RubinBrown Apartment Stats 2020

GOVERNMENT ASSISTED BY PROJECT SIZE

0-50 Units

51-100 Units

101-150 Units

151-200 Units

Over 200 Units

Total Number of Projects

102

154

119

44

44

Average Project Age In Years Average Number of Units

10.86

12.46

15.24

14.61

15.25

36

77

121

176

280

Averages Per Unit: Monthly Rent

793

866 878 4.15

957 919 4.30

804 926 4.44

887 896 4.64

Square Feet

1,013

Rooms

5.08

Economic Occupancy

94.4%

93.7%

91.7%

93.6%

89.9%

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

24.8%

34.0%

39.1%

34.7%

38.7%

A

B

A

B

A

B

A

B

A

B

Revenues Gross Potential Rent Less: Vacancy Loss

$9,520

$9.40

$10,398 $11.84 (651) (0.74) (153) (0.17)

$11,481 $12.49 (947) (1.03) (117) (0.13)

$9,644 $10.41 (618) (0.67) (147) (0.16)

$10,648 $11.88 (1,078) (1.20)

(534) (0.53) (200) (0.20)

Collection Loss

(188) (0.21)

(99) (0.10)

(77) (0.09)

(35) (0.04)

(21) (0.02)

(75) (0.08)

Concession Loss

Rent Collected

8,687

8.57 0.62

9,517

10.84

10,382

11.29

8,858

9.56 0.59

9,307

10.39

Other Income

626

763

0.87

544

0.59

549

939

1.05

Total Income

$9,313

$9.19

$10,280 $11.71

$10,926 $11.88

$9,407 $10.15

$10,246 $11.44

Expenses Salaries and Personnel

$1,226

$1.21

$1,307

$1.49

$1,183

$1.29

1,179

$1.27

1,209

$1.35

Administrative

826

0.82 0.03 0.53 0.89 0.08 0.08 0.19 0.11 0.06 0.05 0.05 1.28 0.55 0.70 0.30

752

0.86 0.07 0.63 1.15 0.13 0.06 0.16 0.10 0.05 0.07 0.08 1.26 0.59 0.67 0.36

645

0.70 0.07 0.61 1.19 0.19 0.09 0.15 0.09 0.06 0.07 0.05 1.25 0.43 0.65 0.34

606

0.65 0.04 0.52 1.04 0.12 0.08 0.08 0.08 0.04 0.05 0.05 1.26 0.44 0.63 0.28

477

0.53 0.10 0.54 1.02 0.12 0.08 0.12 0.09 0.04 0.07 0.04 1.18 0.49 0.97 0.27

Marketing

26

62

66

35

93

Management Fees

537 906

557

562

484 967 107

487 917 105

Utilities

1,010

1,092

Carpeting

80 81

112

176

Painting

54

81

71 71 78 38 48 42

68

Landscaping

191 108

142

141

107

HVAC

88 47 63 70

82 56 66 42

79 37 65 33

Appliances

61 54 46

Plumbing Electrical

Other Repairs and Services

1,295

1,103

1,152

1,171

1,059

Insurance

561 704 299

518 592 313

400 595 314

411 580 255

437 865 243

Real Estate Taxes

Other Taxes

Total Expenses

$7,001

$6.93

$6,790

$7.73

$6,653

$7.23

$6,143

$6.63

$6,281

$7.01

Net Operating Income Before Debt Service and Depreciation

$2,312

$2.26

$3,490

$3.97

$4,273

$4.65

$3,264

$3.52

$3,965

$4.43

Capital Expenditures

$236

$0.23

$284

$0.32

$315

$0.34

$456

$0.49

$252

$0.28

A = Dollars per unit, per year

B = Dollars per square foot, per year

RubinBrown Apartment Stats 2020

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