net annual income

[DRMORALES]

what is net annual income?

 

[appraisalondemand]

Are you talking about your personal income, or an income producing property?

 

[The Dog]

Three basic steps of Income

Potential Gross Income
Less vacancy
Effective Gross Income
Less expenses
Net operating income

 

[Obsolescent]

Net Income is total revenue minus total expense, what's left of the monies received after all debts have been paid, the bottom line. If Net Income is positive it is also called Net Profit. A negative Net Income is a Net Loss.

 

[leelansford]

what is net annual income?

I noticed that you are a trainee appraiser; hHave you completed any of the basic appraisal courses?

I ask because I would have to guess that the answer to your question would be found in a basic appraisal textbook.

 

[Joyce Potts]

what is net annual income?

Enough last year to afford me a comfortable living in a van down by the river.

 

[Non Sequitur]

Enough last year to afford me a comfortable living in a van down by the river.

The cool thing about vans is you can put a little window unit in them. And I'll bet the guy in the Pinto is envious.

 

[JJohnson1985]

Enough last year to afford me a comfortable living in a van down by the river.

Sorry to laugh at your misery, but that was funny

 

[David Wimpelberg]

And I'll bet the guy in the Pinto is envious.

I used to own a Pinto back in my college days. It went up in the flames of glory.:Eyecrazy:

===============================================

To the OP:

Do you mean Net Operating Income (NOI)?

 

[Claude From NY]

I used to own a Pinto back in my college days. It went up in the flames of glory.:Eyecrazy:

===============================================

To the OP:

Do you mean Net Operating Income (NOI)?

Ah yes! The Ford Pinto Right up there with hall of shame-ers the Vega and the Yugo. I had a yellow Duster / 225 slant six. Now that was an automobile!