EFFECTIVE GROSS INCOME - 1. For borrowers, the actual amount of money earned from stable sources over a...
EFFECTIVE GROSS INCOME (EGI) - The total income from a property generated by rents and other sources, l...
Effective Gross Income
The gross income of a property less an allowance for vacancy and outstanding debts.
Effective Gross Income
Additional income considered by a lender in assessing a loan application of a potential borrower.
Effective gross income
Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.
Effective Gross Income - EGI
The amount of income produced by a piece of property, plus miscellaneous income, less vacancy costs and collection losses.
Net Income
The difference between effective gross income and a person's expenses. The term is qualified as net income before depreciation and debt.
A ratio used in real estate lending analysis. The ratio is the total operating expenses divided by the effective gross income.
operating income ...
The Net Operating Income (NOI) is gross potential income (GPI), less vacancy and collection loss (= Effective Gross Income) less operating expenses (but excluding debt service, income taxes, and/or depreciation charges applied by accountants).
 See also: Expense, Overtime, Other income, Internal rate of return, Debt ratio
  
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