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Glossary

NOI (Net Operating Income)

A rental property's income after operating expenses, before financing.

Net operating income is a property's gross rental income minus vacancy and operating expenses such as taxes, insurance, and maintenance. It deliberately excludes mortgage payments.

NOI is the basis for valuation metrics like the capitalization rate, making it a core number in real-estate analysis.

Put it into practiceTry the Net Operating Income (NOI) CalculatorRun your own numbers in seconds — free and private.

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