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net annual income

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DRMORALES

Thread Starter
Freshman Member
Joined
Aug 8, 2007
Professional Status
Certified Residential Appraiser
State
Nevada
what is net annual income?
 

appraisalondemand

Junior Member
Joined
May 27, 2007
Professional Status
Licensed Appraiser
State
Ohio
Are you talking about your personal income, or an income producing property?
 

The Dog

Senior Member
Joined
Apr 18, 2005
Professional Status
Certified General Appraiser
State
Oregon
Three basic steps of Income

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

Obsolescent

Senior Member
Joined
Jul 6, 2004
Professional Status
Certified Residential Appraiser
State
Minnesota
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

Elite Member
Joined
Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
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.
 

Non Sequitur

Elite Member
Supporting Member
Joined
Feb 14, 2002
Professional Status
Certified Residential Appraiser
State
Louisiana
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.
 

David Wimpelberg

Moderator
Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
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

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
New York
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 :rof: 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!
 
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