NOI calculator
From gross potential rent through vacancy and expenses to the number every valuation starts with.
NOI calculator
Gross potential rent through vacancy and expenses to net operating income.
Net operating income
$1,350,000
Expense ratio 44% of EGIEGI $2,400,000 ($2,400,000 less 5.0% vacancy, plus $120,000 other income) − $1,050,000 OpEx
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Why NOI is where deals are won and lost
Every cap-rate valuation is only as good as the NOI beneath it, and NOI is where offering memoranda get creative: market-rate vacancy on an under-market rent roll, management fees below actuals, capital items reclassified as one-time. The deep treatment is in NOI in Real Estate; pair the result with the cap rate calculator for implied value and the DSCR calculator for debt capacity. To verify NOI against the actual documents, see the T-12 guide.
The calculator answers one number. Moraine underwrites the whole deal.
Drop in an OM, rent roll, or T-12 and get a source-linked DCF — NOI from the actual documents, not the broker's pro forma.