NOI Calculator
Calculate Net Operating Income for commercial and apartment properties
Income & Expenses
Income
Operating Expenses
Results
Enter your property income and expenses to calculate NOI
What is NOI?
Net Operating Income (NOI) is the total income a property generates after deducting all operating expenses, but before mortgage payments and taxes.
Formula
NOI = Effective Gross Income - Operating Expenses
Why NOI Matters
- • Lender Requirements: Most commercial lenders use NOI to determine loan amounts
- • Cap Rate Calculation: NOI ÷ Purchase Price = Cap Rate
- • DSCR Calculation: NOI ÷ Annual Debt Service = DSCR
- • Property Valuation: NOI ÷ Market Cap Rate = Property Value
What's NOT Included in NOI
- • Mortgage payments (principal & interest)
- • Capital expenditures (roof replacement, major renovations)
- • Depreciation
- • Income taxes