RubinBrown Apartment Stats 2019

GOVERNMENT ASSISTED

2018

2017

2016

Total Number of Projects

736

701

562

Average Number of Units

107

105

106

Averages Per Unit: Monthly Rent

$834

$ 767

$802

Square Feet

908

923

899

Rooms

4.48

4.50

4.50

Economic Occupancy

92.0%

92.3%

92.1%

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

34.9%

34.5%

35.4%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$10,010

$11.02 (0.88) (0.15) (0.07)

100.0%

$9,208

$9.98

100.0%

$9,514

$10.58 (0.83) (0.15) (0.10)

100.0%

(801) (137)

-8.0% -1.4% -0.7% 89.9%

(708) (130)

(0.77) (0.14) (0.05)

-7.7% -1.4% -0.5% 90.4%

(749) (134)

-7.9% -1.4% -0.9% 89.8%

Collection Loss

Concession Loss

(68)

(46)

(88)

Rent Collected

9,004

9.92 0.73

8,324

9.02 0.80

8,543

9.50 0.73

Other Income

667

6.7%

742

8.1%

661

6.9%

Total Income

$9,671

$10.65

96.6%

$9,066

$9.82

98.5%

$9,204

$10.23

96.7%

Expenses Salaries and Personnel

$1,117

$1.23

11.2%

$1,087

$1.18

11.8%

$1,079

$1.20

11.3%

Administrative

735

0.81 0.09 0.54 1.02

7.3% 0.8% 4.9% 9.3%

735

0.80 0.08 0.50 0.96

8.0% 0.8% 5.0% 9.7%

560

0.62 0.08 0.53 0.98

5.9% 0.7% 5.0% 9.2%

Marketing

82

78

71

Management Fees

494 928

461 890

476 879

Utilities

All Repair, Maintenance and Contract Services

1,595

1.75

15.9%

1,477

1.61

16.1%

1,645

1.83

17.3%

Insurance

360 703 283

0.40 0.77 0.31

3.6% 7.0% 2.8%

333 577 302

0.36 0.63 0.33

3.6% 6.3% 3.3%

367 578 288

0.41 0.64 0.32

3.9% 6.1% 3.0%

Real Estate Taxes

Other Taxes

Total Expenses

$6,297

$6.93

62.9%

$5,940

$6.45

64.6%

$5,943

$6.61

62.4%

Net Operating Income Before Debt Service and Depreciation

$3,374

$3.72

33.7%

$3,126

$3.37

33.9%

$3,261

$3.63

34.3%

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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