Net Operating Income (NOI) Calculator

Real Estate Tools

Calculate net operating income for rental properties with detailed expense categories including vacancy rates, maintenance, insurance, property taxes, and management fees. Essential for real estate investment analysis.

Calculate NOI

Enter rental income and all operating expenses for accurate NOI calculation

Annual Gross Rental Income ($)

Vacancy Rate (%)

Property Management ($)

Maintenance & Repairs ($)

Insurance ($)

Property Tax ($)

Utilities ($)

Other Operating Expenses ($)

Legal, accounting, supplies, etc.

NOI Formula

NOI = Effective Gross Income - Operating Expenses

Effective Gross Income = Gross Income × (1 - Vacancy Rate)

Operating Expenses = Management + Maintenance + Insurance + Taxes + Utilities + Other

Key Expense Categories

Property Management: Fees for property oversight

Maintenance: Repairs and upkeep costs

Insurance: Property and liability coverage

Property Tax: Local government taxes

Utilities: Water, electricity, gas if not paid by tenant

Vacancy Rate: Percentage of time property is unoccupied

Why Detailed NOI Matters

Basis for calculating cap rates and property values

Comprehensive expenses: Includes all operating costs

Vacancy adjustment: Accounts for lost rental income

Investment decisions: Essential for lenders and investors