1,056,663
NOI is not a formula but the net operating income of a property which is the gross income minus the expenses. The net operating income is used to calculate cap rate and other metrics used in commercial and investment real estate. If you're not working in commercial or investment real estate, chances are you probably will not use it but you might so you should know what it is.
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Kris Collis, Associate...
East Stroudsburg, PA
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Daniel Lloyd
Holladay, UT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
5,583,328
I haven't dealt with investment properties for decades.... I'm sure you'll have some good answers here....
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
5,240,031
Kenneth J. Jones has got you covered. It is a case of using the correct numbers!
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
5,113,121
Never.
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
-
Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
6,418,799
We do use NOI often, accuracy depends on the accuracy of the data.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
5,254,675
NOI is used with investor clients.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
2,400,450
Never Daniel Lloyd .
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Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
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Nina Hollander, Broker
Charlotte, NC
1,201,652
Occasionally when I have a small multi-unit listing. Are you thinking of CAP Rate?
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
3,416,038
Only when listing income property. I personally dont like it. Some people live by it. I like to use a ales approach to know what the building is worth. Then i like to use basic math to compare income vs expenses. I can then tell if the property will make or lose me money in the real life, not just math life
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
1,712,776
Accuracy is always an estimate not an exact science.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
759,485
Comes up when we list a Multi Family.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
4,901,858
Kenneth J. Jones has you convered.
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Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,092,947
7,864,157
What is your formula?
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Doug Dawes
Topsfield, MA
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Bob "RealMan" Timm
Minot, ND
1,506,163
1,553,599
1,323,529
I don't do income properties, as a rule.
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Doug Dawes
Topsfield, MA
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Bob "RealMan" Timm
Minot, ND
5,772,587
Daniel,
Kenneth J. Jones has your answer. A
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Doug Dawes
Topsfield, MA
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Bob "RealMan" Timm
Minot, ND
1,598,452
902,038
I've used that on commercial properties; it's only a guideline based on some assumptions e.g. capital rate.
3,349,554
5,061,034