What is Net Operating Income (NOI)? | REAL-ESTATE-SALESPERSON Exam Prep

Net Operating Income (NOI) is a property's gross income minus operating expenses, calculated as Gross Income - Operating Expenses. NOI excludes mortgage payments, depreciation, and capital expenditures, making it the key metric for evaluating commercial real estate profitability. 📚 Learn more about Net Operating Income (NOI) and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Net Operating Income (NOI) definition: https://www.open-exam-prep.com/glossary/net-operating-income 💡 Exam Tip: NOI = Gross Income - Operating Expenses. EXCLUDES mortgage payments, depreciation, and capital expenditures. Used with cap rate to determine property value: Value = NOI ÷ Cap Rate. --- #real-estate #examprep #financeexam #real-estate-salesperson