NOI Quick Check

Enter what you already know about the building. Every assumption below is visible and you can change it before you see a result.

Current gross rent
Current annual operating expenses

DMV 5-to-50-unit apartments typically run 35% to 55% of effective gross income (excluding debt service), higher for older buildings with owner-paid utilities.

Market rent per unit (optional)

Source: Apartment List national rent data. Leave this unchecked and the tool runs a Health-check on your expense ratio instead of guessing your market rent; the full benchmark for your ZIP comes in the follow-up.