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NOI Calculator

Calculate Net Operating Income for any investment property. Free NOI calculator helps you evaluate rental property profitability before debt service.

Income

$
%
$

Parking, laundry, storage, etc.

Annual Operating Expenses

$
$
$

Budget 5-10% of rent typically

$

8-10% of rent if using a manager

$
$

HOA, landscaping, pest control, etc.

Net Operating Income (Annual)
$21,300
$1,775/month
Expense Ratio
26%
Low - verify estimates
Total Expenses
$7,800
/year

How It's Calculated

NOI = Gross Income - Operating Expenses

NOI (Net Operating Income) is your property's income after operating expenses but before debt service. It's used to calculate cap rate and DSCR.

Income Summary

Gross Rental Income$30,000
Vacancy Loss (5%)-$1,500
Other Income+$600
Effective Gross Income$29,100

Expense Summary

Property Tax$4,000
Insurance$1,500
Maintenance$1,800
Other$500
Total Expenses$7,800

Know your NOI? Calculate your cap rate.

Use our full analyzer to evaluate complete investment deals.

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Frequently Asked Questions

What is Net Operating Income?

NOI is a property's total income minus operating expenses, before mortgage payments. It's used to calculate cap rate and DSCR, and shows the property's profitability independent of financing.

What expenses are included in NOI?

NOI includes: property taxes, insurance, property management, maintenance, utilities (if owner-paid), and vacancy allowance. It does NOT include mortgage payments, depreciation, or capital expenditures.

What is a good NOI?

NOI itself isn't good or bad - it depends on the property price. A $50,000 NOI on a $500,000 property (10% cap rate) is excellent. The same NOI on a $1,000,000 property (5% cap rate) is less attractive.

Related Calculators

Cap Rate Calculator

Calculate cap rate for any investment property. Free capitalization rate calculator with NOI computation. Evaluate rental property returns instantly.

DSCR Calculator

Calculate DSCR for investment property loans. Free debt service coverage ratio calculator helps you qualify for DSCR loans and evaluate deal viability.

Cash on Cash Calculator

Calculate cash-on-cash return for rental properties. Free CoC calculator shows your annual return on invested capital. Evaluate real estate investments instantly.

Want all metrics in one analysis?

reSniper calculates cap rate, cash-on-cash, DSCR, NOI, and more - all in one comprehensive deal analysis.

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