Investing in property can be a powerful financial strategy for building wealth, providing you with passive income streams and the potential for long-term appreciation. are aiming to Reach Financial freedom or simply diversify your income sources, an investment property offers both flexibility and security.
Net Operating Income (NOI) is a key figure in property investment, representing the annual income generated by a property after subtracting all operating expenses but before mortgage payments and taxes. It’s calculated by taking the property’s total rental income and subtracting necessary expenses, such as property management fees, maintenance, insurance, property taxes, and utilities (if applicable).
NOI provides investors with a clear picture of a property’s cash-generating potential, allowing them to gauge how much revenue the property produces relative to its operating costs. A higher NOI generally indicates a more profitable property and is crucial in calculating the cap rate and assessing investment performance.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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