0.04)

-7.5% -1.3% -0.3% 90.9%

(685) (0.74) (131) (0.14) (46) (0.05)

-7.8% -1.5% -0.5% 90.2% 10.1%

(852) (0.83) -10.1%

Collection Loss

(131) (0.13) (49) (0.05)

-1.5% -0.6% 87.8%

Concession Loss

Rent Collected

8,939

8.96 0.75

9,815

10.31

7,926

8.54 0.96

7,426

7.27 0.38

745

7.7%

461

0.48

4.3%

891

392

4.6%

Other Income

$9,684

$9.71 100.4%

$10,276 $10.79

95.2%

$8,817

$9.50 100.3%

$7,818

$7.65

92.4%

Total Income

Expenses Salaries and Personnel

$1,034

$1.04

10.7% 5.4% 0.8% 4.7% 2.1% 1.1% 0.6% 0.5% 0.3% 0.4% 0.5% 2.6% 7.7% 3.2% 10.8% 12.9%

$1,056

$1.11

9.8% 5.7% 0.7% 4.7% 9.0% 1.6% 0.7% 1.4% 0.8% 0.4% 0.6% 0.5% 9.9% 2.8% 7.4% 2.1%

$1,112

$1.20

12.7% 9.1% 0.9% 5.2% 9.5% 0.9% 0.6% 0.7% 0.7% 0.4% 0.4% 0.3% 3.8% 6.6% 3.4% 11.5% 66.7%

$1,012

$0.99

12.0% 7.7% 0.9% 4.9% 9.3% 1.5% 1.1% 1.6% 0.8% 0.4% 0.6% 0.3% 4.4% 4.3% 3.2% 10.6% 63.6%

Administrative

524

0.53 0.07 0.46 1.04 0.20 0.11 0.06 0.05 0.03 0.04 0.05 1.25 0.25 0.74 0.31

610

0.64 0.08 0.53 1.02 0.18 0.08 0.15 0.09 0.05 0.07 0.06 1.12 0.32 0.84 0.24

799

0.86 0.09 0.49 0.90 0.08 0.06 0.06 0.06 0.03 0.04 0.03 1.09 0.36 0.62 0.33

650

0.64 0.07 0.40 0.77 0.13 0.09 0.13 0.07 0.03 0.05 0.02 0.88 0.37 0.36 0.26

Marketing

73

74

82

76

Management Fees

455

507 975 175

453 836

411 790 128

Utilities

1,037

Carpeting

200 109

78 55 60 59 32 37 29

Painting

72

89

Landscaping

60 49 32 39 51

147

134

HVAC

82 45 66 55

67 35 47 22

Appliances

Plumbing Electrical

Other Repairs and Services

1,247

1,066

1,015

897 374 365 268

Insurance

248 742 305

305 800 226

332 579 302

Real Estate Taxes

Other Taxes

Total Expenses

$6,205

$6.23 64.3%

$6,261

$6.58 58.1%

$5,860

$6.30

$5,365

$5.26

Net Operating Income Before Debt Service & Depreciation

$3,479

$3.48 36.1%

$4,015

$4.21

37.1%

$2,957

$3.20

33.6%

$2,453

$2.39

28.8%

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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