NOI on $48,000 Gross Rent with 10% Vacancy
A property with $48,000 gross rent, 10% vacancy, and $12,000 operating expenses produces approximately $31,200 in NOI.
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.
Estimate the net operating income for a commercial or multi-unit property with $48,000 annual gross rent and 10% vacancy rate.
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.