RubinBrown Apartment Stats 2019
GOVERNMENT ASSISTED BY PROJECT SIZE
0-50 Units
51-100 Units
101-150 Units
151-200 Units
Over 200 Units
Total Number of Projects
124
168
136
42
52
Average Project Age In Years Average Number of Units
9.98
11.63
13.98
14.06
13.73
35
77
121
175
279
Averages Per Unit: Monthly Rent
$751
$811
$826
$792
$871
Square Feet
1,011
880
923
955
882
Rooms
5.14
4.18
4.27
4.26
4.64
Economic Occupancy
95.6%
93.8%
92.0%
93.3%
90.3%
Net Operating Income Before Debt Service & Depreciation as a Percentage of Total Income
25.5%
32.0%
31.3%
32.8%
38.9%
A
B
A
B
A
B
A
B
A
B
Revenues Gross Potential Rent Less: Vacancy Loss
$9,009
$8.91
$9,727 $11.05 (600) (0.68) (128) (0.15) (174) (0.20)
$9,903 $10.73 (788) (0.85) (114) (0.12)
$9,601 $10.06 (647) (0.68) (197) (0.21)
$10,456 $11.85 (1,013) (1.15)
(393) (0.39) (169) (0.17)
Collection Loss
(168) (0.19)
Concession Loss
(98) (0.10)
(35) (0.04)
(25) (0.03)
(77) (0.09)
Rent Collected
8,349
8.25 0.50
8,825
10.02
8,966
9.72 0.71
8,732
9.14 0.50
9,198
10.42
Other Income
504
504
0.57
659
477
807
0.91
Total Income
$8,853
$8.75
$9,329 $10.59
$9,625 $10.43
$9,209
$9.64
$10,005 $11.33
Expenses Salaries and Personnel
$1,158
$1.15
$1,206
$1.37
$1,139
$1.23
$1,113
$1.17
$1,119
$1.27
Administrative
755
0.75 0.03 0.50 0.86 0.09 0.08 0.17 0.09 0.05 0.06 0.04 1.12 0.51 0.73 0.29
707
0.80 0.07 0.58 1.08 0.12 0.07 0.13 0.10 0.04 0.06 0.07 1.29 0.45 0.62 0.36
851
0.92 0.09 0.58 1.14 0.15 0.06 0.12 0.07 0.05 0.06 0.04 1.33 0.35 0.63 0.34
531
0.56 0.05 0.49 1.10 0.12 0.06 0.09 0.11 0.05 0.05 0.05 1.29 0.40 0.62 0.29
483 110 470 897 102
0.55 0.12 0.53 1.02 0.12 0.08 0.10 0.07 0.05 0.06 0.03 1.22 0.41 1.03 0.27
Marketing
34
60
79
44
Management Fees
507 873
506 952 107
532
470
Utilities
1,056
1,049
Carpeting
88 78
138
111
Painting
60
52
55 89
71 88 64 40 51 30
Landscaping
176
112
112
HVAC
94 53 57 45
85 39 55 61
60 47 52 38
104
Appliances
49 52 44
Plumbing Electrical
Other Repairs and Services
1,131
1,133
1,231
1,229
1,075
Insurance
518 742 290
397 549 315
322 582 317
385 588 273
363 908 241
Real Estate Taxes
Other Taxes
Total Expenses
$6,599
$6.53
$6,344
$7.21
$6,608
$7.16
$6,186
$6.48
$6,112
$6.93
Net Operating Income Before Debt Service and Depreciation
$2,254
$2.22
$2,985
$3.38
$3,017
$3.27
$3,023
$3.16
$3,893
$4.40
Capital Expenditures
$255
$0.25
$676
$0.77
$532
$0.58
$430
$0.45
$666
$0.76
A = Dollars per unit, per year
B = Dollars per square foot, per year
RubinBrown Apartment Stats 2019
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