Free calculator
NOI calculator.
Net operating income is effective gross income minus operating expenses. Enter the rent roll and expenses to compute it.
Net operating income (NOI) is a property's income after operating expenses but before debt service, capital expenditures and taxes: NOI = (gross potential rent − vacancy + other income) − operating expenses. It is the basis of valuation and cap-rate analysis. Enter your figures above to calculate NOI instantly.
Inputs
NOI = (GPR − Vacancy + Other income) − Operating expenses
Result
Net operating income
- Gross potential rent
- $2,041,000
- Vacancy & credit loss
- ($142,870)
- Other income
- $96,400
- Effective gross income
- $1,994,530
- Operating expenses
- ($1,141,036)
- Net operating income
- $853,494
Working from real documents? Framecast’s free t-12 analysis tool turns your T-12 into source-traced numbers you can drop straight in.
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NOI calculator, explained
What is NOI?
Net operating income is a property's income after operating expenses but before debt service, capital expenditures, and taxes. It's the foundation of valuation and cap-rate analysis.
Does NOI include debt service?
No. NOI is calculated before mortgage payments and before capital expenditures. Debt service is applied afterward to get cash flow and DSCR.
How do I get clean inputs?
A normalized T-12 gives you reliable income and expense lines. Framecast's free T-12 tool produces a source-traced operating statement you can use here.
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