Property Valuation
Net operating income (NOI) is calculated as:
AEGI - Operating Expenses✓ Correct
BEGI - Mortgage Payments
CPGI - Vacancy
DEGI + Capital Expenditures
Explanation
NOI = Effective Gross Income (EGI) - Operating Expenses. Mortgage payments (debt service) are NOT deducted when calculating NOI.
Related North Carolina Property Valuation Questions
- When performing a site analysis for a residential property in Charlotte's Myers Park neighborhood, an appraiser would consider all EXCEPT:
- Highest and best use is defined as the use that is:
- The economic life of an improvement is the period during which:
- In NC, county property tax assessments are supposed to reflect what percentage of market value?
- An 'appraisal' in NC is defined as:
- Which appraisal approach is typically given the most weight when appraising a single-family home in Greensboro, NC?
- The income approach to value uses which formula?
- The 'reconciliation' step in an NC appraisal involves:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →