NOI on $24,000 Gross Rent with 5% Vacancy
A property with $24,000 gross rent, 5% vacancy, and $6,000 in expenses has a NOI of $16,800.
How to use this tool
- Enter gross annual rent, vacancy rate and annual operating expenses in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your net operating income (noi) and the full breakdown beneath it.
Calculate net operating income for a rental property earning $24,000 per year with typical vacancy and expense assumptions.
Frequently asked questions
- What expenses are NOT included in NOI?
- NOI excludes mortgage principal and interest, income taxes, depreciation, and capital expenditures (major repairs). It includes property taxes, insurance, maintenance, management fees, and utilities paid by the landlord.
- What is the 50% rule?
- The 50% rule is a quick estimate that operating expenses (excluding mortgage) will equal roughly 50% of gross rent. NOI ≈ gross rent × 50%. It's a rough screen, not a substitute for actual expense analysis.