RubinBrown Apartment Stats 2019

MARKET RATE

2018

2017

2016

Total Number of Projects Average Number of Units

33

18

28

198

296

288

Averages Per Unit: Monthly Rent

$1,383

$1,246

$949

Square Feet

835

929

943

Rooms

4.03

4.38

4.24

Economic Occupancy

89.5%

93.7%

90.7%

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

50.3%

53.3%

50.0%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$16,598

$19.88 (2.09) (0.24) (0.10)

100.0% -10.5% -1.2% -0.5% 87.8%

$14,946

$16.09 (1.01) (0.15) (0.04)

100.0%

$11,383

$12.07 (1.12) (0.13) (0.22)

100.0%

(1,746)

(938) (138)

-6.3% -0.9% -0.2% 92.6%

(1,057)

-9.3% -1.1% -1.8% 87.9% 11.4%

Collection Loss

(201)

(121) (203)

(81)

(35)

Concession Loss

Rent Collected

14,570

17.45

13,835

14.89

10,002

10.61

1,123

1.34

6.8%

245

0.26

1.6%

1,294

1.37

Other Income

$15,693

$18.79

94.5%

$14,080

$15.15

94.2%

$11,296

$11.97

99.2%

Total Income

Expenses Salaries and Personnel

$934

$1.12

5.6% 4.7% 1.8% 3.9% 5.3%

$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%

Administrative

788 301 648 883

0.94 0.36 0.78 1.06

870 151 452 745

0.94 0.16 0.49 0.80

580 164 459 695

0.62 0.17 0.49 0.74

Marketing

Management Fees

Utilities

All Repairs and Maintenance and Contract Services

1,791

2.15

10.8%

1,813

1.95

12.1%

1,591

1.69

14.0%

Insurance

325

0.39 2.24 0.30

2.0%

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%

Real Estate Taxes

1,871

11.3%

1,053

254

1.5%

231

Other Taxes

Total Expenses

$7,795

$9.34

47.0%

$6,569

$7.07

44.0%

$5,646

$5.98

49.6%

Net Operating Income Before Debt Service and Depreciation

$7,898

$9.45

47.6%

$7,511

$8.08

50.2%

$5,650

$5.99

49.6%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2019

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