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Net Operating Income Worksheet Client Property Address Net Operating Income Year INCOME Base Rent CAM Parking Late Fees Total Gross Income EXPENSES Advertising Auto and Travel Cleaning and Maintenance.

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Is Mortgage Included In NOI? Mortgage payments are not included in the net operating income formula for one simple reason: mortgage payments are not considered an operating expense. Again, as its name suggests, net operating income accounts for an asset's total income and subtracts vacancies and operating expenses.

To calculate NOI, you add all revenue and then subtract operating expenses—typically expenses directly tied to property management, including real estate taxes, insurance, utilities, and maintenance.

To calculate NOI, you add all revenue and then subtract operating expenses—typically expenses directly tied to property management, including real estate taxes, insurance, utilities, and maintenance.

Operating income can be calculated several different ways, but it is always found towards the bottom of a company's income statement. Operating income is generally defined as the amount of money left over to pay for financial costs such as interest or taxes.

NOI equals all revenue from the property, minus all reasonably necessary operating expenses. NOI is a before-tax figure, appearing on a property's income and cash flow statement, that excludes principal and interest payments on loans, capital expenditures, depreciation, and amortization.

Net operating income is the property's generated revenue minus the operating expenses, excluding taxes and debt service. Real estate investors and their industry use this term frequently, but it applies to any company or business that earns income from rental properties.

To calculate NOI, you add all revenue and then subtract operating expenses—typically expenses directly tied to property management, including real estate taxes, insurance, utilities, and maintenance.

Never include your mortgage payments or taxes in the NOI calculation, those are not considered operating expenses. So all of your yearly operating expenses, such as insurance, property management, utilities bills, etc.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232