Net Operating Income (NOI) Calculator

Instantly See Your Rental Property's Estimated Net Operating Income (NOI)

Net Operating Income (NOI) Definition, Formula, and Example

Net Operating Income (NOI) shows the profitability of a real estate investment property. It reflects the rental property's cash flow before deducting mortgage payments and taxes. Gross Rental Income is the total amount of money earned from a rental property. Typical operating expenses include property management fees, maintenance, insurance, utilities (e.g., WiFi, electricity, gas), and HOA fees.

Net Operating Income (NOI) vs Annual Pre-tax Cash Flow

The major difference between NOI and annual pre-tax cash flow is that NOI doesn't consider mortgage payments. NOI is used to calculate the Cap Rate, while Annual Pre-tax Cash Flow is used to calculate Cash-on-Cash Return.