शुद्ध परिचालन आय कैलकुलेटरसूत्र

## Net Operating Income (NOI)

NOI is the most important metric in commercial real estate. It represents the income a property generates after all operating costs but before debt service and income taxes.

### Formula

**NOI = Effective Gross Income - Total Operating Expenses**

Where:
- Effective Gross Income = Gross Potential Income - Vacancy Loss
- Operating Expenses include taxes, insurance, maintenance, management, utilities
- Debt service (mortgage payments) is NOT included in operating expenses

हल किया गया उदाहरण

A rental property earns $72,000 gross rent plus $3,600 other income, with 7% vacancy and $20,640 total expenses.

  1. Gross potential income: $72,000 + $3,600 = $75,600
  2. Vacancy loss: $75,600 x 7% = $5,292
  3. Effective gross income: $75,600 - $5,292 = $70,308
  4. Total expenses: $6,000 + $2,400 + $4,800 + $5,040 + $2,400 = $20,640
  5. NOI: $70,308 - $20,640 = $49,668
  6. Expense ratio: $20,640 / $70,308 = 29.4%