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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