NOI - Net Operating Income

Gross income (rents, ancillary income such as laundry, parking), to which we usually subtract a vacancy rate and an economic vacancy (difference between the actual rental income and the gross potential rent of a property) and then the operating expenses: PM, insurance, property taxes, snow removal, lawn care, repair and maintenance (higher on older buildings)Allows to calculate purchase price if you have the cap rate: NOI/Cap rateCash on cash is calculated once we deduct the mortgage payments...