RubinBrown Apartment Stats 2021

MARKET RATE

2020

2019

2018

Total Number of Projects Average Number of Units

10

12

33

164

164

198

Averages Per Unit: Monthly Rent

$1,102

$1,092

$1,383

Square Feet

1,087

1,087

835

Rooms

4.19

4.19

4.03

Economic Occupancy

98.6%

98.7%

89.5%

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

45.0%

45.9%

50.3%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$13,227

$12.17 (0.17) (0.01) (0.03)

100.0%

$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%

(188)

-1.4% -0.1% -0.3% 98.2%

(172)

-1.3% -0.2% -0.3% 98.2%

(1,746)

Collection Loss

(15) (34)

(24) (42)

(201)

(81)

Concession Loss

Rent Collected

12,990

11.96

12,863

11.83

14,570

17.45

205

0.19

1.6%

198

0.18

1.5%

1,123

1.34

6.8%

Other Income

$13,195

$12.15

99.8%

$13,061

$12.01

99.7%

$15,693

$18.79

94.5%

Total Income

Expenses Salaries and Personnel

$1,264

$1.16

9.6% 3.1% 2.1% 4.3% 8.1%

$1,319

$1.21

10.1%

$934

$1.12

5.6% 4.7% 1.8% 3.9% 5.3%

Administrative

407 271 570

0.37 0.25 0.52 0.98

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

Marketing

Management Fees

Utilities

1,065

1,046

All Repairs and Maintenance and Contract Services

1,866

1.72

14.1%

1,979

1.82

15.1%

1,791

2.15

10.8%

Insurance

434

0.40 1.12 0.14

3.3% 9.2% 1.2%

392

0.36 1.06 0.05

3.0% 8.8% 0.4%

325

0.39 2.24 0.30

2.0%

Real Estate Taxes

1,221

1,152

1,871

11.3%

157

51

254

1.5%

Other Taxes

Total Expenses

$7,254

$6.65

55.0%

$7,072

$6.49

54.0%

$7,795

$9.34

47.0%

Net Operating Income Before Debt Service and Depreciation

$5,941

$5.50

44.8%

$5,989

$5.52

45.7%

$7,898

$9.45

47.6%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2021

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