RubinBrown Apartment Stats 2020
MARKET RATE
2019
2018
2017
Total Number of Projects Average Number of Units
12
33
18
164
198
296
Averages Per Unit: Monthly Rent
1,092 1,087
$1,383
$1,246
Square Feet
835
929
Rooms
4.19
4.03
4.38
Economic Occupancy
98.7%
89.5%
93.7%
Net Operating Income Before Debt Service & Depreciation as a Percentage of Total Income
45.9%
50.3%
53.3%
A
B
C
A
B
C
A
B
C
Revenues Gross Potential Rent Less: Vacancy Loss
$13,101
$12.05 (0.16) (0.02) (0.04)
100.0%
$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%
(172)
-1.3% -0.2% -0.3% 98.2%
(1,746)
(938) (138)
-6.3% -0.9% -0.2% 92.6%
Collection Loss
(24) (42)
(201)
(81)
(35)
Concession Loss
Rent Collected
12,863
11.83
14,570
17.45
13,835
14.89
198
0.18
1.5%
1,123
1.34
6.8%
245
0.26
1.6%
Other Income
$13,061
$12.01
99.7%
$15,693
$18.79
94.5%
$14,080
$15.15
94.2%
Total Income
Expenses Salaries and Personnel
$1,319
$1.21
10.1%
$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%
Administrative
318 266 549
0.29 0.24 0.50 0.96
2.4% 2.0% 4.2% 8.0%
788 301 648 883
0.94 0.36 0.78 1.06
870 151 452 745
0.94 0.16 0.49 0.80
Marketing
Management Fees
Utilities
1,046
All Repairs and Maintenance and Contract Services
1,979
1.82
15.1%
1,791
2.15
10.8%
1,813
1.95
12.1%
Insurance
392
0.36 1.06 0.05
3.0% 8.8% 0.4%
325
0.39 2.24 0.30
2.0%
232 996 547
0.25 1.07 0.59
1.6% 6.7% 3.7%
Real Estate Taxes
1,152
1,871
11.3%
51
254
1.5%
Other Taxes
Total Expenses
$7,072
$6.49
54.0%
$7,795
$9.34
47.0%
$6,569
$7.07
44.0%
Net Operating Income Before Debt Service and Depreciation
$5,989
$5.52
45.7%
$7,898
$9.45
47.6%
$7,511
$8.08
50.2%
A = Dollars per unit, per year
B = Dollars per square foot, per year
C = Percent of gross potential rent
RubinBrown Apartment Stats 2020
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