RubinBrown Apartment Stats 2021

GOVERNMENT ASSISTED BY PROJECT SIZE

0-50 Units

51-100 Units

101-150 Units

151-200 Units

Over 200 Units

Total Number of Projects

86

135

101

40

38

Average Project Age In Years Average Number of Units

10.98

13.35

15.11

15.15

15.00

37

78

121

175

280

Averages Per Unit: Monthly Rent

850 990 5.09

866 889 4.21

951 920 4.24

800 926 4.48

863

Square Feet

915.04

Rooms

4.64

Economic Occupancy

94.4%

92.5%

92.2%

93.5%

92.5%

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

28.5%

28.6%

38.2%

35.1%

42.0%

A

B

A

B

A

B

A

B

A

B

Revenues Gross Potential Rent Less: Vacancy Loss

$10,199 $10.31 (574) (0.58) (132) (0.13) (120) (0.12)

$10,393 $11.70 (779) (0.88) (193) (0.22)

$11,417 $12.42 (895) (0.97) (225) (0.24)

$9,596 $10.36 (625) (0.68) (180) (0.19)

$10,354 $11.32 (779) (0.85) (168) (0.18)

Collection Loss

(42) (0.05)

(29) (0.03)

(25) (0.03)

(28) (0.03)

Concession Loss

Rent Collected

9,373

9.48 0.55

9,379

10.55

10,269

11.18

8,765

9.47 0.32

9,380

10.25

Other Income

549

328

0.37

395

0.43

296

496

0.54

Total Income

$9,922 $10.03

$9,707 $10.92

$10,664 $11.60

$9,061

$9.79

$9,876 $10.79

Expenses Salaries and Personnel

$1,170

$1.18

$1,335

$1.50

$1,169

$1.27

$1,113

$1.20

$1,121

$1.23

Administrative

792

0.80 0.05 0.63 0.92 0.03 0.05 0.16 0.11 0.04 0.05 0.06 1.33 0.63 0.84 0.27

717

0.81 0.04 0.62 1.22 0.10 0.05 0.16 0.10 0.07 0.08 0.07 1.28 0.72 0.65 0.34

663

0.72 0.05 0.63 1.17 0.13 0.07 0.14 0.08 0.05 0.07 0.04 1.27 0.49 0.67 0.32

642

0.69 0.04 0.53 0.95 0.10 0.05 0.11 0.07 0.04 0.05 0.04 1.08 0.52 0.61 0.27

517

0.57 0.08 0.53 0.99 0.10 0.08 0.10 0.08 0.04 0.05 0.03 0.79 0.44 0.91 0.25

Marketing

47

36

44

33

74

Management Fees

628 914

554

578

488 882

487 909

Utilities

1,080

1,077

Carpeting

31 54

87 49

123

88 46 99 61 41 51 38

89 69 92 72 32 49 28

Painting

61

Landscaping

160 106

139

131

HVAC

88 62 68 66

70 50 63 35

Appliances

44 46 59

Plumbing Electrical

Other Repairs and Services

1,317

1,135

1,172

1,003

718 406 830 231

Insurance

624 827 271

641 574 304

449 613 290

479 561 252

Real Estate Taxes

Other Taxes

Total Expenses

$7,090

$7.15

$6,935

$7.81

$6,588

$7.17

$5,877

$6.35

$5,724

$ 6.27

Net Operating Income Before Debt Service and Depreciation

$2,832

$2.88

$2,772

$3.11

$4,075

$4.44

$3,185

$3.43

$4,151

$4.53

Capital Expenditures

$410

$0.41

$352

$0.36

$436

$0.44

$443

$0.45

$416

$0.42

A = Dollars per unit, per year

B = Dollars per square foot, per year

RubinBrown Apartment Stats 2021

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