HomeSTR GlossaryNet Operating Income (NOI)
Investment & Finance

Net Operating Income (NOI)

A property's total rental income minus all operating expenses, before mortgage payments and income taxes.

Net Operating Income (NOI) is a key real estate financial metric calculated by subtracting all operating expenses from gross rental income, before accounting for mortgage payments, depreciation, or income taxes. For a vacation rental, NOI = Gross Rental Revenue - (Management Fees + Cleaning Costs + Maintenance + Insurance + Property Taxes + HOA Fees + Platform Commissions + Utilities). NOI is used to evaluate a property's profitability and calculate cap rate. A professional property management company like Solside Stays maximizes NOI by optimizing revenue through dynamic pricing while controlling operating costs through efficient vendor management.

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