Breaking down one dollar of rent

[Tracy Minick]

This analysis was found at the Rental Housing Association of Washington! Too good to not share!

Breaking down one dollar of rent:

COST

BREAKDOWN

EXAMPLES OF WHAT IT COVERS

38 cents

Pays for the mortgage

Avoids foreclosure of the property

16 cents

Operating expenses

Property and liability insurance, utilities and ongoing maintenance

14 cents

Property taxes

Supports the community through financing for schools, teachers, emergency service and other important local needs

12 cents

Capital expenditures

Such as the roof and HVAC replacement and other important repairs that help ensure quality housing

10 cents

Payroll expenses

Includes pay for employees who operate and maintain the community

10 cents

Returned to owner

Includes the many apartment owners who are themselves small businesses and rely on this revenue to make ends meet, and investors, which include public pensions and 401ks, on which many Americans rely on

Rising Property Taxes