![]() ![]() Let’s use the higher and more conservative tax number. For property taxes, the TRIM notice states $11,785.74 if the new budget is adopted, or $11,326.03 if no budget change is adopted. For expenses, the unit has common charges of $1,161.47 per month, or $13,937.64 per year. ![]() Let’s do an example of a high floor, 05 line at the Biscayne Beach Condominium in the Miami neighborhood of Edgewater that should rent for at least $7,000 a month as of this writing. NOI can be expressed as a monthly or yearly income figure, but the latter is more common to see. ![]() Subtract operating expenses from revenue As you might expect, simply subtract your total operating expenses from your total revenue to get your net operating income, or NOI.
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