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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