Free tools / NOI Calculator
NOI Calculator
Enter annual income and operating expenses to get net operating income, expense ratio, per-unit and per-square-foot figures, and an implied value at a cap rate.
Inputs
Example inputs, not market dataStarting values are made-up examples to show the math. They are not market data. Replace them with your own figures. Nothing you type leaves your browser.
Results
Updates as you typeHow this works
Total income = rent + fees + insurance/protection + retail + other incomeTotal opex = labor + property tax + utilities + insurance + management + repairs + marketing + software + otherNOI = total income - total opex(before debt service, depreciation, and capital spending)Expense ratio = total opex / total incomePer unit = amount / unit countandper sq ft = amount / rentable sq ftImplied value = NOI / cap rate(a 7% cap rate is 0.07)
Use trailing-12-month actuals where you can. If the management fee is a percent of revenue, convert it to dollars first.
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