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Real Estate · Income

Net Operating Income

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Use NOI to isolate property operating performance before debt service, taxes, and owner-specific financing.

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Annual operating income

Gross Operating Income - Operating Expenses

$220,000 gross operating income minus $70,000 expenses leaves $150,000 NOI.

Check your inputs before you rely on the result — calculations are informational only and depend entirely on the numbers you enter. See our Terms.

Variables and units

  • Gross Operating Income

    Income before operating expenses.

    currency

  • Operating Expenses

    Operating expenses.

    currency

Common mistakes

  • Subtracting mortgage payments as operating expenses.
  • Mixing monthly expenses with annual income.

Step-by-step example

Annual operating income

$220,000 gross operating income minus $70,000 expenses leaves $150,000 NOI.