NOI Analysis Calculator
Net Operating Income
Calculate NOI = Gross Operating Income - Operating Expenses (with vacancy adjustment)
Gross Income
$
$
Gross Potential Income$372,000
Less: Vacancy Loss-$18,600
Effective Gross Income$353,400
Operating Expenses
$
$
$
$
$
$
Total Expenses$123,000
Net Operating Income
$230,400
Annual NOI before debt service, depreciation and capital expenditures
$
Key Ratios
Cap Rate7.68%
Expense Ratio34.8%
Gross Rent Multiplier8.33x
Estimates only. Vacancy is applied to gross rent plus other income. Lenders and appraisers may normalize vacancy, management fees and reserves differently.