RubinBrown Apartment Stats 2020

GOVERNMENT ASSISTED

2019

2018

2017

Total Number of Projects

787

736

701

Average Number of Units

108

107

105

Averages Per Unit: Monthly Rent

$865

$834

$ 767

Square Feet

910

908

923

Rooms

4.47

4.48

4.50

Economic Occupancy

92.1%

92.0%

92.3%

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

38.8%

34.9%

34.5%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

10,354

11.38

100.0%

$10,010

$11.02 (0.88) (0.15) (0.07)

100.0%

$9,208

$9.98

100.0%

(822) (126)

(0.90) (0.14) (0.06)

-7.9% -1.2% -0.5% 90.4%

(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%

Collection Loss

Concession Loss

(55)

(68)

(46)

Rent Collected

9,351

10.28

9,004

9.92 0.73

8,324

9.02 0.80

Other Income

611

0.67

5.9%

667

6.7%

742

8.1%

Total Income

$9,962

$10.95

96.3%

$9,671

$10.65

96.6%

$9,066

$9.82

98.5%

Expenses Salaries and Personnel

$1,143

$1.26

11.0%

$1,117

$1.23

11.2%

$1,087

$1.18

11.8%

Administrative

624

0.69 0.07 0.54 1.01

6.0% 0.6% 4.7% 8.8%

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%

Marketing

66

82

78

Management Fees

487 915

494 928

461 890

Utilities

All Repair, Maintenance and Contract Services

1,545

1.70

14.9%

1,595

1.75

15.9%

1,477

1.61

16.1%

Insurance

403 599 313

0.44 0.66 0.34

3.9% 5.8% 3.0%

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%

Real Estate Taxes

Other Taxes

Total Expenses

$6,095

$6.70

58.7%

$6,297

$6.93

62.9%

$5,940

$6.45

64.6%

Net Operating Income Before Debt Service and Depreciation

$3,867

$4.25

37.6%

$3,374

$3.72

33.7%

$3,126

$3.37

33.9%

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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