Expense Benchmarks
Get the expense benchmarks for a property given its details. Our models use all property details (characteristics, #stories, amenities, location, etc.) to compute the estimates. We recommend to use the Property Details endpoint to get the property details and pass it to this endpoint.
Headers
Query parameters
Request
The unique identifier of the property. It is a stringified UUIDv5. This value can occasionally change if multiple properties get merged into one.
The primary street address of the property.
The city where the property is located.
The state where the property is located.
The postal code for the property’s location.
Latitude coordinate of the property’s location.
Longitude coordinate of the property’s location.
Date when the property details were last updated or created.
The list of units and floorplans available at the property.
Alternate or commonly used names or aliases for the street address.
Alternative names or aliases for the building.
Analysis of the property’s pricing patterns and strategies.
The quality scores for various aspects of the property, including both general areas and specific features.
The name of the building or property.
Year the property was originally built.
Total number of units in the property.
Number of stories or levels in the property.
Metropolitan Statistical Area the property belongs to, if applicable.
An array representing the property embedding vector, used for advanced analysis. If you want to compare two properties, you can use the cosine similarity between their property embeddings. Note: this vector is subject to change a couple of times a year as we improve our models.
An array representing the market embedding vector, used for advanced analysis. If you want to compare two markets, you can use the cosine similarity between their market embeddings. Note: this vector is subject to change a couple of times a year as we improve our models.
Beta Subject to change in near future. The demographics for the property’s location, if available.
The FIPS code of the property’s location.
Contact phone number for the building management or leasing office.
Website URL for the property or management company.
Indicates if the property is a single-family home.
Indicates if the property consists of condominiums.
Indicates if the property is an apartment complex.
Indicates whether we have identified the property as a student housing complex. Detected based on the presence of certain amenities, unit naming conventions, price points, and other factors.
Indicates if the property is a senior living community.
Indicates if the property contains affordable units. Uses the public database of LIHTC properties and the floorplan names from the property website + data from other public data sources.
A prediction of the number of units based on images, number of floors, amenities, location, year built, and the number of units we have seen so far. NOTE: This is an approximation to understand the property’s size when the exact number of units is not available, do not use it as a variable in your financial models.
Predicted or estimated construction period or era based on listing images.
Predicted or estimated range for the number of stories in the building based on facade images.
Name of the company managing the property.
Historical concession offers or promotions available at the property, along with extracted values from the text.
Monthly rent charge for having cats.
One-time fee for having cats.
Deposit required for having cats.
Monthly rent charge for having dogs.
One-time fee for having dogs.
Deposit required for having dogs.
Administrative fee charged by the property.
Amenity fee charged by the property, if applicable.
Application fee charged to apply for residency.
Fee for using storage facilities on the property.
Monthly charge for covered parking, if available.
Monthly charge for parking in a garage, if available.
Monthly charge for parking in a surface lot, if available.
Minimum security deposit required.
Maximum security deposit required (may vary by unit).
List of amenities available in the building.
List of amenities available in the units.
When it’s a custom property, this field will be populated with the user_id of the user who created the property.
Analysis of the property’s public reviews over the past 24 months.
A url to the street view image of the property.
Lease-up mode indicates that the building was recently built, and it is assumed that the developers are only showing a small number of their available units because they are still trying to fill their spaces.
The function checks several conditions to determine if the building is in lease-up mode:
- It verifies if the building was built recently (within the last two years).
- It checks if the building has more than 10 units.
- It counts the number of available units and tracks the earliest availability date.
- It ensures that there have been at least 5 leases.
- It checks if the earliest move-in date is within the last 18-months.
- It calculates the percentage of units still being marketed and ensures it is at least 15%.
If all these conditions are met, the building is considered to be in lease-up mode.
Response
The expense benchmarks.